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Showing posts with label British taxes. Show all posts
Showing posts with label British taxes. Show all posts

November 04, 2012

Foreign firms could owe UK £11bn in unpaid taxes

Foreign companies, including Starbucks and Google, could be responsible for as much as £11bn in unpaid British taxes, it has been disclosed.HM Revenue & Customs has identified £25bn of unpaid taxes that may have been wrongly withheld by corporations, of which almost 44pc are overseas companies, according to Pinsent Masons, the tax specialists.