38th Report - Tax avoidance: the role of large accountancy firms (follow-up)
- HC No.
- HC 1057
- Published
- 6 Feb 2015
- Items
- 0
- Response
- Response document linked Read government response ↗
Select Committee · Public Accounts Committee
Tax avoidance: the role of large accountancy firms: follow-up
Status: Closed
Opened: 28 Nov 2014
Closed: 26 Mar 2015
1 report
Inquiry scope
The Committee first took evidence on tax avoidance from PricewaterhouseCoopers in January 2013 alongside Deloitte, Ernst and Young and KPMG. The Committee’s report on the role of large accountancy firms noted that the four firms "insisted that they no longer sell the type of very aggressive avoidance schemes that they sold ten years ago. While this may be the case, we believe they have simply moved to advising on other forms of tax avoidance which are profitable for their clients; such as the complex operating models they offer to major corporate clients to minimise tax by exploiting the lowest international tax rates." In light of recent information on tax agreements brokered by PwC between multinational corporations and the Luxembourg tax authorities, the Committee have recalled PwC to review that firm’s role in tax avoidance schemes. Further information Public Accounts Committee report: tax avoidance: the role of large accountancy firms (PDF 525 KB)Reports
Oral evidence sessions
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| Date | Session and witnesses | Source |
|---|---|---|
| 8 Dec 2014 | No witnesses recorded | View ↗ |