Tax is one of life’s necessities. Isn’t it? So how come it appears to be optional for multinational companies such as Starbucks, Amazon and Google? As government spending cuts deepen and our economic recovery seems evermore distant, the public are increasingly outraged to hear of large companies somehow avoiding their responsibilities. Tax has never been higher up the news agenda with politicians and media alike scrutinizing the status of celebrities and companies to ensure that everyone is paying their ‘fair share’.
When Google, Amazon and Starbucks were pulled up in front of the Public Accounts Committee, many were stunned at how little corporation tax they paid (if at all) and there is a growing realization that we are not ‘all in this together’.