So called “ tax dodging” is a massively exaggerated media myth, based on poor understanding of how international corporations have to work, and so called “ avoidance” is simply working within the rules which you claim is fair.Originally Posted by creaky
All businessmen are accused of sharp practice, and for the vast majority it is unfair.
I used similar mechanisms to repatriate profit to the UK , just as US companies are obliged to repatriate profit there, it is after all where all the money was invested into intellectual property, so charging regional subsidiaries for the IPR ( cost of developing! ) and avoiding double taxation is sensible.
Because of the way the US system works, US companies cannot afford to repatriate money if they want to avoid double taxation. It is why some hold IPR offshore.
Look at cause Celebres: take the Accounts of an apple for example and see they pay tax at eyewatering rates close to 30 percent. Look at amazon see it reinvests every penny, so it doesn’t make any money! That’s why it pays little tax.
Facebook pays little but it only has a small set up here and because employees are paid highly , personal tax is far higher than corp tax, so the taxman wins by that!
Tax allowances are a necessary part of making tax systems function, and corporation tax is an unfair and unnnecessary double tax to begin with, based on an opinion not a fact called profit. There is no right answer to transfer pricing, despite the EU determination to screw apple.
All are tax dodgers in the same sense.
I bet you are too!
I have no idea who you are, I will wager you take the tax relief on pension payments. And So you too are a tax dodger with “ intent”
There is no obligation to donate tax over the minimum required by the system.
Very little tax is paid by the bottom half of society, and the lowest part are given credits, so they are the best tax dodgers of all, they are net recipients!
Public sector employees using the HMRC multiplier for pension limits are screwing the taxman royally. The rule makers make rules that benefit themselves. And with them the public sector generally.
You cannot accidentally early retire, all of public sector know the retirement age.
MPs knew the math when they decided to cheat the taxpayer out of all the tax they ever pay.
The problem is put people in charge of other people’s money, and they are all creative about claiming sone of it.
The fact that others are screwing the system doesn’t make it right.
