* Posts by Flynn O'Thick

1 publicly visible post • joined 6 Aug 2015

EU: Explain your tax affairs. Google, Amazon, Facebook: Mmm... nah

Flynn O'Thick
Coat

Re: Good on em

So a local coffee shop in the UK pays 20% corp tax. Starbucks pays none - is that fair? Like most multi-national companies it cross charges costs to its own subsidiary subsidiary -it's called "transfer pricing". Governments are imperfect, and big companies will always be able to afford better more expensive lawyers than public servants. Many large IT companies have their European HQ based in Ireland (where corp tax is very low) - it isn't for the nice weather.

If companies pay little or no tax then we can't complain when the roads, hospitals , waste, schools, parks, don't work. Eventually there'll not be even enough money for Govt to pay IT Consultants. hmm..