AlanShimmin Posted June 5, 2021 Share Posted June 5, 2021 4 hours ago, Banker said: There’s still a way to go before it’s the end of 0/10 as we don’t know what countries like Ireland, Cayman Islands, Luxembourg are going to do They'll fall into line with whatever the 'G7' tell them for fear of becoming a pariah state. That's generally how it works. They could always go for the Millwall approach and just be proud of being a tax haven. Quote Link to comment Share on other sites More sharing options...
Non-Believer Posted June 5, 2021 Share Posted June 5, 2021 36 minutes ago, finlo said: One day they'll be gone in the blink of an eye as soon as they get a better offer. As somebody once posted on here, it's got to be one of the most transportable industries in the world, short of a hooker in a caravan. They're not here for the views, the weather or out of philanthropy. They're here because they can pay very little corporate tax. 5 Quote Link to comment Share on other sites More sharing options...
Andy Onchan Posted June 5, 2021 Share Posted June 5, 2021 48 minutes ago, pongo said: How much governments spend is a different argument. Revenue lost arguably means asking tax payers for more. That will potentially chime with both sides of your fence. The G7 thing might be economically simplistic and even colonial but it looks like a difficult argument to fight. Thin end of the wedge politically. If adopted globally, no country will have sovereignty over its own tax affairs. The next step will be personal taxation. 2 Quote Link to comment Share on other sites More sharing options...
SleepyJoe Posted June 5, 2021 Share Posted June 5, 2021 8 hours ago, Non-Believer said: And Sleepy Joe has actually back-pedalled on the US original proposal of 20%, down to 15% "starting point" proposed by the remainder of the G7. It was @SecTreasury Yellen who kicked in with the 15% The proposals of the remainder of the G7 have yet to be made public, other than the Irish invitation to go take a flying f*** at a rolling donut Quote Link to comment Share on other sites More sharing options...
The Dog's Dangly Bits Posted June 5, 2021 Share Posted June 5, 2021 1 hour ago, Andy Onchan said: It's immoral, same category as allowing profit shifting. Immoral in a small amount of opinions. I'm not sure it's any more or less immoral than getting someone in china to make a t shirt for 30p and sell it for 30 quid. 2 Quote Link to comment Share on other sites More sharing options...
The Dog's Dangly Bits Posted June 5, 2021 Share Posted June 5, 2021 1 hour ago, finlo said: One day they'll be gone in the blink of an eye as soon as they get a better offer. That simply isn't correct and shows a gross misunderstanding of the sector. Quote Link to comment Share on other sites More sharing options...
The Dog's Dangly Bits Posted June 5, 2021 Share Posted June 5, 2021 33 minutes ago, Non-Believer said: As somebody once posted on here, it's got to be one of the most transportable industries in the world, short of a hooker in a caravan. They're not here for the views, the weather or out of philanthropy. They're here because they can pay very little corporate tax. That's untrue. Another who clearly knows little about what actually goes on in the sector. Quote Link to comment Share on other sites More sharing options...
The Dog's Dangly Bits Posted June 5, 2021 Share Posted June 5, 2021 31 minutes ago, Andy Onchan said: Thin end of the wedge politically. If adopted globally, no country will have sovereignty over its own tax affairs. The next step will be personal taxation. This really is about the fact that four or five companies are now so big and powerful that even the USA can't touch them. It's quite funny in some respects. 1 Quote Link to comment Share on other sites More sharing options...
Non-Believer Posted June 5, 2021 Share Posted June 5, 2021 2 minutes ago, The Dog's Dangly Bits said: That's untrue. Another who clearly knows little about what actually goes on in the sector. Please enlighten us all with your knowledge... 1 Quote Link to comment Share on other sites More sharing options...
SleepyJoe Posted June 5, 2021 Share Posted June 5, 2021 2 minutes ago, The Dog's Dangly Bits said: This really is about the fact that four or five companies are now so big and powerful that even the USA can't touch them. It's quite funny in some respects. They're big enough now to do their own 'quantative easing'? Quote Link to comment Share on other sites More sharing options...
SleepyJoe Posted June 5, 2021 Share Posted June 5, 2021 (edited) Richard Murphy opines on the G7 proposals The G7 tax deal: a first reaction says there is a long way to go to get this right as yet (taxresearch.org.uk) Edited June 5, 2021 by SleepyJoe Quote Link to comment Share on other sites More sharing options...
GD4ELI Posted June 5, 2021 Share Posted June 5, 2021 54 minutes ago, Andy Onchan said: Thin end of the wedge politically. If adopted globally, no country will have sovereignty over its own tax affairs. The next step will be personal taxation. Lewis Hamilton and Monaco comes to mind. Quote Link to comment Share on other sites More sharing options...
Max Power Posted June 5, 2021 Share Posted June 5, 2021 I recently read an article about Ireland's resurgence, which stated that they had managed to continue attracting companies to base themselves there more for the infrastructure, which was created during the years of the Celtic Tiger. Although they had lost the competitive taxation edge, they had a workforce which made being there attractive. I think we need to be on the game with this, sooner rather than later, as everyone will be in the same boat. We may have advantages over some of the further flung destinations, although our salary scales are higher than places like Mauritius, where Jackson's get a lot of their admin done, for 50p an hour! 2 Quote Link to comment Share on other sites More sharing options...
SleepyJoe Posted June 5, 2021 Share Posted June 5, 2021 Absolutely - 'green' digital infrastructure development Quote Link to comment Share on other sites More sharing options...
The Dog's Dangly Bits Posted June 5, 2021 Share Posted June 5, 2021 41 minutes ago, Non-Believer said: Please enlighten us all with your knowledge... It's absolutely pointless though. What's the point? You are not interested in understanding anything about the industry. Quote Link to comment Share on other sites More sharing options...
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