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Google use tax avoidance schemes. Tax evasion is illegal.

Don't know if anyone watched the recent programme about the Fair Tax Town. I had never heard of the thing previously. Showed some of the gimmicks the big corporations used; U2 and The Stones using the same thing to minimise tax on royalties. The guy they had the meeting with from HMRC was an apologist arsehole for big business.

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Don't know if anyone watched the recent programme about the Fair Tax Town. I had never heard of the thing previously. Showed some of the gimmicks the big corporations used; U2 and The Stones using the same thing to minimise tax on royalties. The guy they had the meeting with from HMRC was an apologist arsehole for big business.

I reckon much of the problem, if it us a problem, stems back to the days of 'supertax' which helped develop a culture of acceptable tax avoidance and the necessary schemes to help make it possible.

And just simple human desire to want more, and more...

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The guy they had the meeting with from HMRC was an apologist arsehole for big business.

Saw this too. Got the impression his message was "yes, it's unfair to everyone else, but these big guys employ a lot of people who we'd be giving benefits to otherwise, so it's kind of worth our while, ken"

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I reckon much of the problem, if it us a problem, stems back to the days of 'supertax' which helped develop a culture of acceptable tax avoidance and the necessary schemes to help make it possible.

And just simple human desire to want more, and more...

IIRC when I started my business 20 years ago Corporation Tax for big business was 40% and for small businesses like mine it was 28%. Small business CT is now so 20% and due to drop to 19% then 18% over the next few years. For large business its dropped to either 21% or even 20%; I don't know is the new lower rates are to apply to big businesses.

One way or another, for large businesses CT has effectively halved in that time and companies still don't want to pay their way.

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Google provide an amazing service for a lot of companies and google maps is a wonderful thing, to get aerial photos like you can easily achieve on that has helped loads of companies out so they are pretty invaluable. Starbucks on the other hand are just selling hot water at a rip off price and are scum of the earth. Amazon are good but you can buy most stuff from other places at around the same price , they're just so dam convenient.

London after slightly less than two hours of Throbber's leadership:

post-38705-0-03921500-1453580786_thumb.p

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Google provide an amazing service for a lot of companies and google maps is a wonderful thing, to get aerial photos like you can easily achieve on that has helped loads of companies out so they are pretty invaluable. Starbucks on the other hand are just selling hot water at a rip off price and are scum of the earth. Amazon are good but you can buy most stuff from other places at around the same price , they're just so dam convenient.

^^^^ Donald Trump's new economic advisor

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IIRC when I started my business 20 years ago Corporation Tax for big business was 40% and for small businesses like mine it was 28%. Small business CT is now so 20% and due to drop to 19% then 18% over the next few years. For large business its dropped to either 21% or even 20%; I don't know is the new lower rates are to apply to big businesses.

One way or another, for large businesses CT has effectively halved in that time and companies still don't want to pay their way.

The term 'Supertax' related to personal tax, not corporate.

The average rate of personal tax in the 1970's was 83% - i googled it! That no doubt contributed to a culture of tax avoidance which survives until today. And it's not surprising that companies cottoned onto this'opportunity' as well.

As for corporate tax - as with personal tax the headline rate has undoubtedly dropped. But alongside that we have seen increases in the so called 'stealth taxes.' Companies now face increased social costs i.e. NI and Pension contributions.

Few would say tax is lower now than in the past.

Anyway, politics thread for this pish?

Edited by hk blues
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The term 'Supertax' related to personal tax, not corporate.

The average rate of personal tax in the 1970's was 83% - i googled it! That no doubt contributed to a culture of tax avoidance which survives until today. And it's not surprising that companies cottoned onto this'opportunity' as well.

As for corporate tax - as with personal tax the headline rate has undoubtedly dropped. But alongside that we have seen increases in the so called 'stealth taxes.' Companies now face increased social costs i.e. NI and Pension contributions.

Few would say tax is lower now than in the past.

Anyway, politics thread for this pish?

Corporate tax is definitely lower than in the past. The multi nationals still don't want to pay.

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Corporate tax is definitely lower than in the past. The multi nationals still don't want to pay.

Hardly matters what the headline rate is-what most care about is the 'real' cost. I'd think.

Unless you are one of those fooled by government spin on taxation?

Not just one flavour of government either.

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Hardly matters what the headline rate is-what most care about is the 'real' cost. I'd think.

Unless you are one of those fooled by government spin on taxation?

Not just one flavour of government either.

Yeah, that doesn't make any sense.

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