Related Research Articles
Ian David Hislop is a British journalist, satirist, and television personality. He is the editor of the satirical magazine Private Eye, a position he has held since 1986. He has appeared on numerous radio and television programmes and has been a team captain on the BBC satirical quiz show Have I Got News for You since its inception in 1990. Hislop has been involved in numerous legal battles, as Private Eye has often been sued for libel over the years. Despite these challenges, Hislop has remained a key figure in British satire and journalism.
Paul Mackintosh Foot was a British investigative journalist, political campaigner, author, and long-time member of the Socialist Workers Party (SWP).
Tax avoidance is the legal usage of the tax regime in a single territory to one's own advantage to reduce the amount of tax that is payable by means that are within the law. A tax shelter is one type of tax avoidance, and tax havens are jurisdictions that facilitate reduced taxes. Tax avoidance should not be confused with tax evasion, which is illegal. Both tax evasion and tax avoidance can be viewed as forms of tax noncompliance, as they describe a range of activities that intend to subvert a state's tax system.
Ireland's Corporate Tax System is a central component of Ireland's economy. In 2016–17, foreign firms paid 80% of Irish corporate tax, employed 25% of the Irish labour force, and created 57% of Irish OECD non-farm value-add. As of 2017, 25 of the top 50 Irish firms were U.S.–controlled businesses, representing 70% of the revenue of the top 50 Irish firms. By 2018, Ireland had received the most U.S. § Corporate tax inversions in history, and Apple was over one–fifth of Irish GDP. Academics rank Ireland as the largest tax haven; larger than the Caribbean tax haven system.
Tax evasion is an illegal attempt to defeat the imposition of taxes by individuals, corporations, trusts, and others. Tax evasion often entails the deliberate misrepresentation of the taxpayer's affairs to the tax authorities to reduce the taxpayer's tax liability, and it includes dishonest tax reporting, declaring less income, profits or gains than the amounts actually earned, overstating deductions, using bribes against authorities in countries with high corruption rates and hiding money in secret locations.
The Paul Foot Award is an award given for investigative or campaigning journalism, set up by The Guardian and Private Eye in memory of the journalist Paul Foot, who died in 2004.
Private Eye is a British fortnightly satirical and current affairs news magazine, founded in 1961. It is published in London and has been edited by Ian Hislop since 1986. The publication is widely recognised for its prominent criticism and lampooning of public figures. It is also known for its in-depth investigative journalism into under-reported scandals and cover-ups.
David Anthony Hartnett CB is a former British civil servant who served as the Permanent Secretary for Tax at HM Revenue and Customs (HMRC) until his retirement in July 2012. Following his retirement he advised HSBC on financial crime governance alongside former Director General of the Serious Organised Crime Agency, Bill Hughes.
Nadhim Zahawi is an Iraqi-born British politician who served in various ministerial positions under prime ministers Theresa May, Boris Johnson, Liz Truss, and Rishi Sunak from 2018 to 2023. He most recently served as Chairman of the Conservative Party and Minister without Portfolio from 25 October 2022 until he was dismissed by Sunak on 29 January 2023. A member of the Conservative Party, he became Member of Parliament (MP) for Stratford-on-Avon in 2010.
Richard Murphy is a former British chartered accountant and political economist who campaigns on issues of tax avoidance and tax evasion. He advises the Trades Union Congress on economics and taxation, and founded the Tax Justice Network. He is a Professor of Accounting Practice at University of Sheffield Management School.
UK Uncut was a network of United Kingdom-based protest groups established in October 2010 to protest against cuts to public services and tax avoidance in the UK. Various sources have described the group as left-wing in its political orientation.
Base erosion and profit shifting (BEPS) refers to corporate tax planning strategies used by multinationals to "shift" profits from higher-tax jurisdictions to lower-tax jurisdictions or no-tax locations where there is little or no economic activity, thus "eroding" the "tax-base" of the higher-tax jurisdictions using deductible payments such as interest or royalties. For the government, the tax base is a company's income or profit. Tax is levied as a percentage on this income/profit. When that income / profit is transferred to a tax haven, the tax base is eroded and the company does not pay taxes to the country that is generating the income. As a result, tax revenues are reduced and the country is disadvantaged. The Organisation for Economic Co-operation and Development (OECD) define BEPS strategies as "exploiting gaps and mismatches in tax rules". While some of the tactics are illegal, the majority are not. Because businesses that operate across borders can utilize BEPS to obtain a competitive edge over domestic businesses, it affects the righteousness and integrity of tax systems. Furthermore, it lessens deliberate compliance, when taxpayers notice multinationals legally avoiding corporate income taxes. Because developing nations rely more heavily on corporate income tax, they are disproportionately affected by BEPS.
Sir John Edward Astley Troup is a British tax lawyer, and was a civil servant at HM Treasury and then HM Revenue & Customs. He spent two periods as a tax partner at the law firm Simmons & Simmons, from 1985 to 1995 and from 1997 to 2004, and was a special adviser to Kenneth Clarke as Chancellor of the Exchequer in 1995-97.
Blairmore Holdings, Inc. was an offshore investment company established by Ian Cameron, father of former British Prime Minister, David Cameron. Following the Panama Papers leak, it was discovered that Blairmore Holdings was a customer of Mossack Fonseca, a large Panamanian law firm and corporate service provider at the centre of an international scandal on tax havens, tax avoidance and corruption.
The Republic of Panama is one of the oldest and best-known tax havens in the Caribbean, as well as one of the most established in the region. Panama has had a reputation for tax avoidance since the early 20th century, and Panama has been cited repeatedly in recent years as a jurisdiction which does not cooperate with international tax transparency initiatives.
K2 was an offshore wealth management scheme in which salaries of individuals in the United Kingdom were channelled through shell corporations in Jersey, Channel Islands. In June 2012, media reporting of people using K2 for the purposes of tax avoidance was followed by the United Kingdom's Prime Minister David Cameron characterising the scheme as "morally wrong". Later that year the UK government began to introduce legislation to deter people from using such schemes.
Prem Nath Sikka, Baron Sikka is a British-Indian accountant and academic. He holds the position of Professor of Accounting at the University of Sheffield, and is Emeritus Professor of Accounting at the University of Essex.
Conduit OFC and sink OFC is an empirical quantitative method of classifying corporate tax havens, offshore financial centres (OFCs) and tax havens.
Feargal O'Rourke is an Irish accountant and corporate tax expert, who was the managing partner of PwC in Ireland. He is considered the architect of the Double Irish tax scheme used by U.S. firms such as Apple, Google and Facebook in Ireland, and a leader in the development of corporate tax planning tools, and tax legislation, for U.S. multinationals in Ireland.
Solomon Hughes is a freelance investigative journalist working in the United Kingdom. Many of his pieces focus on corporate influence on politicians. His work has appeared regularly in Private Eye since around 2000. Hughes has contributed to The Observer, The Independent, Morning Star, Vice, and The Guardian.
References
- ↑ "The principles of tax policy: Written evidence submitted by Richard Brooks". Parliament U.K. 21 January 2011.
I am a journalist with Private Eye magazine. I write on a number of issues including tax and was a member of the Guardian's "Tax Gap" team that ran a series on corporate tax avoidance two years ago. Until 2005 I was a tax inspector at HMRC specialising in international and corporate taxation
- 1 2 "Private Eye and public scandals". BBC News. 14 October 2011.
Richard Brooks is one. He was a tax inspector for 16 years, and spent a year at the Treasury giving policy advice to ministers.
- ↑ "Curtis Brown". www.curtisbrown.co.uk.
- ↑ "Paul Foot Award 2014", Private Eye, No. 1386, 20 February 2015, p10
- ↑ "The Triumph of the Accountants by Richard Brooks — who guards the guards?". Financial Times. 5 June 2018.
- ↑ "The Paul Foot Award 2008". Private Eye. Retrieved 14 February 2015.
- ↑ "All Carrot and no Stick". Financial Times. 22 March 2013.
- ↑ "Richard Brooks". ITR. 11 December 2013.
- ↑ Brooks, Richard; Wallis, Nick (May 2020). "Justice Lost In The Post" (PDF). Private Eye . Retrieved 10 April 2024.
- ↑ "Ian Hislop Tears Into MPs Over Sleaze, Second Jobs And Lobbying". HuffPost UK. 25 January 2022.
- ↑ "Standards Committee announce new evidence sessions on reform of Code of Conduct for MPs". Parliament. Retrieved 29 January 2022.
