Cutting themselves, via bribery and corruption, no tax sweetheart deals, across the Globe, resorting to blackmail, is the only way...EU Governments can screw more income from crazy US corps. Customer blackmail is the coming tool for evading
unbreakable trade deals with foreign corporations, how pathetic are our useless politicians becoming.
Starbucks, Google and Amazon have been accused of "immorally" minimising their UK tax bills in a damning report by a spending watchdog.
The Public Accounts Committee (PAC) criticised the companies for the "unconvincing and, in some cases, evasive" evidence they gave on why their corporation tax payments are so low.
MPs warned there are many multinationals exploiting tax laws to move offshore profits that are clearly generated in the UK and called on the Government to "get a grip".
It accused HM Revenue and Customs of looking "way too lenient" over the way it deals with big name firms who are "getting away with" paying little or no corporation tax. The PAC criticised HMRC for undermining the system because it was "selective" in its prosecutions and warned smaller companies could feel victimised.
Committee chairwoman Margaret Hodge said: "Global companies with huge operations in the UK generating significant amounts of income are getting away with paying little or no corporation tax here. This is outrageous and an insult to British businesses and individuals who pay their fair share. Corporation tax revenues have fallen at a time when securing proper income from taxes is more vital than ever.