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    Global tax avoidance

    Posted by Scathing hatter on 9/6/2019, 22:42:50

    “The hypocrisy revealed by the Corporate Tax Haven Index is sickening. A handful of the richest countries have waged a world tax war so corrosive, they’ve broken down the global corporate tax system beyond repair. The UK, Netherlands, Switzerland and Luxembourg – the Axis of Avoidance – line their own pockets at the expense of a crucial funding stream for sustainable human progress. The ability of governments across the world to tax multinational corporations in order to pay teachers’ wages, build hospitals and ensure a level playing field for local businesses has been deliberately and ruthlessly undermined.

    “When our laws for taxing global corporations stop working, the global economy stops working for the vast majority of us. All around us we see inequalities go unaddressed, political extremism unchallenged and democratic institutions faltering – and the thread that runs through it all is a failure to defend progressive taxation. To curtail the corporate tax avoidance that costs hundreds of billions of dollars every year, governments must finally deliver international rules that ensure profits are declared, and tax paid, in the places where real economic activity takes place. Corporations should be taxed where their employees work, not where their ledgers hide.”

    -Alex Cobham, chief executive at the Tax Justice Network

    https://www.taxjustice.net/2019/05/28/new-ranking-reveals-corporate-tax-havens-behind-breakdown-of-global-corporate-tax-system-toll-of-uks-tax-war-exposed/

      Re: Global tax avoidance

      Posted by Alternative on 10/6/2019, 12:32:43, in reply to "Global tax avoidance"

      There are ways around this but no one has the bottle to do this.

      A Turnover tax in country has most multinationals sh@@@ing themselves. They argue it’s not fair when it’s a low margin business but it’s only low margin because of artificial transfer pricing of imported products and royalties paid overseas.

      We also stop all dual tax treaties where tax paid in the Netherlands is equivalent to tax paid in the UK. This would stop production and the residence of royalties being switched to low tax regimes.

        Re: Global tax avoidance

        Posted by Captain Right On on 10/6/2019, 13:16:03, in reply to "Re: Global tax avoidance"

        Double Dutch to me.

        Re: Global tax avoidance

        Posted by Lee on 10/6/2019, 11:19:29, in reply to "Global tax avoidance"

        To operate in this country you should pay the same tax as a normal person on the street does.

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