Darkness at Sunrise: UK Care Homes Shifting Profits Offshore?
Placing the profit motive at the heart of the social care system in the UK undoubtedly contributed to increased infection rates and raised the death toll. Under-staffing and low pay are one side of profit maximisation. The other side, largely unseen, is aggressive tax avoidance in a sector heavily reliant on a public funding.
This report, developed by CICTAR in partnership with Public Services International (PSI), outlines how three UK care home operators (Sunrise, Gracewell and Signature Senior Living) collect hundreds of millions of pounds in resident fees, while shifting profits offshore through complex corporate structures and tax haven subsidiaries.
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