Tech giants face 2% UK digital services tax

Post by coob » Mon, Oct 29, 2018, 10:15 PM UTC

blibble wrote: post #176

rwmj wrote: post #172

Earlier quoted context omitted.

Personal allowance (zero tax band) raised to £12,500 from April (in the Budget today). This gives money to richer voters because the higher your earnings, the more tax saved. But corporation tax takes money from rather anonymous entities, which of course affects voters too in the end but in a rather indirect way.

> This gives money to richer voters because the higher your earnings, the more tax saved. a rise of the zero rate equally effects anyone earning above the new zero rate threshold (regardless of how much they are above it [1]) a full time minimum wage employee earning ~£14,000/year gets exactly the same reduction in tax from this specific increase as an engineer on £90,000/year [1]: once you get above £100,000/year yo…

Post by vosper » Mon, Oct 29, 2018, 10:31 PM UTC

tomatocracy wrote: post #139

albertgoeswoof wrote: post #118

Earlier quoted context omitted.

The fairest way is to pay tax where you do business, you know, like you’re supposed to. It’s not really different for tech companies or global companies.

But it's much more complicated than that because the system is not meant to either incentivise or disincentivise insourced vs outsourced functions (and what you seem to be suggesting would create incentives for offshore outsourcing for them, which would be politically unpopular). And corporation tax is a tax on profits, not revenue (VAT already exists and is a tax on revenue and Amazon UK pays a very large amount of…

Post by rwmj » Mon, Oct 29, 2018, 10:39 PM UTC

blibble wrote: post #176

rwmj wrote: post #172

Earlier quoted context omitted.

Personal allowance (zero tax band) raised to £12,500 from April (in the Budget today). This gives money to richer voters because the higher your earnings, the more tax saved. But corporation tax takes money from rather anonymous entities, which of course affects voters too in the end but in a rather indirect way.

> This gives money to richer voters because the higher your earnings, the more tax saved. a rise of the zero rate equally effects anyone earning above the new zero rate threshold (regardless of how much they are above it [1]) a full time minimum wage employee earning ~£14,000/year gets exactly the same reduction in tax from this specific increase as an engineer on £90,000/year [1]: once you get above £100,000/year yo…

Post by Joe-Z » Mon, Oct 29, 2018, 10:40 PM UTC

chrisseaton wrote: post #60

Joe-Z wrote: post #48

Earlier quoted context omitted.

I don't get it. On the one hand you say you just wanted to make clear the distinction between the two terms, on the other you claim when facebook and Amazon are avoiding taxes that's the same as when ordinary people try to save for retirement. If you didn't want to be quoted on that you shouldn't have put that comparison in.

I don’t mind being quoted on anything. It’s either legal or it isn’t. For one you can prosecute, the other you can only criticise. It doesn’t matter if it’s a single person or a massive company. Either we have made the solemn decision as a country that it is prohibited with the force of the state punishing you, or we haven’t. It’s a huge difference. Think about it like this. The next time someone is really evading ta…

Post by tomcam » Mon, Oct 29, 2018, 10:43 PM UTC

mattmanser wrote: post #153

bepotts wrote: post #145

Earlier quoted context omitted.

English is the business language of the world. I highly doubt there's some tech epicenter near Brussels that would rival Silicon Valley (or even New York City, Seattle, or Austin) if only those companies spoke English. And sure being a Unicorn is everything, but it sure as hell isn't nothing. I have no doubt there there is a company in Europe doing something amazing, but Europe doesn't have a culture that continues t…

I remember some tech crunch reporter claiming they'd never heard of a nine figure tech sale in Europe, the same day as a local business in my home city (Nottingham) was sold for over £100 million. It's not that we don't have a tech industry in Europe, it's just that US tech reporters are often insular, ignorant and lazy.