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| Authored by: Wol on Thursday, March 07 2013 @ 09:40 AM EST |
Taxes are (supposedly) for the benefit of citizens. Personally, I'd be inclined
to scrap corporation tax entirely, and put it on VAT/sales tax and income tax.
Or have a turnover tax based on cash flow, not profits, although that might not
work too well.
Changing topic a bit, we have the same problem with social security - it's too
easy for people who haven't paid in to benefit, and that is the big big big
problem with Schengen as far as the UK is concerned. Why don't the French care
about all the migrants at Calais? Because they know they all want to leave the
country, and when they do they will cease to be a French problem.
EU rules should be changed to say that you can only claim social security if (a)
you are a national of the country concerned, or (b) you've paid into the system
to earn the right to claim. It's not called National Insurance in the UK for no
reason.
And stateless or non-EU migrants in Schengen should be paid for by a levy on
Schengen members, not by the country the migrants have ended up in. That way,
Italy and Spain etc have a *reason* to guard their borders - if they let people
in then they will end up paying, even if those people don't stay in their
country!
As always, just look at the economics!
Cheers,
Wol[ Reply to This | Parent | # ]
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| Authored by: Anonymous on Thursday, March 07 2013 @ 08:07 PM EST |
All companies have a responsibility and obligation to follow laws of the land
and shareholder obligations can not and do not trump laws of the land.
Microsoft's issue is that it purposefully undervalued an asset before
transferring it to another jurisdiction while the sole purpose was to limit it's
tax bill. So it's this blatant 'undervaluing that is the issue under question
and the courts will determine if it was an illegal act in and of itself.
Normal people would see Microsofts behavior as a rort (scam) which is
fundamentally unethical and driven by corporate/management greed, not
shareholder benefit. Corporate sociopaths may have a differing view.
Personally, i'd like to see the architects of such scheme go to jail as it's a
fraud on the public.[ Reply to This | Parent | # ]
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- A rort is a rort - Authored by: Anonymous on Friday, March 08 2013 @ 07:09 AM EST
- Transaction tax - Authored by: Anonymous on Friday, March 08 2013 @ 01:42 PM EST
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