Chevron’s corporate structure in the UK should ring alarm bells about aggressive tax minimisation and may provide an example of how multinationals, particularly other oil companies, defraud the UK public.
The UK should immediately adopt public country by country reporting for all multinationals and launch a parliamentary inquiry into the oil and gas industry’s tax haven ties.
UK consumers paid 6 times more tax on petrol, excluding VAT, than the oil and gas industry paid on all taxes on North Sea oil and gas production.
£120 billion in uncollected taxes would pay for the entire NHS budget or Education & Transport budgets combined.
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