UK companies moving their tax base to Ireland

[AtW]

What ever happening to free market competition?

I am all for free market competition. This requires level playing field. When some company is registered in offshore and operates through local subsidiary which takes on losses (so pays no taxes) where as profits are channeled back to the main offshore based company, then this is unfair competition towards local businesses. Isn't that obvious?

You know guys, you crack me up - "free market" for you is like excuse for anything. Can't you get it that this is the same case as with "free speech" and other "free thingies" - there are some rational limits without which the whole idea will be compromised.

And if it is a blanket across Europe they will relocate outside the EU.

If they want to do business in EU they'd better not.

[BrilloPad]

Why is it unfair? why is it fair for you to live and work here when you should be back in Russia earning and paying tax there.

Could we then sever all internet links with Russia?

[AtW]

Why is it unfair?

It's unfair because it is not level playing field - we are not talking about 3-5% difference here (which is a lot as many businesses operate on very slim profit marging), but 15-20% or more.

why is it fair for you to live and work here when you should be back in Russia earning and paying tax there.

It's my personal decision. I am a British Citizen and live where I deem necessary, I will pay taxes where I live. What would have been unfair if I paid Russian taxes while living in the UK. How would you have liked if I channeled my company earnings through Ltd in Russia, then applied 12% local Russian flat rate income tax and paid that money back to me while living here, would that be fair? I think not.

[AtW]

Could we then sever all internet links with Russia?

I think it's a sensible option given the amount of dodgy crap that comes out of Russia and Govt is turning a blind eye on that - this treatment should apply to Nigeria and some other countries.

[DodgyAgent]

It's unfair because it is not level playing field - we are not talking about 3-5% difference here (which is a lot as many businesses operate on very slim profit marging), but 15-20% or more.



It's my personal decision. I am a British Citizen and live where I deem necessary, I will pay taxes where I live. What would have been unfair if I paid Russian taxes while living in the UK. How would you have liked if I channeled my company earnings through Ltd in Russia, then applied 12% local Russian flat rate income tax and paid that money back to me while living here, would that be fair? I think not.

Why is it OK for you to pick and choose where you work and who you pay taxes, but not OK for a company to do the same?

[AtW]

Why is it OK for you to pick and choose where you work and who you pay taxes, but not OK for a company to do the same?

Last post for now - because I pay taxes where I live and work, companies want to sell in the UK and other markets but pay taxes as if they were located in Cayman Islands and such.

You would have had a point if I dodged taxation by using my other citizenship and channeling money through Russia - I don't do that. Similiarly if I moved back to Russia I'd expect to pay taxes there rather than in the UK - that's pretty fair attitude.

[ratewhore]

Are we missing a trick here?

Probably. How do I do that with my Ltd?

[DimPrawn]

Probably. How do I do that with my Ltd?

Exactly.

How do you change the domicile of a ltd?

[tim123]

Last post for now - because I pay taxes where I live and work,

And so do companies.

The point is that these are multinational companies with worldwide income.

It is the traetment of this income from other countries that HMG is seeking to tax in a way that the companies don't like

tim

[bobhope]

Exactly.

How do you change the domicile of a ltd?

You don't. Just create a new DimPrawn(Ireland) Ltd and off you go.