War Child

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

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, have made an estimated $775m in profit on $8bn worth of revenue by selling arms to Saudi Arabia between March 2015 and the end of 2016.