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Water companies 'paying little or no tax'

Water companies 'paying little or no tax'
Three of the country's largest water firms paid little or no tax on their profits last year, according to the Observer. The paper claims Thames Water and Anglian Water paid no corporation tax on profits while Yorkshire Water paid only a few million pounds, despite all three making hundreds of millions of pounds in operating profits and rewarding their executives with large performance-related bonuses. Lib Dem deputy leader Simon Hughes last night accused the firms of using "highly questionable" financial arrangements.

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