Tuesday, November 12, 2013

UK: Firms won £1.4bn in state contracts but paid no tax

Nick Buckles is the former Group Chief Executive of G4S, 
who paid no corporation tax in the UK last year


Controversial outsourcing giants G4S and Atos paid no corporation tax in the UK last year, despite receiving more than a billion pounds from the taxpayer, auditors reveal today.

The National Audit Office (NAO) says the two firms received a total of £1.4 billion from the taxpayer for providing services that range from running prisons to assessing the health of the disabled.

But the spending watchdog says that neither firm paid a penny in corporation tax .... http://www.dailymail.co.uk