Re: Kier Starmer : Thu Jun 03, 2021 1:12 pm
Zoo Zoo Boom wrote:
There are a minority of legitimate businesses that behave in the way you suggest - it is expensive and is not without risk. Illegal businesses are doing this stuff all the time - their profits are huge and they have to afford the skills required to make these actions pay.
If all you were dealing with were internal companies I would agree - unfortunately that is not the case and it is these bigger international companies who stand to gain most from internal shifting of costs. Our needs as a nation are not the same as say Germany or Japan so to deliver what is a very reasonable suggestion all would need to be aligned and that will never be the case. Even in the UK - Guernsey, Jersey and the Isle of Man all have different tax regimes.
If all you were dealing with were internal companies I would agree - unfortunately that is not the case and it is these bigger international companies who stand to gain most from internal shifting of costs. Our needs as a nation are not the same as say Germany or Japan so to deliver what is a very reasonable suggestion all would need to be aligned and that will never be the case. Even in the UK - Guernsey, Jersey and the Isle of Man all have different tax regimes.
It might well be a minority of companies overall, however, we're talking about billions in lost tax revenue per year for most countries, it would be incredibly popular with their electorates, and of course it wouldn't be straight forward, but nothing regarding international finance, trade, or politics is.
