{"id":11861,"date":"2023-10-16T08:38:25","date_gmt":"2023-10-16T06:38:25","guid":{"rendered":"http:\/\/costops.com\/index.php\/2023\/10\/16\/uk-lost-out-on-2bn-in-tax-in-2021-as-big-tech-shifted-profits-abroad-claim-campaigners\/"},"modified":"2023-10-16T08:38:25","modified_gmt":"2023-10-16T06:38:25","slug":"uk-lost-out-on-2bn-in-tax-in-2021-as-big-tech-shifted-profits-abroad-claim-campaigners","status":"publish","type":"post","link":"http:\/\/costops.com\/index.php\/2023\/10\/16\/uk-lost-out-on-2bn-in-tax-in-2021-as-big-tech-shifted-profits-abroad-claim-campaigners\/","title":{"rendered":"UK lost out on \u00a32bn in tax in 2021 as big tech shifted profits abroad, claim campaigners"},"content":{"rendered":"<p>TaxWatch analysis estimates British arms of seven major tech firms paid \u00a3750m in corporation tax instead of possible \u00a32.8bn<\/p>\n<p>The UK might have missed out on as much as \u00a32bn in tax in 2021 from big tech companies shifting their profits elsewhere, according to an estimate by a group campaigning for greater tax transparency.<\/p>\n<p>Seven of the biggest US-headquartered tech companies, including Apple, Microsoft and Google owner Alphabet, are estimated to have paid \u00a3750m in UK corporation tax and the digital sales tax, compared with \u00a32.8bn in estimated tax due had profits not been routed elsewhere, according to TaxWatch, a campaign group.<\/p>\n<p> <a href=\"https:\/\/www.theguardian.com\/business\/2023\/oct\/16\/uk-lost-out-on-2bn-in-tax-in-2021-as-big-tech-shifted-profits-abroad-claim-campaigners\">Continue reading&#8230;<\/a><br \/>\n<img src=\"https:\/\/i.guim.co.uk\/img\/media\/72706743f9953ce1da38ed9a9f4f9f31fd4c7035\/19_86_2007_1204\/master\/2007.jpg?width=140&amp;quality=85&amp;auto=format&amp;fit=max&amp;s=8f2a31b4f2f6c0b7076db7d828c7f1c9\" title=\"UK lost out on \u00a32bn in tax in 2021 as big tech shifted profits abroad, claim campaigners\" \/>TaxWatch analysis estimates British arms of seven major tech firms paid \u00a3750m in corporation tax instead of possible \u00a32.8bn<br \/>\nThe UK might have missed out on as much as \u00a32bn in tax in 2021 from big tech companies shifting their profits elsewhere, according to an estimate by a group campaigning for greater tax transparency.<br \/>\nSeven of the biggest US-headquartered tech companies, including Apple, Microsoft and Google owner Alphabet, are estimated to have paid \u00a3750m in UK corporation tax and the digital sales tax, compared with \u00a32.8bn in estimated tax due had profits not been routed elsewhere, according to TaxWatch, a campaign group. Continue reading&#8230;Technology | The Guardian<\/p>\n","protected":false},"excerpt":{"rendered":"<p>TaxWatch analysis estimates British arms of seven major tech firms paid \u00a3750m in corporation tax instead of possible \u00a32.8bn The UK might have missed out on as much as \u00a32bn in tax in 2021 from big tech companies shifting their profits elsewhere, according to an estimate by a group campaigning for greater tax transparency. Seven &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"http:\/\/costops.com\/index.php\/2023\/10\/16\/uk-lost-out-on-2bn-in-tax-in-2021-as-big-tech-shifted-profits-abroad-claim-campaigners\/\"> <span class=\"screen-reader-text\">UK lost out on \u00a32bn in tax in 2021 as big tech shifted profits abroad, claim campaigners<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":0,"featured_media":11862,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/11861"}],"collection":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/comments?post=11861"}],"version-history":[{"count":0,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/11861\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media\/11862"}],"wp:attachment":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media?parent=11861"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/categories?post=11861"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/tags?post=11861"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}