Apple and Meta among 7 giants that dodged $2.4 billion in UK tax, think tank says

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Apple and Meta among 7 giants that dodged $2.4 billion in UK tax, think tank says
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Sebastian, a veteran of a tech writer with over 15 years of experience in media and marketing, blends his lifelong fascination with writing and technology to provide valuable insights into the realm of mobile devices.

There’s a think tank called TaxWatch – its main purpose is to conduct forensic research and analysis on tax avoidance, tax policy, and tax law.mentions seven of the big tech names – Apple, Microsoft, Meta, Amazon, Adobe, Cisco, and Google owner Alphabet. Guess what? According to the TaxWatch report, they dodged $2.4 billion in UK taxes in 2021 ”.

“The international tax rules were developed when trade was based on trading manufactured tangible goods, whereas we now have a services-based digital economy where data, algorithms, and AI are delivering much more profit”, said TaxWatch director Claire Ralph.A discussion is a place, where people can voice their opinion, no matter if it is positive, neutral or negative.

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