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Darragh MacIntyre

James Oliver

Panorama: The Truth About Tax

The Truth About Tax

14/05/2012

BBC One - Panorama, The Truth About Tax

Panorama investigates how some of the UK's most famous companies save millions in tax.

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.

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?

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