Vulture capitalists'
unaccountability?
Tax dodges & diversity free
practices under scrutiny
Major UK supermarkets Asda and Morrisons paid zero corporation tax last year after vulture capitalist buyouts. Debt-fuelled private equity structure cuts bill from £200m to nothing, similar to the Sycamore Partners acquisition of Staples and Essendant in 2017. Moreover, UK Government is pressurizing VC's about its shortcomings in diversity eg. lack of women. Analysis here...
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