Alliance Boots defends tax position
FD reveals confusion over targeting of Boots by UK Uncut
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.
More about:
In the past decade, the professional services industry has transformed significantly. Digital disruptions, increased competition, and changing market ...
View resourceIn 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 resourceIn 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 resourceThe 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 resourceCIoT has come out against the government’s latest anti-tax evasion legislation, labelling it as “very problematic for businesses” Read More...
View articlePortion of stolen law firm files revealed to the public, days before world leaders meet to tackle financial corruption Read More...
View articlePanama Papers anonymous whistleblower 'John Doe' reaches out to government authorities, and has called on global powers to 'end financial secrecy' Rea...
View articleGovernmental pressure to crack down on tax evasion is resulting in HMRC applying its criminal investigation policy in an inconsistent manner, writes K...
View articleUK-led beneficial ownership plans adopted in over 20 jurisdictions, including Gibraltar, Isle of Man and Montserrat Read More...
View articleBritish island territory agrees to sign OECD pact on tax co-operation, which has already been signed by 31 nations Read More...
View articleNations that defy international tax agreements should be listed and punished accordingly, Osborne suggests Read More...
View articlePrime minister set to make announcement on companies which encourage tax evasion, while he launches joint taskforce with HMRC to deal with Panama Pape...
View article