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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 nly on Thursday June 03, 2021 @09:38AM (#27381120)
Do most Americans have to do their own taxes?

It boggles my mind that this is the case.

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Re:Microsoft Irish subsidiary paid zero corporate tax on £22... by neilwilson on Thursday June 03, 2021 @12:00PM (#27383335)
They do.

The UK PAYE (Pay as You Earn) system has a 1% tax gap[1] compared to 12.9% on income tax and 7% on corporation tax.

It's extraordinarily more efficient to tax at source.

[1]The percentage tax gap is the tax gap pound value as a proportion of theoretical liability, where theoretical liability is defined as the tax gap plus the amount of tax actually received.

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