UK arms firms pay little tax in Saudi arms sale

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.

Yet corporation tax receipts since the war in Yemen began stands at just $40m, something the NGO describes as “pitiful”.

The Saudi-led coalition’s war against Houthi rebels has seen numerous human rights violations take place, rights groups say, and has already claimed the lives of 10,000 civilians according to the UN. A UNICEF tally has put the number of children in need of treatment for malnutrition at 3,000,000.

According to its own figures, the UK government granted arms export licences to Saudi Arabia consisting of just under $3bn worth of aircraft, helicopters and drones. This includes the Tornado aircraft, which is partially manufactured by BAE systems; vehicles and tanks, including BAE’s Tactica armoured vehicles valued at $580,000; and $1.48bn worth of grenades missiles and bombs, including Raytheon’s Paveway IV bombs.

UK firms pay ‘pitiful’ tax on vast Saudi arms sale profits