28-10-2015, 04:34 PM
That corporate tax avoidance malarkey is a daft lefty red herring.
All these big companies do not need to have UK head offices, they could trade from any tax haven in the world they like and sadly if you start making them pay proper tax they will just up sticks and bugger off somewhere cheaper (IIRC google did this). If these companies all up sticks then suddenly you have thousands possibly millions of unemployed people who aren't paying hundreds of pounds a month each into the system. Consider facebook probably employs 1000 staff on an average of £60k/pa thats around £25k/pa per employee in income tax or £25,000,000 into the UK economy and that's before you include the tax on them spending any of that money.
All these big companies do not need to have UK head offices, they could trade from any tax haven in the world they like and sadly if you start making them pay proper tax they will just up sticks and bugger off somewhere cheaper (IIRC google did this). If these companies all up sticks then suddenly you have thousands possibly millions of unemployed people who aren't paying hundreds of pounds a month each into the system. Consider facebook probably employs 1000 staff on an average of £60k/pa thats around £25k/pa per employee in income tax or £25,000,000 into the UK economy and that's before you include the tax on them spending any of that money.