Care home operators accused of extracting 'disguised' profits

Many firms are based in tax havens and have questionable finances, says thinktankCare home operators are making up to £1.5bn a year in profits, which include fees to directors and an array of questionable financial arrangements, according to research undertaken by a thinktank.Many of the firms that provide most of the UK’s 465,000 care home beds are owned or backed by hedge funds, while some of the biggest are based in overseas tax havens. Continue reading...