Arcadia is a UK brand for the most part, but people like UKuncut say that the best solution is country-by-country reporting for profits. Arcadia does pay full tax on profits. Same for Vodaphone, Vodaphone Germany pays taxes in Germany.
I'd rather you were taxed where you live and work only, if you live in one place and work in another it becomes more complex, the US thing of claiming taxes from people that don't live there is just iffy to me, but it's their country.
So which LD policy is the Govt. implementing
Well, 75% of the manifesto according tot he BBC, but specifically Osborne closed a large number of corp tax loopholes in the budget and plans to close more, they've also set up a tax simplification commission which has already identified a huge number of different tax breaks that can be closed (the Treasury actually didn't know how many different tax breaks there were, how useless is that?).
Plus, there's been a massive injection of funds into the tax avoidance/corporate tax compliance department at HMRC, with the stated objective of trying to reduce avoidance by at least a quarter, preferably more.
It's one of those Govt policy announcements that gets reannounced every so often because no one noticed the first time, but no one notices again, it got the most publicity when Danny Alexander announced it in his speech at conference, but that wasn't as much as we'd like, etc.
no subject
I'd rather you were taxed where you live and work only, if you live in one place and work in another it becomes more complex, the US thing of claiming taxes from people that don't live there is just iffy to me, but it's their country.
Well, 75% of the manifesto according tot he BBC, but specifically Osborne closed a large number of corp tax loopholes in the budget and plans to close more, they've also set up a tax simplification commission which has already identified a huge number of different tax breaks that can be closed (the Treasury actually didn't know how many different tax breaks there were, how useless is that?).
Plus, there's been a massive injection of funds into the tax avoidance/corporate tax compliance department at HMRC, with the stated objective of trying to reduce avoidance by at least a quarter, preferably more.
It's one of those Govt policy announcements that gets reannounced every so often because no one noticed the first time, but no one notices again, it got the most publicity when Danny Alexander announced it in his speech at conference, but that wasn't as much as we'd like, etc.