Monday 23 March 2015

Virgin Care among firms with lucrative NHS deals and a tax haven status

Virgin Care among firms with lucrative NHS deals and a tax haven status Richard Branson’s group is one of 10 private health providers that have tax havens as part of their corporate structure

Virgin Care, which has been handed contracts worth hundreds of millions of pounds to run more than 230 NHS and social care services, is one of at least 10 private health firms seeking state-funded contracts whose company structures include tax havens, it can be revealed.

An analysis by Richard Murphy, a chartered accountant at Tax Research UK, has found 13 holding companies, some of them offshore, between Virgin Care and its ultimate parent company, based in the British Virgin Islands. Continue reading... The Guardian

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