A parliamentary committee has published its consultation on corporate tax reforms, sparking widespread debate among policymakers, businesses, and tax experts. The report outlines proposed changes aimed at addressing tax avoidance and ensuring a fairer tax system, while balancing the need to maintain the country’s competitiveness. As stakeholders weigh in, the consultation is set to influence future legislation and corporate tax policies in the UK.
Committee Calls for Greater Transparency in Corporate Tax Reporting
The committee has intensified its push for enhanced transparency in corporate tax practices, emphasizing the need for clearer and more accessible reporting standards. In its latest consultation, it calls on governments and multinationals to adopt comprehensive disclosure measures that reveal not only total tax contributions but also the jurisdictions in which profits are declared. This approach aims to combat tax avoidance and ensure that companies pay their fair share…
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Author : Victoria Jones
Publish date : 2026-01-26 14:55:00
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