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09 Jun 2008
Large British companies pay more tax on the wealth they create than their international counterparts.
An annual value-added scoreboard shows that the 185 top-wealth creating companies in the UK pay 12% of the added value they create in tax, the FT reports.
The German companies paid 6%, the report said, while French and Swiss companies paid 8%.
The figures are set to further fuel the debate on corporate taxation. While the UK has a lower rate than many other large industrial countries, the corporate tax burden as a share of national income is higher in the UK than elsewhere.
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Visitor comments Add your comment
Wealth-creators?
Where is the evidence that these people have actually created the wealth they are appropriating? Your reporting appears to lack rigour.
Posted by: TomTrainer, 10 Jun 2008 | 00:00
No profit, no tax
The company pays tax on wealth it creates. If you are saying it has not created the wealth then surely it would make sense for the company not to pay tax on profits if it didn't create those profits.
Posted by: Paul, 31 Aug 2009 | 00:00