Wednesday, April 17, 2013

German owned energy giant Npower has not paid ANY corporation tax in the UK for three years

Energy giant nPower has admitted paying no UK corporation tax for three years despite making £766million in profits.

The revelation emerged yesterday during fierce questioning of the company's chief executive by MPs.

NPower joins Amazon, Google and Starbucks in coming under fire for making millions in Britain while contributing little to the Treasury's coffers.
The company's average dual fuel bill has risen by £257 in just two years – leaving households facing punishing annual payments of £1,352.

In theory, the £766million profits for the period 2009 to 2011 could have generated a tax bill of £200million rather than staying wholly with German parent company RWE and its shareholders.