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Keyword: zerotax

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  • Zero tax bill for UK big six

    01/31/2016 4:22:43 AM PST · by Enlightened1 · 14 replies
    The Sunday Times ^ | 01/31/16 | Jon Ungoed-Thomas
    AT LEAST six of Britain's 10 biggest multinationals -- including Shell, British American Tobacco (BAT) and Lloyds Banking Group -- paid no UK corporation tax in 2014 despite combined global profits of more than £30bn. The disclosure comes as the Tories are embroiled in a row over a deal with Google that allowed it to pay just £130m in corporation tax since 2005. The other companies that paid no UK corporation tax in 2014 were Lloyds, brewer SABMiller and drugs company AstraZeneca. BP and drugs company Glaxo Smith Kline (GSK) declined to reveal how much UK corporation tax they paid,...