Call for corporation tax overhaul after Facebook 'transparency' vow - Bromsgrove Advertiser

The chief executive of the TaxPayers' Alliance, Jonathan Isaby, said: "The fact that Facebook has taken a voluntary decision to change its structure so it pays more corporation tax just goes to show how absurd the system has become.

"The out-dated tax system is simply not suitable for the modern, global economy and leaves the tax liabilities of multinationals open to honest dispute. Instead of announcing another round of ineffectual 'clampdowns' at the Budget, the Chancellor should rethink corporation tax in its entirety."

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Call for corporation tax overhaul after Facebook 'transparency' vow - Bromsgrove Advertiser
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