PwC chief set for grilling over tax schemes

Imran Miah our consultant managing the role
Author: Imran Miah

A senior tax official at PwC is to be questioned by MPs over the fine points of controversial tax deals in Luxembourg.

The UK head of tax at PricewaterhouseCoopers (PwC) is to face the House of Commons public accounts committee next month over the controversy concerning tax deals for British and Irish clients in Luxembourg.

Kevin Nicholson will be questioned by MPs on December 8th, amid claims that PwC was involved in aggressive avoidance schemes using loopholes in the Grand Duchy's corporation tax system.

The issue arose after a series of newspaper revelations and has also put the spotlight on the role of new European Commission president Jean-Claude Juncker, who denied being responsible for the flaws in Luxembourg's tax system, despite serving as the country's prime minister from 1995 to 2013. He survived a vote in the European Parliament this month on a motion claiming this made him unfit to lead the Commission.

During his time in office, a number of major companies moved some of their financial operations to Luxembourg. He claimed that the tax evasion-friendly regime he was alleged to have helped create "doesn't exist".

If the appearance of Mr Nicholson is a prelude to further tightening of tax laws, accountants seeking work with major companies may find they need to be particularly aware of the very latest legislation, both in the UK and Ireland, as well as on the continent.

The big four accountancy firms have been under particular scrutiny, with chair of the public accounts committee Margaret Hodge accusing them in the past of being involved in aiding aggressive tax avoidance efforts. She said "protestations of innocence" were unjustified as they continued selling such schemes with "as little as 50 per cent chance of succeeding if challenged in court”. 

Mr Nicholson appeared before the body last year to give evidence and a PwC spokesperson said: “We stand by the evidence we gave to the public accounts committee in January 2013 and are very willing to clarify any of the points made.” 

Over 340 global companies have been accused of using the Luxembourg system to dodge tax.

Please reach out to me to discuss any of the above, and if you are interested in exploring your career options, please search our vacancies- we have lots of tax jobs available

11/04/16
posts

Related articles

Technology Hiring Trends | Sound Bytes | Episode 2
Technology Hiring Trends | Sound Bytes | Episode 2

Teaser

Technology

Content Type

General

28/06/24

Summary

Welcome to Sound Bytes! In this second episode of Sound Bytes Alex², Amine and Michael sit down to discuss some of the key trends they are seeing in the technology recruitment market. The topic

Teaser

In this second episode of Sound Bytes Alex², Amine and Michael sit down to discuss some of the key trends they are seeing in the technology recruitment market

Read full article
Alex Dando

by

Alex Dando

Alex Dando

by

Alex Dando

Discover the Latest Technology Hiring Trends with Sound Bytes!
Discover the Latest Technology Hiring Trends with Sound Bytes!

Teaser

Technology

Content Type

Career Advice

28/06/24

Summary

Discover the Latest Technology Hiring Trends with Sound Bytes! Welcome to Sound Bytes, your insider’s guide to the evolving world of technology hiring trends. If you’re a technologist looking to

Teaser

Discover the Latest Technology Hiring Trends with Sound Bytes!

Read full article
Alex Simmons

by

Alex Simmons

Alex Simmons

by

Alex Simmons

Why you need finance contractors to bolster your business
Why you need finance contractors to bolster your business

Teaser

Financial Services

Content Type

General

24/06/24

Summary

The interim and contracting industry currently accounts for a third of the world’s working population and is projected to reach $500 billion in gross volume in the next five years. Why has there

Teaser

Contract work meets rapidly changing needs

Read full article
Ryan Johnson

by

Ryan Johnson

Ryan Johnson

by

Ryan Johnson

jobs

Related jobs

Commercial Finance Analyst

Salary:

£40,000 - £47,000 per annum + Bonus + Benefits

Location:

Wakefield, West Yorkshire

Industry

Consumer & Retail

Qualification

Finalist / Newly qualified

Market

Commerce & Industry

Salary

£40,000 - £50,000

Job Discipline

Part Qualified & Transactional Finance

Newly Qualified Finance

Contract Type:

Permanent

Description

Delighted to be partnering with a Wakefield based marketing business who are looking to expand their finance team with a Commercial Finance Analyst

Reference

181358

Expiry Date

01/01/01

Laura Gunby

Author

Laura Gunby
Laura Gunby

Author

Laura Gunby
Find out more
Senior Group Reporting Manager

Salary:

£85,000 - £95,000 per annum + Competitive Benefits Package

Location:

Bolton, Greater Manchester

Industry

Consumer & Retail

Qualification

Fully qualified

Market

Commerce & Industry

Salary

£80,000 - £100,000

Job Discipline

Qualified Finance

Contract Type:

Permanent

Description

Senior Group Reporting Manager role for a PLC organisation based just outside Bolton paying up to £95,000 + benefits.

Reference

BBBH180419

Expiry Date

01/01/01

Nathan  Jones

Author

Nathan Jones
Find out more
Finance Business Partner

Salary:

Up to £65,000 per annum + £5,000 car allowance + benefits

Location:

Altrincham, Greater Manchester

Industry

Manufacturing

Qualification

Fully qualified

Market

Commerce & Industry

Salary

£60,000 - £70,000

Job Discipline

Qualified Finance

Contract Type:

Permanent

Description

Exciting Finance Business Partner role working for a manufacturing/leasing organisation based in Altrincham paying up to £70,000 + benefits.

Reference

BBBH181205

Expiry Date

01/01/01

Nathan  Jones

Author

Nathan Jones
Find out more
Purchase Ledger

Salary:

£130 - £170 per day

Location:

Tarporley, Cheshire

Industry

Transport & Logistics

Qualification

None specified

Market

Commerce & Industry

Salary

£150 - £250

Job Discipline

Part Qualified & Transactional Finance

Contract Type:

Contract

Description

We have an exciting opportunity for you to join our team as a Purchase Ledger Clerk. We are seeking a talented individual who can efficiently handle the purchase ledger process.

Reference

BBBH181257

Expiry Date

01/01/01

Conor Brooks

Author

Conor Brooks
Find out more
Senior Reporting Analyst

Salary:

£35,000 - £40,000 per annum

Location:

Bristol

Industry

Business Services

Qualification

None specified

Market

Commerce & Industry

Salary

£40,000 - £50,000

Job Discipline

Treasury

Contract Type:

Permanent

Description

Newly created opportunity for a Senior Reporting Analyst to join a progressive professional services firm in Bristol

Reference

BBBH181361

Expiry Date

01/01/01

Craig Kilminster Find out more
Credit Controller

Salary:

£28,000 - £30,000 per annum

Location:

Leeds, West Yorkshire

Industry

Professional Services

Qualification

None specified

Market

Commerce & Industry

Salary

£30,000 - £35,000

Job Discipline

Part Qualified & Transactional Finance

Contract Type:

Permanent

Description

Marks Sattin are currently recruiting a Credit Controller on behalf of a well established, Professional Services business who operate Globally.

Reference

BBBH180406

Expiry Date

01/01/01

Yasmin Clough

Author

Yasmin Clough
Find out more
Internal Audit Manager

Salary:

£40,000 - £47,000 per annum

Location:

East Riding of Yorkshire

Industry

Professional Services

Qualification

Fully qualified

Market

Commerce & Industry

Salary

£40,000 - £50,000

Job Discipline

Internal Audit

Contract Type:

Permanent

Description

Marks Sattin are thrilled to be recruiting for an Internal Audit Manager to join a fantastic firm.

Reference

BBBH181351

Expiry Date

01/01/01

Rajveer Sangha Find out more
Senior Credit Controller - French/Italian speaking

Salary:

£40,000 - £50,000 per annum

Location:

London

Industry

Consumer & Retail

Qualification

Part qualified

Market

Commerce & Industry

Salary

£50,000 - £60,000

Job Discipline

Part Qualified & Transactional Finance

Contract Type:

Permanent

Description

A global luxury retail brand is currently seeking a Senior Credit Controller to join their team in London and assist in supervising the team.

Reference

KD0808

Expiry Date

01/01/01

Kimberley Donovan Find out more
View all jobs