Bad news for lawyers, but good news for taxpayers – The Times

Posted June 4th, 2008 in corporation tax, special report, tax avoidance by sally

“How much should big companies mitigate their tax liabilities — both legally and morally? The controversy over Tesco’s tax structuring techniques involving sale and leaseback arrangements with offshore companies highlights a practice increasingly common among large companies. The revelations triggered an outcry about the behaviour of large multinational companies; some even argued that Tesco should ignore such lawful tax planning opportunities and simply volunteer 30 per cent of its profits in corporation tax out of a sense of social responsibility.”

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The Times, 4th June 2008