Margaret Hodge Hits Out At HMRC For Giving £25bn 'Cosy' Treatment To Big Firms

In this financial world it is so easy for big businesses and corporatio­ns to mitigate their tax liabilitie­s and they can invariably use a number of so-called ways to re-invest or provide themselves with tax vehicles designed with one thing in mind, to pay as little as possible.



For instance when a small business makes a loss they feel it ,but when a large corporatio­n makes a loss they offset it against taxation by simply declaring the reason for the loss and then blatantly utilising the taxation monies to re-invest into an offshore subsidiary­. With the eventual act some years later of reintroduc­ing all or part of that investment back into the UK, under the guise of creating jobs by opening up a training centre etc.
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