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Take a Break! Non business, Not about Wrexham, Offtopic, Non controversial? Let your hair down in here...

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  #1  
Old 12-06-2012, 04:13 PM
 
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Default Tax and the Multi Nationals

It would appear that people boycotting Starbucks might actually be impinging on their so called non existent profits !! Why else would they decide to pay a nominal 10 million to HMRC for the next two years?
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  #2  
Old 12-06-2012, 09:07 PM
 
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Default Re: Tax and the Multi Nationals

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Originally Posted by wrexview View Post
It would appear that people boycotting Starbucks might actually be impinging on their so called non existent profits !! Why else would they decide to pay a nominal 10 million to HMRC for the next two years?
Think the starbucks case is very different to amazon and google ones as they actually make the coffees & retail in the UK. I'm quite sympathetic to Amazon's position.

I think HRMC and the governments are the real culprits here, because they have allowed the tax situation to happen. This isn't an overnight thing.
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Old 12-07-2012, 09:11 AM
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Default Re: Tax and the Multi Nationals

THE BIG LIE ON CORPORATION TAX Corporations dictate to Governments ,Starbucks is a prime example hence the G 20 summits attended by politicians and Government Leaders ,Finance Ministers ,Central Bank Governor's, Employment and Labour Ministerís ,large Company Directors and Corporation heads .We live in a Global economy so each individual country has to adhere to a general policy arrived at by these secret meetings .The minimum wage in this country increases approx 80p per year ,whereas inflation over the last 30 years has risen by approx 360%.The working man pays every time .Under EU rules Corporations can pay their Taxes to any Member State ,therefore they donít pay here in the UK but cheaper tax rated countries . BROKEN BRITAIN UNDER TORIES
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Old 12-07-2012, 06:09 PM
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Default Re: Tax and the Multi Nationals

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Originally Posted by simmo70 View Post
THE BIG LIE ON CORPORATION TAX Corporations dictate to Governments ,Starbucks is a prime example hence the G 20 summits attended by politicians and Government Leaders ,Finance Ministers ,Central Bank Governor's, Employment and Labour Ministerís ,large Company Directors and Corporation heads .We live in a Global economy so each individual country has to adhere to a general policy arrived at by these secret meetings .The minimum wage in this country increases approx 80p per year ,whereas inflation over the last 30 years has risen by approx 360%.The working man pays every time .Under EU rules Corporations can pay their Taxes to any Member State ,therefore they donít pay here in the UK but cheaper tax rated countries . BROKEN BRITAIN UNDER TORIES
Of course this was not the case under Labour. you also have come out with some interesting statistics care to back them up.

You have also compared the minimum wage increase with inflation over the last 30 years. Thats a poor comaprison as the minimum wage has not been around for 30 years.
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  #5  
Old 12-07-2012, 06:27 PM
 
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Default Re: Tax and the Multi Nationals

There is little difference between labour and tories on this one. Labour were exactly the same with the big global brands.

Remember the global brands are paying 20% Vat. Which runs in at about 15% of their so called 1.8bln over so many years.

The problem for the HRMC has been that starbucks, Google & amazon are based in other countries and have used GB has a warehouse/mailing depot rather than as a shop. Starbucks chose their offices in another country with cheaper taxes and the HRMC weren't wise enough to do anything about it.

HRMC chose to look the other way and concentrate on companies that can't afford expensive accountants. Nothing to do with so called secret meetings. Although I have no doubt many governments would have successfully lobbied by the global brands.

The only way to combat this is another VAT tier to companies that use the uk only for warehouse and distribution of their products or companies.

Remember it's not just big brands, 100 million the premierships football clubs made in profit but they only something like 3% of that between them.
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  #6  
Old 12-07-2012, 11:09 PM
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Default Re: Tax and the Multi Nationals

Kelloggs are another company that have moved head office to Ireland to reduce their tax
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  #7  
Old 12-08-2012, 06:52 AM
 
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Default Re: Tax and the Multi Nationals

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Originally Posted by Chris View Post
Kelloggs are another company that have moved head office to Ireland to reduce their tax
and so they should.

That's not their fault, but the fault of the GB government and Ireland now having a better and more competitive economy having dealt with austerity 100 times better that the tory government have or Labour planned.

Kelloggs does fall into the starbucks category, because they make their goods in the UK, as well as having a distribution network... but I have no problem with them having their european head office In Ireland for marketing and organisational tax reasons, however, they should still be taxed for manufacture and distribution...if they're not, that's successive Governments' fault
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Old 12-08-2012, 09:09 AM
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Default Re: Tax and the Multi Nationals

BROKEN BRITAIN UNDER TORIES
The fabric of modern Politics is woven with deceit and lies culminating in a well presented product but with basic material flaws that will not be sustainable for any length of time .You could assume that the hierarchy of the Tory Party act more like criminals than they do well read individuals .If they are an example of educated wealthy morally sound individuals then the majority of the British Public do not want to follow in their footsteps .For the Welfare Reform Bill to become Law skulduggery took an integral part .The process of any bill to become Law has to go through a process of it being proposed and then through different reading stages (Passage of a Bill - UK Parliament) .To hijack the process Cameron applied for the Bill to be considered for financial privilege ,placing a stooge within the Lords Grand Committee who sided with the Commons proposal and therefore overrode the Lords .He estimated that £5.5 billion would be saved over four years ,£54 billion could be raised if the tax rate for anyone earning over £1000,000 per year was increased to 50% .Cameron and his smug cohort Osborne the public purse thief (George Osborne's mortgage on paddock paid by taxpayers | Politics | guardian.co.uk) are overgrown infants playing in a sweet shop to the detriment of the public through poverty ,premature death and social cleansing .The situation has gone beyond reasonable logic being applied and the Tories should be thrown out ,replaced by a coalition of independants ,Ukip ,Liberals ,Labour and Tories but on an even footing .
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  #9  
Old 12-08-2012, 11:46 AM
 
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Default Re: Tax and the Multi Nationals

Simmo there have been hardly any difference between labour and the tories in their management of the uk or their manifestos since john major was in power. They are almost the same.

Labour, UKIP, Liberals and the Tories are almost all the same shade of thatcher blue. Neary all MPs (especially those in charge of each party) are from the same backgrounds.
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  #10  
Old 12-09-2012, 06:44 PM
 
Join Date: Jun 2012
Posts: 187
Default Re: Tax and the Multi Nationals

Interesting one this as I think can't think of many people who given the chance wouldn't do the same. Who can honestly say they wouldn't be interested if an accountant said to them tomorrow "if you do this with your income/company etc you will pay less tax and it's legal"?
I know i'd be signing forms there and then.
Starbucks are i believe about to move into the old Little Chef at J3 wonder if people will boycott them?
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