Perhaps we should take Schmidt’s “aspiration” to do the right thing at face value. But if Mr Schmidt is anything like me, he might need a bit of outside assistance to achieve his aspirations. So, how about we legislate to crack down on all forms of tax avoidance: like passing the General Anti-Tax Avoidance Bill, drawn up by Richard Murphy and introduced by Labour MP Michael Meacher.
As we\’ve pointed out many a time, that bill would loosen, not tighten, the definition of avoidance that can be cracked down upon.
For it states that anything that is specifically mentioned in legislation is outside the scope of tax avoidance. Thus Amazon relying upon the warehouse exclusion in the double taxation treaty with Luxembourg is absolutely not, under the definitions of this bill, tax avoidance. Google selling from Ireland is absolutely not tax avoidance: mentioned in EU law.
Plus of course Our Owen is blindingly ignorant about tax incidence.