Guest 716- Registered: 9 Jun 2011
- Posts: 4,010
The only message Starbuck is sending out is they `cheat` on paying UK Tax.............
Guest 698- Registered: 28 May 2010
- Posts: 8,664
The situation here is also muddied by the existence of double taxation treaties. The Americans always go out of their way to ensure that they are as one-sided as possible in their favour, forcing US corporations to pay most of their tax at home while ensuring that foreign companies pay their share in the US. As an aside, I would add that in the US, the IRS has real teeth whereas HMRC is not quite as effective.
I'm an optimist. But I'm an optimist who takes my raincoat - Harold Wilson
Guest 710- Registered: 28 Feb 2011
- Posts: 6,950
Nearly there...
"
Transfer Pricing
"Transfer pricing is the leading edge of what is wrong with international tax" - Lee Sheppard, Tax Analysts, August 2012
Basic Background
Transfer pricing is one of the most important issues in international tax.
Transfer pricing happens whenever two related companies - that is, a parent company and a subsidiary, or two subsidiaries controlled by a common parent - trade with each other, as when a US-based subidiary of Coca-Cola, for example, buys something from a French-based subsidiary of Coca-Cola. When the parties establish a price for the transaction, they are engaging in transfer pricing.
Transfer pricing is not, in itself, illegal or necessarily abusive. What is illegal or abusive is transfer mispricing, also known as transfer pricing manipulation or abusive transfer pricing. (Transfer mispricing is a form of a more general phenomenon known as trade mispricing, which includes trade between unrelated or apparently unrelated parties - an example is reinvoicing.)
It is estimated that about 60 percent of international trade happens within, rather than between, multinationals: that is, across national boundaries but within the same corporate group. Suggestions have been made that this figure may be closer to 70 percent.
Estimates vary as to how much tax revenue is loshet by governments due to transfer mispricing. Global Financial Integrity in Washington estimates the amount at several hundred billion dollars annually. A March 2009 Christian Aid report estimated $1.1 trillion in bilateral trade mispricing into the EU and the US alone from non-EU countries from 2005 to 2007..."
From...
http://www.taxjustice.net/cms/front_content.php?idcat=139Ignorance is bliss, bliss is happiness, I am happy...to draw your attention to the possible connectivity in the foregoing.
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
Reg - the message they are sending is that they are well run with effective tax planning.
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
Keith Sansum1
- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
They are well run????
clearly the message of the divide getting wider
matters not to some
ALL POSTS ARE MY OWN PERSONAL VIEWS
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
Correct Keith.
What matters are the right priorities, economic growth bringing more jobs and prosperity. That is what is needed not half baked redistribution that kills growth and opportunity for everyone. It is always the poor who suffer most from ill-considered socialist policies.
Guest 716- Registered: 9 Jun 2011
- Posts: 4,010
# 1487...the poor are now actually suffering from `ill-conceived`policies.......
Andrew Mitchell is almost the same as Plan ``A``....Cameron`s political life practically depends on him not doing his best trick
............``U`` turn........
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
Needed simply because of 13 years of economic mismanagement and an unsustainable level of government spending. The poor need to lay the blame squarely where it really belongs. Their only hope is to get public spending down, create a climate for economic growth and to never again vote for the Labour Party who create a problem for them in every period of office. I have said it before the poor's biggest enemy is Labour and their uncontrolled spending of other people's money.
Guest 710- Registered: 28 Feb 2011
- Posts: 6,950
The abusive boyfriend verses the violent husband...all over again.
"What is a girl to do?"
Ignorance is bliss, bliss is happiness, I am happy...to draw your attention to the possible connectivity in the foregoing.
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
There we have it then post 1487
the divide DOESN'T MATTER
ALL POSTS ARE MY OWN PERSONAL VIEWS
Guest 714- Registered: 14 Apr 2011
- Posts: 2,594
Alex Ferguson has taken advantage of tax loopholes, employing a firm of specialists. You must have heard of Sir Alex, the multi millionaire supporter of the labour party.
I hope the thousands of Utd fans across the UK are organising to loot the megastore at Old Trafford
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
the son of sir alex has been the subject of investigations over his business practices. never knew his dad was a reds fan on both counts.
Guest 710- Registered: 28 Feb 2011
- Posts: 6,950
If we are to assume, David, that all talk of Starbucks and it's tax eluding strategies is because they are a friend to Dave, we need not trawl around for examples from the left when we have the likes of TB staring us in the face.
That greed is not confined to the Right in politics may either come as a complete surprise...or a challenge to the Conservative propaganda/electioneering spin-doctors. It is hardly helpful to Party-politicise greed and so help to screw-fix it into the human psyche. Let us remember:Lefty-loosy, Righty-tighty.
Point scoring is easy done...
Is it a pro-paedophilia argument that all adults were children once?
Ignorance is bliss, bliss is happiness, I am happy...to draw your attention to the possible connectivity in the foregoing.
Guest 714- Registered: 14 Apr 2011
- Posts: 2,594
Indeed he is Howard, good for him I say, he comes from a shipbuilding background in Govan.
This is why I loathe the labour party in its current form, pretending to represent the working man while its high profile supporters are busy dodging tax. In other words, as Keith would put it, widening the divide.
I'm all for tax avoidance, you and I have had our differences in the past, its hypocrisy I can't abide.
Guest 698- Registered: 28 May 2010
- Posts: 8,664
Tax avoidance is everyone's personal duty to their family and their heirs. Tax evasion is criminal. Are there really still people out there who think avoidance and evasion are one and the same?
I'm an optimist. But I'm an optimist who takes my raincoat - Harold Wilson
Guest 714- Registered: 14 Apr 2011
- Posts: 2,594
Millions of them Peter
Guest 710- Registered: 28 Feb 2011
- Posts: 6,950
In an effort not to take the easy shot.
Evasion verses avoidance, is a matter of what is allowed and what is not.
How tax authorities have arrived at their classification of what is and is not permitted is a matter of historical development. However, the nature of this development is a matter of opinion. It should rightly be a matter of public opinion in any Democracy worthy of the name.
The reclassification of such matters may well form part of the argument come the election. Is not therefore the onus upon the Partys to attune their proposals to the thinking of the Electorate?
Right and Wrong seldom equates to what is lawful or otherwise, hence we get a difference of opinion, and a deal of hot-air, about taxation and human rights.
Ignorance is bliss, bliss is happiness, I am happy...to draw your attention to the possible connectivity in the foregoing.
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
that bloke from the chippy could have made it avoidance rather than evasion if he had the sort of accountants that the elite greedy ones can afford.
still - all's well that ends well, the shop is still open to serve an excellent meal up.
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
tom
your correct again
yes alex fergusan has been a reds fan
ALL POSTS ARE MY OWN PERSONAL VIEWS