Major tobacco companies pay almost no corporation tax despite massive profits

The world’s four major tobacco companies - two of which have HQs in the UK - are paying minimal UK corporation tax despite enormous reported profits, according to findings from new research published in the Journal of Public Health. The study, authored by researchers at the University of Bath, suggests that the UK needs far better reporting standards for corporation tax in order to hold tobacco companies to account in meeting the enormous public health costs caused by their deadly product.
Read more: https://www.bath.ac.uk/announcements/major-tobacco-companies-pay-almost-no-corporation-tax-despite-massive-profits/?source=Snapzu