A leading stockbroker has highlighted GUS’ low tax rate as key to its
valuation as it plans to demerge with Experian.
Morgan Stanley analyst Geoff Ruddell said that GUS, the business that
operates Argos, had a low tax rate due to the way its information arm Experian
was structured within the group.
Questioning as to whether GUS would be able to maintain a low tax rate when
it completed its demerger helped to push the share price down 7p to 978p
yesterday, reported The Times.
HMRC compliance crackdown targets SMEs, resulting in £468m for year ending 31 March 2016
Report argues that the government must change the way it makes tax and budget decisions
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