Business quote of the day: "Companies would get round it"

KPMG has little time for the Chancellor's plans to clamp down on tax avoidance.

This would just replace one set of complicated rules with another and companies would get round it.

Chris Morgan, head of tax policy at Big Four accountancy firm KPMG, casts doubt on plans from the chancellor to make the tax system more transparent and close a tax loophole known as “unitary” taxation. The move follows G20 finance ministers pledging to crack down on tax avoidance by multinational companies.

Osborne. Photograph: Getty Images

Helen Roxburgh is the online editor of Economia

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The NS Podcast #176: Younge, guns and identity politics

The New Statesman podcast.

Helen and Stephen are joined by author and editor-at-large for the Guardian, Gary Younge, to discuss the findings of his new book: Another Day in the Death of America.

Seven kids die every day from gun violence in the US yet very few make the national news. Is there any way to stop Americans becoming inured to the bloodshed? The enraging, incredibly sad and sometimes peculiarly funny stories of ten kids on one unremarkable Saturday attempt to change that trend.

(Helen Lewis, Stephen Bush, Gary Younge).

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