UK to tax multinationals that siphon profits into low-tax havens

Thursday, December 4th 2014 - 05:28 UTC

Full article 9 comments

Britain plans to introduce a tax to target multinationals such as Google and Amazon accused of using complex accounting schemes to cut their payments on earnings in the country. Read full article

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Giorgio C. Tsoukalos
And what country is behind all those low tax CRIMINAL havens??

Bermuda
Virgin Islands
Jersey
Channel Islands
Cayman Islands
Anguilla
etc
etc
etc???

What a stupid show. Who do they think they are fooling.
Dec 04th, 2014 - 02:44 pm - Link - Report abuse 0
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Skip
Sounds like a start. Australia is looking to follow suit and stop these companies that move their profits mainly to Luxembourg, Netherlands and Ireland.

I'm always happy for any extra billions that come my way.
Dec 04th, 2014 - 07:05 pm - Link - Report abuse 0
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gordo1
No.1

What an ignorant nabo you are! Luxembourg and the Republic of Ireland are the offenders.
Dec 04th, 2014 - 08:24 pm - Link - Report abuse 0
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Britworker
@1
I think you better look at head of the EU commission first.

http://www.ft.com/cms/s/0/4b87f3f0-7637-11e4-a777-00144feabdc0.html#axzz3KxoufjDI
Dec 04th, 2014 - 08:49 pm - Link - Report abuse 0
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USDollar
@3

Yup. Didn't Ireland just change their laws to make it harder to park cash in their country (tax rate).
Dec 05th, 2014 - 05:47 am - Link - Report abuse 0
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Giorgio C. Tsoukalos
Sorry Osborne, won't help you.

http://www.telegraph.co.uk/comment/personal-view/11266412/London-is-over...and-its-about-time-too.html

If London is so wonderful why are all the people trying to make a good life leaving it?
Dec 05th, 2014 - 05:59 am - Link - Report abuse 0
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golfcronie
@1
Have you read the story? It is not a criminal offence to pay taxes in another country but i think it unethical. If you receive money in country “ A ” then you should not be able to pay tax in country “ B ” just because the tax is lower in country “ B ”. Having said that a lot of high earners do that , just look at Messi being sued in Italy for that.
Dec 05th, 2014 - 10:17 am - Link - Report abuse 0
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paulcedron
“UK to tax multinationals that siphon profits into low-tax havens”

yeah, right...lol
they should fine themselves for being the capital of tax havens and money laundering
Dec 05th, 2014 - 07:48 pm - Link - Report abuse 0
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golfcronie
@8
I agree with you Paul. I suppose we will have to tax all your Government officials and Contractors to the Government for us looking after their laundered money.
Dec 06th, 2014 - 01:20 pm - Link - Report abuse 0
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