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Should well known companies?
Its now clear that well known companies Starbucks,Amazon,Google and others use creative accounting schemes to avoid paying UK taxes. Should the UK government now get tough on these companies so that they pay their fare share of tax on earnings earned from sales of goods and services in the UK.?
6 Answers
- robert xLv 79 years agoFavorite Answer
Its a sign of the times, companies will do anything not to pay their fair share of taxes. The government ought to bring forward legislation , which says something like "if you do business and earn profits in the UK then you pay UK Taxes". end of, and if they then take avoidance measures then they ought to be prosecuted .
- David HLv 79 years ago
They should do - but they won't.!!
The UK government can't/won't get 'tough' on any worldwide company - because of these companies huge financial strength/monopolisation within the countries they operate in.
Isolate the trading access too....Amazon/Google/Starbucks + any other huge company outlet would result in a 'backlash' from the public - especially regarding elections etc....and no government is going to 'bring that on themselves'.!!
Governments all 'huff and puff' on these sorts of issues....but thats all - 'nothing' will/is going to change.
There are as many (if not more) companies still using tax loopholes - the 'only action' a government will take is....'against the peoples'....who are expendable all the time.
All governments/politicians will take a 'tough talking line' - with absolutely no intentions of going any further.
Money equals unlimited power - and these large corporations have all the money and power.
The 'square mile' (London Financial Banking Sector) controls these companies (Investment Investors etc) and it also controls these governments (loan lending etc)....nothing happens without 'their say so'.!!
A great idea....thats never ever going too get off the ground....'it won't be allowed'.!!
- bcnu111Lv 59 years ago
These same companies don't pay their fair of taxes in our own country, you think that they aren't going to find loopholes to not pay taxes in yours or any other for that matter? Usually companies like these are given lucrative incentives to take their businesses to foreign countries, so in part, it's the government's fault for allowing this yet tell their citizens that it is great because they will hire people.
- George BLv 69 years ago
Define "fair share."
Please note that the concept of "fair share" is a device manufactured for purely political purposes and otherwise has no specific meaning.
- 9 years ago
If they did not break your laws, then they paid "their fair share".