Microsoft, one of the world’s richest companies, has avoided up to £100m
a year in UK corporation tax by booking billions of pounds of sales in Ireland
under a confidential deal with the British tax authorities.
More than £8bn of revenues from computers and software bought by British
customers has been sent to Ireland since 2011. The corporation tax rate in
Ireland is 12.5%, compared with 20% in the UK.
The Sunday Times has established that key parts of Microsoft’s offshore
structure — which eventually leads to Bermuda — were approved by HM Revenue
& Customs (HMRC) in an agreement signed in...
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