Tax Dodging Firms - does anyone really care?

[JP_]

No.

I was mostly referring to :

• Restore Corporation Tax to 20 per cent – reversing the Conservatives’ reduction of this tax to 17 per cent – and keep the rate stable with a predictable future path.
• Taxing income from capital more fairly compared to income from work by abolishing the separate Capital Gains Tax-free allowance and instead taxing capital gains and salaries through a single allowance.
• Simplify business taxation to lower administration costs – supporting smaller companies – and reduce opportunities for tax avoidance.
• Replace Business Rates in England with a Commercial Landowner Levy based solely on the land value of commercial sites rather than their entire capital value, thereby stimulating investment, and shifting the burden of taxation from tenants to landowners.
• Take tough action against corporate tax evasion and avoidance especially by international tech giants and large monopolies, including by:
  • Introducing a General Anti-Avoidance Rule, setting a target for HM Revenue and Customs to reduce the tax gap and investing in more staff to enable them to meet it.
  • Reforming place of establishment rules to stop multinationals unfairly shifting profits out of the UK.
  • Improving the Digital Services Tax to ensure tech giants pay their fair share.
  • Support and build on the OECD’s proposals to require multinationals to pay a level of tax which is more closely related to their sales in every country in which they operate.

https://backbenches.co.uk/manifesto-details/503

and the EU Anti tax avoidance package:

https://www.consilium.europa.eu/en/policies/anti-tax-avoidance-package/

 

[JP_]

tax office is constantly playing catch up

Some people would say this is how it is designed. Maybe if they played less and actually sorted the system out, we'd all be living in a better, fairer society.

 

[transam]

Some people would say this is how it is designed. Maybe if they played less and actually sorted the system out, we'd all be living in a better, fairer society.

doubt it

 

[JP_]

Really? The government know that tax dodging is a huge loss to the exchequer, but have done nothing to address it. Doesn't that seem a little bit odd?

 

[JohnD]

Iain (Duncan) Smith thinks it is unfair that tax Dodgers should have to pay the tax they owe

But cut benefits for the poor and disabled.

Does he have concern for the government's purse?

Or does he have more sympathy for the rich than for the poor?

Did he vote against extending free school meals?

Does he understand why his is known as the Nasty Party?

 

[JohnD]

No

Yes

Yes

No.