ConDems crack down on tax avoidance
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A topic from News & Current Affairs: Business
laresSun 16/10/11 19:43 |
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...and make Vodafone pay their full £1,400 bill. |
markonseaSun 16/10/11 20:53 |
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Clever stuff, innit. Ya gotta admire people who understand all this money palaver. |
furryfeaturesSun 16/10/11 21:31 |
I agree that this sort of thing is morally wrong, even if legally OK, but how do you stop it? Just outlawing the practice won't have any effect on multinationals because they'll just move elsewhere where the practice is still allowed. So the solution has to be multilateral and I don't see certain countries, such as the US, playing ball. I think that the closest way to dealing with the problem might be to say that all large companies over a certain size are likely to do it and set other taxes on them to reflect this. But that won't work either because there's always a way around a problem. Perhaps the simplest and easiest solution is to set corporation tax so low that other countries' companies start using the UK as a tax haven. |
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