Tax accountant Richard Murphy, who helped expose tax avoidance by Starbucks, said: ‘The reality is that much of this will never be paid.
‘They are never going to stop spending money on infrastructure, which means they will probably never pay tax. Companies like this have to say when and if they will ever pay tax.’
This in response to this information from Thames Water:
Thames Water sparked fury yesterday when it announced it will not pay corporation tax for up to a decade.
Well done. Murph’s response to a company stating when it will pay tax is to demand that a company must state when it will pay tax.