Six of the world’s biggest companies paid just 0.3 per cent of their UK earnings in corporation tax last year, a Sunday Mirror probe has found.
We have examined the UK accounts of Apple, Facebook, Amazon, Google, Ebay and Starbucks and found the six firms have reported a total of £2.6billion of revenue in the last year.
But many more billions of pounds of sales from the UK are recorded every year by sister companies – often located in tax havens like Luxembourg and Switzerland.
Industry analysts estimate true UK sales of the six at £14.2billion. Yet they paid £41.3million in UK corporation tax – just 0.3 per cent.
We have also uncovered a £9billion black hole in UK corporation tax, helped by new rules brought in by George Osborne. Full story...
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We have examined the UK accounts of Apple, Facebook, Amazon, Google, Ebay and Starbucks and found the six firms have reported a total of £2.6billion of revenue in the last year.
But many more billions of pounds of sales from the UK are recorded every year by sister companies – often located in tax havens like Luxembourg and Switzerland.
Industry analysts estimate true UK sales of the six at £14.2billion. Yet they paid £41.3million in UK corporation tax – just 0.3 per cent.
We have also uncovered a £9billion black hole in UK corporation tax, helped by new rules brought in by George Osborne. Full story...
Related posts:
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