Honestly. Things go from bad to worse here in the UK! Its now been reported that food chains including Nandos, Pizza Express, Café Rouge, Strada and Pret A Manger have cut their taxable profits by borrowing from their owners through the Channel Islands Stock Exchange. High street retailers are doing the same include BHS, the electronics retailer Maplin, Office and Pets At Home. The revelations form the third part of an investigation by Corporate Watch and The Independent into major UK companies using the quoted Eurobond exemption, a regulatory loophole the Government knows about but has decided not to close. What are your opinions on the government allowing these companies to avoid paying taxes through choosing not to close this loophole? independent.co.uk/news/uk/politics/eurobonds-scandal-the-high-street-giants-avoiding-millions-in-tax-8897591.html
Posted on: Wed, 23 Oct 2013 08:45:26 +0000
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