Olympic Security Provider G4S Paid No U.K. Tax in 2012, NAO Says
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G4S Plc paid no U.K. tax on British revenues of 1.9 billion pounds ($3 billion) in 2012, the year it failed to provide sufficient security for the London Olympics, according to a report from the National Audit Office.
The company, whose Chief Executive Officer Nick Buckles quit this year after the government had to call in the military at short notice to help protect the Olympics, said in a statement that it hadn’t paid tax because of exceptional losses in 2012.