It's simple really, taxes should be paid where sales are made/funds raised. If they don't want to make money from us, then they can always **** off.
Just added the DuckDuckGo extension to Chrome, so that's one Google product out of the way, now I need to find a browser I like to replace Chrome.
Oh there are results alright - Messi , Bermuda etc all come up but strangely no mention of Google - it does appear under tax avoidance though obviously Tax avoidance is good buisness practice whereas tax evasion is illegal unless of course your tax avoidance strategy contains breaches of the law
Dave - as an accountant can you tell me. Assume my company has hundreds of staff in the uk and I pay wages and national insurance and bills and stuff. But my company makes no sales in the UK. Do I get a check back from the treasury for 20% of my "losses" in the UK from the govt. Or do I have to have actually made sales in the UK at some point to claim this tax back.
At its most straightforward, if you have a loss you can set the loss against profit generated in the previous year and if you have paid tax in that year, obtain a repayment. You can also carry the loss forward against future profits. You can also set them sideways against group companies in the same year. As for using them against foreign group companies that's one I'm not sure about.
So keeping it simple again - assuming all my group companies are equally "evading tax" by making sales in Ireland and my company has always "evaded" tax all my costs that I have incurred in the UK which would have qualified for tax relief I could very well be getting no tax relief on my costs at all - not even in the country I "made" the sale. And then if my shareholders are in the UK and I pay a dividend - I'm assuming that my shareholders dont' get the tax credit voucher and so have to pay income tax at the full amount? I bet them tax evasion planners get a right fecking headache working out whether it's worthwhile or not.
Avoiding not evading. Yes it is a headache but it's one that the planners get a hell of a lot of money for.
The irony of MP's bitching over companies using legal loopholes to avoid tax due the ridiculous tax framework in this country.
