BusinessCompany NewsTesco won’t shelve case despite Guardian apology

Tesco won't shelve case despite Guardian apology

Tesco is to press ahead with its libel action against the Guardian despite the latter's apology

tesco

Tesco is to press ahead with its libel action against the Guardian
despite the national newspaper’s apology for inaccuracies in reporting of the
supermarket giant’s tax affairs.

The Guardian apologised for saying the supermarket’s complex tax
avoidance structures related to corporation tax, now agreeing that it was a
stamp duty land tax arrangement. It also admitted the claim that Tesco was
avoiding up to £1bn in tax was incorrect and a more probable figure was around
£100m.

While the newspaper was prepared to admit these errors it, gave a robust
defence over its coverage of Tesco. ‘We remain ready to defend our journalism ­
in court, if necessary. We believe these matters should be subject to debate and
scrutiny and we invite informed analysis from any readers with an experience in
accountancy or tax law. It is our hope that the resulting debate should help
illuminate future discussions from MPs, journalists and other members of civil
society.’

A Tesco spokesman said: ‘The Guardian Media Group has a serious case to
answer and we look forward to receiving their defence.’

Related Articles

M&S business rate liabilities based on £570m rateable value

Company News M&S business rate liabilities based on £570m rateable value

4m Emma Smith, Managing Editor
BDO replaces Deloitte as Mitie auditor

Audit BDO replaces Deloitte as Mitie auditor

8m Emma Smith, Managing Editor
CVR Global appoints partner in London office

Company News CVR Global appoints partner in London office

1y Alia Shoaib, Reporter
FTSE100 failing to provide adequate ethics information

Company News FTSE100 failing to provide adequate ethics information

1y Alia Shoaib, Reporter
Moore Stephens recruits new private client partner

Accounting Firms Moore Stephens recruits new private client partner

1y Emma Smith, Managing Editor
Magma Group announces merger, partner promotions

Accounting Firms Magma Group announces merger, partner promotions

1y Emma Smith, Managing Editor
BDO on ‘recruitment spree’ with multiple partner appointments

Accounting Firms BDO on ‘recruitment spree’ with multiple partner appointments

1y Emma Smith, Managing Editor
Brand strength leads to fee income growth for RSM

Accounting Firms Brand strength leads to fee income growth for RSM

1y Emma Smith, Managing Editor