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Tax tech firms thriving on pandemic

The Independent looks at some of the companies that have thrived during the lockdown, particularly Amazon, Apple, Microsoft and videoconferencing company Zoom. The paper cites Robert Palmer, director of Tax Justice UK, who says these companies also pay less tax than businesses with a physical retail presence and calls on the Government to hit the tech firms with a windfall tax to help the country rebuild after the pandemic. In the longer term, he says the Government should rebalance the tax system by increasing corporation tax above its current level and crack down on corporate tax avoidance. “Polling shows increasing taxes on multinationals would be really popular with voters, including Conservative voters,” says Palmer. “I think there's a feeling in the business community too that it is important for firms to pay back and contribute.”

Read more: The Independent

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