Moves to force water companies to pay more corporation tax will lead to reduced investment or higher bills, Water UK chief executive Michael Roberts has warned.
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Offshore arrangements
Latest in Offshore arrangements
Anglian Water has requested permission from the Cayman Islands High Court to proceed with the removal of its Cayman Islands subsidiary.
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Environment secretary Michael Gove has accused some water companies of exploiting their monopoly power by “playing the system”.
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Michael Gove has signalled a crackdown on executive pay and offshore financial arrangements to address the “concerning” behaviour of water companies.
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