UK lost £2bn in Big Tech tax

TaxWatch says lack of transparency underscores need for by-country reporting

clock • 3 min read
Big Tech profit shifting reduced UK tax bill by over £2 billion in 2021, claim campaigners
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Big Tech profit shifting reduced UK tax bill by over £2 billion in 2021, claim campaigners

New estimates reveal the UK may have missed out on as much as £2 billion in tax revenue in 2021, as major tech firms shifted their profits abroad.

Campaign group TaxWatch analysed the contributions of seven of the largest US-headquartered tech firms - Microsoft, Amazon, Alphabet, Apple, Meta, Adobe and Cisco - and found that they paid only £7...

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