Arab Today, arab today lost vat equivalent to cost of london 2012
Last Updated : GMT 14:14:26
Arab Today, arab today
Arab Today, arab today

Lost VAT equivalent to cost of London 2012

Arab Today, arab today

Arab Today, arab today Lost VAT equivalent to cost of London 2012

London - AFP

The amount lost in Value Added Tax (VAT) on the sales of digital services is equivalent to the cost of staging the London Olympics, a report by a top telecoms and digital consultancy claimed Tuesday. The report by Greenwich Consulting estimates that Britain is losing over £1.6 billion a year in VAT on digital services bought from suppliers based overseas, according to figures seen by the Guardian. The study suggests Britain will lose £10 billion between 2008 and 2014, £1 billion more than the official cost of the 2012 Olympics. Britain announced a campaign against \"tax dodgers\" and \"cowboy advisers\" on Monday to claw back £2 billion a year, as lawmakers alleged that multinationals such as Google and Amazon are avoiding huge tax bills. Parliament\'s public accounts committee on Monday released a report after it quizzed senior figures from coffee chain Starbucks, US online retailer Amazon and Internet search giant Google. Margaret Hodge, who chairs the committee, said: \"Global companies with huge operations in the UK generating significant amounts of income are getting away with paying little or no corporation tax here. The report said multinational firms were using complex structures and exploiting tax laws to move offshore profits that were \"clearly\" generated within Britain.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today lost vat equivalent to cost of london 2012 Arab Today, arab today lost vat equivalent to cost of london 2012

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today lost vat equivalent to cost of london 2012 Arab Today, arab today lost vat equivalent to cost of london 2012

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday