• Support MPN
  • Behind The Headlines
Logo Logo
  • Investigations
  • Opinion & Analysis
  • Cartoons
  • Podcasts
  • Videos
  • Language
    • 中文
    • русский
    • Español
  • Support MPN

Amandla Thomas-Johnson

UK Weapons Peddlers Pay ‘Pitiful’ Tax On Vast Saudi Arms Sale Profits

A new report says arms firms, including BAE Systems, made more than $775bn in first two years of Yemen war but paid just $40m in tax.

September 19th, 2017

By
    Amandla Thomas-Johnson
  • Telegram
A protestor dressed as Queen Elizabeth II is watched by the police at the Mall, London, during the state visit of King Abdullah of Saudi Arabia. A small group of protestors chanted slogans and waved banners highlighting the countries human rights record and the financial scandal over the his countries contract with British company BAE. Tuesday, Oct. 30, 2007. (AP Photo/Simon Dawson)

The UK arms industry has generated hundreds of millions of dollars in profits from its dealings with Saudi Arabia during the conflict in Yemen, but the UK government has received just $40m of corporation tax, a new report says. The report, released by children’s charity War Child, claims that corporations, including BAE systems and Raytheon,

Read Full Article

Be Sociable, Share!

  • Contact Us
  • Archives
  • About Us
  • Privacy Policy
© 2022 MintPress News