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International Chairman | 32466 | No Team Selected |
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| Its not just big business that uses intricate accounting methods to disguise their income either...
[urlhttp://www.guardian.co.uk/uk/2011/nov/26/one-hyde-park-council-tax[/url
Can't even get the buggers to pay their council tax...
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International Chairman | 14970 | No Team Selected |
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| Quote McLaren_Field="McLaren_Field"Its not just big business that uses intricate accounting methods to disguise their income either...
[urlhttp://www.guardian.co.uk/uk/2011/nov/26/one-hyde-park-council-tax[/url
Can't even get the buggers to pay their council tax...'"
Don't forget, we're all in it together.
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Club Coach | 14302 | No Team Selected |
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| Quote World of Redboy="World of Redboy"so, you're telling me, if you were running a business, you wouldn't try and get out of paying as little tax as possible then, or are you too pure and moralistic to behave like that?'" So we are not 'all in it together then'.
So if their store gets broken into and the police politely refuse to get involved they would be happy and wouldn't be up in arms seeing as they happily bent rules to reduce what they pay?
Or is it a case that they want their cake and eat it perhaps?
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Quote Him="Him"Some of the offshoring could be stopped immediately if the government grew a pair. The likes of Tesco, Amazon, HMV etc that route their online sales through Guernsey to avoid UK tax could be stopped tomorrow.'"
It was announced last month.
www.hmrc.gov.uk/news/removal-lvcr.htm
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Quote Him="Him"Some of the offshoring could be stopped immediately if the government grew a pair. The likes of Tesco, Amazon, HMV etc that route their online sales through Guernsey to avoid UK tax could be stopped tomorrow.'"
It was announced last month.
www.hmrc.gov.uk/news/removal-lvcr.htm
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International Chairman | 5064 | No Team Selected |
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| Quote Mintball="Mintball"I could be missing something – but I haven't heard businesses complaining about taxation based on attempts to change behaviour, but on taxation in general, which pays for all the things that I mentioned (and many, many more), from which the businesses themselves directly benefit and would suffer without.'"
I don't see the relevance of this.
Quote Mintball="Mintball"So again – why don't they complain about this'"
Because, unless you disagree with the particular policy, there is nothing to complain about. You seem to have gone off on some weird tangent about how using taxation to change behaviour is bad, or I think it's bad, or businesses should think its bad?
Quote Mintball="Mintball"when they complain constantly about 'the tax burden', and spend a great deal of time, energy and expertise avoiding it? Do they employ accountants to look into how they can get their electricity bills reduced, a la Vodaphone with its tax bill? If not, why not?'"
Yes, they do employ people (possibly accountants) to get their electricity bills reduced. Again, businesses do actually negotiate with energy suppliers to get the best deal they can.
Quote Mintball="Mintball"Why is tax the only 'burden' we hear business whinging about?'"
Maybe because you're not [url=http://www.energyadviceline.org.uk/news-and-views/business-group-calls-for-energy-watchdoglistening[/url? Also I suspect businesses mainly "whinge" about energy prices to their energy suppliers as they are the people who can change them.
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So tax relief with a certain intent caused undesirable behaviour and the solution was the change the tax relief. I suppose we could have instead just sat around saying how evil the companies were who took advantage of this tax relief.
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So tax relief with a certain intent caused undesirable behaviour and the solution was the change the tax relief. I suppose we could have instead just sat around saying how evil the companies were who took advantage of this tax relief.
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International Chairman | 26578 | No Team Selected |
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| Quote SBR="SBR"So tax relief with a certain intent caused undesirable behaviour and the solution was the change the tax relief. I suppose we could have instead just sat around saying how evil the companies were who took advantage of this tax relief.'"
Many have been complaining for quite a while mate. It is part of the reason we lost high street media stores both independent and national.
It's a loophole that should have been plugged years ago, it was never designed for the use Amazon et al put it to but to help the channel islands flower exports.
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| Quote SBR="SBR"So tax relief with a certain intent caused undesirable behaviour and the solution was the change the tax relief. I suppose we could have instead just sat around saying how evil the companies were who took advantage of this tax relief.'"
Tesco's on-line media business was kicked out of Jersey by the Jersey authorities, because they added little more than another postbox to the Jersey economy. So they upped sticks and set up in Guernsey and continued business as usual.
These companies make much in their annual reports of their progress in the areas of corporate and social responsibility, maybe it's time they appointed someone in charge of moral responsibility?
Mind you, as the advert says: "Every fiddle helps".
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So price to customers will go up.
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So price to customers will go up.
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| Quote Dally="Dally"So price to customers will go up.'"
Isn't that usually what happens when taxes are applied or increased?
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| Quote Dally="Dally"So price to customers will go up.'"
More like online prices will go back to what they should have been, high street prices should remain the same.
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International Chairman | 18072 | No Team Selected |
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| Quote cod'ead="cod'ead"If we simply stopped taxing businesses alltogether and shifted the burden on to employees, how long before we saw the benefits of the increased investment in the economy? After all, Sal reckons that Tesco uses the money they avoid paying the exchequer by further investing it. None of that money would ever be used to further reward directors or go on increased share dividends would it?
I realise that there's a flaw in my plan: if the tax burden is shifted on to employees, they won't have a lot left to spend in Tesco's but surely Tesco can handle the downturn in business in the short term, while they invest in the economy and pay their employees more, so that they can then go out and spend..
If Tesco, Vodaphone, Philip Green, Richard Branson et al do not want to pay UK taxes on their profits from UK businesses, then why don't they fook off and do all of their business in Switzerland, Luxembourg, Lichtenstein, the Cayman Islands or wherever? I'm sure there'll be plenty of UK businesses, who are willing to pay their fair whack, ready to fill the void.'"
Seems like a plan!!
Seriously I come back to this - Tesco will have paid in corporation tax and employers NI close to 2bn now you want to cut your nose off to spite your face by suggesting they go and operate in another country!!
On the other hand you complain when they do i.e. Tesco in Guernsey - your thinking, not for the first time, seem contradictory?
How are you going to replace the 2bn they contribute? By only allowing those companies who don't look to reduce the tax burden on themselves!! There will not be company in this country that doesn't look to reduce its tax burden.
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