A study conducted by The Center for Corporate Tax Accountability and Research (Cictar) has alleged that the tech giant Microsoft has evaded billions in taxes in Britain, Australia, and New Zealand all nations where it has lucrative public sector contracts due to its complex organisational structure.
Cictar said that the corporation, which maintains that it complies with local rules and regulations wherever it operates, was depriving the public purse of much-needed funds while receiving the taxpayer's money.
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According to the study, Microsoft Global Finance consolidated more than $100 billion in investments and, despite an operating profit of $2.4 billion, paid no tax in 2020.
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