Quote:
Originally Posted by Maggy
Let the big corporations pay a fair share of taxes then let's turn to increasing NI for all.
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They are. Intellectual property rights can be paid to any country in the world, as they always have been. Nothing new.
Eg Franchise payments for European countries will go to one European country. Makes sense rather than having to deal with dozens of different tax jurisdictions and rules. Also avoids having to pay tax several times over on the same income. IE Country A imposes a tax, the remainder passes to a company in country B which imposes a tax on that already taxed income.
The profits arising from the individuals franchises ARE taxed, just as any other business
Amazon in the UK, will inevitably pay low taxes at first, because of the costs of building the warehouses etc. SAME as for any other business.
Taxes are based upon PROFIT, not TURNOVER or increased value of assets.
