20% tax!

[Nobby]

If Adultwork are making £11 million a year, how come they only paying 20% tax?

[admin]

Hi Nobby, without looking it up I dont remember if AW is Cyprus based, IOM based or a Caribbean based company at present, it changes over the years, as such without looking it up im not certain what the tax brackets are for those countries and there is legitimate ways of reducing tax to the lowest bracket.

Do you have any further reading sources for me to look at please?

Thanks