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On the corporate side, 66% of respondents said that companies’ tax returns should not be made public.
There is little enthusiasm for individuals or businesses to be required to publicise their tax return information according to a Gabelle survey.
The firm polled clients and business contacts to gauge their views on whether people’s tax returns should be made public. The results showed that 74% of respondents believed that politicians, senior civil servants and others in similar positions of power should not have to disclose their tax return information. Fully 94% thought an individual’s tax return should not be made public and 88% would not be happy to disclose their own.
On the corporate side, 66% of respondents said that companies’ tax returns should not be made public.
Paula Tallon, managing partner, said: ‘Making tax returns public is likely to cause more problems than it would solve. The focus needs to continue on deterrents such as increased penalties for evasion.’
