Taxes - what taxes

[vetran]

You thought only Google dodges UK taxes? So do all the Brit firms ? The Register


Shock horror most corporates don't pay UK tax

[Mich the Tester]

Would it be wrong or disingenuous to suggest that a lot of companies do business or base themselves in Britain because it's easy to minimise their taxes? Would they stay if it was made harder?

[AtW]

Would they stay if it was made harder?

They would continue to do business in UK so long as it's profitable.

Will Sky quit lucrative UK market if they had to pay 20% corp tax on profits made in UK? I doubt it.

[DodgyAgent]

They would continue to do business in UK so long as it's profitable.

Will Sky quit lucrative UK market if they had to pay 20% corp tax on profits made in UK? I doubt it.

They would certainly be most foolish to pay more tax than they have to

[AtW]

They would certainly be most foolish to pay more tax than they have to

Yeah, that's what they think right now.

This thinking should change to - "we'd be foolish to fook with HMRC and go to jail instead of just paying 20% tax on massive profits we make in UK".

[Mich the Tester]

They would continue to do business in UK so long as it's profitable.

Will Sky quit lucrative UK market if they had to pay 20% corp tax on profits made in UK? I doubt it.

That's one company with a big customer base in the UK, primarily serving the consumer market. There are probably many others who are based in the UK but whose customers are mostly elsewhere, especially trading companies in minerals, chemicals, raw materials, shipbrokers and so on.

[DimPrawn]

Would it be wrong or disingenuous to suggest that a lot of companies do business or base themselves in Britain because it's easy to minimise their taxes? Would they stay if it was made harder?

Would we care if Sky or some tulip coffee franchise fooked off?

Answer.

No.

[DimPrawn]

That's one company with a big customer base in the UK, primarily serving the consumer market. There are probably many others who are based in the UK but whose customers are mostly elsewhere, especially trading companies in minerals, chemicals, raw materials, shipbrokers and so on.

Would they be the ones that have to buy a paperclip from the Cayman islands that costs £20bn wiping out their UK profits?

[Mich the Tester]

Would we care if Sky or some tulip coffee franchise fooked off?

Answer.

No.

No, but you'd care if lots of trading operations that hire contractors were to fook off.

[Mich the Tester]

Would they be the ones that have to buy a paperclip from the Cayman islands that costs £20bn wiping out their UK profits?

Yes, and hire IT contractors to build and test all that mathematical tulipe they run on superfast servers.