HMRC Diverted Profits Project
The Government, Parliament and public expect multinational businesses operating in the UK to pay their fair share of tax to fund public services. The OECD is leading international tax reform to address harmful tax practice. HMRC set up a project in Summer 2014 to identify and tackle multinational businesses trying to avoid tax by diverting UK profits to places where they are taxed lightly, if at all. The project has been hugely successful in helping the UK lead the way in tackling this global problem.