Reply to post: Re: The system is broken

Facebook pays, er, nope, gets £11m credit from UK taxman HMRC...

Diogenes

Re: The system is broken

We all know that a sales tax is not a tax on the company, but a tax on their customers. VAT, for instance, is a tax on consumers. It does not tax the amount of money that a company makes, but charges their customer for the privilege of buying the product.

And ultimately who pays the tax on "profits" ?

Hint - its the same mugs that pay pay VAT

Can't disagree with your last para However, we need to make sure that the profits reported in each country actually match the real product, and are not distorted by artificial means to reduce overall tax liabilities.

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