Thames Water to shut Cayman Islands subsidiaries under new chairman

UK’s largest water company, which has not paid corporation tax in the UK for the last 10 years, to review business Thames Water has appointed the former SSE boss Ian Marchant as chairman to spearhead a review of the business, including closing the company’s controversial Cayman Islands subsidiaries.
Britain’s biggest water and wastewater services company, which has not paid corporation tax in the UK for the past 10 years, said there was no tax advantage from its two Cayman subs