Tax details published, what is to hide?

[Orzel 10]

Can you not understand practicality?

 

How exactly do you define manufacturing?

Maybe you want to impose coffee tax?

Or anything-but-steel tax?

How EXACTLY do you define manufacturing and how companies involved in fully legal tax avoidance will be stopped from doing it?

You close door but open window now.

[Gamston 10]

Can you not understand practicality?

 

How exactly do you define manufacturing?

Maybe you want to impose coffee tax?

Or anything-but-steel tax?

How EXACTLY do you define manufacturing and how companies involved in fully legal tax avoidance will be stopped from doing it?

You close door but open window now.

 

Have a look on the Nasdaq and see if Starbucks is listed in the manufacturing sector

[Orzel 10]

Have a look on the Nasdaq and see if Starbucks is listed in the manufacturing sector

 

How is US stock exchange relevant to tax liability in UK?

Those are not even on same continent.

HMRC would need specific rules that would allow it to filter out companies liable to turnover tax.

Now can you or can you not give some sort of criteria that would apply to companies using fully legal tax management and not affect companies paying taxes without those in place?

[sgtkate 10]

All the people who are against our politicians publicly showing their tax returns, are you not in the slightest bit interested where they get their income from? Surely if they owned a lot of property and consistently voted against tighter rental controls would you not start to wonder if that was solely for self-interest? Many other examples of where knowing where our 'leaders' get their money from would force them to be more transparent.

 

I think it should become law for all MPs to be forced to publish their tax returns through HMRC. Anything highly private (and absolutely not of public interest - struggling to think of an example but anyway) can be redacted. If you aren't happy with this, then feel free not to stand as a MP next time around. Bring it in after the next general election so it's not a 'change of contract'. This isn't about who earns what, it's about who earns what from where and it's the WHERE that is the important part.

[Orzel 10]

Norway had transparent tax system. You were able to tell how much anyone earns and pays tax. Don't know if they still do it.

A few other countries requires members of parliament to disclose all earning and possessions.

[foxy lady 10]

Manufacturing industries would be exempt It's the retail and service sector where the likes of Amazon , Google and Starbucks, who have used the Global economy to their advantage to minimise tax payments which is the real issue .

 

So a football club or or a supermarket or a clothing retailer or for example that was making a loss would still have to pay the tax.

[the_bloke 17]

This isn't about who earns what, it's about who earns what from where and it's the WHERE that is the important part.

 

It's already been mentioned; you are after the register of interests.

 

http://www.publications.parliament.uk/pa/cm/cmregmem/contents1516.htm

 

The only thing it doesn't give is the values earned from secondary incomes, such as rent from property.

 

Cameron:

 

http://www.publications.parliament.uk/pa/cm/cmregmem/160125/cameron_david.htm

 

Corbyn:

 

http://www.publications.parliament.uk/pa/cm/cmregmem/160125/corbyn_jeremy.htm

[Gamston 10]

So a football club or or a supermarket or a clothing retailer or for example that was making a loss would still have to pay the tax.

Yes , because it would have nothing to do with profit and only apply to companies who are based overseas whether that be their headquarters or other criteria . All companies have to pay business rates whether they make a loss or profit . It's reasonable to assume most large overseas companies trading in the retail and service sectors in the UK are making profits . The size of the profit would be irrelevant to this Jonny Foreigner Tax .

[nomoney 10]

MPs do not just get public salary,most are millioniars and that is a cross the board.

[Orzel 10]

Yes , because it would have nothing to do with profit and only apply to companies who are based overseas whether that be their headquarters or other criteria . All companies have to pay business rates whether they make a loss or profit . It's reasonable to assume most large overseas companies trading in the retail and service sectors in the UK are making profits . The size of the profit would be irrelevant to this Jonny Foreigner Tax .

 

Seems to be so simple from where you sit doesn't it.

And how do you define large overseas companies?

Most companies doing business in UK are UK companies.

If it will give them tax brakes they will move ownership to UK holding company and they will not be large overseas any more.

Will name similarity be enough to be liable?

Or should we just tax money coming out of country?

Like taxing your spendings on Maldives.

CT is fairly watertight and still they manage to go around it.

Any other tax will share same fate.

[foxy lady 10]

Yes , because it would have nothing to do with profit and only apply to companies who are based overseas whether that be their headquarters or other criteria . All companies have to pay business rates whether they make a loss or profit . It's reasonable to assume most large overseas companies trading in the retail and service sectors in the UK are making profits . The size of the profit would be irrelevant to this Jonny Foreigner Tax .

 

So if you were such a company, it would be wise to close down the UK operation and just transfer the UK business somewhere else. Shame about the jobs.

[truman 10]

All the people who are against our politicians publicly showing their tax returns, are you not in the slightest bit interested where they get their income from? Surely if they owned a lot of property and consistently voted against tighter rental controls would you not start to wonder if that was solely for self-interest? Many other examples of where knowing where our 'leaders' get their money from would force them to be more transparent.

 

 

Have you never heard of this?

 

http://www.publications.parliament.uk/pa/cm/cmregmem.htm