Big firms pay LESS corporation tax than they did 12 years ago, research reveals

Publicado: enero 3, 2013 en Uncategorized

 

Large companies paid a total of £21billion in the year to April – but that was £5billion less than in 2000/01, research shows

Protests: Starbucks has been targeted by campaigners
Protests: Starbucks has been targeted by campaigners
Getty

BIG firms are paying less in corporation tax than they did 12 years ago.

Large companies paid a total of £21billion in the year to April – but that was £5billion less than in 2000/01, research shows.

Over the same period companies’ profits rose 65% to £329billion.

The findings follow fury over how little overseas firms such as Starbucks, Google and Amazon pay.

Reuters’ study used data from HM Revenue and Customs and the Office for National Statistics.

The drop in tax is partly due to a 4% fall in the tax rate.

But John Christensen, of the Tax Justice Network, said: “These figures tell a more powerful story than any I have seen so far.”

 

http://www.mirror.co.uk/money/city-news/big-firms-pay-less-corporation-1508079

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