We need a full-scale tax revolution

MP Margaret Hodge has berated multinational corporations for the lack of tax they pay. So does Britain need to overhaul its tax system? Emily Hohler reports.

The various tactics used by multinationals to avoid UK corporation tax were revealed last week when executives from Google, Starbucks and Amazon were interrogated by the chairman of the Public Accounts Committee, Margaret Hodge MP, says Peter Campbell in the Daily Mail. But the question is how do we tackle the issue?

Many believe the best way of making the giants pay more would be some kind of unitary taxation or imputation tax system. "Tax would be paid on turnover or sales attributed to the UK marketplace, taking account of numbers of people and assets deployed here."

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Emily Hohler
Politics editor

Emily has worked as a journalist for more than thirty years and was formerly Assistant Editor of MoneyWeek, which she helped launch in 2000. Prior to this, she was Deputy Features Editor of The Times and a Commissioning Editor for The Independent on Sunday and The Daily Telegraph. She has written for most of the national newspapers including The Times, the Daily and Sunday Telegraph, The Evening Standard and The Daily Mail, She interviewed celebrities weekly for The Sunday Telegraph and wrote a regular column for The Evening Standard. As Political Editor of MoneyWeek, Emily has covered subjects from Brexit to the Gaza war.

Aside from her writing, Emily trained as Nutritional Therapist following her son's diagnosis with Type 1 diabetes in 2011 and now works as a practitioner for Nature Doc, offering one-to-one consultations and running workshops in Oxfordshire.