Hutton is optimistic about the effects of the recent "Google tax", despite it being targetted to collect only £355m a year by 2019, barely denting the current "tax gap" of at least £35bn, but he omitted to mention Osborne`s announcement regarding Northern Ireland. Despite the finance ministers of Germany, France and Italy stating that "the lack of tax harmonisation is one of the main causes allowing aggressive tax planning", yet again we see, in John Cridland`s words, another example of Britain "going it alone" by apparently allowing Northern Ireland`s corporation tax to match that of the Republic at 12.5%.
Does not the "variety of tax regimes" in the "international system" play into the greedy hands of tax avoiding companies and their advisers in the "Big 4" accounting firms? Is it not time for action against tax avoiders to be taken in concert with our EU colleagues,rather than in opposition to them? Sensible and similar rates of corporation tax would be a start!