Nope, it's not simple. There are all sorts of wrinkles to be determined. However, I have a proposal - currently, multi-nationals create artificial structures to reduce their tax bills and it is up Westminster to create legislation to block the loophole after it is discovered ... and rinse and repeat. There should be the facility for HMRC to be able to determine ahead of legislation when tax is being artificially avoided and stop the "legal scam" there and then. The onus is then up to the multi-national corporation to prove that the structure is real, not just a tax-avoidance scheme. The trouble with this is such a set-up will anger other countries' governments who rely upon the income stream they receive from the artificial construct. What you gonna do?
Where does company expenditure fit into this, the difference between expenditure and income being profit ?
Thank you for the education, I had no idea thats how it worked. I dunno, er, maybe a cross charging mechanism which is laid out within the accountacy rules of businesses that transact across borders, such as Starbucks, and companies that clearly dont, like debenhams, kick them out as the greedy thieves they are...pay up or pee off Or, how about editda becomes the measure by which tax is actually paid...I'm a simple pleb, its not for me to solve, but I have every right to criticise
Oh and making it illegal practice to capitalise internal costs si you end up internal cross charging ,ore than the cost of employment to do it...
Can you be a lefty without being lefty scum ? Of course you can. As I have said before, the Scots are conservative by nature.
ok if yer not sick of it already, what do you think of this?. Tories plot to strip Scots MPs of budget vote | Scottish National Party
