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Assessing the accuracy of claims made by a BBC documentary
KEY POINTS
- Panorama ignored the government’s distinction between aggressive and acceptable tax planning.
- GAAR panel was meant to be independent not to “advise the taxman”.
- Companies are taking advantage of deliberate government policy.
- Appeals not to fairness but to a desire to get someone else to pay.
The Panorama episode Tax Lies and Videotape broadcast on BBC1 on Monday 16 September aroused significant criticisms. What about the arguments put forward in the piece? Were they accurate or not? While it is not possible to go through all of them one by one I have dealt with some of the main ones below.
Introductory claims
Claim: “We find new rules that could help big business avoid billions in tax.”
Assessment: This claim from the...
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