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This argument is not valid. Yes they are paying VAT and income tax. So what? They should also be paying corporation tax. A start up competitor would have to pay
by JupiterMoon 11y ago
This argument is not valid. Yes they are paying VAT and income tax. So what? They should also be paying corporation tax. A start up competitor would have to pay VAT, income tax and corporation tax.
- ghiculescu 11y agoNot if that competitor made a loss the way facebook has here.
- JupiterMoon 11y agoThese losses are paper losses. These type of paper losses are far easier for big multinationals to make than smaller domestic businesses.
- tonyedgecombe 11y agoThat wouldn't be an option in the way it is to Facebook if the competitor was based wholly in the UK.
- throwaway2048 11y agothese 'loses' are entirely due to bogus licensing fees paid to the mothership, and the 'loses' are made up with very generous term 'loans' from the same.
- yrro 11y agoBut they are playing Corporation Tax. To put it another way... what additional tax do you want them to pay that they are currently not paying?
- kuschku 11y agoThe full corporation tax, on their share of their worldwide income generated in britain.