Despite three years of price hikes, Npower pays no tax
What is their secret? Is it because they keep putting their prices up and rinsing everyone? In part, yes. However, they've got another good business tip - don't pay any tax.
That's rising profits of around £390 million, and no tax to pay! They're laughing all the way to the bank while you try and warm yourself around a cigarette. Of course, Starbucks and Amazon were hugely chided by sections of the public for their lack of tax paying, but Npower are much quicker to defend themselves.
The company’s chief executive, Paul Massara, said they don't have to pay corporation tax in 2009, 2010 or 2011 because it has got relief for investing in wind farms and power plants.
A spokesman for Npower said: "This is in no way tax avoidance, and all of our business is taxable in the UK. We've not paid corporation tax because we've been investing hundreds of millions to keep the UK's lights on." Hands up if you think their staff get taxed to buggery, therefore allowing those at the top to see their company as paying a fair amount of tax?