Should multinationals and multibillionaires pay fair tax?
- Thread starter JohnD
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And ?
Of all political persuasions
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Are you talking taxes, or loopholes ?
Introducing Complicated rules that allowed dodges …
Unfortunately I don't know which rules you have in mind. Do you mean something happened 20 years ago that made it easier for billionaires and multinationals to dodge taxes? What was it?
I presume you don't mean reducing Basic Rate Income Tax from 23% to 20%? Or is that something you disapprove of?
Was it reducing Corporstion Tax from 33%?
Do you mean the 2010 reforms?
Or do you mean the measures to combat avoidance schemes dreamed up by tax advisors to billionaires and multinationals?
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You will have to expand that claim then, with details. Details of quadrupling, please.
Taxes are to raise money, loopholes are to avoid paying that money.
G brown increased loopholes to avoid raising taxes, that's a bold claim.
And you call me a muppet. But insults always start when the facts run out.
More developments...
"Coca-Cola is selling €1bn of new debt that it may use to help pay potential charges arising from a decade-long dispute with the US tax authorities, in which the company could owe $16bn.
The US soft-drinks maker said on Thursday it planned to issue two €500mn bonds with the proceeds used in part “for making any potential payments in connection with our ongoing tax litigation with the [Internal Revenue Service]”.
The “reverse Yankee” issuance — in which US companies raise money in the euro-denominated bond market — comes a day after the Financial Times reported that Coke could owe $16bn in back taxes arising from manufacturing processes located in countries such as Ireland and Brazil.
The total is enough to wipe out a year and a half of profits, with the figure rising by more than $1bn a year."
"According to a US tax court judgment, the company has been hiding “astronomical levels” of profit in low-tax countries to shield it from the US authorities."
FT.com
"The debt issuance comes as Coke readies the payment of an initial $6bn in cash to cover unpaid taxes and interest for the years 2007 to 2009. The sum was finalised last week, the last of a four-year series of court decisions in favour of the US Internal Revenue Service."
"Coca-Cola is selling €1bn of new debt that it may use to help pay potential charges arising from a decade-long dispute with the US tax authorities, in which the company could owe $16bn.
The US soft-drinks maker said on Thursday it planned to issue two €500mn bonds with the proceeds used in part “for making any potential payments in connection with our ongoing tax litigation with the [Internal Revenue Service]”.
The “reverse Yankee” issuance — in which US companies raise money in the euro-denominated bond market — comes a day after the Financial Times reported that Coke could owe $16bn in back taxes arising from manufacturing processes located in countries such as Ireland and Brazil.
The total is enough to wipe out a year and a half of profits, with the figure rising by more than $1bn a year."
"According to a US tax court judgment, the company has been hiding “astronomical levels” of profit in low-tax countries to shield it from the US authorities."
FT.com
"The debt issuance comes as Coke readies the payment of an initial $6bn in cash to cover unpaid taxes and interest for the years 2007 to 2009. The sum was finalised last week, the last of a four-year series of court decisions in favour of the US Internal Revenue Service."
Actually I blame all the Governments from the 1970’s for failing to plan ahead
What have billionaires got to do with this ?
Did you not know that?
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