Printer Friendly

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.
COPYRIGHT 2013 MGN Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2013 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Evening Chronicle (Newcastle, England)
Date:Jun 15, 2013
Words:120
Previous Article:Little soldiers are heroes for the day.
Next Article:Summer street festival returns.
Topics:

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters