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UK's Osborne vows crackdown on tax-avoiding tech firms

Reuters  |  LONDON 

By William Schomberg and William JamesLONDON (Reuters) - British finance minister George Osborne said on Monday he was examining changes to clamp down on tax avoidance by multinationals which the government says are depriving Britain's public coffers of hundreds of millions of pounds each year. "Some technology companies go to extraordinary lengths to pay little or no tax here," Osborne told an annual conference of his Conservative Party."If you abuse our tax system, you abuse the trust of the British people. And my message to those companies is clear: we will put a stop to it."Osborne did ...

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First Published: Mon, September 29 2014. 19:44 IST