Draft document reveals G8 will avoid ‘naming and shaming’ corporate tax avoiders

[unhappycamper]

http://www.rawstory.com/rs/2013/06/14/draft-document-reveals-g8-will-avoid-naming-and-shaming-corporate-tax-avoiders/



Draft document reveals G8 will avoid ‘naming and shaming’ corporate tax avoiders
By Tom Bergin
Friday, June 14, 2013 10:18 EDT

LONDON (Reuters) – The G8 group of leading economies will shy away from adopting a measure aimed at curbing tax avoidance by highlighting when companies channel profits into tax havens, and will include a watered down alternative, according to a draft statement.

British Prime Minister David Cameron, who is hosting the annual G8 Summit in Northern Ireland next week, has said he will put tax evasion and aggressive avoidance at the heart of the meeting.

Tackling corporate tax avoidance has become a political goal internationally following public anger about revelations over the past year that companies like Apple and Google had used structures U.S. and European politicians said were contrived to minimize the amount of taxes paid.

But a draft of the communique to be released by the leaders at the end of the summit, circulated by Britain and seen by Reuters, will not support a rule that would force companies to publish their profits, revenues and tax payments on a country-by-country basis.

[mbperrin]

1. How very ......... compliant of them.

Always nice when the fluffer notes if you swing left or right and adjusts accordingly.

Good help is sooo hard to find, darling.