The Government has been flooded by legal actions from large corporations claiming, often successfully, that differing tax regimes in the EU are unfair. The UK is fighting big claims from Marks & Spencer and Cadbury Schweppes, among others. These claims could cost the British taxpayer billions if the ECJ finds against the government and it looks as if it will.
In the main culled from Financial Director In his annual Budget appearance before the Treasury Select Committee, Gordon Brown emphasized the government would be resolute in its attempts to stop companies using European law to eat into government revenues. ‘The UK will defend vigorously any challenge to UK tax law,’ he said. ‘We will take [...]