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Npower feels the heat after accusations of UK tax avoidance
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Npower feels the heat after accusations of UK tax avoidance
With Npower accused of avoiding tax at the same time as hiking prices, some consumers are taking matters into their own hands. Npower has become the latest firm to feel the heat of a mass consumer boycott after thousands of its gas and electricity customers said they plan to switch supplier to protest at its tax affairs. In April, chief executive officer Paul Massara revealed in the House of Commons that his company had paid almost no corporation tax between 2009 and 2011. When it later emerged that the energy giant had used a Maltese company to transfer funds between it and its parent firm, RWE, experts suggested there was no other reason to do this except to reduce the firm's tax liability....Read more hereTags: None
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