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Tax law changes needed.

COMPANIES should be legally bound to pay corporation tax in the countries where their customers are located, according to a North East expert on tax law.

Professor Rita de la Feria, of Durham Law School, said changing the law to implement a destination-based corporate tax system was the fairest way of ensuring that major organisations could not use the current tax system to avoid paying corporation tax.

The issue of tax avoidance will be high on the agenda when leaders of the G8 group of the world's wealthiest countries meet in Northern Ireland on Monday and Tuesday.

Leading multinational companies such as Google, Starbucks and Amazon have been criticised for their use of the current source and residencebased tax system.
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Publication:Evening Chronicle (Newcastle, England)
Date:Jun 15, 2013
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