Cyprus-Forum.com

[Lordo]

Here is another one that has been started since 1985 and still going strong.

What do you know the cooperatives have a better survival rates than what you call normal business start ups.

Italian industrial co-operatives also have a better survival rate than other enterprises. Between 2007 and 2013, the survival rate of Italian enterprises was 48.30% (after 3 years from their creation), whereas co-ops set up after 2007 as a result of worker buyouts had a survival rate of 87,16%.



https://www.ica.coop/en/media/news/marcora-law-supporting-worker-buyouts-thirty-years

[Lordo]

What on earth can we do if there were no corporations on this earth. They are so vital in our survival that humanity will probaply collapse. I geuss they have not recovered their investment yet the poor things and when they do of course they will pay their taxes.

55 of the fuckers.

It is time the tax system moved from taxing profits to taxing turnover. It is the obly way they will be made to pay what they are supposed to do.

https://itep.org/55-profitable-corporations-zero-corporate-tax/

[Maximus]

Turnover is an aphrodisiac number.

Companies with high turnover can have a very low profit margin or even run at a loss.

How are you going to create a one size fits all tax system based on turnover? You cant.

Another great idea from our "business mogul", Bordos (not Bezos), the clueless wishful thinker.

[Lordo]

Turnover is an aphrodisiac number.

Companies with high turnover can have a very low profit margin or even run at a loss.

How are you going to create a one size fits all tax system based on turnover? You cant.

Another great idea from our "business mogul", Bordos (not Bezos), the clueless wishful thinker.

You really believe that companies run at a loss. You mean they declare a loss so they can claim money back in the future years so they do not have another route to avoiding tax.

Currently the corporation tax varies from about 5% to 35% depebding on which country a corporation decides to declare their profits. It can be as low as 5% of turnover.

So you reckon these 55 companies have made a loss which is why they have not paid taxes.

You see there is a reason why you are a toilet boy. Its because you are full of shit and I suspect you even fuckin eat it too.

Starbucks coffee chain declared a loss for about 10 years. The CEo was asked to explain how he could make a loss for 10 years and survive. He could not explain so he decided to pay some tax whether he shows profit or not. So he suddenly found 20 million to pay some tax. I bet he has a money tree somewhere.

So you see it is possible for a corporation to pay tax even though they declare no profit. Declaring a loss and actually making a loss is worlds appart.

Stupid boy.

https://www.bbc.co.uk/news/business-20624857

[Maximus]

You are no closer to answering the question.

How are you going to create a one size fits all tax system based on turnover?

[Lordo]

You are no closer to answering the question.

How are you going to create a one size fits all tax system based on turnover?

Very easily.

It does not need to be one size fits all. Tax system as it is is not one size fits all.

It can have a lower limit where if the turnover is less than say I suppose 1 million, they can operate on the profit system and higher it is on the turnover. You have to test it to see what people would pay on both systems and make a decision on what the cut off is. I am not aware of any company who actually makes a loss and stay in business for long. There is a lot that declare a loss but if you believe them you are just too simple.

You have these corporations who earn billions a year and avoid paying tax and you seem to accept it as normal. Like fuck it is.

[Lordo]

This shows why they are not going to end tax evation ever.

There are more people working on benefit fraud, but not 10 times more. 3,765 staff currently work at the DWP investigating benefit fraud and error, compared to 700 at HMRC who focus on the wealthiest individuals. Over 26,000 people at HMRC work on all tax enforcement and compliance.

Billions worth of fraud is being investigated by 700 tax inspectors whils benefit fraud which which wil be very small is investigated by 3765 tax inspectors. It is good to see that HMRC is has got ists priorities right.

[Maximus]

You are trying to end tax evasion based on turnover though right?

So here are three examples,

A trading company turns over $2,000,000 and has a profit margin of 5%.

A services company turns over $2,000,000 and has a profit margin of 50%

A trading and services company turns over $2,000,000, but it is reinvesting everything after expenses for growth.

You dont see the profit margin because you are only interested in turnover.

How are you going to create a tax system based on these three companies?

[Lordo]

You are trying to end tax evasion based on turnover though right?

So here are three examples,

A trading company turns over $2,000,000 and has a profit margin of 5%.

A services company turns over $2,000,000 and has a profit margin of 50%

A trading and services company turns over $2,000,000, but it is reinvesting everything after expenses for growth.

You dont see the profit margin because you are only interested in turnover.

How are you going to create a tax system based on these three companies?

Fuckin hell man I have never heard any company who is working on a less than 20% margin.

50% margin can pay full amout 10% tax
The company does not need to invest everything on growth they should pay their tax first and then invest whats left.

I notice you avoid the buggers who transfer their profit to the tax havems and pay zero tax.

The tax system does not need to be flat. The personal tax system is not flat. It start with 10% in the UK and goes upto 50%. And this will blow your mind, there is a tax free amount of 12000 where an individual does not pay any tax. But an individual does not get a chance to work out how much profit he has made after expenses, he pays tax on gross earnings. Even if he earns 15,000 a year he is taxed.
Why should a corporation that earns billions have such luxury.

You would think the corporations that have made billions extra due to the pandemic would pay a little more tax but you are wrong they still pay no tax. Your favourite Bezos especially.

Never mind boy see the tax as a dummy. One size fits all. Now there's a good boy shove it in the right hole and back to sleep now.

[Lordo]

Insurance companies during the pandemic have made record profits because people are reluctant to go for treatment in case they catch covid. Do you hear them return some of that money as a no claims bonus to the people? Not fucking likely.

Never mind the pharma companies who have also made billions during the pandemic, are they actually paying any tax?