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Thread: UK companies cut secret tax deals

  1. #1
    Senior Member wotsnext's Avatar
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    Default UK companies cut secret tax deals

    Major UK-based firms cut secret tax deals with authorities in Luxembourg to avoid millions in corporation tax in Britain, the BBC's Panorama has found.
    The programme obtained confidential tax agreements detailing plans to move profits off-shore to avoid what was a 28% corporate tax rate at the time.
    Those involved include pharmaceutical giant GlaxoSmithKline (GSK) and media company Northern & Shell.



    http://www.bbc.co.uk/news/business-17993945

    One rule for us ... another for them, it seems.

  2. #2

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    GSK is a giant crook organisation, was gona get a job with them guess not anymore..........

  3. #3
    Hogwarts Alumnus Corrupt's Avatar
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    I'm shocked [/sarcasm]

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    Senior Member happyslapper's Avatar
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    Only the rich can afford a top-notch accountant... and there's your answer!

    I had a friend who's an accountant teach me a few tricks of the trade, in exchange for some of my home-made beer. It's astonishing how much can be saved if you move a little here, or a little there, or fill in X form.

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