RE: Tecs17 Jan 2025 12:42
HH,
I would approve of some sort of online sales tax and there should be much more emphasis on transfer pricing tax dodges. The idea that Starbucks etc can pay royalties to Starbuck TaxHaven Inc such that they run their UK operations at a 'loss' is just wrong; they should be paying their taxes on profits just like the little man.
Similarly, if Starbucks [for instance] invests in the UK the money they invested should be capital not a loan; too many of these greedy corporations structure themselves such that they pay more in interest [and royalties, franchise fees, licensing fees etc] to an offshore company than they declare as operating profit.
Unfortunately GOV like these predatory businesses as they know that VAT and employerment taxes will be efficiently collected.