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DODGY TAX AVOIDERS message???
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kenneal - lagger
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Joined: 20 Sep 2006
Posts: 10762
Location: Newbury, Berkshire

PostPosted: Sat Jan 19, 2019 3:39 pm    Post subject: Reply with quote

Apart from dodgy employment practises the main problem is their ability to avoid corporation tax by off shoring their profits. This means that they can undercut ethical local businesses with lower employment costs and because they have better margins on sales because of the much lower taxes that they pay.

For some reason governments don't seem to want to tackle this. I have suggested on a number of occasions to my MP that corporation tax should be scrapped on retailers and an across the board sales tax introduced in its place, with no get out clauses. That would level the playing field.
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As Steve Keen puts it: “Capital without energy is a statue; labour without energy is a corpse.” Economics ignores this which is why economics is broken.
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