Collecting Tax is about Political Will!

Politicians of all parties, from all countries, will tell you that there needs to be international agreement to deal with tax avoidance, tax evasion and tax havens. Yet there are more tax havens under UK jurisdiction than any other national jurisdiction, and we could start by putting our own house in order! However, this doesn’t need to begin with tax havens, but could begin with tax relief on interest paid, a system currently being abused by British, multinational and trans-national companies. Interest paid by a company on loans is tax deductible – this is a hangover from the introduction of…