The newspaper has agreed to pay ‘a sum by way of damages to a charity of
Tesco’s choice and a payment by way of costs’.
When Accountancy Age contacted The Guardian for details around
figures and the nominated charity, a spokesperson was unwilling to disclose
The reports published in The Guardian were entitled ‘Tesco’s £1bn tax
avoiding plan move to the Cayman Islands’ and ‘Every little bit helps: tax
free pot of gold at end of Tesco’s rainbow’ on 27 February, 2008.
The Guardian’s apology read: ‘In these articles we reported that Tesco had
created an elaborate off-shore corporate structure to avoid paying up to £1bn in
UK corporation tax on profits from the sale of its UK properties… we now
accept that these damaging allegations were unfounded and should not have been
Harrison Beale & Owen will (HB&O) have a new chairman and managing director at the helm for 2017
Satvir Bungar promoted to managing director in the mergers and acquisitions team
Carolyn Brown appointed as the first head of client legal services practice RSM Legal
UK senior partner Phil Verity has been elected for a second term at Mazars