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.
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.