iiinova — where your digital self keeps evolving

TaxWatch @taxwatch.bsky.social · 26/09/2026

🧵An online expert says they can help cut your tax, move your money offshore & protect your assets from the taxman. Sounds good. But who's really behind it? This is the New Offshore. Read today's TaxWatch investigation.👇 taxwatchuk.org/new-offshore/

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TaxWatch @taxwatch.bsky.social · 21/09/2026

We helped the @newstatesman1913.bsky.social take a deep-dive into a billionaire's hedge fund to answer two questions: (1) Is his UK tax bill "every year, £330 million", as Parliament was told? And (2) will that all go away if he moves to Greece? Spoiler alert: (1) No. (2) Probably not.

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cictar.bsky.social @cictar.bsky.social · 07/08/2026

Vindication of the findings from the excellent Glencore investigations by @taxwatch.bsky.social ...and the depressing truth about how these global giants can spin out an investigation whilst continuing to play their tricks (via Switzerland). Glencore was subject of a CICTAR report in 2021.

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TaxWatch @taxwatch.bsky.social · 06/08/2026

Buried in today's half-year results from commodities giant Glencore is confirmation of a scoop that @taxwatch.bsky.social and The Observer published in May 🧵

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TaxWatch @taxwatch.bsky.social · 22/05/2026

If you believe some UK papers today, the Chancellor is going to pay for cost-of-living help through a "tax raid" on oil & gas companies' offshore shenanigans. Few have got into the detail. The reality - both about the shenanigans, and the tax raid - is somewhat different...🧵

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Tax Justice UK @taxjusticeuk.bsky.social · 11/05/2026

Make taxes mandatory again. The full Glencore story from @taxwatch.bsky.social: www.taxwatchuk.org/private-just... Link to join our mailing list: taxjustice.uk/join-the-tax...

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TaxWatch @taxwatch.bsky.social · 05/05/2026

Different regulatory risks can pool in the same place. As @spotlightcorruption.org points out, a UK subsidiary battling a £1 bn+ 'diverted profits' tax bill for £mm Swiss payments (no suggestion unlawful) also pled guilty to paying £m bribes. Both raise questions for the company's auditors.

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TaxWatch @taxwatch.bsky.social · 04/05/2026

While fuel bills go up, the £1.5bn tax bill of one of the world’s biggest oil traders – eyeing bumper profits from war in the Gulf – is still unsettled. Why? Because the UK wants to handle big companies' tax avoidance claims in secret foreign negotiations rather than UK courts🧵

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TaxWatch @taxwatch.bsky.social · 20/03/2026

Taxing in the dark: @transparencyuk.bsky.social highlights the challenge of overstretched local authorities enforcing the new 'Mansion Tax' when 23% of offshore companies owning UK properties have failed to declare their beneficial owner www.transparency.org.uk/news/uks-new...

transparency.org.uk

The UK’s new ‘mansion tax’: taxing in the dark?

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TaxWatch @taxwatch.bsky.social · 16/03/2026

"Aggressive tax avoidance & tax evasion have become decriminalised, not through any change in the law but through something far more corrosive: lack of enforcement" Finance Bill 25-26 has new powers against tax schemers. But existing ones aren't being used, says @philbrickellmp.bsky.social

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Tax Justice UK @taxjusticeuk.bsky.social · 13/03/2026

So you’d think their businesses would be last in line for UK tax breaks. You’d be wrong. @taxwatch.bsky.social exposed in the recent Spring Statement the UK gov quietly admitted that their global tax deal will let US multinationals off £700m a year until 2029. 👇 4/7 bsky.app/profile/taxw...

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TaxWatch @taxwatch.bsky.social · 03/03/2026

One major story slipped out with today's OBR Forecast, and without any public comment: 🌎A global tax carve-out for US multinationals, pushed by the UK and G7 to appease the US, is expected to let corporate giants off over £2bn of tax by 2028/29. That's £700m a year 🧵/1

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TaxWatch @taxwatch.bsky.social · 27/02/2026

We're told the days of large corporates buying off-the-peg tax schemes or shifting profits to tax havens are over. Are big business now 😇tax saints or still 👿tax sinners? taxwatchuk.org/big-corporat... 🧵

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Financial Times @financialtimes.com · 17/02/2026

The UK government has quietly shelved a programme to build a frictionless post-Brexit trade border, after spending £110mn on a contract with Deloitte and IBM for the project, drawing criticism from trade and tax experts. ft.trib.al/pV6w1i1

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TaxWatch @taxwatch.bsky.social · 17/02/2026

This @financialtimes.com story comes from our latest State of Tax Administration report: an annual deep dive into how well the UK collects tax, and how the administration tasked with doing it is doing. Why do we think that's important? 🧵https://www.ft.com/content/186f4975-40fc-471f-86bb-fe2b7607793d

ft.com

UK quietly shelves £110mn frictionless post-Brexit trade border project

Experts criticise halt to programme that had used Deloitte and IBM as contractors

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TaxWatch @taxwatch.bsky.social · 13/02/2026

Are small businesses tax dodgers or tax victims? The Business & Trade Cttee's latest report says tax compliance is crushing small businesses. Yet headlines last year claimed HMRC had 'lost control' of small businesses, failing to collect 40% of small business Corporation Tax. Can both be true? 🧵

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TaxWatch @taxwatch.bsky.social · 02/02/2026

New, with @fairness.bsky.social : HMRC surveys suggest tax avoidance & evasion may be becoming more acceptable among the youngest cohort of UK taxpayers, esp men 16-34. Changes are small so far, but we need to start asking if it's real, and why it's happening

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TaxWatch @taxwatch.bsky.social · 31/01/2026

thetimes.com/money/tax/article/uk-100-biggest-taxpayers-2026-tax-list-nqsjk2bvn? Today @thetimes.com publishes their annual Tax List: a list of the 'unsung heroes' who are the UK's 100 biggest taxpayers. Or are they? Our response 🧵

thetimes.com

Who are the UK’s biggest taxpayers? The 2026 Tax List revealed

Betfred’s record-breaking brothers lead a top 100 who have given a combined £5.7bn, from JK Rowling to Harry Styles and Anthony Joshua

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TaxWatch @taxwatch.bsky.social · 16/01/2026

This week @houseofcommons.parliament.uk MPs asked HMRC bosses why they won't publish figures on the scale of offshore tax evasion. @taxwatch.bsky.social revealed last year the existence of these internal estimates, larger than published figures. Here's what we learned at the hearing:🧵

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TaxWatch @taxwatch.bsky.social · 08/01/2026

TaxWatch's Jack McConnel in today's @financialtimes.com on the white-knuckle run-up to Making Tax Digital (MTD), "the biggest change in a generation for how nearly 3 million people will do their taxes”. www.ft.com/content/3ba1...

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TaxWatch @taxwatch.bsky.social · 06/01/2026

The US has won its war on minimum taxes for profit-shifting MNCs, backed by the G7 - including the UK. How much revenue will the UK lose? @hmtreasury refuses to release its estimate. We estimate countries may forego ~$40bn annually (~$6bn from just 6 US tech giants) taxwatchuk.org/a-blank-cheq...

taxwatchuk.org

A blank cheque?

Governments refuse to release estimates of the revenue foregone from the G7's 2025 deal to exempt US-headed corporate groups from international minimum taxes. Using OECD and US government data, TaxWat...

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TaxWatch @taxwatch.bsky.social · 19/12/2025

How is HMRC's Digital Transformation really going? 🤜It's needed. Tax evasion is moving online. It's time tax administration did too. But: ⚙️ Some MTD APIs still aren't ready 💷 Costs are up, expected returns down 5 things we learned in 2025: www.taxwatchuk.org/make-tax-dig...

taxwatchuk.org

Making tax digital? Five things we’ve learned about HMRC’s Digital...

HMRC has promised that from 2026 it will transform the way it uses digital tools to tackle tax evasion and interface with taxpayers. With the clock ticking, here are five things we found out this year...

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TaxWatch @taxwatch.bsky.social · 16/12/2025

Why don't people trust HMRC? The answers not what you might think - there's more going on than just the fact that people don't like paying tax... TaxWatch deep-dive here: taxinvestigation.co/new/why-dont...

taxinvestigation.co

Why don’t people trust HMRC? | HMRC: Tax Investigations

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TaxWatch @taxwatch.bsky.social · 01/12/2025

Resourcing HMRC is incredibly good value: every £1 for tax compliance brings in £23. Private-sector orgs dream about ROI like that. But some everyday/automated tax enforcement is error-prone, or hits the poorest hardest. We need to measure tax **enforcement** incidence.

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Tax Justice UK @taxjusticeuk.bsky.social · 26/11/2025

👏 Thank you to everyone who took action and emailed your MPs to say NO to new tax breaks for big tech.👇

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TaxWatch @taxwatch.bsky.social · 26/11/2025

🌐Also hidden in today's Budget: the UK is keeping its Digital Services Tax, despite Trump tariff threats. This will safeguard £4.4-5.2bn of tax revenues from the biggest tech companies over this parliament. Read TaxWatch’s DST myth-buster here: taxwatchuk.org/new-taxwatch... #budget25 #budget #tax

taxwatchuk.org

New TaxWatch briefing tackles three myths about the Digital...

As the US President prepares to fly into the UK with tech bosses in tow, a new briefing from TaxWatch shows that the US government and tech industry representatives have made strongly inaccurate claim...

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TaxWatch @taxwatch.bsky.social · 05/11/2025

Has the Chancellor, with the rest of the G7, agreed a $6 billion tax break for US big tech? And as we head into a tax-rise budget, why can't taxpayers see the UK Treasury's estimates for how much UK revenue we might be giving away? 🧵

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TaxWatch @taxwatch.bsky.social · 05/11/2025

What gets measured gets done. Why we need to end Whitehall secrecy on offshore secrecy...

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TaxWatch @taxwatch.bsky.social · 24/10/2025

First, news that the Budget may put Employers' NIC on partnership income. Now a new leak that general partnerships may be exempted to avoid hitting 🩺GP practices. TaxWatch's Mike Lewis talks to @thetimes.com radio.

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New Economy Brief @neweconomybrief.bsky.social · 22/10/2025

Also including: - @autonomy-institute.bsky.social on the political economy of AI - @mathewlawrence.bsky.social on the 'privatisation premium' on essentials - @jryancollins.bsky.social on reforming property tax - @taxwatch.bsky.social on the big pharma tax loop hole and more!

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Just Treatment @justtreatment.org · 17/10/2025

1/ 🚨We’re getting a bad deal. Pharma companies are freeloading on the UK taxpayer. Read @taxjusticeuk.bsky.social's new investigation ⬇️ www.taxwatchuk.org/taxwatch-inv...

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Critical Takes on Corporate Power @criticaltakes.bsky.social · 17/10/2025

The UK's Patent Box tax break is meant to promote "innovation". Last year a single pharma company collected a massive £486 million, or a quarter of its entire value. For doing what, exactly? Critical Takes fed into this investigation by @taxwatch.bsky.social www.taxwatchuk.org/wp-content/u...

taxwatchuk.org

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Nick Dearden @nickdearden.bsky.social · 17/10/2025

As Big Pharma’s attack on the UK continues this report by @taxwatch.bsky.social👇shows 1 Pharma company has received billions in tax relief. It’s part of the crazy subsidies we give big business to ‘drive innovation’. Instead it drives monopolies & high prices 🧵 www.taxwatchuk.org/the-great-ph...

taxwatchuk.org

The great pharma tax giveaway

HMRC says that over 1600 companies benefit from the Patent Box, a tax relief intended to stimulate innovation and high-value jobs across the UK economy. But previously unpublished figures show that ov...

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Tax Justice UK @taxjusticeuk.bsky.social · 17/10/2025

🚨BREAKING🚨 💊 GSK lobbied for a juicy tax break, pocketed £3.4bn, then ghosted on UK investments. It's time to end the "Patent Box" tax break scheme, gifting billions to Big Pharma. Full report from @taxwatch.bsky.social: www.taxwatchuk.org/taxwatch-inv...

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TaxWatch @taxwatch.bsky.social · 17/10/2025

In this year's Budget, we're told every penny counts. Yet we've found the UK has given one pharma company a £3.4 billion tax cut on profits of patented drugs, including some too expensive for the NHS, while it still cut UK jobs. How did this happen, and why did no-one notice?🧵

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TaxWatch @taxwatch.bsky.social · 06/09/2025

The Ethics Adviser’s report is out on Angela Rayner MP's tax error, and one thing is clear: tax advice is complicated. Because the tax system is complicated, and life is complicated. It's high time that the government stopped dragging its feet on regulating tax advice. /1🧵

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TaxWatch @taxwatch.bsky.social · 04/09/2025

Amazon UK released figures today about their economic and tax contribution in the UK during 2024. No big surprises - but they do underline a key issue: www.aboutamazon.co.uk/news/company...

aboutamazon.co.uk

7 ways Amazon is helping the UK economy: Through our tax contributions, investments, job creation, and more

Amazon ranks in the top 10 largest UK taxpayers and plans to invest £40 billion in the UK over the next three years.

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TaxWatch @taxwatch.bsky.social · 07/08/2025

UK ministers last month praised 5 UK Overseas Territories for searchable registers to reveal who really owns companies – a tool against tax evasion, money laundering, corruption. TaxWatch wanted see how these registers are working on the ground. It's not quite as expected: 🧵

A purple official-looking stamp reading 'Secret' on a piece of paper

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TaxWatch @taxwatch.bsky.social · 05/08/2025

In the latest edition of Taxation magazine (£), TaxWatch's Chris White rounds up the state of play on offshore secrecy and UK tax: the limits of offshore 'nudge' letters, UK foot-dragging on UKOTs, how CRS interacts with BO registers, and continued gaps in both www.taxation.co.uk/articles/off...

taxation.co.uk

Offshore secrecy is facilitating tax evasion

Tax transparency dilemma

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TaxWatch @taxwatch.bsky.social · 28/07/2025

"A report...prepared by Dundee United’s tax consultant...stated that its players spent 24 per cent of their time directly conducting research and development activities" www.thetimes.com/sport/footba...

thetimes.com

Taxpayer appears to fund footballers’ salaries for ‘R&D’

HMRC is attempting to claw back payments to the Scottish Premier League team Dundee United after the club claimed £1.27 million under the R&D tax credit scheme

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TaxWatch @taxwatch.bsky.social · 18/07/2025

Stronger powers against ‘enablers’ are back on the table once again. But new figures show that existing powers are still not being used against those who design and enable aggressive tax avoidance and evasion.🧵

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