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Bullet 4:34 Sat Feb 20
EU Referendum 23rd June 2016 declares Cameron
BBC
Britain will vote on whether to remain in the EU on Thursday 23 June, Prime Minister David Cameron has said.
The prime minister made his historic announcement in Downing Street after briefing the cabinet.
He said he would be campaigning to remain in a reformed EU - and described the vote as one of the biggest decisions "in our lifetimes".
Ministers immediately divide

Replies - Newest Posts First (Show In Chronological Order)

Mike Oxsaw 3:37 Sat Aug 17
Re: EU Referendum 23rd June 2016 declares Cameron
New Jersey 3:13 Sat Aug 17

Yeah, I seem to recall one of the so-far named companies running all their operations in the UK, except for the server that stored & processed ordered. That was in Luxembourg and they were able to argue successfully on that single fact that sales were originated & completed there.

I believe the EU actually stamped on that one, but more out of fear of who had set it up in the first place...

zebthecat 3:20 Sat Aug 17
Re: EU Referendum 23rd June 2016 declares Cameron
From a sister Starbucks company of course.

zebthecat 3:19 Sat Aug 17
Re: EU Referendum 23rd June 2016 declares Cameron
New Jersey 3:13 Sat Aug 17

That was Starbucks wheeze. They bought all their coffee from that well known coffee growing nation Switzerland at inflated prices thus wiping out their profit.

New Jersey 3:13 Sat Aug 17
Re: EU Referendum 23rd June 2016 declares Cameron
Mike - Don't they also use 'transfer payments' to ensure the profits end up in low tax countries such as Luxembourg?

This will only increase if Corbyn increase the Corporation tax rate in the UK, which at present is quite competitive at 19%!

Mike Oxsaw 3:03 Sat Aug 17
Re: EU Referendum 23rd June 2016 declares Cameron
New Jersey 2:36 Sat Aug 17

Many of these companies will have undisclosed "technology advisory boards", or some such entity within their ranks (happens all the time in my area of business).

For no apparent operational reason related to their core business, they always seem to include a senior politician and a senior civil servant who has significant purchasing authority. Some may include a senior tax official.

These are basically a conduit between the corporation and the government (department) of whatever nation the corporation is operating in.

The board name and the official "stipend" that comes with the post are low/innocent enough to not initiate any investigation, but the perks both ways are enormous.

New Jersey 2:52 Sat Aug 17
Re: EU Referendum 23rd June 2016 declares Cameron
It wouldn't surprise me, the sanctimonious prick! It's interesting that the super rich in the USA are more into philanthropy than the UK's!

Darlo Debs 2:46 Sat Aug 17
Re: EU Referendum 23rd June 2016 declares Cameron
Didn't Bono by 2 Lithuanian shopping centres through some dummy company or something as an avoidance scam.,(for want of a better word)

New Jersey 2:36 Sat Aug 17
Re: EU Referendum 23rd June 2016 declares Cameron
Willtell - Unfortunately companies such as google, Amazon, Starbucks have all been in the spot light for paying very little UK corporation tax compared to the profits generated in the UK.

The very hypocritical U2 channel all their profits into Holland where the tax is low for some strange reason.

The bearded hippy, Branson, channels all his profits into overseas accounts, but some how avoids all the flak!

Willtell 2:08 Sat Aug 17
Re: EU Referendum 23rd June 2016 declares Cameron
"These legal tax breaks for the man in the street are small beer compared to how companies and wealthy individuals can stretch the elastic limit of tax laws in order to mitigate tax commitments."


Give us an example please Comma? I can't think of one off hand!

Mike Oxsaw 12:14 Sat Aug 17
Re: EU Referendum 23rd June 2016 declares Cameron
It isn't surprising that big businesses get all the "breaks", given the practice of HMRC outsourcing taxation policy development to the "big 4/5", who, just by coincidence, like, also advise big corporations on tax beneficial strategies.

Don't bother preaching about separation and transparency here; the "big 4/5" are ONLY in it to make money for themselves and their shareholders, so if their left hand is being paid by HRMC and their right hand by big business, it wouldn't be that surprising for ideas & concepts to flow both ways, if only to reduce internal workload (costs) even if no actual information is exchanged.

A drink down the club/round of golf/bonding session has never been so popular...

Darlo Debs 11:44 Sat Aug 17
Re: EU Referendum 23rd June 2016 declares Cameron
*isn't worthy

Darlo Debs 11:42 Sat Aug 17
Re: EU Referendum 23rd June 2016 declares Cameron
Any non dom who preaches or tries to.influence us is worthy of anything but bile.

That includes the bloke who owns The Daily Mail.

Also its not simply about being a lefty, many businesses here have complained about these avoidance practices and have called for more to be done as its an unfair advantage that undermines British profits in British companies and therefore risks British jobs. As a brexiteer i.am.surprised that the issue doesn't bother you more. Apart from.the fact that you don't live in Britain of course.

, 11:40 Sat Aug 17
Re: EU Referendum 23rd June 2016 declares Cameron
Previous UK governments set up tax free savings accounts to encourage people to save, likewise with pensions the tax breaks were put in to persuade people to look after their old age provisions thus easing future government social outlays.

These legal tax breaks for the man in the street are small beer compared to how companies and wealthy individuals can stretch the elastic limit of tax laws in order to mitigate tax commitments. In fact to equate having an isa to equivalence with use of overseas tax havens is both risible and a deflection from what is really going on in terms of gaming the world wide tax situation.

Darlo Debs 11:32 Sat Aug 17
Re: EU Referendum 23rd June 2016 declares Cameron
Will i included big corporations yesterday at the beginning of this conversation.

Willtell 11:28 Sat Aug 17
Re: EU Referendum 23rd June 2016 declares Cameron
Darlo Debs

Now you're switching it to big corporations when it was the rich but really you know your position is just typical of socialist (Marxist) propoganda. Lowering taxes produces more revenue and how many traders do you know that don't declare cash...?

I Googled Vodaphone taxes and found this...

"As a major investor, taxpayer and employer, Vodafone makes significant contributions to the economies of all the countries in which we operate. In 2018, we contributed, directly and indirectly, €13.3 billion in cash to governments around the world."

Mind you you're correct about Google -
"Google shifted $23 billion to tax haven Bermuda in 2017: filing"

Lots of the world-wide corporations are doing it and that needs sorting out but as they're really American companies I'm not sure how Britain can police them.

The real people that sicken me are the likes of Richard Branson who comes to UK TV to lecture people about staying in the EU while living on a Caribbean island he bought to completely avoid paying tax...

"As a resident in the U.K., Branson would have to pay 50 percent of his income in taxes, compared to zero percent income taxes as a permanent resident on Necker Island."

Westside 11:26 Sat Aug 17
Re: EU Referendum 23rd June 2016 declares Cameron
Is a bit different to people putting earnings into an ISA or pension scale wise.

So if somebody came round your house and stole £20 without harming you and your family and property, that would be ok? As opposed to a blag the size of the Hatton Garden robbery, would be wrong.

Pension contribution tax relief costs the government over £30 billion pounds per year, very little of that from the wealthier (as contributions are capped for tax relief purposes). So if that avoidance scheme were stopped, be a nice nest egg for the government (might bugger the pensions industry and people saving for their old age though).

Westside 11:20 Sat Aug 17
Re: EU Referendum 23rd June 2016 declares Cameron
So you think the likes if Google, Vodafone etc are right to pay such a small percentage then Westside?

As long as it's legal, yes. If you want them to pay more, change the law.

Darlo Debs 11:17 Sat Aug 17
Re: EU Referendum 23rd June 2016 declares Cameron
So you think the likes if Google, Vodafone etc are right to pay such a small percentage then Westside?

Darlo Debs 11:14 Sat Aug 17
Re: EU Referendum 23rd June 2016 declares Cameron
Clearly the Paradise Papers doesn't mean anything to you people.

The fact that these people hid millions if their earnings in schemes to avoid paying the contributions on their actual earnings, is a bit different to people putting earnings into an ISA or pension scale wise. Also pensions usually taken out if earnings so people aren't hiding their actual income.

Westside 11:08 Sat Aug 17
Re: EU Referendum 23rd June 2016 declares Cameron
"Why do you think it acceptable for the wealthiest people and corporations not to contribute to the society in which they live or operate?"

Corporations contribute masses. Corporation tax revenues are at their highest ever levels, thanks to a reduction in its rate. Businesses pay huge amounts in Employers NI, business rates and compulsory pension contributions to employees.

Bearing in mind business's don't vote, so have no say in how their money is spent, don't get a state pension, universal credit or use the NHS, they more than do their bit.

Yes, I know their employees use the NHS etc, but said employees pay their income tax etc. Out of wages provided by business.

Willtell 10:54 Sat Aug 17
Re: EU Referendum 23rd June 2016 declares Cameron
Sorry forgot the link

https://www.google.com/search?q=UK+Income+tax+from+wealthiest&oq=UK+Income+tax+from+wealthiest&aqs=chrome..69i57j69i64.20554j1j7&sourceid=chrome&ie=UTF-8

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