Tax Crackdown Ticks Right Boxes For Osborne

Multinational tax avoidance is a subject that ticks all the right boxes for the Chancellor two days before the Autumn Statement.

For one thing, unlike many other tax-related issues, trying to crack down on companies that pay less tax in the UK than many people would expect is an exercise that both Conservative and Liberal Democrat ministers are happy to enter into with equal relish.

Tackling tax avoidance is one of the most punter-friendly things that the Treasury can do.

Recent weeks have demonstrated that there is a genuine wave of public feeling targeting companies like Starbucks, which has put the coffee giant very definitely on the back foot.

It is the sort of sentiment that any experienced politicians would be poised to exploit.

On top of that, the Chancellor knows there is more than the sniff of a chance that over the next few months he might be able to have a real impact on corporate tax avoiders.

Key to his hopes is the fact that the UK is due to take on the six-month stewardship of the G8 in the new year.

The Government has made clear it aims to put the issue of multinational companies' tax burden at the top of the agenda.

If international partners can be brought on board, there is much more of a chance of grappling with the problem.

After all, one of the main issues in the internationally competitive world of corporate tax is that one country's unilateral crackdown may only force companies to concentrate their activities elsewhere.

This is a problem that can only be dealt with by co-operation between the main global economic centres.

As a result, we can expect to hear a good deal more along the same lines from the Chancellor and his colleagues.

However, on Wednesday, the clamour of bad news will inevitably force his corporate tax crackdown from the forefront of the agenda.

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