No government bailout for offshore registered companies

[55palfers]

Poland and Denmark refusing cash for companies registered in tax-havens

https://www.independent.co.uk/news/business/analys...

I suppose if you don't want to pay tax in the UK you maybe shouldn't accept UK tax-payers money?

[paulrockliffe]

I understand the point of view, but I'd hope that the Government supports businesses on the basis of their ability to drive economic growth as we recover rather than stuff that plays nicely to the galleries..

Those businesses might be swerving Corporation Tax to some extent, but they'll be paying loads of tax via VAT and employment taxes, employing loads of people and creating lots of value in the economy. To get hung up on the one tiny aspect of a companies value to society that is in the public domain is quite short-sighted.

And it's useful to remember that those Governments could have legislated those practices out of existence, but haven't.

[Blue62]

paulrockliffe said:

I understand the point of view, but I'd hope that the Government supports businesses on the basis of their ability to drive economic growth as we recover rather than stuff that plays nicely to the galleries..

Those businesses might be swerving Corporation Tax to some extent, but they'll be paying loads of tax via VAT and employment taxes, employing loads of people and creating lots of value in the economy. To get hung up on the one tiny aspect of a companies value to society that is in the public domain is quite short-sighted.

And it's useful to remember that those Governments could have legislated those practices out of existence, but haven't.

It's a difficult one and I know the age old argument about taxing big earners etc but asking the tax payer to bail out companies who set up in places like the Virgin Islands doesn't sit well with me. I know it's far more nuanced and would be particularly interested to know what people with specific expertise in tax think.