With the possibility of a major reduction in Corporation Tax resulting in free hand-outs to big companies here, it’s worth reminding ourselves that Christmas is an all-year round event for some of the most famous high street names.
Starbucks has paid no corporation tax at all in the UK in the past three years.
Boots The Chemist moved its HQ to Switzerland and now avoids taxes of over £100 million per year. Vodafone paid no Corporation Tax at all last year. Cadbury is set to avoid paying over £60million in tax by moving its office address to Switzerland and Johnnie Walker Whiskey manages to pay as little as 2% tax on its profits: cheers!
As we head into a year when public services will be cut, hospital wards closed, jobs lost and funding slashed in education, training and the arts – it’s good to know we’re all in this together!