Reply to post: Re: Think about it...

Five reasons why the Google tax deal is imploding

Graham Cobb

Re: Think about it...

Eh? Tax isn't about taxing some piece of money, it is about taxing transactions. Otherwise, every time the government printed a pound it could only tax it once!

Of course we paid tax when we earn't the money, then paid tax when we spent it, then the company needs to pay tax when they earn it and should also pay tax when they spend it (in fact, companies do not -- mostly they pay tax only on profits, apart from employers NI and some transaction costs, but certainly not on revenues). And the shareholders and employees get taxed when they receive it, and round we go again. That is how tax works.

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