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Businesses with tax haven links ‘won one in six’ UK public procurement contracts


Eldorado
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Businesses linked to tax havens were the winners of one in every six public procurement contracts issued by government across a five-year period, new analysis has reportedly found.

Labour criticised what it called a “Tory procurement racket” while others called the figures a “scandal”.

The Fair Tax Foundation analysis looked at public procurement contracts issued by the UK government between 2014 and 2019.

It found 17.5 per cent of successful bidders were at least partly domiciled in a tax haven, including the British Virgin Islands, Panama and Jersey.

These contracts were worth £37.5 bn in total, according to Fair Tax Foundation.

https://www.msn.com/en-gb/news/uknews/businesses-with-tax-haven-links-e2-80-98won-one-in-six-e2-80-99-public-procurement-contracts/ar-AA12bXBx

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