Sunday, April 20, 2008
Tesco sue Guardian
Tesco are now suing the Guardian newspaper, for libel and malicious falsehood.
Tesco claims that the articles alleged it was using offshore banking to avoid paying £1bn in corporation tax, although it admits to using it to avoid paying £50m plus of stamp duty.
The Guardian has reacted by accusing the supermarket giant of using "bullying" tactics designed to stifle legitimate debate. Caroline McCall, chief executive of the Guardian Media Group, has resigned from her 3 year post as a non-executive director of Tesco.
Read Guardian article here , and Financial Times article here.
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