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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
  • 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
  • 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
  • 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
  • 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
  • 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
  • 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
  • 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
  • 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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