Problem Statement:

The problem of multinational corporations $($MNCs$)$ using secretive jurisdictions and complex company structures to avoid paying taxes on profits in the UK undermines the fairness and integrity of the tax system, leading to decreased revenue for public services and a sense of injustice among taxpayers.

Objectives:

To analyze the extent of tax avoidance practices employed by multinational corporations in the UK$.$

To assess the impact of tax avoidance by MNCs on the UK economy and society.

To propose policy recommendations aimed at closing loopholes and enhancing transparency to mitigate tax avoidance practices by MNCs$.$

Research Questions:

What are the primary tax avoidance mechanisms utilized by multinational corporations operating in the UK$?$

How does tax avoidance by MNCs affect government revenue, public services, and the overall economy in the UK$?$

What policy measures can be implemented to address the issue of tax avoidance by multinational corporations and promote tax fairness and compliance?There are several problematic issues highlighted in this article.

Based on that, select one of the issues and formulate a problem statement, THREE $(3)$ objectives and THREE $(3)$ research questions. Substantiate the statement of the problem with the relevant literature.