I don't know the current corporation tax position re South West Airports Limited (SWAL), the holding company that owns Bristol Airport for its sole owner, Ontario Teachers' Pension Plan.
The Stop Bristol Airport Expansion group (SBAE) - they no longer seem to be active on the Internet having once had a significant website - publicised the fact that in 2007 SWAL had made a profit around £25 million but had paid no corporation tax because (according to SBAE) the profit had been written off to repay shareholder loans.
In 2007 SWAL's shareholders would have been Teachers and part of the Macquarie Group.
I have no reason to think that whatever they did was illegal, otherwise the taxation authorities would have been on to it; whether the practice has continued at SWAL since then I don't know.
Last edited by MerchantVenturer; 18th Jul 2015 at 10:40.
Reason: syntax