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Re: £12 billion found for fatties

Posted: 29 Nov 2014, 18:37
by Kwacky
The companies are telling the UK government that they operate outside the UK

Re: £12 billion found for fatties

Posted: 29 Nov 2014, 18:39
by duke63
In my opinion they are blatantly flouting the law. Governments know it but are frightened to tackle it. There was an article a few weeks back saying how 2/3rds of Britain's biggest companies are having they tax affairs reviewed because they make them so complex to follow and the other third are only not being reviewed as HMRC do not have the staff to tackle it.

If small businesses tried the tactics they use to divert their profits out of the country then HMRC would refuse to allow the diversionary expenses (that the likes of Amazon/Starbucks etc are allowed to claim) and make them pay the tax in full.

Re: £12 billion found for fatties

Posted: 02 Dec 2014, 10:42
by D6
So if I start my own company all I need to do is set my office up abroad and never pay tax?

Re: £12 billion found for fatties

Posted: 02 Dec 2014, 11:34
by duke63
No tax paid in the UK yes. You just negotiate how much you want to pay with the government of whichever company you set up in.

Re: £12 billion found for fatties

Posted: 02 Dec 2014, 11:41
by Blade
Let's all work for tankslap.co.uk and base our head office in the IOM. We could be motorcycle consultants or something.

Re: £12 billion found for fatties

Posted: 02 Dec 2014, 11:44
by Kwacky
We could set up a front company for money laundering and tax evasion services.

"Tankslap Weather Advisory Team and Services"

Re: £12 billion found for fatties

Posted: 02 Dec 2014, 14:03
by D6
Kwacky wrote:We could set up a front company for money laundering and tax evasion services.

"Tankslap Weather Advisory Team and Services"
:D