UK should address workers forming companies to cut tax bill - Hammond

[gixxer1k]

UK should address workers forming companies to cut tax bill - Hammond | Reuters

[shaunbhoy]

Yes. Well let's start by checking the way that the multinationals formulate their tax affairs and avoid billions before we set our targets on small companies then Phil!!!

[SueEllen]

Yes. Well let's start by checking the way that the multinationals formulate their tax affairs and avoid billions before we set our targets on small companies then Phil!!!

You mean by ensuring companies like Uber, Deliveroo, Amazon, AOL etc make their workers employees?

[MrMarkyMark]

Yes. Well let's start by checking the way that the multinationals formulate their tax affairs and avoid billions before we set our targets on small companies then Phil!!!

UK should address workers forming companies to cut tax bill - Hammond

The obvious clue is in the terminology

[shaunbhoy]

You mean by ensuring companies like Uber, Deliveroo, Amazon, AOL etc make their workers employees?

Yes that sort of thing. Now you're getting it.

[SueEllen]

Yes that sort of thing. Now you're getting it.

Then let's hope the Appeal judges in the Uber tribunal agree that the lower tribunal was correct in their ruling and Uber are talking tulipe.

[MrMarkyMark]

Yes that sort of thing. Now you're getting it.

Or..............maybe paying just a little corporation tax, providing they had enough, in the pot to hand some over, of course

[SueEllen]

Or..............maybe paying just a little corporation tax, providing they had enough, in the pot to hand some over, of course

Nah cos when they pay the French more it makes our Chancellor, Treasury and HMRC look as incompetent as they are...

[MrMarkyMark]

Nah cos when they pay the French more it makes our Chancellor, Treasury and HMRC look as incompetent as they are...

Georgie? More interested in his next line than any corporation tax due.

[AtW]

Solution is simple:

1. Both NICs rolled into Income tax bands, so electorate knows true level of direct taxation.

2. Dividend tax at Income tax levels, but actual corp tax paid (at whatever rate it is) is used to deduct tax pound for pound (this isn't far off now).

3. This will never happen, but anyway - companies should be able to deduct from their corp tax bill full amount of income tax paid by those who are employed by them, pound for pound also.