Cadbury’s has evaded its obligations even if it only avoided tax: that is the corruption to which I refer.
It is this corruption that has to be fought in the corporate culture of the UK – which I am quite sure has not yet changed.
And this too is why country-by-country reporting is so important: if this had been in place as I have suggested it then much of this activity would have been exposed because intra-group trading and financing across borders would all have to be on the record in country-by-country reporting. That’s why we need it now.
My mole in the tax office sends an interesting point. The \”tax abuse\” that Cadbury was doing has to have been between two UK subsidiaries. That\’s the only way that such a scheme could actually deliver any tax savings. So, given that it has to be UK to UK then country by country reporting will have absolutely no effect on it whatsoever.
And yes, it is amusing when it\’s the tax office which is correcting Murph on taxes.