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Old 07-05-2012, 12:53   #1
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http://www.bbc.co.uk/news/business-17625874

Should the government be getting companies like Amazon, to pay corporation tax? Apart from the legal loophole, why shouldn't they pay it?

If companies like these did pay the tax they owe (morally, I know legally it's a minefield) then I wonder what better shape our tax receipts would be in?
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Old 07-05-2012, 14:05   #2
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Of course they should pay tax, the fact massive corporations get out of it is a fucking joke. We need to cut the deficit and ignoring tax avoidance means we cut where we probably wouldn't have to if we simply collected the tax. IIRC we'd only have to cut about a third of what we are if we actually collected tax properly.
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Old 07-05-2012, 14:13   #3
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Originally Posted by Stagflation View Post
Of course they should pay tax, the fact massive corporations get out of it is a fucking joke. We need to cut the deficit and ignoring tax avoidance means we cut where we probably wouldn't have to if we simply collected the tax. IIRC we'd only have to cut about a third of what we are if we actually collected tax properly.
Think this about one of the few times I agree with Stag : yes:
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Old 07-05-2012, 14:16   #4
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Say we do tell Amazon the rules are changing, and their UK profits will be taxed. Would they really withdraw from the UK? I'm not convinced they'd cut off their nose to spite their face tbh, they'd just take the hit. Probably negotiate with HMRC not to jump right to 10% straight-away or something, do it in phases so they can adjust*



*UK directors have to buy less yachts
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Old 07-05-2012, 15:24   #5
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I agree, provided they still make a fair profit what would be the point of leaving?

You'd need to adjust the rules in such a way as they have to declare every transaction though to stop them shipping funds to the swiss and then claiming they made the profit there.
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Old 07-05-2012, 21:18   #6
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I don't see the point of making life tougher for a retailer. They use lots of uk retailers thru their site, and couriers, and post office, and uk distributon centres

We could try to make the uk more appealing to large companies if we want them here.

There are bigger cunts out there... They often say 'rah rah rah', you've met them I'm sure.
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Old 07-05-2012, 21:19   #7
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We don't want them here.
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Old 07-05-2012, 21:20   #8
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So don't go wanting their tax!
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Old 07-05-2012, 21:20   #9
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So don't go breakin my heart
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Old 08-05-2012, 23:04   #10
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