David Cameron: Corporations Tax Dodging

Posted by admin on Monday, March 21, 2016

Adam Zyglis Buffalo News

Adam Zyglis Buffalo News April 6, 2016


 

Former British Prime Minister David Cameron Money Quote saying public is tired of corporations dodging their fair share of taxes by keeping it offshore. David Cameron said:

 
Businesses who think that they can carry on dodging that fair share or that they can keep on selling to the UK & setting up ever-more complex tax arrangements abroad to squeeze their tax bill right down - because the public who buy from them have had enough Quote
 

Businesses who think that they can carry on dodging that fair share or that they can keep on selling to the UK & setting up ever-more complex tax arrangements abroad to squeeze their tax bill right down – well, they need to wake up and smell the coffee because the public who buy from them have had enough” — David Cameron

 

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This quote from former UK Prime Minister David Cameron is criticizing certain large businesses that aggressively avoid paying taxes or set up complicated offshore structures purely to minimize their tax obligations. Cameron suggests these companies think they can continue dodging their “fair share” of taxes and reducing their tax bills through complex international arrangements.

However, he asserts that the general public has lost patience with this behavior from big corporations. Cameron implies these businesses need a reality check (“wake up and smell the coffee”) and should understand the tide is turning against multinational tax avoidance schemes.

In essence, the quote is sending a warning that the government and citizens will no longer tolerate overly aggressive tax reduction solely through tax planning rather than real business activities.

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