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'Ask The Expert': Professor Michael Devereux - Do multinationals pay enoug...
Tue 22 March 2016, 12:30 – 13:30 GMT
Please join us for the next 'Ask The Expert' series, in association with the Economic and Social Research Council (ESRC).
This new series of events is aligned with current government consultations and parliamentary inquiries, giving you the opportunity to engage with experts in those policy areas.
Date and time
Tuesday 22 March 2016, 12.30-13.30
A light lunch will be served from 12:00
The discussion will include a Q&A session
Social Market Foundation
11 Tufton Street, London, SW1P 3QB
Professor Michael Devereux
Director, Oxford University Centre for Business Taxation, Saïd Business School
Honorary President, International Institute of Public Finance
Recently, several multinational companies have been accused of not paying enough tax. In the UK, the HMRC has been accused of “sweetheart deals”, and of allowing multinationals to evade their tax liabilities.
At an international level, the OECD has recently announced the outcome of a two year review of the taxation of multinationals, including many detailed proposals for reform. At the same time, countries compete with each other for inward investment, and to favour their own companies.
As the House of Commons Treasury Select Committee opens its inquiry into how tax policy is made, how tax collection is administered and how to address the vulnerability of the tax base, this event will address these key questions:
- Will implementation of the OECD proposals fix the problem? Or are there more fundamental issues that need to be addressed?
- How can greater transparency of multinationals tax arrangements be achieved and what are the prospects for it (and barriers to achieving it)?
- Are there steps that the UK government can take on its own, or do we need an international consensus?
- In the absence of an international consensus, where is the tax system for multinationals heading?