Despite the impending recession, Westminster has not taken the move to devise rules to ensure this doesn’t drive the spread. Wales and Scotland have now both denied bailouts to companies using tax havens, while England is continue to enable powerful corporations to divert profits from state coffers despite the impending recession.
This Independent article from 2019 tells how. The Silicon Six are equally culpable as well as major retailers. In 2010 well targeted protesters caused Philip Green’s Top Shop to close its Oxford Street store and Vodaphone. Another dodger, Thomas Cook has gone under. The negative PR from tax evasion, costing the UK £70 billion a year, could cost businesses more than paying their fair share.