This new report reveals that UK care homes shift profits offshore while charging thousands of residents £200 in daily fees.
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Ownership through tax havens enables the more than 60 care homes to report losses in the UK while foreign investors make a killing in a sector subsidised by public spending. COVID-related deaths in UK care homes have exposed the need for major reforms which must include greater financial transparency to ensure that care is prioritised over profit.
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A new report revealing how global aged-care corporation Revera dodges its taxes demonstrates the urgent need for returning care to public hands and increased tax transparency
