On 30 November 2021 we launched the 17th annual survey of the tax contribution of the 100 Group.
The report showed that, with the help of government backed support packages, big business not only survived the COVID pandemic, but bore much of the ‘cost’ of it too – maintaining levels of employment and tax contributions despite a significant decline in profitability.
The 100 Group express caution around the forecast incremental revenue from the OECD’s BEPS global minimum tax initiatives, which seem at odds with our member expectations, a majority of whom expect to pay ‘nil or negligible’ incremental tax.
The 19th annual TTC survey shows that the FTSE100 continue to generate 10% of total government receipts with a total tax contribution of £90 billion (taxed paid and collected by the FTSE 100).
Research and Development (R&D) tax relief –consultation on a single merged scheme.