Corporate tax avoidancecriticized

Major multinational companies are guilty of immoral tax avoidance, a committee of British lawmakers said Sunday. Parliament’s public accounts committee said the government should “get a grip” and clamp down on multinationals that exploit tax laws to move profits generated in Britain to offshore domains. As the British economy splutters amid Europe’s economic crisis, and the government slashes spending in a bid to curb the deficit, public anger has grown against companies that pay little tax while making large profits.