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Petition to get the gov to reconsider the dividend tax changes

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  • The Spartan
    replied
    Originally posted by AtW View Post
    It's free trade, plus it's completely natural to get clients to pay bills to Irish subsidiary, which in turns pays hefty royalty to Dutch parent company, which in turn does the same to Bermuda parent company which is owned by the parent company in USA. Can't see any artificiality here.


    Somehow I don't think I'd be able to that, should I wish to

    Leave a comment:


  • AtW
    replied
    Originally posted by The Spartan View Post
    Perhaps I should have said they don't use an artificial system of global companies to dramatically lower their UK tax liabilities
    It's free trade, plus it's completely natural to get clients to pay bills to Irish subsidiary, which in turns pays hefty royalty to Dutch parent company, which in turn does the same to Bermuda parent company which is owned by the parent company in USA. Can't see any artificiality here.

    Leave a comment:


  • The Spartan
    replied
    Originally posted by AtW View Post
    They ALL pay correct amount! Just some pay a lot more than others!
    Perhaps I should have said they don't use an artificial system of global companies to dramatically lower their UK tax liabilities

    Leave a comment:


  • AtW
    replied
    Originally posted by The Spartan View Post
    Not necessarily large companies like John Lewis and Costa Coffee pay the correct amount of corporation tax
    They ALL pay correct amount! Just some pay a lot more than others!

    Leave a comment:


  • AtW
    replied
    The Treasury might indeed reconsider the new dividends tax and put it UP!

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  • The Spartan
    replied
    Originally posted by pr1 View Post
    so, following your logic:

    "give the little guy a tax break so he at least has a chance to become the big guy and really get his teeth into full blown tax evasion"

    starbucks started as the little guy, too
    Not necessarily large companies like John Lewis and Costa Coffee pay the correct amount of corporation tax

    Leave a comment:


  • tomtomagain
    replied
    Originally posted by pr1 View Post
    so, following your logic:

    "give the little guy a tax break so he at least has a chance to become the big guy and really get his teeth into full blown tax evasion"

    starbucks started as the little guy, too
    If that's how you read my post, then that's up to you. My advice to you is to keep being a permie and don't bother trying to become an entrepreneur. The mindset required is obviously beyond you.

    Leave a comment:


  • pr1
    replied
    Originally posted by tomtomagain View Post
    The point being that Mr-Small-Guy does not have the options open to him to fake a loss that is open to large corporations.

    The current dividend benefit allows him to pay himself a decent wage at the same time as growing his small business that one day, just could, rival the bigger business. It rewards him for taking a risk.

    Changing the dividend tax takes away that tiny benefit.

    Look at your local Coffee shop. Run by a local business man, contributing to his area. He pays tax at 18% on his profits. Starbucks next door ..... well they only declared their first profit in 17 years in the UK this year, due to public pressure. They paid £200k tax on £300M of sales in the UK.

    Half a dozen contractors pay more in income tax to HMRC than Starbucks. Is that right? Or fair?
    so, following your logic:

    "give the little guy a tax break so he at least has a chance to become the big guy and really get his teeth into full blown tax evasion"

    starbucks started as the little guy, too

    Leave a comment:


  • d000hg
    replied
    Originally posted by tomtomagain View Post
    The point being that Mr-Small-Guy does not have the options open to him to fake a loss that is open to large corporations.

    The current dividend benefit allows him to pay himself a decent wage at the same time as growing his small business that one day, just could, rival the bigger business. It rewards him for taking a risk.

    Changing the dividend tax takes away that tiny benefit.

    Look at your local Coffee shop. Run by a local business man, contributing to his area. He pays tax at 18% on his profits. Starbucks next door ..... well they only declared their first profit in 17 years in the UK this year, due to public pressure. They paid £200k tax on £300M of sales in the UK.

    Half a dozen contractors pay more in income tax to HMRC than Starbucks. Is that right? Or fair?
    Surely the Starbucks next door is a franchise company?

    Leave a comment:


  • BrilloPad
    replied
    Originally posted by tomtomagain View Post
    Half a dozen contractors pay more in income tax to HMRC than Starbucks. Is that right? Or fair?
    The only way you will ever get any sort of justice or change is to dress up in stupid costumes that will appeal to the base levels of the press.

    Petitions get nowhere and achieve nothing. Apart from giving yourself stress.

    Leave a comment:

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