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The UK currently has 20% corporation tax on profits, plus employers national insurance contribution, and various avenues to effectively reduce that a bit depend
by nickdothutton 5y ago
The UK currently has 20% corporation tax on profits, plus employers national insurance contribution, and various avenues to effectively reduce that a bit depending on how you spend what would otherwise be profit. The problem/complaint is with tech companies who use structures via Ireland, Netherlands, and occasionally other places to book billions in revenues and profits but pay a tax rate of zero on those profits.
https://en.wikipedia.org/wiki/Double_Irish_arrangement https://en.wikipedia.org/wiki/Double_Irish_arrangement
https://en.wikipedia.org/wiki/Dutch_Sandwich https://en.wikipedia.org/wiki/Dutch_Sandwich
- s_dev 5y agoDouble Irish has ended according to your own source.
- nickdothutton 5y agoThese schemes have merely been replaced by variations on a theme. Without wanting to sound too dramatic, it’s just an arms race and having seen some this up-close myself, there is always another structure sitting on the shelf for when the current one is retired.