Image:
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...
To continue reading this article...
Join Computing
- Unlimited access to real-time news, analysis and opinion from the technology industry
- Receive important and breaking news in our daily newsletter
- Be the first to hear about our events and awards programmes
- Join live member only interviews with IT leaders at the ‘IT Lounge’; your chance to ask your burning tech questions and have them answered
- Access to the Computing Delta hub providing market intelligence and research
- Receive our members-only newsletter with exclusive opinion pieces from senior IT Leaders
