The tax arrangements promoted in Luxembourg bear all the characteristics of a mass-marketed tax avoidance scheme according to the Public Accounts Committee report published Friday 6 February 2015.
It is only right that companies pay their fair share of tax according to the profits they make from their economic activity in the countries in which they do business.
The Chair stated " (t)his is the second time we have had cause to examine the role of large accountancy firms in advising multinational companies on complex strategies and contrived structures which are designed for no purpose other than to avoid tax".
