A new paper released today shows that many of UK Uncut’s claims are fundamentally flawed and contradictory.
In UK Uncut Unravelled the IEA examines the claims made against some of UK Uncut’s main targets and finds that they often misrepresent the facts and completely misunderstand the way that tax law operates – both within the UK and abroad.
UK Uncut misrepresenting the facts
- Vodafone has been attacked over a supposedly unpaid tax bill of £6bn, based on profits of its German subsidiaries. However, it is not – and never can be – a principle of tax law that a company should pay both UK tax and German tax on the activities of the German parts of the business. The amount under discussion is therefore much less than the £6bn suggested, and HMRC and Vodafone have come to a compromise owing to the discrepancies that exist between UK and EU law.
- Boots has also been attacked without justification. A Swiss company, it pays UK tax on its UK profits. However, the company financed its operations thr