Wilbert Hickmann Posted May 23, 2013 Author Share Posted May 23, 2013 ...Wooley seems to forget that most people try and pay as little tax as possible and complain when it is increased - why should a multi-national business be any different? Given the circumstances you have described why would anyone choose to move the money to the US? We have no option, the average person gets taxed at source, so that goes completely against your argument re: 'why should a multi-national business be any different?' If the USA and the EU change their respective laws and pull those loopholes nice and tight what are big corporations going to do, stop trading and threaten us all with jobs...yeah right Link to comment Share on other sites More sharing options...
manxman1980 Posted May 24, 2013 Share Posted May 24, 2013 ...Wooley seems to forget that most people try and pay as little tax as possible and complain when it is increased - why should a multi-national business be any different? Given the circumstances you have described why would anyone choose to move the money to the US? We have no option, the average person gets taxed at source, so that goes completely against your argument re: 'why should a multi-national business be any different?' If the USA and the EU change their respective laws and pull those loopholes nice and tight what are big corporations going to do, stop trading and threaten us all with jobs...yeah right Right... So you do not know of any cases whereby the wealthy have moved to a tax jurisdication with lower taxation rates? Look at the complaints that the public make everytime tax is increased. In the UK the banks offer products such as ISA's to avoid tax on savings. It is not all as simple as being taxed at source. I think we are generally in agreement that international co-operation between nations is required, however, that is not just as simple as saying if the USA & EU sort out the taxation legislation that will solve the problems. As an example I believe that Northern Ireland wants to reduce corporation tax there so it is at the same level as the Republic of Ireland and is therefore competitive. This would of course mean having a lower rate than the rest of the UK. If the UK cannot agree on an approach to taxation what chance have we of doing that on a global level? Link to comment Share on other sites More sharing options...
Cambon Posted May 24, 2013 Share Posted May 24, 2013 If the USA and the EU change their respective laws and pull those loopholes nice and tight what are big corporations going to do, stop trading and threaten us all with jobs...yeah right No, they will use creative accounting to show that no profit, or perhaps a loss has been made. Governments are far better off agreeing to big business than pissing them off. Link to comment Share on other sites More sharing options...
woolley Posted May 30, 2013 Share Posted May 30, 2013 If the USA and the EU change their respective laws and pull those loopholes nice and tight what are big corporations going to do, stop trading and threaten us all with jobs...yeah right No, they will use creative accounting to show that no profit, or perhaps a loss has been made. Governments are far better off agreeing to big business than pissing them off. Right. So the strategy is tell them they can do whatever they like and we won't charge them a penny in tax? Good plan. Demand country by country reporting and pay tax in the country where the sales are made before any upstreaming malarkey. Link to comment Share on other sites More sharing options...
Truth Seeker Posted December 19, 2014 Share Posted December 19, 2014 Apple won't be Tweeting this. A BBC investigation for Panorama has exposed poor working conditions in factories making Apple products in China. The undercover team secretly filmed the iPhone production line and found Apple's promises to protect workers were routinely broken. One undercover reporter - making parts for Apple computers - had to work 18 days without a day off. https://www.youtube.com/watch?v=Gaq5PRjQBaw "Apple has said it is "deeply offended" by a BBC investigation into conditions for workers involved in manufacturing its devices." http://www.bbc.co.uk/news/technology-30548468 Apple goes to war with the BBC. http://www.telegraph.co.uk/technology/apple/11303052/Apple-working-conditions-Tim-Cook.html On the plus side it is good business for the companies that make the Anti Suicide Nets. Link to comment Share on other sites More sharing options...
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