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FD want end to tax havens

06 June 2016

Most finance directors believe the time is now right for governments and international agencies to work together to abolish offshore tax havens.

The poll, conducted for The Times newspaper and ICAS, discovered 73% of finance leaders think paying the right amount of tax is more a reputational issue, not just a technical or compliance imperative.

ICAS CEO, Anton Colella said: “This shows that the UK’s finance leaders are in agreement that we need to enter a new era in international corporate taxes to restore trust in the global tax system and in business.”

Some 80% of those polled also felt the leaked Panama papers would lead to further legislation to clamp down on tax avoidance. But, at the same time they want a simpler tax system at home.

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