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I seem to remember Barclays saying they'd paid X amount of tax (it was a lot). Turned out it was the tax that employees had paid. Fair enough, those people de
by reallydontask 7y ago
I seem to remember Barclays saying they'd paid X amount of tax (it was a lot). Turned out it was the tax that employees had paid.
Fair enough, those people depended on Barclays for their livelihood but not quite what people have in mind when they think about the amount of tax a company pays
Anyway, you can just imagine how companies would use that figure rather than corporate taxes
Good idea though
- granshaw 7y agoWow, how did that go down in the UK? I can imagine the public being furious if Amazon pulled that same stunt here.
- reallydontask 7y agoI don't think people were happy but, as far as I'm aware, nothing has changed regarding the amount of tax big companies pay so ....
- ptah 7y agoUK public has lots to be furious about. it won't make one iota of a difference though. EDIT: global corporations are gods in the UK and effectively above the law
- egypturnash 7y agoYour edit applies to the US, as well. Probably the whole world.
- ptah 7y agoI think the old concept of nation, where a government holds power, is dwarfed by globalised corporations. something needs to happen for people to get sovereignty back from corporations. not sure what though
- lvh 7y agoWe need some way of computing that number. Different businesses have vastly different structures. Let’s take the flip side of your argument: is it unreasonable for a labor intensive business with low profit margins (classic example is a grocer) to point out how much they contribute to the Treasury directly and indirectly through employment? Why is income tax special?
- reallydontask 7y agoIncome Tax is not special but it refers, by and large, to a tax on the profits of the company. In general, people get annoyed if a company is extremely successful and contributes little in the way of direct taxes. Companies like Amazon benefit massively from all the tax (infrastructure, education, etc ...) that is paid by other companies and by citizens, yet contribute little directly. Perhaps, it would be possible to list both separately rather than amalgamated together. A final point is that, to a greater or lesser extent, big companies must have employees but seemingly get to choose the level of taxation they pay.