LONDON: Tech giant Microsoft has avoided billions in taxes in Britain, Australia and New Zealand, all countries where it has lucrative public sector contracts, because of its...
LONDON: Tech giant Microsoft has avoided billions in taxes in Britain, Australia and New Zealand, all countries where it has lucrative public sector contracts, because of its complex corporate structure, a study published Thursday claimed.The company, which insists it respects local laws and regulations everywhere it operates, was starving the public purse of much-needed revenue while receiving taxpayer cash, the Center for Corporate Tax Accountability and Research said.
'It does not seem credible that these wealthy markets are underperforming so dramatically,' he said, calling 'this type of discrepancy... a huge red flag for tax avoidance.''Microsoft starves the public sector of much needed revenues' while it 'makes billions as a government contractor, with contracts at all levels of government and in virtually every country,' Cictar said.In the past five years, Microsoft has signed public contracts worth at least $3.
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