Firms grilled over tax avoidance

Jimbuna · 11-12-12, 02:09 PM

I wonder how many countless millions these companies are avoiding from paying over the years

Quote:

Starbucks admitted the Dutch government had granted a special tax deal on its European headquarters, which receives royalty payments from its UK business.

Quote:

Amazon and Google also confirmed they used favourable European tax jurisdictions for their UK businesses.

Quote:

Amazon's sales are handled out of Luxembourg, while Google's advertising space is sold by a team in the Republic of Ireland, the executives confirmed

How convenient

http://www.bbc.co.uk/news/business-20288077

AVGWarhawk · 11-12-12, 02:24 PM

The world is loaded with tax havens for just about anyone. Join one today!

The Enigma · 11-12-12, 03:16 PM

I'm living in the Netherlands, but fail to achieve the same deal as Starbucks has.

Perhaps there is something wrong with my home made coffee?

Jimbuna · 11-12-12, 03:27 PM

Quote:

Originally Posted by The Enigma

I'm living in the Netherlands, but fail to achieve the same deal as Starbucks has.

Perhaps there is something wrong with my home made coffee?

I must admit when I was living and working in Holland I didn't pay tax but my income went into my British based company account and UK tax as well as National Insurance contributions were charged on any company account withdrawals at the British rates in force at the time.

The Enigma · 11-12-12, 03:42 PM

Jim, was this a long time ago?

I thought that tax rules applied from the country were you actually got payed.

So when I am working in Germany while living in the Netherlands, I have to pay taxes in Germany.

geetrue · 11-12-12, 04:35 PM

They are talking about tax increases here in the USA by letting the Bush era tax cuts go Jan1st. They say it will hurt business and that they won't grow or invest in new business.

Perhaps it's the same over there with more taxes meaning less business growth.

GE general electric is a huge company with five billion dollars a year in profit and they pay no taxes with an offshore bank in Bermuda.

Big business knows how to save big money or else bribe someone

Buddahaid · 11-12-12, 04:45 PM

Be nice to figure my household as a business and offshore so I don't pay tax either.

Seriously if a US company offshores profits then moves manufacturing overseas, they are not a US company anymore. Shouldn't they pay import tariffs?

GE is also a huge gouger in their medical division, as well as Philips. Half of maintenance budget in my health system goes to GE, Philips, and Toshiba for only a few high ticket imaging systems. $350.00/hr labor rates for even the greenest tech who spends all his time on the phone getting help.

Stealhead · 11-12-12, 09:23 PM

One hundred years from today I feel confidant that there will be no sovereign nations there will only be massive corporations.People will be "corporate citizens".

I am not saying that I like this idea but it seems pretty clear that this is the road we have been headed down for a while now.Maybe it wont be all that much different than our modern world corporations strive for power just as nations do.

Whoops I meant to type confident not confidant but its funny so I'll leave it.

11-12-12, 09:32 PM

I'm gonna secede from the U.S.A. then declare war on it.
Once them bomb me to hell?
I should get millions to rebuild!!
We call it 'The land of your Momma'.
We have a simple Constituition.
"If Momma ain't happy? Ain't nobody happy!"

Stealhead · 11-12-12, 09:52 PM

Quote:

Originally Posted by privateer

I'm gonna secede from the U.S.A. then declare war on it.
Once them bomb me to hell?
I should get millions to rebuild!!
We call it 'The land of your Momma'.
We have a simple Constituition.
"If Momma ain't happy? Ain't nobody happy!"

I would just secede you never know a lot of people might join you.

Catfish · 11-13-12, 04:24 AM

Maybe the flag will then lose some stars ?
Here is the secession partition:

"Patriot update"

(who knows, maybe they could reintroduce slavery)
http://patriotupdate.com/32631/seces...from-20-states

Obama has won, the world will end.
Socialism, communism OMG OMG -> DRAMA

Jimbuna · 11-13-12, 09:33 AM

Quote:

Originally Posted by The Enigma

Jim, was this a long time ago?

I thought that tax rules applied from the country were you actually got payed.

So when I am working in Germany while living in the Netherlands, I have to pay taxes in Germany.

I was running a Limited Company (Ltd) registered in the UK and all payments were made directly into my UK company account.

STEED · 11-13-12, 10:55 AM

What do you think legal accountants are for? Making the coffee not on your Nelly, they are there to scan for loopholes in the law and to keep ten steps in front of the law.

Jimbuna · 11-13-12, 11:11 AM

Quote:

Originally Posted by STEED

What do you think legal accountants are for? Making the coffee not on your Nelly, they are there to scan for loopholes in the law and to keep ten steps in front of the law.

Actually the wifes cousin is an accountant so I saved on the accountancy fees....a family loophole

STEED · 11-13-12, 11:13 AM

Quote:

Originally Posted by jimbuna

Actually the wifes cousin is an accountant so I saved on the accountancy fees....a family loophole

Just to let you know jim the chances of you being banged up or fined are zero.

11-12-12, 03:16 PM	#3
The Enigma Seer of visions Join Date: Mar 2005 Location: Under the surface Posts: 2,315 Downloads: 31 Uploads: 0	I'm living in the Netherlands, but fail to achieve the same deal as Starbucks has. Perhaps there is something wrong with my home made coffee? __________________

11-12-12, 03:42 PM	#5
The Enigma Seer of visions Join Date: Mar 2005 Location: Under the surface Posts: 2,315 Downloads: 31 Uploads: 0	Jim, was this a long time ago? I thought that tax rules applied from the country were you actually got payed. So when I am working in Germany while living in the Netherlands, I have to pay taxes in Germany. __________________

11-12-12, 04:35 PM	#6
geetrue Cold War Boomer Join Date: Jan 2002 Location: Walla Walla Posts: 2,837 Downloads: 5 Uploads: 0	They are talking about tax increases here in the USA by letting the Bush era tax cuts go Jan1st. They say it will hurt business and that they won't grow or invest in new business. Perhaps it's the same over there with more taxes meaning less business growth. GE general electric is a huge company with five billion dollars a year in profit and they pay no taxes with an offshore bank in Bermuda. Big business knows how to save big money or else bribe someone __________________

11-12-12, 04:45 PM	#7
Buddahaid Shark above Space Chicken Join Date: Jun 2008 Posts: 9,319 Downloads: 162 Uploads: 0	Be nice to figure my household as a business and offshore so I don't pay tax either. Seriously if a US company offshores profits then moves manufacturing overseas, they are not a US company anymore. Shouldn't they pay import tariffs? GE is also a huge gouger in their medical division, as well as Philips. Half of maintenance budget in my health system goes to GE, Philips, and Toshiba for only a few high ticket imaging systems. $350.00/hr labor rates for even the greenest tech who spends all his time on the phone getting help. __________________ "However vast the darkness, we must provide our own light." Stanley Kubrick "Tomorrow belongs to those who can hear it coming." David Bowie

11-13-12, 10:55 AM	#13
STEED Lucky Jack Join Date: Jan 2006 Location: Down Town UK Posts: 27,695 Downloads: 89 Uploads: 48	What do you think legal accountants are for? Making the coffee not on your Nelly, they are there to scan for loopholes in the law and to keep ten steps in front of the law. __________________ Dr Who rest in peace 1963-2017. To borrow Davros saying...I NAME YOU CHIBNALL THE DESTROYER OF DR WHO YOU KILLED IT!

11-12-12, 02:24 PM	#2
AVGWarhawk Lucky Jack Join Date: Jun 2005 Location: In a 1954 Buick. Posts: 28,255 Downloads: 90 Uploads: 0	The world is loaded with tax havens for just about anyone. Join one today!

11-12-12, 09:23 PM	#8
Stealhead Navy Seal Join Date: Feb 2009 Location: Kentucky Posts: 5,421 Downloads: 85 Uploads: 0	One hundred years from today I feel confidant that there will be no sovereign nations there will only be massive corporations.People will be "corporate citizens". I am not saying that I like this idea but it seems pretty clear that this is the road we have been headed down for a while now.Maybe it wont be all that much different than our modern world corporations strive for power just as nations do. Whoops I meant to type confident not confidant but its funny so I'll leave it.

11-12-12, 09:32 PM	#9
Madox58 Stowaway Posts: n/a Downloads: Uploads:	I'm gonna secede from the U.S.A. then declare war on it. Once them bomb me to hell? I should get millions to rebuild!! We call it 'The land of your Momma'. We have a simple Constituition. "If Momma ain't happy? Ain't nobody happy!"

11-13-12, 04:24 AM	#11
Catfish Dipped Squirrel Operative Join Date: Sep 2001 Location: ..where the ocean meets the sky Posts: 17,766 Downloads: 38 Uploads: 0	Maybe the flag will then lose some stars ? Here is the secession partition: "Patriot update" (who knows, maybe they could reintroduce slavery) http://patriotupdate.com/32631/seces...from-20-states Obama has won, the world will end. Socialism, communism OMG OMG -> DRAMA

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