"Britain has been privately lobbying the EU to remove the tax haven through which Google funnels billions of pounds of profits from an official blacklist, the Observer can reveal.
Treasury ministers have told the European commission that they are “strongly opposed” to proposed sanctions against Bermuda, a favoured shelter for Google’s profits and one of 30 tax jurisdictions in Brussels’s sights.
The disclosure is made in a memorandum circulated among Tory MEPs in Brussels that describes potential “countermeasures” against blacklisted tax havens as “unhelpful”.
Google is expected to announce on Monday that it has amassed £30bn of profits from non-US sales in Bermuda, where companies are not liable to pay corporation tax. The UK is Google’s largest non-US market, accounting for 11% of its global revenues, according to documents filed in America.
And Tory MEPs voted in July against giving assistance to tax administrations in developing countries to tackle tax evasion. In March and January, Conservative and Ukip MEPs voted against a report calling for action to tackle tax avoidance, tax evasion and aggressive tax planning and a motion calling for the commission to commit to clamping down on tax fraud through legislation."
Source: Tories lobbying to protect Google’s £30bn island tax haven | Technology | The Guardian
So there you have it - Tory Scum very easily increasing taxes on idiots who voted for them and those smart people who didn't, yet fighting tooth and nail to enable big corps avoid taxes using offshore jurisdictions that should have been put under sanctions for facilitation of tax evasion.
oi Waldorf, would Labour do worse?
Treasury ministers have told the European commission that they are “strongly opposed” to proposed sanctions against Bermuda, a favoured shelter for Google’s profits and one of 30 tax jurisdictions in Brussels’s sights.
The disclosure is made in a memorandum circulated among Tory MEPs in Brussels that describes potential “countermeasures” against blacklisted tax havens as “unhelpful”.
Google is expected to announce on Monday that it has amassed £30bn of profits from non-US sales in Bermuda, where companies are not liable to pay corporation tax. The UK is Google’s largest non-US market, accounting for 11% of its global revenues, according to documents filed in America.
And Tory MEPs voted in July against giving assistance to tax administrations in developing countries to tackle tax evasion. In March and January, Conservative and Ukip MEPs voted against a report calling for action to tackle tax avoidance, tax evasion and aggressive tax planning and a motion calling for the commission to commit to clamping down on tax fraud through legislation."
Source: Tories lobbying to protect Google’s £30bn island tax haven | Technology | The Guardian
So there you have it - Tory Scum very easily increasing taxes on idiots who voted for them and those smart people who didn't, yet fighting tooth and nail to enable big corps avoid taxes using offshore jurisdictions that should have been put under sanctions for facilitation of tax evasion.
oi Waldorf, would Labour do worse?
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