Water companies condemned for avoiding tax
Britain’s water companies are condemned for not paying their share of tax and for loading increases onto the public, in a new parliamentary motion.
Date tabled: 29.01.2014
That this House condemns Britain’s big six water companies for avoiding paying their fair share of tax; notes that despite amassing £1.75 billion in combined profits, only £45 million was paid in tax last year by two out of the six companies with the other four paying no corporation tax at all; further notes that these same companies are increasing their profits on the back of inflation-busting increases to customers’ bills; and therefore calls on the water companies to pay their fair share of tax by putting an end to dubious tax avoidance measures; and, failing this, calls on the Government to introduce a windfall tax on all the water companies to recover the tax revenue that has been lost since privatisation.
- Primary sponsor: Leech, John
- Sponsors:
