MPs attack Big Four firm over tax avoidance

ACCOUNTANCY  firm PricewaterhouseCoopers (PwC) has been accused of promoting tax avoidance "on an industrial scale" by MPs.

It is said to have helped hundreds of clients slash their corporation tax bills by setting up bases in Luxembourg.

The tax arrangements PwC is said to have promoted in Luxembourg "bear all the characteristics of a mass-marketed tax avoidance scheme," according to the Public Accounts Committee (PAC) report.

Margaret Hodge, chairwoman of the PAC, said: "It is only right that companie... You can carry on reading for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...