Slashdot Mirror
UK Chancellor Confirms Introduction of 'Google Tax'
mrspoonsi sends this report from the BBC:
Companies that move their profits overseas to avoid tax will be subject to a "diverted profits tax" from April, the chancellor has said. In his final Budget before the election, George Osborne said firms that aid tax evasion will also face new penalties and criminal prosecutions. The so-called "Google Tax" is designed to discourage large companies diverting profits out of the the UK to avoid tax. "Let the message go out: this country's tolerance for those who will not pay their fair share of taxes has come to an end," Mr. Osborne said. In 2012 it emerged that internet giant Google avoided tax on £10bn UK revenue in 2011 by doubling the amount of money put into a shell company in Bermuda. Doing so helped it avoid £1bn in corporation tax. Under the new tax regime, companies with an annual turnover of £10m will have to tell HM Revenue & Customs (HMRC) if they think their company structure could make them liable for diverted profit tax. Once HMRC has assessed the structures, and decided how much profit has been artificially diverted from the UK, multinationals will have only 30 days to object to the 25% tax.
No, Libertarians piss off both the left and the right. That's how we know we are correct.
Your respective quasi-religions are laughable to us...if they weren't so dangerous to freedom.
As usual, what never enters into the conversation, or your mind, is the simple observation that there never is a "fair tax". No, not for the reasons your memetic programming is giving you an itchy typing finger at the moment.
Rather, pay their fair share" is a sliding goalpoast meme used to justify ever greater spending as the years and decades drag on.
You could set their "fair share", and some years from now another politician, coveteous of power bought by lavishing bread and circuses, will re-introduce it as argument to increase taxes yet again.
Your soiled underpants are showing, dude.
(-1: Post disagrees with my already-settled worldview) is not a valid mod option.
Because people who have no money and nothing to lose lob off your head and take yours.
And here, children, we see the 'progressive' red in tooth and claw: "Give us your stuff, or we'll kill you and steal it!"