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Read this: Tax breaks used by mobile phone networks face scrutiny - Business - The Guardian

Summary: Parliament is to open a new front in the corporation tax war by asking auditors to lift the lid on the tax breaks exploited by multinationals in sectors ranging from the internet to infrastructure. She is asking government accountants to investigate whether the vast array of reliefs offered by the taxman are being misused. Her comments were in response to a Guardian investigation published on Wednesday, which reveals that three of the UK's four networks are paying little or no corporation tax while sharing billions in dividends, management fees and royalties with their multinational owners. - theguardian.com

Read full article: www.theguardian.com link icon  Tax breaks used by mobile phone networks…



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