by Alex Dunnagan | Jun 8, 2021
TaxWatch analysis shows that package agreed at the G7 would lead to a tax cut for tech companies subject to the Digital Services Tax On Saturday 5th June G7 finance ministers announced an agreement on changing the tax rules for global multinational companies. The deal...
by Alex Dunnagan | Jun 2, 2021
£45.4bn in revenues £9.6bn in profits £296m in tax paid £1.5bn in tax avoided Eight large tech companies in the UK made an estimated £9.6bn in profit from sales to UK customers in 2019, a new analysis by TaxWatch shows. But by moving money out of the UK, these...
by Alex Dunnagan | Jun 2, 2021
2nd June 2021 Introduction and Summary The UK market is an extremely important market for US based technology companies. These well known companies realise substantial sales in the UK and as such are some of the most significant economic operators in our country. For...
by Alex Dunnagan | Apr 29, 2021
On Monday 19 April MPs met to scrutinise the Finance (No. 2) Bill in a committee of the whole house. In the debate, TaxWatch’s research into “super-deductions” featured prominently, as MPs sought to amend the legislation to ensure some companies were excluded from the...
by George Turner | Mar 4, 2021
Coming in at an enormous £12bn for 2021/22, the Chancellor’s announcement of a “super-deduction” on purchases of capital goods by businesses was one of the largest spending items in the Spring Budget. In fact, it was one of the largest single-year tax giveaways ever...
