Facebook pay no Corporation Tax AGAIN

Facebook pay no Corporation Tax AGAIN

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Discussion

CamMoreRon

Original Poster:

1,237 posts

125 months

Thursday 23rd October 2014
quotequote all
BGARK said:
Impressive stuff.
Thanks petal.



wink

CamMoreRon

Original Poster:

1,237 posts

125 months

Thursday 23rd October 2014
quotequote all
iphonedyou said:
Going by Op's previous threads, the answer to your first question is a stoical 'no'.
Duhfuq are you on about. rolleyes

CamMoreRon

Original Poster:

1,237 posts

125 months

Thursday 23rd October 2014
quotequote all
Anyway.. before we get too overpowered by the Tory Boy rabble ranting about free markets and blah blah blah.. you lot can chime in all you want with "yeah but.." and complicate the situation in an attempt to deny the system is flawed - I don't particularly care. It all boils back down again to the fact that companies like Facebook are screwing this country. You can all scream socialism and point fingers at Labour, or Owen Jones, or whoever your little pet leftie hate is.. it only makes people like me more convinced that you're brainwashed. smile

turbobloke

103,877 posts

260 months

Thursday 23rd October 2014
quotequote all
CamMoreRon said:
before we get too overpowered by the Tory Boy rabble ranting about free markets and blah blah blah
Before then we've already been overpowered by a demonstration of juvenile insults, almost always a sign of having nothing worthwhile or credible to say.

Tory Boy rabble laugh ranting laugh

If that's the best you got, you aint got a lot to offer.

bobbylondonuk

2,198 posts

190 months

Thursday 23rd October 2014
quotequote all
So Ireland competes with UK and wins. It's all the fault of big business? Typical leftie crap. This is what you get when you give medals to anyone that participates rather than just the winner. The losers blame the winners because they want a medal too and can't compete.

Reduce tax rates and more businesses will book their profits in UK.

CamMoreRon

Original Poster:

1,237 posts

125 months

Thursday 23rd October 2014
quotequote all
turbobloke said:
Before then we've already been overpowered by a demonstration of juvenile insults, almost always a sign of having nothing worthwhile or credible to say.

Tory Boy rabble laugh ranting laugh

If that's the best you got, you aint got a lot to offer.
Well what's the point in arguing with you? You're so convinced you're right, and I'm so convinced you're delusional, that we won't get anywhere. My time is better spent dismissing your torybabble with my "juvenile" behaviour.

Kermit power

28,642 posts

213 months

Thursday 23rd October 2014
quotequote all
CamMoreRon said:
http://www.theregister.co.uk/2014/10/22/facebook_u...

Apparently the reason being their UK wage bill was £49.8m for 208 employees. Making an average salary of a pretty tasty £239,500!

Of course.. complex international business structure and funnelling sales through Ireland having almost nothing to do with it..
Do you phone up HMRC and ask them if you can pay them more tax than you owe?

If you don't, then you should reserve your indignation for the tax system which allows companies such as Facebook not to pay tax here, not for the companies for doing their job - namely to maximise shareholder returns to the fullest extent legally permitted.

threespires

4,289 posts

211 months

Thursday 23rd October 2014
quotequote all
Hackney said:
Foliage said:
Err, shouldn't the thread title be UK government allow facebook and other large corporations maximise their profits by not closing loophole that allows them to not pay tax.

Its the government that's the problem not the corporations.

Corporations = Make as much profit as possible
This Government = Look after mates who run corporations so they can make as much profit as possible

Which one is failing in their remit?
Fixed that for you.
So how did it work under the previous government then?

BGARK

5,494 posts

246 months

Thursday 23rd October 2014
quotequote all
camoron

When you sell crayons in the playground do you:

Buy crayons for 50p and sell each for 50p, or do you sell each for 75p?


bobbylondonuk

2,198 posts

190 months

Thursday 23rd October 2014
quotequote all
BGARK said:
camoron

When you sell crayons in the playground do you:

Buy crayons for 50p and sell each for 50p, or do you sell each for 75p?
And if you had 3 playgrounds ruled by the Mafia with 30%, 20%, 10% extortion rates on the 25p profit, which playground would you choose?

BGARK

5,494 posts

246 months

Thursday 23rd October 2014
quotequote all
bobbylondonuk said:
BGARK said:
camoron

When you sell crayons in the playground do you:

Buy crayons for 50p and sell each for 50p, or do you sell each for 75p?
And if you had 3 playgrounds ruled by the Mafia with 30%, 20%, 10% extortion rates on the 25p profit, which playground would you choose?
I am sure some better at numbers will explain more but the 25p is not yet net profit, it is gross profit and all of your other overheads, bicycle costs, plasters, and the mafia takings (Labour) have to be removed (each in its own right also is taxed). This might leave you with 1p and the government will take an 20% of that.

CamMoreRon

Original Poster:

1,237 posts

125 months

Thursday 23rd October 2014
quotequote all
BGARK said:
bobbylondonuk said:
BGARK said:
camoron

When you sell crayons in the playground do you:

Buy crayons for 50p and sell each for 50p, or do you sell each for 75p?
And if you had 3 playgrounds ruled by the Mafia with 30%, 20%, 10% extortion rates on the 25p profit, which playground would you choose?
I am sure some better at numbers will explain more but the 25p is not yet net profit, it is gross profit and all of your other overheads, bicycle costs, plasters, and the mafia takings (Labour) have to be removed (each in its own right also is taxed). This might leave you with 1p and the government will take an 20% of that.
Neither, I'd shank those fools with my sharpest one and steal everything.

I are business man.

bobbylondonuk

2,198 posts

190 months

Thursday 23rd October 2014
quotequote all
BGARK said:
bobbylondonuk said:
BGARK said:
camoron

When you sell crayons in the playground do you:

Buy crayons for 50p and sell each for 50p, or do you sell each for 75p?
And if you had 3 playgrounds ruled by the Mafia with 30%, 20%, 10% extortion rates on the 25p profit, which playground would you choose?
I am sure some better at numbers will explain more but the 25p is not yet net profit, it is gross profit and all of your other overheads, bicycle costs, plasters, and the mafia takings (Labour) have to be removed (each in its own right also is taxed). This might leave you with 1p and the government will take an 20% of that.
That is a disgrace! 50p sales and 0.2p tax? That is less than 0.5% tax rate on total sales! fking capitalist pig getting rich off the backs of poor kids. You should be hung for treason!

BGARK

5,494 posts

246 months

Thursday 23rd October 2014
quotequote all
Tax comes off net profit, not sales revenue. Should we think of simpler example than the crayons?

CamMoreRon

Original Poster:

1,237 posts

125 months

Thursday 23rd October 2014
quotequote all
BGARK said:
Tax comes off net profit, not sales revenue. Should we think of simpler example than the crayons?
Yes please.

BGARK

5,494 posts

246 months

Thursday 23rd October 2014
quotequote all
CamMoreRon said:
Yes please.
Really?

98elise

26,502 posts

161 months

Thursday 23rd October 2014
quotequote all
Kermit power said:
CamMoreRon said:
http://www.theregister.co.uk/2014/10/22/facebook_u...

Apparently the reason being their UK wage bill was £49.8m for 208 employees. Making an average salary of a pretty tasty £239,500!

Of course.. complex international business structure and funnelling sales through Ireland having almost nothing to do with it..
Do you phone up HMRC and ask them if you can pay them more tax than you owe?

If you don't, then you should reserve your indignation for the tax system which allows companies such as Facebook not to pay tax here, not for the companies for doing their job - namely to maximise shareholder returns to the fullest extent legally permitted.
Its probably worth pointing out that shareholders have recieved nothing (ie no dividend) from facebook.

CamMoreRon

Original Poster:

1,237 posts

125 months

Thursday 23rd October 2014
quotequote all
BGARK said:
Really?
Yes please. Your first example was confusing on my poor left wing brain.

BGARK

5,494 posts

246 months

Thursday 23rd October 2014
quotequote all
CamMoreRon said:
Yes please. Your first example was confusing on my poor left wing brain.

CamMoreRon

Original Poster:

1,237 posts

125 months

Thursday 23rd October 2014
quotequote all
BGARK said:
Hey, nobody said the crayon business wasn't dangerous.