Tax changes in UK Budget to clamp down on tax avoidance of Google, Amazon, Apple etc.

Discussion in 'Politics, Religion, Social Issues' started by nebo1ss, Mar 19, 2015.

  1. nebo1ss macrumors 68030

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    Jun 2, 2010
    #1
    In yesterday UK Budget announcement a New Tax was introduced called the "Diverted Profit Tax" It will be 25 percent as opposed to the existing corporation tax of 20 percent.
    It is an attempt to stop large multi-nationals like Google, Amazon and Apple diverting profits from the UK to Ireland and other similar locations. This has long been a problem and previously discussed on here. Many have said that these companies are only taking advantage of the existing tax system.
    While this is true the Government has now announced changes to stop it.
    The choice will be to declare your profits where they originate and pay 20 percent or divert them to ireland and be liable for 25 percent.
     
  2. Mousse macrumors 68000

    Mousse

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    #2
    If only the US Gub'ment had the balls for such a move. Big Bidness might decide to take their ball and leave the UK market, but they ain't gonna walk away from a cash cow like 'Murica.
     
  3. vkd macrumors 6502a

    vkd

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    Sep 10, 2012
    #3
    Once upon a time Kings or ruling bodies protected the populace and took care of them, hence they were very dear to the people, who loved them. Nowadays they are just a bunch of tax collectors who harass as much as they can get away with.
     
  4. Oudinot macrumors regular

    Oudinot

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    #4
    I think you have watched too many Disney movies.
     
  5. weckart macrumors 68040

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    #5
    The UK is in the G7. Nobody is going to walk away from any of those member states. Far too much money to be made, even with the tax penalities.
     
  6. vkd macrumors 6502a

    vkd

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    #6
    Don't talk nonsense. You are obviously too completely covered by illusion and ignorance to know any better.
     
  7. Ironduke Suspended

    Ironduke

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  8. Eraserhead macrumors G4

    Eraserhead

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  9. sualpine macrumors 6502

    sualpine

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    May 13, 2013
    #9
    Terrible idea. Money is like water, it will always flow the path of least resistance. The common sense, logical fix to this "problem" is to close loopholes and lower the corporate tax rate.
     
  10. Praxis91 macrumors regular

    Praxis91

    Joined:
    Mar 15, 2011
    #10
    Too many of the "movers and shakers" benefit from the loopholes. They lobbied to get them created in the first place (as a way to benefit them and screw over their competitors). In the US, our tax code is something like 60,000 pages. It's absolute lunacy!
     

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