Sky News reports that Thames Water paid no corporation tax
and received £5M credit from the Treasury, whilst increasing its charges to customers by 6.7%.
Companies are perfectly at liberty to avoid tax. However, given that Thames Water reduces part of its tax bill by tax allowances on its investment program, it is ironic that Thames Water saw leakage of 646 million litres a day, up from 637 million litres (blamed on the cold weather).