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It's not surprising when corporation tax is so high in this country.
IMHO corp tax should be varied depending on whether particular company provides local employment - there is extra tax gains on that, so it can be entirely justifiable for Vodafone to pay 10% corp tax (but in full without any cheats), on the basis that they provide substantial service and employment in this country. -
Thought this was going to refere to the Vodafone potentially owing India £2.5bn in unpaid taxes story.
Please do the needful and revert.Guy Fawkes - "The last man to enter Parliament with honourable intentions."Comment
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Originally posted by AtW View PostIMHO corp tax should be varied depending on whether particular company provides local employment - there is extra tax gains on that, so it can be entirely justifiable for Vodafone to pay 10% corp tax (but in full without any cheats), on the basis that they provide substantial service and employment in this country.
Why do we have corporation tax? Better to tax shareholders in full on dividends, and not tax companies on profits.Will work inside IR35. Or for food.Comment
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Originally posted by VectraMan View PostWhy do we have corporation tax? Better to tax shareholders in full on dividends, and not tax companies on profits.
Trouble with universal zero corp tax is that shareholders might reside outside of country where they pay 0% tax, or just be here but try to do the same (re BN66).
If company provides big employment, big service then in my view it should have smaller corp tax, where as if its a dirty spekulant then corp tax should be highest, and if not registered here for tax purposes then no operation on markets allowed (punishable by SAS in the event of non compliance).Comment
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Originally posted by AtW View PostIt's not surprising when corporation tax is so high in this country.
IMHO corp tax should be varied depending on whether particular company provides local employment - there is extra tax gains on that, so it can be entirely justifiable for Vodafone to pay 10% corp tax (but in full without any cheats), on the basis that they provide substantial service and employment in this country.How did this happen? Who's to blame? Well certainly there are those more responsible than others, and they will be held accountable, but again truth be told, if you're looking for the guilty, you need only look into a mirror.
Follow me on Twitter - LinkedIn Profile - The HAB blog - New Blog: Mad Cameron
Xeno points: +5 - Asperger rating: 36 - Paranoid Schizophrenic rating: 44%
"We hang the petty thieves and appoint the great ones to high office" - AesopComment
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Originally posted by Clippy View Post
http://forums.contractoruk.com/gener...avoidance.htmlCoffee's for closersComment
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Originally posted by Spacecadet View Post
I knew I had read a similar article recently - the PE article was very good.
Kudos for posting it a month ago.Comment
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