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My little company pays Corporation tax at 19% and obviously we hand on VAT at the relevant rate. We also do PAYE as needed etc. What's your problem and how ma
by gerdesj 7y ago
My little company pays Corporation tax at 19% and obviously we hand on VAT at the relevant rate. We also do PAYE as needed etc.
What's your problem and how may I assist your UBI dream?
- tialaramex 7y agoWe have good news for you. You know that bigger rival company, who somehow make a similar product, and charge more for it, yet somehow don't pay any Corporation tax? Maybe they're paying interest on a "debt" to a company with a suspiciously similar name located somewhere sunny that seems to arbitrarily set the interest on the debt to exactly what might otherwise be their annual profit, resulting in zero tax... or they have to "license" their brand name from a company that somehow only owns that brand name, and only employs one accountant and a secretary in a tiny principality in Europe? We'd like them to be on a level playing field with you. We can't guarantee this'll mean you win, but maybe them paying the same taxes you do (which will make a huge difference to the affordability of projects like UBI) would help you.
- jfnixon 7y agoYou are going against the entire human history of governments and taxation. Governments use tax incentives to (charitably) encourage desired behavior and (pragmatically) reward supporters. A clean tax code without these deductions takes significant power away from the government. It is extremely unlikely to every happen.