From the FT:
Britain’s biggest companies set aside £2.7bn last year to cover the cost of tax disputes with UK and international authorities as public anger about aggressive corporate tax avoidance grew. This was a 62 per cent rise on the amount FTSE 100 companies earmarked for tax litigation in 2015, as governments around the world intensified their efforts to make large multinationals pay more tax.
What can I say, except that tax justice is yielding a positive reward for society.
And this is before country-by-country reporting hits in. I then expect a further increase in yields.
The yield comes from when the provisions are paid in tax. Not when they’re arguing through the courts as to whether HMRC has the power to demand those provisions. As, you know, Google won in France?