Should Boot’s be given the The Boot?
New research shows that Alliance Boots, the high street chemist and pharmaceutical giant, has avoided more than £1 billion in tax since it went private six years ago through taking on excessive debts, profit shifting and corporate restructuring. This report, Alliance Boots & The Tax Gap, published by War on Want, Unite the Union and Change to Win, exposes the full scale of Boots’ tax avoidance for the first time.
At a time when Alliance Boots is trying to sell additional services to the NHS, the lost tax revenue from Alliance Boots has tangible effects on the British public. Using the tax Alliance Boots avoided, the government could have funded:
1. More than two years of total prescription charges for all of England.
2. The starting salary of more than 78,000 NHS nurses for a year– roughly 120 additional nurses each constituency.
3. Over 185,000 hip replacements.
4. More than 5 million ambulance call outs.
What a bunch. These tax avoidance loopholes should be denied to companies operating in the UK. Boots is only one of a huge number of tax dodging enterprises. Many of them provide financial support to the Tory party. Vote, “Yes” in the referendum so that Scotland will be enabled through independence to ensure tax collection is applicable to all.