Facebook pay no Corporation Tax AGAIN

[CamMoreRon]

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..

[CamMoreRon]

mcflurry said:

AFAIK the Irish will be closing that tax break
(IANA-Tax-lawyer)

http://online.wsj.com/articles/ireland-to-close-do...

That link requires a subscription.

I really hope they do.. they must be under some serious pressure from the countries they exploit with those special tax deals.

[CamMoreRon]

Foliage said:

Hackney said:

Foliage said:

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.

You're right, of course - it is the government who allow this to happen by leaving the loopholes open - but this is clearly a problem that has arisen through choices FB have made, setting up their affairs in such a way that they can exploit the holes in the law. I think blame lies squarely on both sides.

Imagine there was a way that every single one of us could set up their affairs so they paid zero tax, and we did it. Nobody would be breaking the law, and you could argue that the government hasn't lost any revenue as they were never "entitled" to it, but the gov't collect ZERO taxes. What sort of mess would we be in?

[CamMoreRon]

BGARK said:

Of which they paid tax on no doubt, and purchased, and consumed goods within the UK, that are all... taxed.

Oh yeah, trickle-down wealth.. of course..

[CamMoreRon]

DonnyMac said:

fblm said:

The clamour by idiots to end tax competition between countries makes me laugh. For some reason they seem to imagine that if other people pay more they will pay less. Yeah of course thats how it works.

That had never crossed my mind, whatever other reason would individuals have to complain?

Hi Mr. Average wage earner, FB have just paid their corp tax, you don't have to pay this year...

I don't know about others, but I imagine that when corporations are made to pay tax on their actual profits in this country (i.e. without the obscurity of high rate charges to themselves driving down reported profits) there won't be the same crippling squeeze on public services, and maybe some actual investment on infrastructure without the usual furore about how we can't afford it, rather than saving a couple of £ a month myself.

[CamMoreRon]

turbobloke said:

As opposed to trickle-up taxes where FB turned the government's tap off.

Encouraging politicians to spend less by not giving them what they had no rights to in the first place is a wonderful thing.

Yes, truly wonderful for the privileged, the selfish, and the greedy.. not so wonderful for the rest.

[CamMoreRon]

Foliage said:

I cant blame a company for prioritising their primary corporate goal 'make profit' above all else. Is it their responsibility to volunteer the tax or the governments to take it? If the government wants the money it should make damn well sure that it can guarantee it can take it. They haven't so they cant.

Anything you read on corporate websites or anywhere about ethics, enviroments, sustainability, quality, service etc is just marketing, all they want or care about is profit, nothing else matters, sweatshops, wage slaves, monopolies, price fixing etc happen because the companies who do it can get away with it, its profits that matter and these things bother me more (and are illegal in the UK) than a company following a legal route to minimise its tax liability.

Oh god that's so depressing.

No, you're right.. profit is the #1 goal so yeah I can understand the "what do you expect?" argument completely. I just don't like it. As you said, nothing else matters, so if a company can get away with certain behaviour then it will. But that's why I think outrage from people who disagree with it is incredibly important (and why I get so outraged about it) - if nobody says anything then they just continue to act how they want and the people continue to get f****d.

[CamMoreRon]

BGARK said:

Impressive stuff.

Thanks petal.

[CamMoreRon]

iphonedyou said:

Going by Op's previous threads, the answer to your first question is a stoical 'no'.

Duhfuq are you on about.

[CamMoreRon]

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.

[CamMoreRon]

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 ranting

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.

[CamMoreRon]

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.

[CamMoreRon]

BGARK said:

Tax comes off net profit, not sales revenue. Should we think of simpler example than the crayons?

Yes please.

[CamMoreRon]

BGARK said:

Really?

Yes please. Your first example was confusing on my poor left wing brain.

[CamMoreRon]

BGARK said:

Hey, nobody said the crayon business wasn't dangerous.

[CamMoreRon]

BGARK said:

CamMoreRon said:

BGARK said:

Hey, nobody said the crayon business wasn't dangerous.

Aha, but now that you having forced the entrepreneurs to pay more tax, they have all disappeared and no one can afford to pay for your operation.

It's ok the Mafia sorted me out with BUPA.

[CamMoreRon]

BGARK said:

But the mafia (Labour) are funded by the entrepreneurs (see further back). They are no longer here so where does the mafia get its money from to pay for your health care?

Well, see.. the entrepreneurs never actually left. It turns out that was just a bullst scare tactic they used to try and keep the Mafia in check. Once the Don had finally had enough of it he called their bluff. A few got whacked, but the rest agreed to give power back to the family and start paying their protection fees again.

It's actually alright here now. Sure, I don't get quite as big a cut as I did in the glory days, but the kids actually like me now.

[CamMoreRon]

BGARK said:

Not sure if you have read the "buying a round" analogy used on here quite often?

I have, and I've also heard opinions to say it is an incredibly optimistic abstraction.

[CamMoreRon]

BGARK said:

Well, you will also have heard what opinions are generally compared to.

With people who are relatively successful and intelligent (not me) why do you feel the need to fight them rather than learn from them, is being jealous and malicious a normal human trait for some people, I honestly don't get it?

You do realise that most successful people want to share their wealth and success with others... that is what makes them wealthy and successful.

Some people are successful and intelligent, and also incredibly nice people; many are not. Bill Gates, for example: huge amounts of wealth donated to charity! Rupert Murdoch, for example: huge amount of wealth used to obtain enormous power and influence, and to manipulate the world to his ideals.

There are wealthy folk who outright refuse to game the tax system, and I have enormous respect and admiration for them doing so. The idea that my loathing of people who cheat society is founded on jealousy just doesn't stand up - I don't loathe people for their success, I loathe them for their lack of empathy, solidarity, and selfish advancement of their own interest.

[CamMoreRon]

Munka01 said:

What frustrates me is how CamMoreRon continually shows a lack of understanding of basic finance i.e. quoting revenue figures as a wage bill, not understanding that you only pay tax on PROFITS and how a wage bill is not equally spilt between employees.

I suggest you look through the Cameron speech thread to see how numerous posters (qualified in Finance) attempted to educate CamMoreRon, yet he still appears not to understand basic principals.

Hahaha I love the idea that people "tried to educate me" on that thread..

If you haven't grasped that I use abstractions to make a point, then you are clearly not capable of understanding what I am trying to say to you. I understand the basic principles, thanks.

We can sit here and attempt to insult each other "DERR look how stupid he is" but a word to the wise: I don't think you want to go down that road with me. I can be very stubborn when people start being unreasonable - ask sidicks how he got on.