Alliance Boots defends tax position

Alliance Boots defends tax position

FD reveals confusion over targeting of Boots by UK Uncut

ALLIANCE BOOTS yesterday moved to defend its record on tax after being targeted by the protest group UK Uncut.
The Independent reports that the defence came as the company, owners of the Boots chain of pharmacies, unveiled trading profits that reached more than £1bn.
Finance director George Fairweather is quoted saying he did not understand why the company was being picked on and confirmed that the company is paying corporation tax in the UK.
Executive chairman Stefano Pessina is described by The Independent as “exasperated” as he insisted money was not being moved to Zug, the Swiss canton where the company is registered, and that it was not being distributed to private equity owners KKR.
The company’s annual report is not due out until later this week. A Boots store was targeted by UK Uncut on Oxford Street, London, in January this year.

Share

Subscribe to get your daily business insights

Resources & Whitepapers

Why Professional Services Firms Should Ditch Folders and Embrace Metadata
Professional Services

Why Professional Services Firms Should Ditch Folders and Embrace Metadata

3y

Why Professional Services Firms Should Ditch Folde...

In the past decade, the professional services industry has transformed significantly. Digital disruptions, increased competition, and changing market ...

View resource
2 Vital keys to Remaining Competitive for Professional Services Firms

2 Vital keys to Remaining Competitive for Professional Services Firms

3y

2 Vital keys to Remaining Competitive for Professi...

In recent months, professional services firms are facing more pressure than ever to deliver value to clients. Often, clients look at the firms own inf...

View resource
Turn Accounts Payable into a value-engine
Accounting Firms

Turn Accounts Payable into a value-engine

3y

Turn Accounts Payable into a value-engine

In a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...

View resource
Digital Links: A guide to MTD in 2021
Making Tax Digital

Digital Links: A guide to MTD in 2021

3y

Digital Links: A guide to MTD in 2021

The first phase of Making Tax Digital (MTD) saw the requirement for the digital submission of the VAT Return using compliant software. That’s now behi...

View resource