NEWS & MEDIA
The BBC has set aside up to £12m to pay off the past tax liabilities of BBC presenters being pursued by HMRC for tax avoidance, the latest BBC annual report has revealed.Read more...
Starbucks’s London based HQ for its Europe, the Middle East and Africa (EMEA) division made profits of over $1.1bn in 2018, but paid just $27m in tax after over $1bn of non-UK income was exempted from tax. Is that just the international tax system working as it should – or is it a sign that the UK has now become a tax haven for large US multinational corporations and their activities overseas?Read more...
TaxWatch’s Director, George Turner, wrote an op-ed for the Independent setting out why the government’s recent Tax Gap figures should be treated with caution. The article sets out how the government’s estimates of tax avoidance vastly underestimate the true scale of the problem. The full article can be accessed here:Read more...
TaxWatch responds to HMRC’s latest “Tax Gap” figures – in cash terms the highest on record.Read more...
TAX WATCH INVESTIGATIONS
A Question of Royalties
A practical solution to the problem of taxing international tech companies in the UK
For ten years tax avoidance by large multinational technology firms has been at the top of the global political agenda, but so far no effective solutions have been found. In this paper TaxWatch UK sets out a proposal that will ensure that tech companies operating in the UK are properly taxed on their profits.
The government tax break worth £100m+ for Heathrow
For years Heathrow made billions in operating profit, but paid nothing in tax. We reveal how OECD attempts to tighten up the tax system have been undermined by the UK government, giving the shareholders of Heathrow a benefit worth more than £100m a year.
Corporate Tax and Tech companies in the UK
Still Crazy after All these years
Our first report – looking at 5 of the world’s largest tech companies operating in the UK – Google, Microsoft, Apple, Facebook and Cisco Systems.
These companies have a reputation for aggressively avoiding tax. Measured in billions of dollars these titans of the US make massive profits but pay relatively little tax in the UK.
We have estimated the UK revenues and profits of these companies and calculated the tax they might have been expected to pay, if those profits were reported in the UK.
WHAT WE DO
Tax Watch UK is an investigative think tank which aims to broaden public participation in the debate on tax. We monitor and report on the tax payments of large companies working in the UK, and research tax strategies used by companies and wealthy individuals. Our aim is to provide the unbiased and independent information necessary to allow the public to hold the government and major tax payers to account. We also analyse and put forward policy proposals for improving the tax system with the goal of creating a fairer tax system for all.
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