Associate
Are there even enough jobs for everyone in the country to do? Doubt there ever will be.
Your dead right, tax evasion, avoidance or other financial jiggery pokery that helps big corporations keep their tax bill down is estimated to be in the region of £16 billion. Problem is, put pressure on this big guys to play the game and they sod off to another country and take the jobs with them.
according to an official Treasury forecast, benefits will cost £170.9 billion in 2010/11. ... Income tax revenue from workers will only be around £150 billion - scary
What's wrong with tax avoidance? Perfectly legal.
What's wrong with tax avoidance? Perfectly legal.
Having said that, according to an official Treasury forecast, benefits will cost £170.9 billion in 2010/11. That is equal to what the Government will spend on the NHS, schools and universities combined. Income tax revenue from workers will only be around £150 billion - scary
But, as they've moved offshore, there's no way you can start demanding tax from companies that (1) aren't based here and (2) aren't generating their money here. The majority of 'avoidance' using this arrangement is that their foreign income isn't taxed in the UK - so it's only really good for multinationals. Any profits generated in the UK are still taxed in the UK. Though transfer pricing might be stretched to the limit of believability to make sure that's as low as possible.Yes it's legal but when you have multi million pound businesses like, for example, Boots, paying around 2% corporation tax because they've moved offshore you have to ask is it right, when the average working man is getting rogered senseless.
Helps if a certain class of people didn't get away with tax evasion too that you seem to have missed off your list.
Whats wrong with being on Benfits? Perfectly legal ?