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So according to Starmer it is going to be a “painful budget”. A reminder that it is only painful for us little people and that is only because the big people want it to be painful for us

Also a reminder that 7 large tech groups were estimated to have dodged £2bn in UK tax in 2021 after making an estimated £15bn of profit from selling to UK customers. They moved their profits out of the UK so that they were only liable for UK taxes of around £753m.

“TaxWatch estimates that without these [tax] structures these 7 companies would have paid around £2.8bn in UK tax and that by using them they may have avoided tax of roughly £2.0bn” - more here taxwatchuk.org/seven-la…

Aug 28, 2024
at
7:13 AM

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