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Jewlio Rides Again LLB |
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Jewlio Rides Again LLB World Chat Champion
Joined: 06 Oct 2015 Karma :
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Posted: 09:59 - 20 Feb 2019 Post subject: |
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Confusing?
Suppose it's easy to confuse a thickie. ____________________ Mpd72: I can categorically say i’m Brighter than that, no matter how I come across on here.
HAHAHA HAHAHA Blew Chilly MyCrowSystems |
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Lord Percy |
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Lord Percy World Chat Champion
Joined: 03 Aug 2012 Karma :
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Posted: 16:56 - 22 Feb 2019 Post subject: Re: New thoughts on tax avoidance and low tax |
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Robby wrote: | Companies will avoid paying taxes where possible. Big companies have more money to spend on ways of avoiding tax.
So in your scenario, where it looks like we're replacing Starbucks with a hypothetical British equivalent, the new company will do just the same thing. You give it that kind of money and market share, and it will find new ways to avoid paying tax.
The reason they get away with it is because they're doing nothing illegal, although it is unethical. You're also wrong in your initial premise that they do nothing important. Whilst they don't provide any kind of critical service, people like starbucks coffee. One important factor for a lot of people when choosing a job is the distance to the nearest coffee shop of their choice.
They also employ an awful lot of people, and are largely responsible for making "barista" a profession, which means people who make coffee can get paid more than 20 years ago. Higher pay means higher income tax.
All in all, they get away with, as do the other big tax avoiders, because the overall cost and impact of changing the system isn't worth it.
As for other countries, it is worth mentioning that the big coffee chain in Canada is Tim Horton's, a Canadian company. A big part of the reason they're big is that Canadians like to buy local. A big part of the reason that Starbucks is so popular here is that British people like to buy popular brands. Changing that culture wouldn't be easy, but you would need to start with having some British brands worth buying. |
Right, but you missed my primary point, which is that a 'home grown' company would record and distribute far more of its profits in the UK, rather than sending it back to shareholders or tax bases registered with other governments.
As for Starbucks being a 'popular' brand, I don't agree with that. Starbucks isn't popular, it's just large enough and wealthy enough to buy stores in prime locations, so of course people are going to go there. If Starbucks disappeared tomorrow, people would not stop going to overpriced chain cafes. |
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bhinso |
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bhinso World Chat Champion
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Lord Percy |
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Lord Percy World Chat Champion
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Robby |
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Robby Dirty Old Man
Joined: 16 May 2002 Karma :
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Posted: 19:52 - 23 Feb 2019 Post subject: Re: New thoughts on tax avoidance and low tax |
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Lord Percy wrote: |
Right, but you missed my primary point, which is that a 'home grown' company would record and distribute far more of its profits in the UK, rather than sending it back to shareholders or tax bases registered with other governments.
As for Starbucks being a 'popular' brand, I don't agree with that. Starbucks isn't popular, it's just large enough and wealthy enough to buy stores in prime locations, so of course people are going to go there. If Starbucks disappeared tomorrow, people would not stop going to overpriced chain cafes. |
I think you missed my point, which is that if you give a company that sort of market share, they are going get registered wherever is most tax efficient. Country of origin doesn't matter, they will shift as much activity as possible into low tax countries.
Starbucks is popular. People do prefer it. You hear people saying "I'm getting a Starbucks", not "I'm getting a Costa Coffee". You don't have to like it - I can't stand the place, their tea tastes like piss - but it is a hugely popular and successful chain. If it disappeared, of course people would go elsewhere, but when offered a choice, a lot of people choose Starbucks.
To get to your ideal of people buying coffee shops from companies that pay their taxes and return more to the country, you need a lot of independent shops and smaller chains where it doesn't make sense to register offshore or have a complicated tax model. The problem there is people. People like popular brands. |
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Lord Percy |
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Lord Percy World Chat Champion
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M.C |
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M.C Super Spammer
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jimbojumps |
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jimbojumps L Plate Warrior
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Jewlio Rides Again LLB |
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Jewlio Rides Again LLB World Chat Champion
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bhinso |
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bhinso World Chat Champion
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Lord Percy |
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Lord Percy World Chat Champion
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bhinso |
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bhinso World Chat Champion
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Old Thread Alert!
The last post was made 5 years, 31 days ago. Instead of replying here, would creating a new thread be more useful? |
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