‘The use of tax havens by companies listed on the London Stock exchange is at “epidemic levels” according to ActionAid. The campaign group’s research shows 98 of the FTSE 100 companies have footholds in jurisdictions that have low or zero tax rates and limited transparency, with more than 600 subsidiaries in Jersey alone.’
The Times, 11 October 2011
‘Banks have emerged as the heaviest users of low-tax jurisdictions in the first audit of where the FTSE 100's 34,216 subsidiaries are registered around the world ... HSBC, Barclays, Royal Bank of Scotland and Lloyds Banking Group operate 1,649 companies in low-tax territories, according to returns filed at Companies House compiled by charity ActionAid.’
‘The use of tax havens by companies listed on the London Stock exchange is at “epidemic levels” according to ActionAid. The campaign group’s research shows 98 of the FTSE 100 companies have footholds in jurisdictions that have low or zero tax rates and limited transparency, with more than 600 subsidiaries in Jersey alone.’
The Times, 11 October 2011
‘Banks have emerged as the heaviest users of low-tax jurisdictions in the first audit of where the FTSE 100's 34,216 subsidiaries are registered around the world ... HSBC, Barclays, Royal Bank of Scotland and Lloyds Banking Group operate 1,649 companies in low-tax territories, according to returns filed at Companies House compiled by charity ActionAid.’
