An affront to our 'civilisation' and the human race

[Consumer dude]

It must be wonderful to be a genius..

[Conniff]

[determindator]

I suppose there's always some, maybe I should have said, really wealthy, super rich or oligarch

[tobyjugg2]

Dunno how you worked that out, the poor people, as you call them, pay 20%, the rich pay 40 or 45%. Now I could be wrong, but I think 45% is more than 20%.

 

but tax evasion means they don't actually ever pay that, just like Amazon and Starbucks corporation tax rate is 'officially' 21% here, as 'officially' is the UK arm of Goldman Sacks,

The figures were in the articles for you to see and you could have followed the links rather than just spout your rhetoric.

 

Google how much they actually pay for yourself.

or just read the current headlines (God forbid you should follow up with some effort to confirm the headlines you want to believe) on TAX deal being made by HMRC where they pay a small amount for amnesty on 10 years of nothing paid.

[Conniff]

You can say whatever you want. but when I went to school 45 was more than 20 and I do believe it still is so I can't see what there is to follow up.

[unclebulgaria67]

Did you watch the programme on BBC2 on Friday about the Cayman Islands ? Worth watching !

 

It partly explains what happens when international law allows tax avoidance i.e offshoring profits to no or low tax countries/areas. There are now tens of thousands of companies who route their accounts via the Cayman Islands, so they pay zero tax on tbe money they transfer there. And that is just the Caymans, where there are many other tax havens around the world.

 

There needs to be international agreement on these tax issues. Otherwise you will end up in a silly situation, where VAT is continually increased, they tinker around with income tax rates depending on voter tolerances etc.

 

I personally believe in having very few tax rates and to simplify the system. E.g no income tax under say £15k, then standard 25p rate for everyone up to say £150k. £150k or more a 35p rate. NI at a standard rate on all income above say £3k. The Treasury can work out a simpler system, so they don't need rules the size of a dozen telephone directories.

 

If government can obtain the £30 + billion missed tax per year from companies, they will be better off and not have such difficult decision to make on personal tax/spending.

[tobyjugg2]

Its the same systems as the banks, and Starbucks and Google etc use

 

In 2014, I paid more income tax in the UK than the following multi-billion pound businesses paid in UK corporation tax (as did everybody who paid any income tax at all):

 

JP Morgan, Bank of America Merrill Lynch, Deutsche Bank AG, Nomura Holding and Morgan Stanley make billions in profit in Britain – but analysis reveals their UK arms paid not a penny of business levy in 2014

 

http://www.independent.co.uk/news/business/news/five-of-worlds-biggest-investment-banks-pay-no-uk-corporation-tax-a6783716.html

[Consumer dude]

Is it true that google are only paying 3% tax, if so isn't that just an insult to ordinary people ?

[AndyOrch]

Is it true that google are only paying 3% tax, if so isn't that just an insult to ordinary people ?

 

I think this is already being discussed here CD...so have merged your thread

 

Andy

[Conniff]

Is it true that google are only paying 3% tax, if so isn't that just an insult to ordinary people ?

 

It was a bigger insult when Labour were in, they didn't pay anything then.

 

Labour has no right at all to make any form of complaint about the amount and if it is correct or not.

[Peterbard]

% of google's income is a lot of money, I think that when income starts getting into telephone numbers the normal rules of finance no longer apply and other criteria have to be applied, these people and organisations have a massive role in maintaining the stability of the economy.

 

I wonder when I see these figures if anyone has ever worked out the effect of stripping them of their money and distributing it. i am betting very little and the disruption it would cause would far outway any benefits.

[determindator]

France has asked for twice as much as we did, even though the business generated a quarter of the amount there than it did in UK. George is waiting to see if they get it. In my estimation that means we could have asked for over a billion. The deal was £130 mil. Google it:madgrin:

[tobyjugg2]

Google will be paying the UK the equivalent of about 3% Tax as far as we can figure

Italy has just got the equivalent of about 15% out of them

 

Whata mistaka to makea

 

http://www.thetimes.co.uk/tto/money/tax/article4675367.ece

[determindator]

http://www.thesun.co.uk/sol/homepage/features/6891955/We-search-for-answers-from-search-giant-Google.html

 

We should all have the Googly life:-D

[determindator]

UK tax policy and the tax base enquiry

 

http://www.parliament.uk/business/committees/committees-a-z/commons-select/treasury-committee/inquiries1/parliament-2015/tax-policy-base-15-16/

[tobyjugg2]

UK tax policy and the tax base enquiry

 

http://www.parliament.uk/business/committees/committees-a-z/commons-select/treasury-committee/inquiries1/parliament-2015/tax-policy-base-15-16/

 

 

Don't worry, its all in hand now !!!

http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/12095968/George-Osbornes-new-tax-guru-apologises-for-her-bank-lobbying-job.html

[determindator]

Don't worry, its all in hand now !!!

http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/12095968/George-Osbornes-new-tax-guru-apologises-for-her-bank-lobbying-job.html

 

Quite:lol:

[determindator]

https://twitter.com/JolyonMaugham

 

Jo Maugham QC tax tweets

[determindator]

The Vice President of Google on The Andrew Marr show this morn. It's a smug reply from Google but it would be because there's no competition. If we knew these various global businesses were being philanthropic in some way to benefit the people of this country as a whole, we could get justification. Transparency is what we want. We could get justification. We could do with all the specialist equipment available around the world for our health system. We continue to hear of cases where people go abroad for certain procedures because it's not available here. What if all businesses held their money off shore. You will see more of that I think.

[determindator]

Some help from George

 

[determindator]

Taxodus

 

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