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

“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.”

Full story

The Times, 4th June 2008

Source: www.timesonline.co.uk

1 Response to “Bad news for lawyers, but good news for taxpayers – The Times”


  1. 1 Honey Monster June 18, 2008 at 8:40 pm

    Why shouldn’t companies and individuals mitigate against paying tax to a wasteful and illogical tax system. The problem is that we have a complex tax system that does not have a consistent logc except to fleece money. We saw that with inheritance tax, the 10% tax band and various raids on pensions and other successful systems.


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