M&S criticised over transfer pricing

 

Marks & Spencer has won a tax case in the UK Supreme Court as it became the most recent large company to be criticised for its tax arrangements.

The UK retailer won a court case, Commissioners for Her Majesty’s Revenue and Customs v Marks & Spencer, easing restrictions on its ability to claim tax relief from losses at its now-defunct German and Belgian subsidiaries.

The country’s highest court rejected an appeal by...

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