I don’t care that Amazon, Google, Starbucks etc don’t pay tax in the UK.

23 May

So the big multinationals organise themselves so that they pay little tax in the UK !

We should get over it.

If we are to be in the EU, or sign GATT treaties, then this type of arrangement is what we signed up for.

If we want multi-nationals to pay tax here then we should reduce corporation taxes to competitive levels. That’s how it works. No point whinging.

Or leave the EU.

Anyway, as blogged earlier, big companies don’t pay tax. They pass their taxes on in higher prices. Only consumers pay tax. So as a consumer, I can’t get excited at this furore. I get caught one way other the other. Either I pay income tax or I pay the multinational’s tax bill through their higher prices.

Governments like corporation taxes because their tax collection is hidden from the consumer in the price of goods and services.  And then they have the gall to charge VAT on these hidden taxes!

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