Facebook pay no Corporation Tax AGAIN

[richie99]

tomw2000 said:

I know that, you know that.

Bu then some start talking about 'moral obligations' to pay more than they legally have to. etc

So the test of the moral obligation or fairness crowd is Do they pay more tax than they are legally obliged to? If not they are hypocrites and should pipe down.

[anonymous-user]

fblm said:

CamMoreRon what do you think of a company that aggresively challenge HMRC in court to avoid paying UK corporation tax, who use 3 subsidiaries based in 'tax havens' to channel profits out of Europe, who manage to pay just 2.3% tax on $3bn in profits and who, according to 'Citizens for Tax Justice', as of May 2014 are holding $7.5bn untaxed offshore to avoid paying $1bn in US taxes?

I don't have a problem with any of that and I certainly don't have a problem with anyone working for them but I'm sure we'd all love to know your thoughts.

OEM suspension systems engineer in Essex? Say it ain't so!

You work for the company above don't you? Come on tell me I'm wrong! You care so deeply about corporate tax avoidance you work for one of the biggest and best so you can spare us the self righteous indignation.

Congrats on the job though, they turned me down. Apparently I was too aggressive in the interview. In my defence the interviewer was a fvcking idiot.

Edited by anonymous-user on Thursday 30th October 19:51

[sidicks]

fblm said:

You work for the company above don't you? Come on tell me I'm wrong! You care so deeply about corporate tax avoidance you work for one of the biggest and best so you can spare us the self righteous indignation.

Looks like CamMoreRon is avoiding this thread for some reason!

fblm said:

Congrats on the job though, they turned me down. Apparently I was too aggressive in the interview. In my defence the interviewer was a fvcking idiot.

Just a thought - it wasn't CamMoreRon who interviewed you, was it?!

[anonymous-user]

sidicks said:

fblm said:

You work for the company above don't you? Come on tell me I'm wrong! You care so deeply about corporate tax avoidance you work for one of the biggest and best so you can spare us the self righteous indignation.

Looks like CamMoreRon is evading this thread for some reason!

EFA. Anyway let's not get ahead of ourselves. I could be completely wrong and then who will be the idiot? It's just too delicious an irony not to take a chance on

[NicD]

Well, my 'Friends of Tax Avoiders', you will have to weep, the PM has spoken!

'Companies which exploit loopholes to avoid paying tax in Britain will be made to ‘damn well pay’, David Cameron said last night.
The Prime Minister pledged to clamp down on multinationals that funnel billions of pounds into offshore tax havens.
It follows controversy over the way firms such as Google, Apple, Starbucks and Amazon handle their tax affairs in the UK.'

Read more: http://www.dailymail.co.uk/news/article-2815017/Yo...


unfortunately, its like all of us on PH, just hot air.

[turbobloke]

NicD said:

Well, my 'Friends of Tax Avoiders', you will have to weep, the PM has spoken!

'Companies which exploit loopholes to avoid paying tax in Britain will be made to ‘damn well pay’, David Cameron said last night.
The Prime Minister pledged to clamp down on multinationals that funnel billions of pounds into offshore tax havens.
It follows controversy over the way firms such as Google, Apple, Starbucks and Amazon handle their tax affairs in the UK.'

CMD has been equally convincing when acting tough with the EU in the past, that worked well

[richie99]

Cameron, never knowingly missed the opportunity to jump on a passing bandwagon. Watch how he and his government behave.

[anonymous-user]

fblm said:

fblm said:

CamMoreRon what do you think of a company that aggresively challenge HMRC in court to avoid paying UK corporation tax, who use 3 subsidiaries based in 'tax havens' to channel profits out of Europe, who manage to pay just 2.3% tax on $3bn in profits and who, according to 'Citizens for Tax Justice', as of May 2014 are holding $7.5bn untaxed offshore to avoid paying $1bn in US taxes?

I don't have a problem with any of that and I certainly don't have a problem with anyone working for them but I'm sure we'd all love to know your thoughts.

OEM suspension systems engineer in Essex? Say it ain't so!

You work for the company above don't you? Come on tell me I'm wrong! You care so deeply about corporate tax avoidance you work for one of the biggest and best so you can spare us the self righteous indignation.

Congrats on the job though, they turned me down. Apparently I was too aggressive in the interview. In my defence the interviewer was a fvcking idiot.

Edited by fblm on Thursday 30th October 19:51

So did we find out if he is funded by a major tax avoider?

[sidicks]

wsurfa said:

So did we find out if he is funded by a major tax avoider?

It's a possibility, but he's avoiding commenting.

And if you suggest that this is the case he will complain to the Mods and get you banned!!

[anonymous-user]

sidicks said:

wsurfa said:

So did we find out if he is funded by a major tax avoider?

It's a possibility, but he's avoiding commenting.

And if you suggest that this is the case he will complain to the Mods and get you banned!!

Sounds like a trainee politician - hypocrisy, ignorance and threats all rolled into one.

Sounds delightful - must be up for a secure seat soon

[sidicks]

wsurfa said:

Sounds like a trainee politician - hypocrisy, ignorance and threats all rolled into one.

Sounds delightful - must be up for a secure seat soon

No comment...

[anonymous-user]

Thread resurrection alert

There was a bit of a hoo ha in the press about Facebook's tax situation again this year

But no mention of one of my favourite companies taxwise, Mondelez UK

In 2017, it's sales were the very thick end of £1.7bn

How much corporation tax did it pay on that, seemingly healthy, revenue?

Does it pay more, or less, than, say, Facebook?

[ralphrj]

JPJPJP said:

In 2017, it's sales were the very thick end of £1.7bn

How much corporation tax did it pay on that, seemingly healthy, revenue?

But corporation tax isn't payable on revenue and the vast bulk of their profits were from dividend receipts from group companies (which aren't taxable either as they are being paid out of post-tax reserves).

[sidicks]

JPJPJP said:

Thread resurrection alert

There was a bit of a hoo ha in the press about Facebook's tax situation again this year

But no mention of one of my favourite companies taxwise, Mondelez UK

In 2017, it's sales were the very thick end of £1.7bn

How much corporation tax did it pay on that, seemingly healthy, revenue?

Does it pay more, or less, than, say, Facebook?

Corporation tax isn’t payable on revenue.
<end of thread>

[Supercilious Sid]

JPJPJP said:

Thread resurrection alert

Thank you. It was most illuminating re-reading CamMoreRon digging himself deeper and deeper into a hole. Saying that, we seem to be having a brief respite from some of the repetetive idiots on here recently. Have the mods been showing the red card to some?

[98elise]

sidicks said:

JPJPJP said:

Thread resurrection alert

There was a bit of a hoo ha in the press about Facebook's tax situation again this year

But no mention of one of my favourite companies taxwise, Mondelez UK

In 2017, it's sales were the very thick end of £1.7bn

How much corporation tax did it pay on that, seemingly healthy, revenue?

Does it pay more, or less, than, say, Facebook?

Corporation tax isn’t payable on revenue.
<end of thread>

Yup...it's not hard is it.

[FiF]

Just out of interest, EbIT?

Any group loans at what interest rate% to offset against tax?

Which helps to fill in a bit more of the picture.