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Largest companies double provisions for tax disputes

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FTSE 100 companies put aside a total of £2.69bn to cover the cost of tax litigation in 2016, according to figures compiled by Thomson Reuters. This represents a 62% increase over 2015.

Pharmaceutical companies set aside the most, making provisions of £1.67bn (64% of the total).

FTSE 100 companies put aside a total of £2.69bn to cover the cost of tax litigation in 2016, according to figures compiled by Thomson Reuters. This represents a 62% increase over 2015.

Pharmaceutical companies set aside the most, making provisions of £1.67bn (64% of the total).

Issue: 1369
Categories: News
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