2 ms·
Oh believe me, I'm plenty mad at UK politicians :) But since our current government gained a majority while only actually taking around 37% of the vote, I'm pre
by snorrah 11y ago
Oh believe me, I'm plenty mad at UK politicians :) But since our current government gained a majority while only actually taking around 37% of the vote, I'm pretty sure we're stuck between a rock and a hard place in actually getting the system changed.
Gonna quote a post from reddit:
"Facebook does do things honestly & by the book. It just so happens that they have a presence in multiple countries around the world. Due to this Facebook Uk® must pay massive amounts to lease the licenses for software & intellectual property from Facebooks conveniently placed HQ in the lowest tax capitals in the world. Doing so at a price Facebook themselves chooses perhaps based on quarterly earning estimates runs at an amazing cost almost siphoning off all profit.
So the resulting entity which owns all the IP / leasing then pays tax in the country it is in on its earnings. Now they may be incorperated in a place with minimal corporation tax & simply keep a post office box there, but I assure you that's entirely the focus of their operations & is absolutely not just in place as a tax avoidance tactic.
Now if you dislike this you can absolutely tell them it's unacceptable. I'm sure politicians will be telling them off and using them to get press for .. oh 7-14 days until people move on & forget about it. At which point those same politicians won't change anything which impacts the practices at all."