GE Healthcare: US healthcare giant makes fortune from NHS but pays hardly a penny in tax | Health News | Lifestyle | The Independent – via John Gelmini

English: NHS logo

English: NHS logo (Photo credit: Wikipedia)

The Independent reports that one of the biggest suppliers of equipment and testing services to the NHS pays barely any corporate tax in the UK, despite receiving hundreds of millions of pounds a year from medical sales to British clinics and hospitals. In a study of GE Healthcare’s accounts the newspaper suggests that GE has received more money back in tax benefits over the past 12 years than it has paid in, with the taxpayer appearing to be missing out on millions of pounds a year in lost revenues.

Source: GE Healthcare: US healthcare giant makes fortune from NHS but pays hardly a penny in tax | Health News | Lifestyle | The Independent

Whilst attention has in recent years been focused on high technology companies not paying adequate corporation tax, giants like GE have been at the same game for a very long time. GE is one of America’s largest corporations with a wide business portfolio.

John Gelmini

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: