Embattle
FH is my second home
- Joined
- Dec 22, 2003
- Messages
- 13,223
Yes that great critic of tax avoidance and chair of PAC - http://www.telegraph.co.uk/finance/...on-2.1bn-of-business-generated-in-the-UK.html
Oh for God's sake, YOU PAY TAX ON PROFIT NOT TURNOVER.
but that company made profits of £65m
but that company made profits of £65m
If a company made a loss a previous year (or even several years ago) that loss may be offset against profits this (or in future) years. Moving tax losses around efficiently is a cornerstone of effective company management. A company has a duty to pay as little tax as possible within the law. Unless that changes, nothing else will.Oh the article is rather "short".
I do not know the laws in the UK for previous profits?
But what has dividends have to do with taxing on profits?
*cough* structural reform *cough*
be prepared to see multi-nationals scale down or pull out
Scouse said:That's a bullshit fallacy that keeps being bandied around when the evidence shows otherwise. There's still a load of money to be made in the UK.
the more I know the less I like and the more I hate the world tbh.
I was hoping you'd take a moment to consider the benefits of having these large corporations trading here. But no, its all about facepalms and flaming. Whilst not knowing jack about how corporation tax and dividends interact, which probably sums up the value of your thoughts on the subject to be fair.
I hate youThat's why last year I paid less than 10% on 70 grand
I hate you
I was hoping you'd take a moment to consider the benefits of having these large corporations trading here. But no, its all about facepalms and flaming. Whilst not knowing jack about how corporation tax and dividends interact, which probably sums up the value of your thoughts on the subject to be fair.
I don't literally hate you, except that I am in the same boat other than I am not my own boss and pay 33-52% tax on my earnings. (first tier 33, second tier 40 iirc and third tier 52)Don't hate me bud. Hate the system that doesn't just "allow" me to do that - it's set up for just that reason.
Tax is optional - governments know this (as many MP's take advantage of the same things) - and the "masses" get fucked over because they either don't believe in direct action - or haven't got the balls to take it. In fact, "the masses" hate people who do.
It's why I'm for systemic change. Unless the system is changed then I'm fucked if I'm going to voluntarily pay shitloads of tax when the rich don't have to.