A fifth of UK big businesses pay no corporation tax - FT.com
▻http://www.ft.com/intl/cms/s/0/46aa42bc-b5d4-11e3-b40e-00144feabdc0.html#axzz2xI78HlCw
... while more than half paid less than £10m, according to an official report into the mounting cost of tax reliefs.
The National Audit Office calculated that the cost of tax reliefs had increased from 16 per cent to 21 per cent of gross domestic product since 2005.
The government’s spending watchdog also found that 21 per cent of all corporate tax in 2011-12 was paid by only 35 of the UK’s 975,000 companies.
