Talk on evasion of corporate tax - Evening TimesACADEMICS and politicians were meeting in Glasgow today to discuss corporate tax evasion.
Scottish Socialist Party leader Tommy Sheridan is joining professors from across Britain to discuss the extent of the problem and possible solutions.
The meeting is being addressed by Prem Sikka, Professor of Accountancy at Essex University and an expert on corporate tax evasion.
Mr Sheridan said the Government needed to take radical action to deal with the problem, which costs the Treasury millions of pounds a year.
He said: "Professor Sikka estimates that corporate tax avoidance across the UK costs £85billion a year.
"Not only are big companies getting away with massive profiteering, but they are not even paying up the taxes due on their profits.
"It is time that those companies, many of which receive massive subsidies from the public purse, were taken into public ownership and the profits used for the benefit of the whole of society."
