The tax libel row between Tesco and the Guardian has seen Carolyn
McCall, Guardian Media Group chief executive, quit her non-executive roll at the
In a stock exchange announcement Tesco said McCall had decided to step down
from the supermarket’s board because of a ‘conflict of interest’.
Tesco chairman David Reid said he had accepted McCall’s resignation ‘with
regret’ as she had made ‘a strong contribution to the success of the business’.
Earlier in the week Tesco said it had no problems with McCall staying on the
board as a non-executive as she had absented herself from any discussions that
could have left her conflicted.
Tesco issued a High Court writ against the Guardian last week over a
series of stories the paper published about the retailer’s tax arrangements.
Tesco is disputing the articles which claimed it had avoided large sums in
tax through an offshore scheme. It disputes both the sums avoided and the type
of tax it avoided. It said the details of the transactions have or would be
included in its tax returns.
The action is believed to be the first ever libel suit brought over tax
avoidance allegations. Libel experts believe the case opens up new areas of
Does Darwin's theory apply to taxation? Colin ponders...
The UK tax gap fell in 2014-15 to its lowest-ever level of 6.5%, revealed official statistics published today
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states