Facebook pay no Corporation Tax AGAIN

[bobbylondonuk]

As long as there are different corp tax rates in different countries, there will always be companies making use of those locations to book their revenues and in turn their profits. Customers will end up buying from companies that operate in another country eg. brits buying from Ireland based company. Going all moral on this is just stupid.

The only other way is to go all protectionist. Only UK based companies can operate in UK and all UK residents can only transact with UK based companies. That will solve this debate! But I am being extorted enough, I would rather spend less money than be forced to spend more money in a protectionist environment because the politicians want to give free st and play robinhood.

[anonymous-user]

Ali G said:

http://www.theguardian.com/politics/2013/dec/19/hm...

"British officials have "lost their nerve" in tackling tax avoidance by global corporations and have presided over a £35bn tax gap as they pursue easy prey such as small businesses and individuals, a committee of MPs says.

In a report that highlighted how the Treasury is owed missing tax payments of £35bn"

If it's avoidance, how is the treasury 'owed' it?

[Ali G]

"a committee of MPs says"



HMRC may have had a different opinion.

[turbobloke]

fblm said:

Ali G said:

http://www.theguardian.com/politics/2013/dec/19/hm...

"British officials have "lost their nerve" in tackling tax avoidance by global corporations and have presided over a £35bn tax gap as they pursue easy prey such as small businesses and individuals, a committee of MPs says.

In a report that highlighted how the Treasury is owed missing tax payments of £35bn"

If it's avoidance, how is the treasury 'owed' it?

Indeed.

Then again, the link from Ali G was to a Guardian article.

As to Hodge. What a hypocrite with her family business paying so little tax.

[BGARK]

CamMoreRon said:

turbobloke said:

Here's to a diverse and robust economy.

Hear, hear!

So, err.. when's that one coming?

When you get off your backside, set up a business making stuff, exporting it and employing people.

What is stopping you?

[bodhi]

fblm said:

"British officials have "lost their nerve" in tackling tax avoidance by global corporations and have presided over a £35bn tax gap as they pursue easy prey such as small businesses and individuals, a committee of MPs says.

In a report that highlighted how the Treasury is owed missing tax payments of £35bn"

If it's avoidance, how is the treasury 'owed' it?

I also notice it's Margaret Hodge sticking her oar in again - remind me, how much tax does her husband's company pay in the UK?

And has anybody worked out how much additional tax we take through companies like Fiat/Chrysler, who set up HQ's here to avoid even more punitive Corporation Tax in other countries? And if we ask Google/Amazon etc to pay their fair share, surely we have to kick those out?

[turbobloke]

bodhi said:

I also notice it's Margaret Hodge sticking her oar in again - remind me, how much tax does her husband's company pay in the UK?

Not a lot.

http://www.telegraph.co.uk/finance/businesslatestn...

Analysis of Stemcor's accounts showed that in 2011 the business paid a whopping £163,000 tax on paltry revenues of more than £2.1billion in 2011. Don't mention profit as per FB and the rest, given that the angry types don't accept such trifles as applying tax laws and rules.

[Ali G]

Parliamentary select committee - HMRC (Lin Homer et al) were grilled by Hodge.

Paraphrasing...

Hodge - "Get the tax of the multinationals - a quick win and I'll look good"

Homer - "Give us the tools then - otherwise stfu"



edited - name wrong - memory bad!

Edited by Ali G on Friday 24th October 17:09

[CamMoreRon]

fblm said:

You're the one angrily demanding a sensible reasoned debate about a subject you evidently know nothing what so ever about. Perhaps you should tell us about engineering instead? Let's put it like this; talking to you about economics and finance is like you trying to explain how a rocket works to someone who doesn't beleive in Newtons laws.

fblm MEng

I couldn't give less of a crap about PMI or whatever it was called. To me it is a pointless metric with little or no relevance other than to give a feeling of how the industry is feeling about its feelings. It's just a number of little significance used in an attempt to boil something incredibly complex down to one smug little number. "Oh, yes.. and if PMI is over 50 then everything is absolutely brilliant. And PMI is actually 51.6, which is 1.6% absolutely brilliant. 0.4% less brilliant than the previous quarter, but still absolutely brilliant. How brilliant."

If you want to talk engineering I'd be more than happy to engage you, and what's more is I wont talk down to you and be all OH MY GOD YOU DON'T KNOW NEWTON'S LAWS OF MOTION AND YET YOU'RE TALKING ABOUT HOW YOUR ROPE SWING WOULD BE BETTER WITH 2 BITS OF ROPE? STUPID F*CKING THICKY STUPID DUMB DUMB WHAT WERE YOU THINKING. GOD.

[BGARK]

CamMoreRon said:

If you want to talk engineering

What type of engineering are you involved in?

[CamMoreRon]

bobbylondonuk said:

This is quite simple to nail down..

Blah blah blah..

IF anyone wants to save the planet, children, moral conscience etc - donate to charity. Dont get extorted for it!

Strongly disagree.

You realise there is NOTHING apart from this one planet? Everything that has ever happened, will happen, and all the resources that made or will make it happen, all contained on a tiny rock in a vast, vast, unbelievably vast empty void of absolute nothingness. Seems like it might be in our interests as a species to make sure we can cling on as long as possible, no?

[turbobloke]

Ali G said:

Parliamentary select committee - HMRC (Lyn Hamer et al) were grilled by Hodge.

Paraphrasing...

Hodge - "Get the tax of the multinationals - a quick win and I'll look good"

Hamer - "Stop your family company avoiding tax you hypocrite and then give us the tools - otherwise stfu"

EFA

[turbobloke]

CamMoreRon said:

bobbylondonuk said:

This is quite simple to nail down..

Blah blah blah..

IF anyone wants to save the planet, children, moral conscience etc - donate to charity. Dont get extorted for it!

Strongly disagree.

You realise there is NOTHING apart from this one planet? Everything that has ever happened, will happen, and all the resources that made or will make it happen, all contained on a tiny rock in a vast, vast, unbelievably vast empty void of absolute nothingness. Seems like it might be in our interests as a species to make sure we can cling on as long as possible, no?

Nature will sort it. Too many of us and too few resources - in reality, not pretend as per the Wackernagel unsustainability calculation boolix - then people will die until there are few enough to get by on the available resources. It happens all the time in nature. However our consumption rate at the moment is sustainable with technology helping all the while, and with space beckoning we won't be clinging on for very long.

[bobbylondonuk]

CamMoreRon said:

bobbylondonuk said:

This is quite simple to nail down..

Blah blah blah..

IF anyone wants to save the planet, children, moral conscience etc - donate to charity. Dont get extorted for it!

Strongly disagree.

You realise there is NOTHING apart from this one planet? Everything that has ever happened, will happen, and all the resources that made or will make it happen, all contained on a tiny rock in a vast, vast, unbelievably vast empty void of absolute nothingness. Seems like it might be in our interests as a species to make sure we can cling on as long as possible, no?

Point well made by use of selective quotes......not.

What you say makes sense if the whole of the species works together for the common goal. Paying stupid taxes and raising my cost of living in a tiny island in the north atlantic will not save the planet. No matter how much you go blah blah blah. You want your way? I will join you...get 7bn people to work in the same direction for the same goal. Otherwise accept the inevitable....my money is water down the drain...which I dont want.

[BGARK]

[Ali G]

Oops! Not PSC, but PAC..

http://www.accountingweb.co.uk/article/google-hmrc...

http://www.independent.co.uk/news/uk/politics/hmrc...

http://www.theguardian.com/business/2012/dec/06/im...

It was broadcast on UK Parliament for those sad enough to have watched it.

[waterwonder]

CamMoreRon said:

Majority are R&D or PD, with manufacturing offshore to take advantage of cheap labour.

bks.

The uk manufactured 1.5 million cars last year. It will shortly become the third highest producer (after Spain and Germany) in Europe. It is also on track to surpass 1972 (record) levels of production in the not to distant future.

No manufacturing. Pfft do you want to try again?

[CamMoreRon]

bobbylondonuk said:

Point well made by use of selective quotes......not.

What you say makes sense if the whole of the species works together for the common goal. Paying stupid taxes and raising my cost of living in a tiny island in the north atlantic will not save the planet. No matter how much you go blah blah blah. You want your way? I will join you...get 7bn people to work in the same direction for the same goal. Otherwise accept the inevitable....my money is water down the drain...which I dont want.

Except paying taxes is critical. If you want the security of state governance then unfortunately you have to pay for it.

Ok cool.. we're 2 for 7 billion! That's a start! Anyone else want to join the cause?

[anonymous-user]

CamMoreRon said:

I couldn't give less of a crap about PMI or whatever it was called. To me it is a pointless metric with little or no relevance other than to give a feeling of how the industry is feeling about its feelings. It's just a number of little significance used in an attempt to boil something incredibly complex down to one smug little number. "Oh, yes.. and if PMI is over 50 then everything is absolutely brilliant. And PMI is actually 51.6, which is 1.6% absolutely brilliant. 0.4% less brilliant than the previous quarter, but still absolutely brilliant. How brilliant."

I love it. 2 minutes ago you had never heard of PMI and now you dismiss one of the most watched economic indicators and one of the best predictors of future GDP growth, as 'a pointless metric' of 'no relevance'. You're fvcking priceless.

[anonymous-user]

BGARK said:

CamMoreRon said:

If you want to talk engineering

What type of engineering are you involved in?

Sanitation?