Toys ‘R Us alleged tax avoidance could fully fund Devon’s NHS cuts!

Devon has to find £560 million if it wants to avoid savage cuts to its NHS.

Owl has found the money! Now all it has to do is find a way of getting it back from the BRITISH Virgin Islands (note: does that mean they belong to Branson!) to Devon!

“Toys R Us was last night accused of funnelling £584million into an offshore tax haven as it teetered on the brink of collapse – putting 3,200 jobs at risk.

The ailing retailer, which could go into administration today, has been criticised for the write-off of a mystery £584.5million loan to a company in the British Virgin Islands, a territory commonly used by firms for tax avoidance purposes.

Tax experts have called for an investigation into the accounts, accusing Toys R Us of secrecy and tax dodging. …”

http://www.thisismoney.co.uk/money/markets/article-5199707/Toys-R-584m-gift-tax-haven-UK-arm-bust.html

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s