Tax Avoiders – Time to Put On the Pressure

George Osborne just one of the Artful Dodgers in UK today. http://www.leftfutures.org/2012/04/tax-lawyers-make-monkeys-out-of-the-government/

Asda, Google, Apple, eBay, Ikea, Starbucks, Vodafone: all pay minimal tax on massive UK revenues, mostly by diverting profits earned in Britain to their parent companies, or lower tax jurisdictions via royalty and service payments or transfer pricing.

Amazon, Facebook, Google and Starbuckshave paid just £30m tax on sales of £3.1bn over the last four years, according to a Guardian analysis. Apple is estimated to have avoided over £550m in tax on more than £2bn worth of underlying profits in Britain by channelling business through Ireland, according to a Sunday Times analysis, while Starbucks has paid no corporation tax in Britain for the last three years.

Cameron and Osborne wring their hands …. How about they start ringing the cash register instead.  Anything is possible – it’s just that these two privately educated ‘plods’ are not bright enough to think out of the box.  ‘Led by donkeys.’  So true, so true.

http://www.guardian.co.uk/commentisfree/2012/oct/30/roll-call-corporate-rogues-tax

http://www.tackletaxhavens.com/taxcast/

This entry was posted in Tax Dodging and tagged , , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.