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MAY 12, 2013 - The Guardian

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UK's top companies condemned for prolific use of tax havens

• Only two of FTSE 100 have no subsidiaries in havens• Big four banks and Tesco among biggest users • ActionAid findings described as shaming by Lib Dem peerThe UK's 100 biggest public companies are running more than 8,000 subsidiaries or joint ventures in onshore and offshore tax havens, according to research published on Monday, raising fresh concerns about the full extent of corporate tax avoidance.The figures, published by the charity ActionAid, show that only two of the companies listed on the UK's FTSE 100 have no subsidiaries in tax havens – while companies such as Barclays and Tesco ... Read More

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