Big Business paying its share?

August 29th, 2007

The National Audit Office have published their report into the tax management of big business in the UK. And interesting it is too. There are headline figures in it such as 33% of the 700 largest companies have paid no corporation tax recently, whilst a further 10% paid less than £10 million.

HMRC have defended the statistics suggesting that there are a number of ways in which this situation might occur. And indeed, the large additional payments to pension funds could create losses ( or at least smaller profits) for some of these businesses.

Even so though, as a small business owner it does raise the eyebrows when you see headlines like that.

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