Actually not!
"They're just avoiding double taxation."
They very cleverly just issued shares to pay the dividend with (and a lot more besides)! This meant they didnt have to bring the money on shore and pay tax on it. So they have actually evaded tax entirely!
With regard to the "Government's Job", as a qualified tax specialist can easily earn twice as much for the private sector guess where all the brains are. Also, these big companies will easily deploy ten times the number of people to avoid tax as our constantly cut back Civil Service will deploy to hunt it. It's amazing they get anything through the doors these days and with the on going cuts in Civil Service payroll you can expect even less in the future. The bottom line is as long as you have politicians who's next career step is to become directors you aren't going to get legislation to put the thumb screws on corporate tax avoidance.
I mention payroll deplberately as the job cuts lead to an increase in hugely generous redundancy and pension payments to go to non-productive ex employees. Ahhh, but that's a different budget it doesnt matter that it's the same eventual tax fund... That we're not collecting...
Biting the hand that feeds IT
