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Old 03-04-2011, 20:54   #14
Ignitionnet
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Join Date: Jun 2008
Location: Leeds, West Yorkshire
Age: 47
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Re: * News * Politics * Economic policy Ministers admit family debt burden i

Quote:
Originally Posted by mertle View Post
I not saying dont cut I am saying do it at pace the country can support this slash and burn will get us in worse mess.

Why has the torries let there rich budies off the hook with there debt to taxman.

Not long back Vodaphone was allowed to negate on 6 billion of debt.

That could been 6 billion softening of cuts and why is frontline services going ahead greedy rich people who on staggering wages.

So kick the hell out of the poor/working class while letting there rich friends get away with blue murder not the right way going about the situation.

If we claimed 60% owed from these we would be significantly in less a mess but hell lets look at closed narrow tunnel vision.
Ah the #UKUncut spiel.

Vodafone didn't have a debt of 6 billion, that figure was never actually the case. The tax man got a billion out of Vodafone and were potentially entitled to nothing, Vodafone paid tax on that income elsewhere in the EU, the UK didn't fancy the trip through the EU courts to try and justify a part of the UK's tax code which is potentially incompatible with EU law.

The rest 'owed', as always with my responses to UKUncut, if you can demonstrate that companies have evaded tax, which is illegal, you should be going to HMRC.

http://www.iea.org.uk/publications/r...eb-publication

Quote:
UK Uncut has attacked Vodafone for not paying £6 billion of tax on the profits made by its German operations. However, it is not – and never can be – a principle of tax law that a company should pay both UK tax and German tax on the activities of the German parts of the business. At issue is a much smaller amount of tax for which the company might be liable representing the difference between the UK and German tax that is due on profits made in Germany. This is a hotly debated area of tax law and European law and HMRC and the company have reached a compromise.

No developed country could develop a corporate tax system that taxed profits twice in the way UK Uncut are suggesting should happen in the case of Vodafone.
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