These Boots were made for walking - with our tax $ to Switzerland
UK Uncut claims that since Boots, bought out by private equity firm Kohlberg Kravis Roberts in 2008, moved its headquarters to Switzerland, the tax it pays has dropped from 33% to 3%, saving £150m a year.
Now we see, as reported in the Mail, Cancer sufferers 'to be given chemotherapy at branches of Boots' in extraordinary shake-up of NHS. Such measures could extend to phlebotomy and other services. It's not a spoof; apparently, negotiations are being conducted via 'secret talks'.
"According to a source at Boots, in branches with more than one floor most of the turnover comes from the ground floor...The company believes it would be more profitable if it dedicated its upper floors to medical services."So, to state the blindingly obvious: Boots dodges £millions in taxes on profits via tax havenry, while a chunk of those profits is increasingly generated from taxpayer-funded services.
Recently announced radical reforms will lead to 24,000 NHS management staff being made redundant. Widely reported NHS cuts lead to massive deterioration in services. (Richard Murphy commented here; see also this excellent short video on the NHS.)
UK Health Secretary Andrew Lansley said the aim was to deliver ‘a service tailored to an individual’s need’. But what is actually going on behind closed doors amongst the power-elite? Who amongst us is going to join the cry out at the Emperor's new clothes?