We are incorporated and resident in the UK for tax purposes and subject to UK tax law, and will meet those obligations as and when we reach profitability.
Principal beneficiary: Billionaire businessman Richard Branson. .
Despite the company structure, which makes it unlikely to pay any tax in the UK in the foreseeable future, according to Murphy, Virgin Care recently won contracts worth 500m to provide 30 primary care services across England, including GP practices, GP out-of-hours services, walk-in centres.
Circle Holdings plc is another company with strong offshore links, and it is in fact itself a Jersey-registered company with a related British Virgin Islands company owning another part of the Circle operation at present.
An analysis by Richard Murphy, a chartered accountant at Tax Research UK, has found 13 holding companies, some of them offshore, between Virgin Care and its gifts for world history teachers ultimate parent company, based in the British Virgin Islands.Of those companies Bio Product Laboratories (BPL Care UK, Circle, General Healthcare Group (GHG HCA International (Hospital Corporation of America Ramsay, Spire Healthcare, The Practice PLC, UnitedHealth (Optum) and Virgin only two (Ramsay and HCA) pay any significant corporation tax in the UK, and all.Optums links to tax havens including the Cayman Islands through its parent company, are not clear.Sir Richard Branson, reported to have a net worth.7bn, and his family.Networks Discounts Deals, buying a Car Discounts Deals.That holding company is based in the UK but it, in turn, owes money to other parts of the Virgin empire, whose ultimate parent company is in the British Virgin Islands.Observer that while some of the companies can legitimately say they are not recording a profit, there is seemingly a low commitment among them to pay tax in the.He said: What the structure of many of these businesses shows is that tax planning is at the very core of their activities.
The report further finds that Optum UK, a subsidiary of United Healthcare, is bidding for.
The companys latest angus and oink discount code accounts referred to the health and social care bill which has opened the.
Staffordshire-based NHS cancer and palliative care contract worth.2bn.
We understand the hard work you do and the long hours you invest in taking care of others, and we want to make sure youre rewarded for this.Get your hands on the latest iPhone or Samsung, and save money while youre at it!Unite general secretary Len McCluskey said he was also concerned that seven of the firms, including Virgin and GHG, have US subsidiaries or investors, potentially allowing them to use a new EU-US trade deal to prevent the government blocking their future bids or terminating existing.He said: Many of these companies are US companies, or have strong US investment links, which means the government could be prevented from taking their NHS contracts back into the public sector unless the NHS is exempted from the Transatlantic Trade and Investment Partnership.Weve got market-leading mobile offers from top networks to bring you the best discounts on your next handset or sim-only contract, with money-saving offers from EE, O2, Vodafone, Apple and more.
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Richard Bransons group is one of 10 private health providers that have tax havens as part of their corporate structure.