Tax avoiders are bidding for major NHS contracts – Welfare Weekly

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Private health firms bidding for major NHS contracts have tax avoidance measures ‘at the very core of their business planning’, new research reveals, according to Welfare Weekly.

Research by tax expert Richard Murphy reveals how private health companies, who are actively bidding for and already running sections of the NHS, are going to extreme measures to avoid paying their fair share in taxes.

Richard Murphy analysed ten private health firms and found that they all make use of tax havens, and complex corporate structures to lessen their potential tax bill.

The companies analysed by Richard Murphy’s research are: Care UK, Circle, General Healthcare Group, HCA, Bio Products Laboratory Holdings, Ramsay Healthcare, Spire Healthcare, The Practice, Optum (United Health) and Virgin Care.

He found that only two of the ten companies pay any significant tax in the UK and all of them have links to offshore tax havens, including the Channel Islands, British Virgin Islands and Luxembourg.

Read the rest on Welfare Weekly‘s website.

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10 thoughts on “Tax avoiders are bidding for major NHS contracts – Welfare Weekly

  1. Mr.Angry

    Mike missed your blogs internet down past four weeks, re the above I am aware of this and must say nothing surprises me anymore, it’s to be expected. No doubt many of the private heath groups have US Links.

    This will really help the economy I am sure !!!!!!!!!!

    Wonder what level of donations have gone over to D C’s lot, the mind boggles. What a corrupt society we now live in.

  2. Jeffery Davies

    Hum all in it together it seems we wernt while they raid our nhs and tax payers pot linning their nests but taking any monies offshore isnt that quaint just like the tories to show how we all in it together but just not them and their mates

  3. Joy Morby

    What would a labour government do regarding these companies? They shouldn’t be allowed to bid.

  4. A-brightfuture

    This government is going all out for the slash and burn before the General Election.
    If its not nailed down, the Tories will sell it off.

    Roll up…………Roll up…..Its the sale of the century, everything must go, due to a foreseeable change of top management.!!!!!!!!!!!!!!

  5. Gary

    Break it up, sell it off, money goes into private pockets. Even without technically privatising they manage to get some money offshore to their grubby friends. Our local Customs Building, part of which was a museum, is now owned by our local authority, again. The building is large, old, listed and was built for and owned by the burgh council originally. It passed onto Customs and latterly HMRC. You’ll remember that our leaders decided to do a ‘leaseback’ deal. Common enough in business it is usually used to free up monies tied up in assets to fund expansion of the business etc. In the case of our local building this was not so. They had already planned its closure. So the building, no longer publicly owned, was then sold to our local authority at a great profit for our friends in the Bahamas. They sell what’s yours, keep the money and you buy it back again. They’ll KEEP doing this unless legislative safeguards are put in place to prevent them.

  6. NMac

    The Tories are deliberately selling the NHS to their wealthy friends who, like them, want to see an end to the NHS which the Tories have always hated right from the start.

Comments are closed.