Unite has itself been handed a £2.3m unpaid tax bill after HMRC decided the union had calculated its VAT contributions in a “grossly unfair and unreasonable” manner.
So let’s not talk about that and talk about Alliance Boots instead, shall we?
Boots is a massive employer in the East Midlands, investing heavily in research and development in their Nottingham headquarters. It has also received huge investment from its overseas owners in the past few years which means that they are making payments of interest which whilst completely legal (complying with transfer pricing rules, thin capitalisation rules, world wide debt cap rules and so on) are most certainly completely immoral and therefore completely illegal, despite not actually being illegal.
As a result, it is not making profits in the UK and we should focus on that and have a good grumble.
So, everyone understand ?
Investment and jobs = less corporation tax = bad
Quite large VAT malpractice = nothing to see here