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Tax

US companies underpaid £5.6bn in tax, UHY finds

UHY said US companies now account for 48.6% of suspected underpaid tax from all foreign companies operating in the UK

US companies underpaid £5.6bn in UK tax last year, HMRC believes, marking a 14% rise against the amount underpaid the previous year, according to UHY Hacker Young.

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