Monday, February 02, 2015

Six firms including Google and Facebook made £14BILLION last year but paid just 0.3% UK tax...

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...

Related posts:
  1. Call to boycott Amazon for avoiding taxes...
  2. Coffee chain Caffe Nero hasn't paid a penny in corporation tax despite...
  3. Robbery of the Century: tax evasion...
  4. 'Google is cheating British taxpayers out of millions...
  5. Are you paying Facebook's taxes? Again...

No comments:

Post a Comment