has revealed that it could have offset its own tax losses against intended
acquisition ITV’s profits to accrue no income tax for several years.
Its tax losses could have been used against ITV’s £100m profit, which would
have led to a zero income tax bill, according to
Times . Last year ITV’s tax bill was £85m.
Despite the tax advantage available to the cable
company through the deal, NTL pulled out of its intention to bid for ITV.
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