UK: Leahy lambastes government, insists Tesco’s taxes are too high
Terry Leahy, CEO of Britain's largest supermarket group, has attacked the government for its proliferation of red tape blocking Tesco 's demands for cuts in the taxes it claims are excessive. Tesco posted profits in excess of £1bn (US$1.41bn) earlier this year, but Leahy maintains that the taxes the group pays effectively add up to 51%.
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