Wednesday, 14 December 2011

Retired judge to investigate tax write offs for top firms

Link to the article Channel 4

Channel 4 News understands that former judge Sir Andrew Park has been asked to look into controversial decisions by the UK tax authorities to do deals with large corporations to forgive unpaid taxes.



It's believed that Sir Andrew's investigation on behalf of the National Audit Office will cover up to ten deals struck by the taxman with companies including phone company Vodafone and the investment bank Goldman Sachs.

In one agreement with Vodafone, a potential tax bill of up to seven billion pounds was waived. That decision was subsequently criticised by a whistleblower, Osita Mba, who told the Public Accounts Committee that in striking such a deal the HMRC may have over-reached its powers.