Law360 (October 28, 2019, 9:17 PM EDT) — A three-year-old U.K. program to impose special measures on companies engaged in persistent and aggressive tax planning has so far brought no action against any offender, a tax watchdog group said in a paper being issued Tuesday.
According to Tax Watch UK, which calls itself an investigative think tank focused on tax policy, the HM Revenue & Customs’ High Risk Corporates Program, launched in September 2016, has proved a failure.
The group cited a June response from HMRC to its request under Britain’s freedom-of-information law for figures related to the program. According to the tax agency, whose response was provided by…
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