How would you feel about paying 15% more for your online goods?

In the end all this means is we end up having to pay more for stuff. We aren't going to benefit from the extra tax money the country makes. MPs will probably give themselves another big pay rise and it'll be gone.
 
Bouton Aide said:
Doesn’t matter the general public will always pay.
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Nasher said:
In the end all this means is we end up having to pay more for stuff. We aren't going to benefit from the extra tax money the country makes. MPs will probably give themselves another big pay rise and it'll be gone.
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That's life.

But we will benefit. Having a universally adopted tax rate on these companies that they cannot avoid by moving profits around is a big plus. They are just the modern equivalent of pirates and should be treated accordingly.
 
Hagar said:
That's life.

But we will benefit. Having a universally adopted tax rate on these companies that they cannot avoid by moving profits around is a big plus. They are just the modern equivalent of pirates and should be treated accordingly.
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Well the poorer countries that used to take a % to let them do it lose out
 
There’s lots of evidence in the that special tax deals don’t really benefit the citizens where those deals are made.

Just look at all the deals large companies make to reduce local taxes if they base their business in a particular location in the states.
 
Gibbs said:
The only one with sense fancy, a pint mate?

Like ones in here saying they'll pay an extra 15% no problem, while the NHS is on its knees, nurses crying looking for a pay raise, let's all clap for key workers, but here take a 1% pay rise if you're lucky but we will jack the price of everything by 15%

WTF lads?
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haha next time im in Belfast sure! :cry::p

Glad to see other people get this as well, it's really not difficult, I absolutely don't get the concept in society of making life even easier for those that already have it the easiest it can possibly be (billionaires), yet people dislike poor/homeless people getting help.....when helping all the worlds poor would cost billions less than what rich people already get away with in tax breaks.
 
What would stop a country in the middle of Africa charge 10% and for companies to move their headquarters there?

There needs to be another rule brought in so companies can't dodge the 15%.

Though interestingly these big companies want to be taxed according to their comment about the story.
 
BowdonUK said:
What would stop a country in the middle of Africa charge 10% and for companies to move their headquarters there?

There needs to be another rule brought in so companies can't dodge the 15%.

Though interestingly these big companies want to be taxed according to their comment about the story.
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They can't dodge it like that anymore. That is what the change was.

At the moment Microsoft etc officially operate out of a caravan in Bermuda, so they don't pay any tax.
 
Dirk Diggler said:
I'd rather live in a higher taxed country like the UK than a lower taxed area like Bangladesh. People who think that higher taxes for these tech companies are a bad thing really need to think about why tax exists in the first place.

Then again, over the past few decades we've evolved into a global community of short sighted selfish idiots, so I won't be holding my breath.
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Absolutely.
Without tax everything would fall apart. Your bins collected? Forget it.

The big corps have done an amazing job. You can see people who love amazon and the 'American dream' where by crushing everyone smaller than you is the right thing. Worried about thier stuff getting a bit more expensive.

And that the high Street should die. (it probably will) without making changes to recoup the tax lost.

But few seem to have a solution to how the massive tax short fall will bbe made up.

How long before the NHS gets thrown under the bus? Because we are moving to the American mentality over wealth.
 
Amazon, don't use it.
Microsoft. Since windows 7 and Office 16, only used for free upgrades.
Facebook, don't use it. Or any SM.
Google, yes as a search engine.

OCUK, YES FOR THE WIN. :D
 
I don't like it but it's a better alternative than Amazon and co putting the high street and all other competitors out of business and then putting their prices up by 15% or more when they have a total monopoly.
 
I still think all auditing of financial statements should be done by the government. Nationalise the big 4. There's a massive conflict of interests in a company paying another company to say that its financial statements are a-okay, when both of those companies also have an financial interest in how they're prepared. The economic substance of the transactions involved in these ridiculous tax arrangements would've been on the political agenda and solved decades ago... but no, let's employ the same company to verify that our financial statements are compliant AND also advise us on how we should structure our company to avoid paying tax where its due. People from the industry say that the parts of these firms are separated but its complete nonsense.
 
MichaelAwkward said:
I still think all auditing of financial statements should be done by the government. Nationalise the big 4. There's a massive conflict of interests in a company paying another company to say that its financial statements are a-okay, when both of those companies also have an financial interest in how they're prepared. The economic substance of the transactions involved in these ridiculous tax arrangements would've been on the political agenda and solved decades ago... but no, let's employ the same company to verify that our financial statements are compliant AND also advise us on how we should structure our company to avoid paying tax where its due. People from the industry say that the parts of these firms are separated but its complete nonsense.
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It’s not the big 4s job to police the tax system, it’s their job to make sure the business pays the amount that is legally due. It’s the governments job to set how much that it and to police it.

Auditing financial statements is completely different to tax, it’s to show the accounts are a true and fair view for investors and other company stakeholders. Certain lines of company accounts are treated very differently for tax purposes and accounts purposes (e.g. depreciation). Taxable profit and accounting profit can be two very different numbers.

Everyone still seems to be missing the key point of this agreement, it isn’t the minimum tax rate it’s that profit made from U.K. customers is taxed in the U.K. (the same for France, Germany, etc.). The minimum rate is irrelevant because it’s determined by the country where the customers live and in reality shuts down the race to the bottom when it comes to corporate tax. Also the headline rates are one thing but there are loads of other ways countries can reduce the bill through reliefs etc.
 
Combat squirrel said:
Some of the comments in this thread are mind blowing. Poor ocuk'rs are defending multi billion $ companies by saying they pay tax they are obliged to.......what planet do I live on.
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because they don't see it as a tax the company will pay they see higher prices and a tax on themselves
 
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