12-10-2020, 04:01 PM
31
Re: Universal Basic Income?
Originally Posted by The Artful Todger
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Why? Why should the UK expect that profits resulting from international trade be taxed by the UK? Charging import duties on certain products - fine - but charging any other tax on a business that is not based in the UK is totally wrong.
12-10-2020, 05:45 PM
32
Re: Universal Basic Income?
Originally Posted by AnnieS
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A new approach is needed particularly in respect of digital services which have a global presence.
Sales made to the UK are subject to UK import taxes so what more can be expected?
Taxes are also paid to the government of the country in which the business is registered and operates from based on the profit the business makes.
What possible justification is there to do otherwise? So why should anything be changed?
12-10-2020, 11:28 PM
33
Re: Universal Basic Income?
Originally Posted by The Artful Todger
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But why? As it is taxes are paid legally by international businesses. Why should (say) the UK tax the profits of a business operating in a different country? Sales made to the UK are subject to UK import taxes so what more can be expected?
Taxes are also paid to the government of the country in which the business is registered and operates from based on the profit the business makes.
What possible justification is there to do otherwise? So why should anything be changed?
13-10-2020, 10:15 AM
34
Re: Universal Basic Income?
Originally Posted by AnnieS
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If you believe in a truly free economy you should believe in a level playing field. For good and for bad. You cannot have a level playing field with tax boltholes. That just protects the biggest players and innovation is the victim. I would have thought you would be dead set against that.
There should be NO playing field, just a jungle enabling survival of the fittest to survive!
Rather than smothering innovation the precise opposite is the case in a competitive market.
13-10-2020, 11:22 AM
35
Re: Universal Basic Income?
Originally Posted by The Artful Todger
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Why on earth should a free economy require a "level playing field"? There should be NO playing field, just a jungle enabling survival of the fittest to survive!
Rather than smothering innovation the precise opposite is the case in a competitive market.
13-10-2020, 11:52 AM
36
Re: Universal Basic Income?
Originally Posted by AnnieS
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Because otherwise you end up with one faceless "corporation". That is not in the interest of innovation and it's not in the interest of consumers. You shouldn't have a situation where big guns can swan off to tax havens while new entrants are struggling with red tape.
As for making use of so called tax havens, they can be used by any start-up and should be used right from the get-go. It's a strategy that I have always adopted. Likewise "shell" companies situated in low tax areas, the maintenance costs of such is surprisingly low.
I'm starting to suspect that you've little experience when it comes to being an entrepreneur!
13-10-2020, 12:13 PM
37
Re: Universal Basic Income?
Originally Posted by The Artful Todger
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There is absolutely no reason why there should be just one faceless corporation. That is a total red herring. In any case size brings inflexibility which creates opportunity for start up enterprises.As for making use of so called tax havens, they can be used by any start-up and should be used right from the get-go. It's a strategy that I have always adopted. Likewise "shell" companies situated in low tax areas, the maintenance costs of such is surprisingly low.
I'm starting to suspect that you've little experience when it comes to being an entrepreneur!
Donkeyman! 😇😇😇
13-10-2020, 12:58 PM
38
Re: Universal Basic Income?
Originally Posted by Donkeyman
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Im starting to suspect that the term entrepeneur means crook !!Donkeyman! 😇😇😇
13-10-2020, 03:08 PM
39
Re: Universal Basic Income?
Originally Posted by The Artful Todger
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In the real world it means whatever damn thing that you can get away with using whatever means that are available to get what you want.
13-10-2020, 03:30 PM
40
Re: Universal Basic Income?
Originally Posted by AnnieS
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Like a politician you mean?
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