Duration: 30 minutes
Aggressive tax avoidance was branded "morally repugnant" by the chancellor in the last budget. But what does he mean? Panorama investigates how some of the UK's most famous companies have been using a tax haven at the heart of Europe to save millions in tax.
Armed with a cache of secret documents, the programme reveals how some global names have been getting big tax breaks on billion pound transactions in the tiny country of Luxembourg. They say legal tax efficiency is good news for shareholders. But in these austere times, Darragh MacIntyre asks: is big business paying its fair share?
Major UK-based firms cut secret tax deals with authorities in Luxembourg to avoid millions in corporation tax in Britain, Panorama has found. Read More
BBC News ChannelThu 17 May 2012 04:30 BBC News Channel
BBC OneFri 18 May 2012 00:25 BBC One except Northern Ireland, Wales
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