Dennis the 'Bloody Peasant'
11th May 2012, 08:36
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.
Both firms told the programme they have a duty to be tax efficient.
(http://www.bbc.co.uk/news/business-17993945)
I know I know, shocking and unexpected..doesn't stop the gen sense of outrage at how corporations get away with this shit all the time.
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.
Both firms told the programme they have a duty to be tax efficient.
(http://www.bbc.co.uk/news/business-17993945)
I know I know, shocking and unexpected..doesn't stop the gen sense of outrage at how corporations get away with this shit all the time.