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Treasury & Taxation

Can Simple Compliance Raise Tax Revenue?

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September 27, 2017

By Ted Howard

The UK’s tax authorities think making companies reveal their tax strategies to the public will eventually raise cash. 

The UK may have come up with an easy way to raise tax revenue: by making companies come clean when it comes their tax strategies. With its Finance Act 2016, the UK will require companies to post their tax strategies on the internet for all to see. While the Act applies only to companies with a "substantial presence" in the UK, there is a good chance this will be copied by other jurisdictions if it is found to successfully raise revenue.

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