Tax paid by FTSE 100 firms 'falls by nearly a quarter since 2010'

Discussion in 'Market News' started by Lily, Feb 29, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
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    Figures from UHY Hacker Young show companies paid tax equivalent to 23% of their profits, with the pharmaceutical sector paying the lowest average – 13%

    FTSE 100 companies paid tax equal to 23% of their profits last year, almost a quarter less than in 2010, according to figures from accountants UHY Hacker Young.

    Falling corporation tax rates and the use of allowances have driven down the average effective tax rate paid by the UK’s biggest firms, the company said, and the rate looks set to drop further as more cuts come into effect.

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