Should Contractors pay their fair share of tax?

[DimPrawn]

3% - Google can get away with it legally, why can't we?

3%! **** right off.

https://en.wikipedia.org/wiki/Vodafone

In 2011, Private Eye magazine and The Bureau of Investigative Journalism alleged that Vodafone's Swiss branches were run by a single part-time bookkeeper. The report claimed hardly any business was done from there, indicating that the main purpose of the Zug office was tax avoidance. The report claimed the money was borrowed from the Swiss branch of the Luxembourg company, allowing it to take advantage of Luxembourg’s laws, which exempts foreign branches of companies from tax, and Swiss laws, which almost completely exempt local branches of foreign companies. According to the expose, this would have otherwise generated a British tax bill on a little over £2 billion. It said Vodafone publishes a single, combined set of accounts for its Luxembourg subsidiaries and their Swiss branches. For the one company, profits worth £1.6 billion were taxed at less than one per cent in 2011, and the profits are likely to have been attributed to Switzerland.

I would suggest a flat rate of 1% of profits seems "fair"

[VectraMan]

How Apple Reduces What It Pays In Taxes - Business Insider

Apple explained that, although AOI has been incorporated in Ireland since 1980, it has not declared a tax residency in Ireland or any other country and so has not paid any corporate income tax to any national government in the past 5 years. Apple has exploited a difference between Irish and U.S. tax residency rules. Ireland uses a management and control test to determine tax residency, while the United States determines tax residency based upon the entity’s place of formation. Apple explained that, although AOI is incorporated in Ireland, it is not tax resident in Ireland, because AOI is neither managed nor controlled in Ireland. Apple also maintained that, because AOI was not incorporated in the United States, AOI is not a U.S. tax resident under U.S. tax law either.

Only mugs pay 1%. Or be resident anywhere.

[gables]

If there was a party that would propose no tax for contractors would you vote them ?

No

[OwlHoot]

I agree. I don't mind paying tax. We wouldn't have the NHS etc ...

Sigh, another brainwashee

No, you'd have a cheaper more effective privatised equivalent

(provided compensation payments were strictly limited and prescribed so that medical indemnity insurance didn't balloon as it does in the ridiculously vindictive, legalistic US system, which is probably worse than ever now with ObamaCare).

[seanraaron]

Sigh, another brainwashee

No, you'd have a cheaper more effective privatised equivalent

(provided compensation payments were strictly limited and prescribed so that medical indemnity insurance didn't balloon as it does in the ridiculously vindictive, legalistic US system, which is probably worse than ever now with ObamaCare).

By all means follow the Americans into the abyss they're trying to crawl out of - no doubt everyone would be automatically eligible for affordable health care in this new privatised utopia of profit-making hospitals.

[SpontaneousOrder]

By all means follow the Americans into the abyss they're trying to crawl out of - no doubt everyone would be automatically eligible for affordable health care in this new privatised utopia of profit-making hospitals.

He's talking about privatised healthcare. The US has very little of that.

[seanraaron]

He's talking about privatised healthcare. The US has very little of that.

I assume you're using a different definition of privatised than I am. Nearly all American healthcare is provided by profit-making enterprises - even Obamacare.

[diseasex]

Actually we are good with NHS and i wouldnt change it much

[SpontaneousOrder]

I assume you're using a different definition of privatised than I am. Nearly all American healthcare is provided by profit-making enterprises - even Obamacare.

Obamacare can't exist without the state as prime mover. And that's a private enterprise?

[seanraaron]

Obamacare can't exist without the state as prime mover. And that's a private enterprise?

The state makes the rules stating insurers cannot exclude people for a pre-existing medical condition (which meant millions were without any health insurance) and provision an affordable policy, but the entities providing the insurance/care are the same old greedy insurance companies and HMOs.