Ahead of the Leeds March for the NHS this Saturday (28th March) comes a ‘shocking report’ from Unite about tax arrangements of private health care companies bidding for NHS contracts. Another reason why you might like to join the march. Assemble 11.30 outside the Art Gallery in Leeds city centre. Further details
Many of the major private health companies bidding for NHS services have tax avoidance measures ‘at the core of their activities’, research from Unite the Union has revealed.
Tax expert Richard Murphy analysed ten private health firms actively bidding for and running privatised sections of the NHS. The research revealed that all ten make use of tax havens and extremely complex corporate structures to lessen their potential tax bill, while only two pay any significant tax in the UK at all.
- The companies analysed by the research are: Care UK, Circle, General Healthcare Group, HCA, Bio Products Laboratory Holdings, Ramsay Healthcare, Spire Healthcare, The Practice, Optum (United Health) and Virgin Care.
- Only two of the 10 companies (HCA and Ramsay) pay any significant tax in the UK because most of the others have structures that involve the payment of significant interest, much of it to offshore companies.
- However, all ten companies have links to offshore tax havens, including the Channel Islands, British Virgin Islands and Luxembourg, and all but one employ extremely complex corporate structures to potentially lower their tax bill.