No the other tax dodging scum. FTSE companies in the UK.
http://www.guardian.co.uk/business/2...-gap-avoidance
The UK-based drinks giant Diageo plc has transferred ownership of brands worth billions of pounds, including Johnnie Walker, J&B and Gilbey's gin, to a subsidiary in the Netherlands where profits accrued virtually tax-free. Despite average profits of £2bn a year, it paid an average of £43m a year in UK tax - little more than 2% of its overall profits.
Two major drug firms have shifted ownership of their brands to tax havens in the Caribbean. Their UK operations can then be made to pay royalties for the use of the trademarks, reducing their profits and the amount of tax due in this country.
An internationally renowned corporation has structured itself so that it is now simultaneously a British public company, tax-resident in Amsterdam, but whose brands are Swiss-owned.
The makers of an iconic British food product have shifted the rights in it to a tax haven in Switzerland.
A household name has been deliberately loaded with debt so that it no longer has any profits to pay tax on.
Top accountancy firms are charging £500,000 a time to invent tax-avoidance schemes.
Some UK-listed companies which have moved control to Dublin to benefit from Ireland's low-tax regime appear to have little real presence there.
According to the National Audit Office, in 2006 more than 60% of Britain's 700 biggest companies paid less than £10m corporation tax, and 30% paid nothing.
But lets face it, it makes more sense to hunt down some poor sod who has the audacity to run his own business and call him a "disguised employee" and try and bankrupt him for £30K.
Or maybe it just spells out that business tax is way too high in the UK.
http://www.guardian.co.uk/business/2...-gap-avoidance
The UK-based drinks giant Diageo plc has transferred ownership of brands worth billions of pounds, including Johnnie Walker, J&B and Gilbey's gin, to a subsidiary in the Netherlands where profits accrued virtually tax-free. Despite average profits of £2bn a year, it paid an average of £43m a year in UK tax - little more than 2% of its overall profits.
Two major drug firms have shifted ownership of their brands to tax havens in the Caribbean. Their UK operations can then be made to pay royalties for the use of the trademarks, reducing their profits and the amount of tax due in this country.
An internationally renowned corporation has structured itself so that it is now simultaneously a British public company, tax-resident in Amsterdam, but whose brands are Swiss-owned.
The makers of an iconic British food product have shifted the rights in it to a tax haven in Switzerland.
A household name has been deliberately loaded with debt so that it no longer has any profits to pay tax on.
Top accountancy firms are charging £500,000 a time to invent tax-avoidance schemes.
Some UK-listed companies which have moved control to Dublin to benefit from Ireland's low-tax regime appear to have little real presence there.
According to the National Audit Office, in 2006 more than 60% of Britain's 700 biggest companies paid less than £10m corporation tax, and 30% paid nothing.
But lets face it, it makes more sense to hunt down some poor sod who has the audacity to run his own business and call him a "disguised employee" and try and bankrupt him for £30K.
Or maybe it just spells out that business tax is way too high in the UK.
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