by Alex Dunnagan | Jul 12, 2021
African countries are missing out on significant tax revenues because multinational tech giants are failing to collect and pay VAT on services, according to new research. A new report published by TaxWatch finds that Microsoft, Google and Facebook are not collecting...
by Alex Dunnagan | Jul 12, 2021
12th July 2021 This report is available as a PDF here. Summary Multi-national tech giants such as Facebook, Google, and Microsoft (operating out of their Irish subsidiaries) are failing to collect VAT on sales they make in Africa – even in countries where they have...
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...
