A new report from a tax watchdog claims that between Apple and other major IT firms, the UK may have lost almost $3 billion in tax revenue in 2021 alone.
Apple’s new UK headquarters is in London’s iconic Battersea Power Station
Apple has long been in an ongoing dispute with the European Union over its tax arrangements in Ireland, but now a new study says it has benefited from UK tax laws too. A UK charity called TaxWatch effectively argues that the laws of Britain and other countries do not correctly account for multinational earnings.
Go Here to Read this Fast! Apple accused of avoiding paying UK $700 million in taxes
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Apple accused of avoiding paying UK $700 million in taxes