Sunday, December 1, 2013

Thames Water will not pay tax for a DECADE despite soaring profits as London ‘super-sewer’ helps it avoid bills




‘Thames Water sparked fury yesterday when it announced it will not pay corporation tax for up to a decade.
Britain’s biggest water supplier has already been berated for racking up more than £1billion in unpaid taxes.
But as it reported soaring profits after the summer heatwave, finance director Stuart Siddall said: ‘It will be seven to ten years until we pay tax.’


Read more: Thames Water will not pay tax for a DECADE despite soaring profits as London 'super-sewer' helps it avoid bills