[Finance] Ban tax haven firms from coronavirus relief

[Kinky Gerbil]

What ever, either way an absolute piss take in any one's book, I think most people would see it that way, wouldn't they
Regards
DF

So two posts and two sets of rubbish.

Not shocked really

 

[vegster]

I agree with that. Those companies (famously Amazon, Starbucks, Apple, Dell), who mysteriously make minimal UK profits, whilst their tax haven parents (Lux, Netherlands or ROI) declare vast profits, should be taxed in the UK on a hefty percentage of turnover.

Unfortunately, it requires a concerted joint effort of many powerful trading nations, even socialist nations in the EU haven’t achieved that. The States, unsurprisingly, throw their full weight in backing their multinationals, with fully meant trade barrier threats against importers into the US. It’s not just them, Lux, ROI and the Netherlands refuse to cooperate. Working alone, we’d be punished economically.

The EU have been trying to co-ordinate some kind of joint approach to taxing the " usual suspects" from across the pond, that's why Trump lost his rag a while back and threatened to slap tariffs on EU imports to the US. Something needs to be done because too much money is concentrated in too few pockets that seem above the law and indeed, above social justice.

PS, the ultimate owners of my company are sitting Covid-19 out in Guernsey with their £1.5 Billion shared wealth. Hope it's not too much of a struggle. I remember seeing that companies can opt to top up the 80% Furlough Scheme and pay their employee's their full salary during this crisis, needless to say, this has not been forthcoming from my company.

 

[Weststander]

The EU have been trying to co-ordinate some kind of joint approach to taxing the " usual suspects" from across the pond, that's why Trump lost his rag a while back and threatened to slap tariffs on EU imports to the US. Something needs to be done because too much money is concentrated in too few pockets that seem above the law and indeed, above social justice.

Couldn’t agree more, the lost tax must be vast. I’ve never been fooled by the lie that those companies wouldn’t then trade here. Starbucks, Dell, Amazon and Apple are not going to decline the revenue streams, albeit reduced by 20%.

Some devious and very selfish governments condone the whole scam. The ROI refuse to accept €14b in corporation tax from Apple, forced upon them by the EU.

 

[Binney on acid]

Richard Branson
Regards
DF

Possibly the most odious individual ever to set foot on the planet. Tricky Dicky, the champion of zero hours contracts has the audacity to seek a government bailout for his airline, who's profits have been decimated by the pandemic. Somewhat ironical, as it's unlikely that he has paid more in corporation tax over the years than any one of us has paid in income tax. While he's busy sunning himself on his caribbean island, Necker, firing lawsuits against his healthcare business' greatest competitor, the NHS, NHS workers lacking PPE are routinely exposed to a deadly virus, and risk their lives in the line of duty. My heart bleeds for the world's greatest self publicist

 

[vegster]

Couldn’t agree more, the lost tax must be vast. I’ve never been fooled by the lie that those companies wouldn’t then trade here. Starbucks, Dell, Amazon and Apple are not going to decline the revenue streams, albeit reduced by 20%.

Some devious and very selfish governments condone the whole scam. The ROI refuse to accept €14b in corporation tax from Apple, forced upon them by the EU.

Yes, very bad by the Irish, they kowtow to the power of Apple in case they take their jobs elsewhere.

 

[beorhthelm]

seems rather harsh to see thousands made unemployed to make a political point.

 

[Pretty pink fairy]

So two posts and two sets of rubbish.

Not shocked really

Really , why doesn't he go to a bank to get his 'loan '
Regards
DF

 

[Pretty pink fairy]

Possibly the most odious individual ever to set foot on the planet. Tricky Dicky, the champion of zero hours contracts has the audacity to seek a government bailout for his airline, who's profits have been decimated by the pandemic. Somewhat ironical, as it's unlikely that he has paid more in corporation tax over the years than any one of us has paid in income tax. While he's busy sunning himself on his caribbean island, Necker, firing lawsuits against his healthcare business' greatest competitor, the NHS, NHS workers lacking PPE are routinely exposed to a deadly virus, and risk their lives in the line of duty. My heart bleeds for the world's greatest self publicist

Yet some on here like to defend him ?
Regards
DF

 

[Doc Lynam]

France joins Denmark and Poland in banning tax haven firms from coronavirus relief:
https://www.thelondoneconomic.com/p...ax-haven-firms-from-coronavirus-relief/23/04/

Should the UK follow suit ?

Joking, this is part of the great Brexit master plan to screw other countries!

 

[Kinky Gerbil]

Possibly the most odious individual ever to set foot on the planet. Tricky Dicky, the champion of zero hours contracts has the audacity to seek a government bailout for his airline, who's profits have been decimated by the pandemic. Somewhat ironical, as it's unlikely that he has paid more in corporation tax over the years than any one of us has paid in income tax. While he's busy sunning himself on his caribbean island, Necker, firing lawsuits against his healthcare business' greatest competitor, the NHS, NHS workers lacking PPE are routinely exposed to a deadly virus, and risk their lives in the line of duty. My heart bleeds for the world's greatest self publicist

Firing lawsuits at the NHS?

Was that the one triggered by the NHS not following processes?

Which he put the money back into health care?

 

[Kinky Gerbil]

Really , why doesn't he go to a bank to get his 'loan '
Regards
DF

Just think, if it wasn’t for Brexit you could of had your wish

 

[beorhthelm]

I agree with that. Those companies (famously Amazon, Starbucks, Apple, Dell), who mysteriously make minimal UK profits, whilst their tax haven parents (Lux, Netherlands or ROI) declare vast profits, should be taxed in the UK on a hefty percentage of turnover.

Volkswagen GB make minimal UK profits, while their parent in Germany declare large profits. should they be taxed in UK on % of turnover?

 

[Pretty pink fairy]

Just think, if it wasn’t for Brexit you could of had your wish

zzzzzzzzzzzzzzz
Regards
DF

 

[Weststander]

Volkswagen GB make minimal UK profits, while their parent in Germany declare large profits. should they be taxed in UK on % of turnover?

Apple evade corporation tax in Europe as a whole. Depriving all nations a decent share of their mega profits in taxation, bar a relatively token amount to their unethical partners the Irish government.

VW pay their fair share of German corporation tax, at a typical rate in western economies. Whilst honest UK companies selling to Germany pay UK corporation tax.

It’s not solely a UK story, it’s a regional issue.

It’s also a very practical question of commercial justice. Waterstones, Sussex Stationers and local coffee shop chains, if profitable, pay their full slug of UK corporation tax. Their direct competitors Amazon and Starbucks pay a tiny proportion of their true UK profits in CT, giving them an unfair advantage, not that they need it.

 

[A1X]

Of course we should. But I'd be absolutely astounded if we do.

 

[Hu_Camus]

So....is there a tax specialist willing to put his name to defining the difference between Evasion, and Avoidance, solely on a moral basis?
And wtf is a 'trust', if not a middle finger to the spirit of the notion of 'society', and all the other bods who can't afford to set up 'instruments' via the Caymans?

As an addendum: I mean no judgement is implied of said specialists, or their profession, personally.

 

[Kinky Gerbil]

zzzzzzzzzzzzzzz
Regards
DF

Don’t like facts?

EU rules coming in to try and stop all this.

But carry on moaning.

 

[Pretty pink fairy]

Don’t like facts?

EU rules coming in to try and stop all this.

But carry on moaning.

I wasn't moaning just pointing out a situation that doesn't sit well with a lot of people, as for the EU they're not even on my radar , i'm keeping fingers crossed for you though
Regards
DF

 

[beorhthelm]

It’s also a very practical question of commercial justice. Waterstones, Sussex Stationers and local coffee shop chains, if profitable, pay their full slug of UK corporation tax. Their direct competitors Amazon and Starbucks pay a tiny proportion of their true UK profits in CT, giving them an unfair advantage, not that they need it.

agree and im making the point about the practical implications, not supporting companies avoid tax. tax by turnover will be applied to all. previous times it was thought unfair to tax profits where goods are sold, when effort to produce is elsewhere.

 

[Hu_Camus]

Possibly the most odious individual ever to set foot on the planet. Tricky Dicky, the champion of zero hours contracts has the audacity to seek a government bailout for his airline, who's profits have been decimated by the pandemic. Somewhat ironical, as it's unlikely that he has paid more in corporation tax over the years than any one of us has paid in income tax. While he's busy sunning himself on his caribbean island, Necker, firing lawsuits against his healthcare business' greatest competitor, the NHS, NHS workers lacking PPE are routinely exposed to a deadly virus, and risk their lives in the line of duty. My heart bleeds for the world's greatest self publicist

Really, Binney?!!!

If I had time, I'd tell you about this Austrian geezer, ....had a funny little Charlie Chaplin moustache, I heard about him when I was at school.
Google him, - Adolf something....
It was in all the papers.