UK and Germany agree crackdown on tax loopholes for multinationalscartesiandaemonNovember 15 2012, 13:28:02 UTC
Some sort of international agreement on what was taxable seems to be the only sensible solution to the current situation, and all steps in that direction seem good. I imagine it won't mean much unless it's standard enough that all the little EU countries are on board, or everyone decides to go ahead and tax profits on international companies regardless of where they were declared, where the countries have a deal who gets it, or the company gets to shuffle it around where-ever they like, but the UK says "you can pay all your tax to Luxembourg if you want, but if you pay less than £X, we want the rest". I don't know if any of that will be plausible.
Re: UK and Germany agree crackdown on tax loopholes for multinationalsandrewduckerNovember 15 2012, 14:01:35 UTC
The international one is tricky. You can't force people to open up a local company to sell to you - that's against the whole basis of the European Union. So if a company based in Luxembourg wants to sell things to people in the UK then they can do so.
Re: UK and Germany agree crackdown on tax loopholes for multinationalsa_pawsonNovember 15 2012, 15:20:31 UTC
This is the problem when you establish a single market, but don't have fiscal union. The obvious solution is fiscal union, harmonising the corporation tax across all EU states, but there's no way in hell most of the EU member countries will ever agree to that.
If online trading grows, the situation is going to arise whereby nations will compete with each other to lower their corporation tax rates to attract businesses to locate their HQ there. Although it should be noted that the problem is not limited to online businesses. Glaxo Smithkline and a number of other large corporations have done something similar. Luxembourg seems to be the EU state of choice to pay your tax in, not least because they are willing to make deals with large corporations, granting them special tax rates in return for paying their taxes there.
Terry Pratchett: My daughter Rhianna will take over the Discworld when I'm gonecartesiandaemonNovember 15 2012, 13:29:57 UTC
Blessing a TV series seems a good idea: trying to write books "in the style of" inevitably makes arguments about "is it the same" and "wait, he totally made up X", but a different-medium continuation might be annoyingly different, but has the potential to become its own thing good in its own way.
Re: PCC electionscamiesNovember 15 2012, 21:45:21 UTC
"Across the UK and Wales"? Wishful thinking here in the West Midlands, is it? But seriously and I did vote for having an elected mayor here in Birmingham, and I have always voted - people fought and died in order to get the vote, who am I not to vote? - but didn't vote at all this time. As someone else said why presume that the public know better than the police about a matter like this? We shall only get the BNP-supporting candidates etc.
Well, I voted today (er, yesterday). I gave serious thought to spoiling my ballot, but given the ENGLISH DEMOCRATS were fielding a candidate, I felt obliged to oppose him
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If online trading grows, the situation is going to arise whereby nations will compete with each other to lower their corporation tax rates to attract businesses to locate their HQ there. Although it should be noted that the problem is not limited to online businesses. Glaxo Smithkline and a number of other large corporations have done something similar. Luxembourg seems to be the EU state of choice to pay your tax in, not least because they are willing to make deals with large corporations, granting them special tax rates in return for paying their taxes there.
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Also Charlie Brooker!
Although my first memory of her name is when she was mentioned in the Author's Bio from one of the early books.
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