{"id":22992,"date":"2013-11-05T13:59:17","date_gmt":"2013-11-05T13:59:17","guid":{"rendered":"http:\/\/www.taxresearch.org.uk\/Blog\/?p=22992"},"modified":"2013-11-05T13:59:17","modified_gmt":"2013-11-05T13:59:17","slug":"if-justin-king-thinks-sainsburys-should-not-tax-avoid-perhaps-he-should-explain-its-tax-haven-subsidiaries","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2013\/11\/05\/if-justin-king-thinks-sainsburys-should-not-tax-avoid-perhaps-he-should-explain-its-tax-haven-subsidiaries\/","title":{"rendered":"If Justin King thinks Sainsbury&#8217;s should not tax avoid perhaps he should explain its tax haven subsidiaries"},"content":{"rendered":"<p><a href=\"http:\/\/www.thetimes.co.uk\/tto\/money\/tax\/article3913370.ece?CMP=OTH-gnws-standard-2013_11_04\" target=\"_blank\">The Times has reported<\/a>:<\/p>\n<blockquote><p>[Justin King,] the head of Sainsbury\u2019s, has lambasted fellow business leaders for failing to treat tax avoidance as a moral issue and for leadership failures that have led to a collapse in trust with the public.<\/p><\/blockquote>\n<p>Maybe <a href=\"http:\/\/www.fairtaxmark.net\/wp-content\/uploads\/2013\/06\/J-Sainsbury-Fair-Tax-company-report.pdf\" target=\"_blank\">he'd like to explain why it has three Cayman Island subsidiaries<\/a> and a Jersey protected cell company plus Hong Kong subsidiaries and an\u00a0Isle of Man insurance company.<\/p>\n<p>He may also like to explain why it does not do\u00a0country-by-country reporting and <a href=\"http:\/\/www.fairtaxmark.net\/wp-content\/uploads\/2013\/06\/J-Sainsbury-Fair-Tax-company-report.pdf\" target=\"_blank\">has such a low effective current tax rate, averaging just 16% over 6 years<\/a> when the average tax rate was 28.4%.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Times has reported: [Justin King,] the head of Sainsbury\u2019s, has lambasted fellow business leaders for failing to treat tax avoidance as a moral issue<br \/><a class=\"moretag\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2013\/11\/05\/if-justin-king-thinks-sainsburys-should-not-tax-avoid-perhaps-he-should-explain-its-tax-haven-subsidiaries\/\"><em> Read the full article&#8230;<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[152],"tags":[],"class_list":["post-22992","post","type-post","status-publish","format-standard","hentry","category-fair-tax-mark"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/22992","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=22992"}],"version-history":[{"count":0,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/22992\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=22992"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=22992"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=22992"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}