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Post by Pacifico on Sept 1, 2023 7:32:13 GMT
Well this is a new argument from the Left - we should have higher taxes for our own good. Given that we currently have a 'cost of living crisis' I'm struggling to see what world you would live in to believe that higher taxation would be a benefit to people..  |
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Taxation
Sept 1, 2023 7:38:14 GMT
via mobile
Post by walterpaisley on Sept 1, 2023 7:38:14 GMT
Taxes SHOULD be higher on higher earners. Compared to many, we're a low tax economy - and for the richest, tax becomes almost optional. (A few years ago I had dealings with a man who proudly declared that - for all his millions - he paid less tax than his P.A. Disgusting.)
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Post by Pacifico on Sept 1, 2023 7:41:47 GMT
Taxing some millionaire is not going to make the man on the Clapham Omnibus better off if the purpose is to drive the behavior of the man on the Clapham Omnibus in a different direction.
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Post by walterpaisley on Sept 1, 2023 7:58:11 GMT
Maybe, but the very fact he's already using a bus rather than a private car is a hopeful sign.
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Post by Fairsociety on Sept 1, 2023 9:31:32 GMT
Not ordinary people but corporate giants like Google... and many others
Google UK pays just £50m of tax on revenues totalling £1.8bn, while staff are paid almost £1.25bn
The £50m payment follows years of controversy around the tech company’s tax arrangements
£50m tax bill is not proportionate to £1.8bn revenue.
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Post by Steve on Sept 1, 2023 9:38:34 GMT
Taxes SHOULD be higher on higher earners. Compared to many, we're a low tax economy - and for the richest, tax becomes almost optional. (A few years ago I had dealings with a man who proudly declared that - for all his millions - he paid less tax than his P.A. Disgusting.) Yes for a developed nation we are a low tax economy but don't go after the earners, go after the rich (not the same thing), unearned dividends and those businesses that think importing all their product is a good thing |
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Taxation
Sept 1, 2023 9:42:16 GMT
via mobile
Post by dappy on Sept 1, 2023 9:42:16 GMT
Not ordinary people but corporate giants like Google... and many others Google UK pays just £50m of tax on revenues totalling £1.8bn, while staff are paid almost £1.25bn The £50m payment follows years of controversy around the tech company’s tax arrangements £50m tax bill is not proportionate to £1.8bn revenue. No idea if your figures are right but you don’t pay corporation tax on turnover you pay on profit. If labour costs are taking such a big proportion of turnover, unlikely to be much profit left after other costs. They are though on your figures paying around £300m in each of VAT and payroll taxes. |
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Post by Fairsociety on Sept 1, 2023 9:47:02 GMT
Not ordinary people but corporate giants like Google... and many others Google UK pays just £50m of tax on revenues totalling £1.8bn, while staff are paid almost £1.25bn The £50m payment follows years of controversy around the tech company’s tax arrangements £50m tax bill is not proportionate to £1.8bn revenue. No idea if your figures are right but you don’t pay corporation tax on turnover you pay on profit. If labour costs are taking such a big proportion of turnover, unlikely to be much profit left after other costs. They are though on your figures paying around £300m in each of VAT and payroll taxes. Well to be fair I have double checked, I am going on what I remember but it does appear they were shamed in to paying more.
Google’s UK tax bill jumps from £50m to £200m
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Post by Steve on Sept 1, 2023 9:50:52 GMT
Yes the issue of taxing multinationals profit where it is earned still needs sorting.
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Post by wapentake on Sept 1, 2023 9:54:51 GMT
Maybe, but the very fact he's already using a bus rather than a private car is a hopeful sign. And not jetting off to work on a plane too  |
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Post by Bentley on Sept 1, 2023 10:16:59 GMT
Multi national companies /financial institutions seem to be collectively more powerful than governments.
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Post by Pacifico on Sept 1, 2023 10:38:53 GMT
Maybe, but the very fact he's already using a bus rather than a private car is a hopeful sign. Yes buses are great - they keep the poor off the roads and allow the rest of us to drive unrestricted.. |
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Post by Pacifico on Sept 1, 2023 10:41:10 GMT
Not ordinary people but corporate giants like Google... and many others Google UK pays just £50m of tax on revenues totalling £1.8bn, while staff are paid almost £1.25bn The £50m payment follows years of controversy around the tech company’s tax arrangements £50m tax bill is not proportionate to £1.8bn revenue. It's not supposed to be |
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Post by Fairsociety on Sept 1, 2023 10:46:30 GMT
Not ordinary people but corporate giants like Google... and many others Google UK pays just £50m of tax on revenues totalling £1.8bn, while staff are paid almost £1.25bn The £50m payment follows years of controversy around the tech company’s tax arrangements £50m tax bill is not proportionate to £1.8bn revenue. It's not supposed to be Well UK Corporate tax is 25%, so using those figures and that revenue the tax bill would be closer to over £300m |
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Post by Pacifico on Sept 1, 2023 10:51:09 GMT
Well UK Corporate tax is 25%, so using those figures and that revenue the tax bill would be closer to over £300m As was pointed out earlier - we tax profits not revenue. |
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