Thread: Changes on the High Street
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Old 22-04-2020, 10:11   #339
jfman
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Re: Changes on the High Street
Quote:
Originally Posted by nomadking View Post
If it's a product provided or service from within a country, then the business is taxed within that country. If it is provided from OUTSIDE the country, then it is NOT taxable within that country. Apart from anything else, the COST of providing that product or service has also occurred OUTSIDE the country. Tax havens are used to send money that has ALREADY been taxed. Eg Business owner owns business that operates in country X, the business pays tax in country X, any money left over, may or may not, be sent to a tax haven.
If there's no benefit to a tax haven why do they exist then, nomadking?

The obvious answer - to move profits that could be taxed in the United Kingdom elsewhere. I'm flabbergasted at why anyone would support this - given the precarious state of our economy at this challenging time.
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