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UK 'a tax haven for multinationals' (2014)

bbc.com

41–50 of 56 posts

Re: UK 'a tax haven for multinationals' (2014)

#41
post #7

And don't forget the Channel Islands and Isle of Mann. Lots of sorta-British tax havens there.

You missed a few British territories. Cayman Islands, British Virgin Islands, Jersey, Isle of Man, and Bermuda is the full list I think. Makes statements from Cameron on the topic especially hypocritical.

Cyprus, malta, seychelles ...

Re: UK 'a tax haven for multinationals' (2014)

#42

Earlier quoted context omitted.

Obama by himself, no. But the executives from which he raised money will make him do and say anything they want.

No one can make a US president in his last year in office say anything.

TPP and the manner with which it was discussed proves otherwise... Obama is a moderate Republican, really.

https://theintercept.com/2015/05/12/cant-read-tpp-heres-huge...

http://www.theguardian.com/us-news/2015/jun/24/barack-obama-...

http://www.theguardian.com/business/2015/may/27/corporations...

Re: UK 'a tax haven for multinationals' (2014)

#44
post #40
post #27

Anyone else feel like the problem here isn't tax havens but the tax system. Is there a better approach than collecting taxes? What if inflation was used as a tax (printing money)?

That's why VAT is such a popular tax in Europe. It is very hard to evade. As soon as you spend money, you pay taxes.

What about VAT fraud? A couple of shell companies and not only have you evaded the tax, you've now profited from it.

Re: UK 'a tax haven for multinationals' (2014)

#45

Earlier quoted context omitted.

No one can make a US president in his last year in office say anything.

TPP and the manner with which it was discussed proves otherwise... Obama is a moderate Republican, really. https://theintercept.com/2015/05/12/cant-read-tpp-heres-huge... http://www.theguardian.com/us-news/2015/jun/24/barack-obama-... http://www.theguardian.com/business/2015/may/27/corporations...

Please explain to me how this proves or even just suggests that Obama was forced to say anything.

Re: UK 'a tax haven for multinationals' (2014)

#46
post #40
post #27

Anyone else feel like the problem here isn't tax havens but the tax system. Is there a better approach than collecting taxes? What if inflation was used as a tax (printing money)?

That's why VAT is such a popular tax in Europe. It is very hard to evade. As soon as you spend money, you pay taxes.

> It is very hard to evade.

Its pretty easy to get residence in a non-EU country and then reclaim the VAT when you return 'home'. Your 'non-EU' country can even be as close as Jersey.

Re: UK 'a tax haven for multinationals' (2014)

#47
post #44
post #40

Earlier quoted context omitted.

That's why VAT is such a popular tax in Europe. It is very hard to evade. As soon as you spend money, you pay taxes.

What about VAT fraud? A couple of shell companies and not only have you evaded the tax, you've now profited from it.

It's certainly possible, but still much harder to evade than a sales tax or an income tax.

Re: UK 'a tax haven for multinationals' (2014)

#48
post #40

Earlier quoted context omitted.

That's why VAT is such a popular tax in Europe. It is very hard to evade. As soon as you spend money, you pay taxes.

> It is very hard to evade. Its pretty easy to get residence in a non-EU country and then reclaim the VAT when you return 'home'. Your 'non-EU' country can even be as close as Jersey.

That works for physical goods, but not for a diner in London.

Re: UK 'a tax haven for multinationals' (2014)

#50
post #41

Earlier quoted context omitted.

You missed a few British territories. Cayman Islands, British Virgin Islands, Jersey, Isle of Man, and Bermuda is the full list I think. Makes statements from Cameron on the topic especially hypocritical.

Cyprus, malta, seychelles ...

All independent nations with no legislative connection to London unlike the territories.

Cyprus and Malta aren't even tax havens.

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