- UK Water companies pay little or no tax on huge profits
- Manipulation Of Your Mind by Government Agenda
- The men who made a killing out of swine flu while we wasted £1bn and were exposed to harmful drugs
- British Jewry Tried To Stop Zionism
- The real Iranian hostage story from the files of Fara Mansoor
- UK Column Live - 13th November 2012
- UK minister in denial on Israel’s nuclear weapons
- UK Column Live - 12th November 2012
- Britain training rebels to assassinate Syrian president
- UK Column Live - 9th November 2012
- Britain must apologise for the Balfour Declaration
- One-fifth of UK workers ‘below living wage’
- How Britain tortured Nazi PoWs: The horrifying interrogation methods that belie our proud boast that we fought a clean war
- BBC misleads MPs over Savile abuse case
- Saddam Hussein linked to Alps killings
You are here
Viagra maker Pfizer pays virtually no corporation tax in UK despite £1.8bn turnover
Pfizer, one of the largest suppliers of drugs to the NHS, avoided paying any corporation tax in the UK last year.
The company behind drugs Viagra and Lipitor produced a whopping £1.8bn turnover on its sales in the UK last year.
However, it posted an operating loss of £46m in 2010 and £59m in 2011 in the UK.
If Pfizer's profit margins in the UK had been similar to average, it would have made a £347m pre-tax profit on its earnings in the country. The firm might have been expected to pay 25% tax to the UK government.
Source and full story: Daily Mail, 10 November 2012
Theme by Danetsoft and Danang Probo Sayekti inspired by Maksimer