We don’t have a ‘tweet of the day’ section on LeadingCompany, but this tweet deserves one.
The tactics used by multinational firms to avoid paying tax have been highlighted recently by Assistant Treasurer David Bradbury, who took a shot at the likes of Google and Apple for paying only a pitance to the Australian Government.
But as James Firth, a British chief technical officer, tweeted yesterday (see below), it’s not just governments who should be concerned about the effects of tax avoidance.
Scandal of international tax avoidance isn’t lost tax receipts. It’s distortion to competition, preferring multinationals over local firms
— James Firth (@JamesFirth) December 6, 2012
Amen Mr Firth.