UK recruiter emerges from insolvency for third time, avoiding millions owed in tax
#UK #recruiter #insolvency #tax #avoidance #millions #regulation
📌 Key Takeaways
- A UK recruitment company has exited insolvency for the third time.
- This process has allowed the company to avoid paying millions in owed taxes.
- The repeated use of insolvency raises questions about corporate accountability.
- The case highlights potential loopholes in tax and insolvency regulations.
📖 Full Retelling
<p>Hampshire business seems to have benefited from ‘phoenixism’, which costs the taxpayer about £800m a year</p><p>A UK recruitment business has been acquired out of administration for a third time in four years as part of a succession of deals that left some of the former management team in place and millions of pounds owed to the public purse.</p><p>The chain of insolvencies appears to contain more examples of phoenixism – a process when companies are liquidated a
🏷️ Themes
Corporate Insolvency, Tax Avoidance
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Original Source
<p>Hampshire business seems to have benefited from ‘phoenixism’, which costs the taxpayer about £800m a year</p><p>A UK recruitment business has been acquired out of administration for a third time in four years as part of a succession of deals that left some of the former management team in place and millions of pounds owed to the public purse.</p><p>The chain of insolvencies appears to contain more examples of phoenixism – a process when companies are liquidated a
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