Chigwell 7:22 Sun Jan 24
Google's tax bill
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After a 6 year investigation by HMRC, Google will pay backdated corporation tax (with interest) of £130 million (which sounds a lot, but is only double last week's Lottery prize).
Its UK sales in 2014 alone were £4.5 billion. Even if it had costs against that of say £500 million, i.e. a profit of £4 billion, corporation tax at 20% would have been (calculator out) £800 million.
Osborne claims this is a victory for the Treasury.
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Replies - Newest Posts First ( Show In Chronological Order)
Hermit Road
12:39 Mon Feb 1
Re: Google's tax bill
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Those links are about a cut for some new claimants, not a cut across the board.
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chim chim cha boo
11:55 Sun Jan 31
Re: Google's tax bill
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Hermit Road 10:54 Sun Jan 31
http://www.theguardian.com/society/2016/jan/27/lords-defeat-tories-esa
http://www.bbc.co.uk/news/uk-politics-35422778
http://www.independent.co.uk/news/uk/politics/esa-wrag-disability-benefit-30-cut-house-of-lords-peers-government-defeated-vote-a6838581.html
Strangely couldn't find a Daily Mail or Sun link to this important news at all.
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SurfaceAgentX2Zero
11:01 Sun Jan 31
Re: Google's tax bill
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H&P has now descended to the debating strategy of a five year old:
'Ner, ner, you are!'
Have you actually been away from this site at any point in the past two days? And I don't include time spent opening another vodka bottle.
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Hammer and Pickle
10:58 Sun Jan 31
Re: Google's tax bill
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Yes, you quite clearly like it up you.
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SurfaceAgentX2Zero
10:56 Sun Jan 31
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H&P has learnt a new word and is determined that everybody should know. Even if he can't use it quite correctly.
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Hermit Road
10:54 Sun Jan 31
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chim chim cha boo 9:43 Sun Jan 31
Sorry. Meant to ask if you had a link to that?
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Hermit Road
10:54 Sun Jan 31
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chim chim cha boo 9:43 Sun Jan 31
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,
10:52 Sun Jan 31
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Oh look here's the man who is never ever wrong taking himself uber seriously, endlessly.
Still we know that right wingers equate the granting of benefits with immeasurable riches.
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Hammer and Pickle
10:52 Sun Jan 31
Re: Google's tax bill
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i see Agent Zero is defying all logic to make himself look like a cock again.
It's almost as if this Tory government were some kind of priapic sect.
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SurfaceAgentX2Zero
10:48 Sun Jan 31
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Oh look, here's the earnest Mr Comma pretending not to recognise hyperbole as a form of ridicule.
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,
10:45 Sun Jan 31
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Immeasurable riches or universal benefit?
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SurfaceAgentX2Zero
10:41 Sun Jan 31
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chim chim cha boo 9:43 Sun Jan 31
Of course, in truth, people should be encouraged to get themselves designated disabled and then sit around doing fuck all in return for immeasurable riches.
Otherwise it's JUST NOT FAIR.
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Far Cough
10:01 Sun Jan 31
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David Lloyd George was a decent PM as well wasn't he?
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After8
9:56 Sun Jan 31
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Rest haven't been have they?
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chim chim cha boo
9:43 Sun Jan 31
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I see that the Lords has just thrown out a bill from the government proposing to cut disability benefit by £30 a week across the board.
This is despite a third of disabled people already living below the poverty line in this, the fifth richest country in the world.
Apparently (and by their own admission) the government wants to widen the gap between disability benefits and a working wage to 'encourage' more disabled people into work.
This government are despicable vermin. I've never wished eye cancer on anyone but for Ian Duncan Smith I'd willingly make an exception.
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Far Cough
8:48 Sun Jan 31
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Oh, I don't know, Churchill wasn't a bad Prime Minister was he?
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After8
8:45 Sun Jan 31
Re: Google's tax bill
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Hermit there are other technology companies out there.
BTW Osborne over spun the announcement. Just reinforces my point that he won't be a good prime minister. Chancellors never are.
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Mike Oxsaw
3:23 Sun Jan 31
Re: Google's tax bill
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peroni 1:55 Sun Jan 31
Thanks!
Always happy to be corrected and learn a little more.
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BRANDED
2:07 Sun Jan 31
Re: Google's tax bill
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The only time I might get double taxed is If I earn 1000 in Russia and have no double taxation certificate in place. The Russians tax my earnings at 30% and I receive 700. This will then go into my income pot and could result in another tax on profit by hmrc.
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BRANDED
2:01 Sun Jan 31
Re: Google's tax bill
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However, after April
The first £5,000 of dividend income in each tax year will be tax-free. Sums above that will be taxed at 7.5 per cent for basic-rate taxpayers, 32.5 per cent for higher-rate taxpayers and 38.1 per cent for additional-rate taxpayers. The new tax takes effect on April 6, 2016. No tax will be deducted at source; taxpayers must use self-assessment to pay any tax due.
Not sure what will happen in ISAs etc.
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Spandex Sidney
1:59 Sun Jan 31
Re: Google's tax bill
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If you receive a dividend, because it has already been subjected to corporation tax, it is deemed to have already been taxed at 20%
Therefore there is no further tax to pay unless the dividend flips the individual into the higher income tax rate.
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