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A comment on Microsoft Irish subsidiary paid zero corporate tax on £220bn profit last year. Parent comment

Re:Microsoft Irish subsidiary paid zero corporate tax on £22... by benjaminwootton on Thursday June 03, 2021 @08:04AM (#27380019)
In the UK you pay a flat 40% over around £45k, no ambiguity whatsoever, then 45% over £150k. Not exactly millionaire status.
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Re:Microsoft Irish subsidiary paid zero corporate tax on £22... by Nextgrid on Thursday June 03, 2021 @08:15AM (#27380136)
150k sounds very low when you take into account this tax rate and the property prices in London.
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Re:Microsoft Irish subsidiary paid zero corporate tax on £22... by ben_w on Thursday June 03, 2021 @08:54AM (#27380510)
London property is considered abnormally expensive in the U.K., and £150k is only slightly less than the £157k which the Prime Minister earns.

Median U.K. income is £29,400: https://en.wikipedia.org/wiki/Income_in_the_United_Kingdom

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Re:Microsoft Irish subsidiary paid zero corporate tax on £22... by zelos on Thursday June 03, 2021 @09:07AM (#27380675)
To be fair, though, the prime minister's salary is generally a drop from whatever job they would be doing instead (making no comment on whether that's right or wrong). Same with judges, I believe.
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Re:Microsoft Irish subsidiary paid zero corporate tax on £22... by zelos on Thursday June 03, 2021 @08:51AM (#27380489)
You also lose your personal allowance between £100-125k, which bumps up the effective tax rate.
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