cyprusgrump wrote:Lordo wrote:in case you are wondering why our debt is going up rather than down, this explains it pretty well.
Typical socialist unable to understand the difference between sales and profit...The Groaniad wrote:Facebook’s UK operations paid £28m in corporation tax last year despite achieving a record £1.6bn in British sales.
The social media company’s latest UK accounts show that gross income from advertisers rose almost 30% last year to £1.65bn, and pretax profits surged by more than 50% from £63m to £97m.
So they paid £28m on £97m profit...
And tell us oh business expert, which of those companies you list are actually doing anything illegal...?
To quote another forum member, what a plonker...
it's because they siphon off the profits elsewhere. it is not that hard to work it out and hmrc should have this formula. if a company declares less than 3% of the turnover as tax, they are cheating the tax man.
Now we know that from starbacks. they declare no profit at all and in fact they have thousands of shops. now is starbucks really non-profit making organisation being run for theur staff and supliers or do they have something to hide, hang on a moment when the investigation was anounced about them suddenly they decided to pay 20 million in tax. what nice people they are, you asshole. what do you know about profit and loss and how to make profit and hide it.
I hate to bring the cangoroos in to the matter but look what happened to poor shell down under. i mean to be fined 755 million. i wonder how much they avoided and how. never mind they probaply are a good christian firm. i wander what happened to the accountancy firm who facilitiaed it.
https://www.theguardian.com/australia-news/2019/aug/25/ato-slugs-shell-with-755m-bill-in-fight-against-multinational-tax-avoidance
here is another one, it must be the fact that they walk upside down and all that blood goes into their little brain.
https://www.bbc.co.uk/news/world-australia-49017512
what we need is a 100 year punishment for any firm exectutive who helps people evade tax. that will stop it