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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