Google Defends Its Alleged UK Tax DodgeAdded: Tuesday, June 11th, 2013
Category: Bit Torrent Freedom > The Industries Of Records, Gaming, Software, Movies
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Google's CEO promised that the company would pay more tax if it were required to do so by British legislation. The company is still under the close scrutiny from HMRC, alleged of paying only £7.3 million in corporation tax in 2012 while having a British turnover worth about £3 billion. Other corporations have been in the firing line, including Microsoft and Starbucks, with senior politicians going on record to call the dodges a case of morality.
Nevertheless, Google’s argument says that it’s actually up to legislators to close loopholes instead of scapegoating individual firms simply operating within a system. It seems that the Coalition government blustered about closing loopholes, but thus far little action has been taken, except for a recent campaign held by HMRC which saw it naming and shaming small traders. In the meanwhile, such companies as Vodafone managed to escape scrutiny. This has been the main focus of political action group called UK Uncut.
A few days ago, one of the former Google employees claimed that the search giant had managed to “pull the wool” over HMRC by diverting UK profits through Ireland to a Bermuda tax haven. Nevertheless, Google's CEO claimed that the corporation’s position related to its fiduciary responsibility to its shareholders. Google believes that if the tax man wanted to line his pockets there should be a change in the legislation. The company pointed out that what it is doing is absolutely legal. Google’s CEO was rather perplexed by the debate in question, which has been going in the United Kingdom for quite some time because he viewed taxes as not optional. He believes that the company should pay the taxes that are legally required, and it sounds right. So, Google claimed that in the event that the UK system changes the tax laws, it would comply. In case the taxes rise, the company will pay more, otherwise it will pay less – that is a political decision for the democracy that is the United Kingdom.
June 11th,2013Posted by:
Tuesday, June 11th, 2013
|And that's where the system all falls down|
the sheer cost of keeping a political party running whether they are in power or in opposition is quite immense when you factor in premises, electric, gas, phone, IT equipment, maintenance, rates, wages and the other almost endless stream of expenses and THEN when an election either local or national is on the horizon you have the cost of campaigning
That money means political parties are dependant on donations. And donations of any note can ONLY come from people with oodles of money, the same people who run or own large companies, the same people who dodge millions of pounds of tax through "legal" loopholes and the political parties on both sides get large donations from the same companies and individuals albeit often through different companies that they own
So political parties and individual politicians are bought and paid for long before us "peasants" get to cast our worthless votes in our mockery of a "demockeracy" as career politicians and rich politicians remove any level of ideology out of politics to have it replaced with money driven politics
So when a party does get elected they have no choice but to look after the people who fund them and their party otherwise that money will dry up. And pretty much all extremely wealthy people and large companies/corporations are looking for very similar forms of pay back for their advance payments and stipends to the parties and politicians they own
Sadly though far too many people although capable of figuring out this rather obvious situation put a LOT of effort into not seeing it and into clinging to the rather naïve delusion that politics and democracy is still driven by the majority and the votes they cast
Who ever gets elected the rich get protected and the poor get shafted. Actual idealism other than screw the poor to feed the rich hasn't really existed anywhere in politics except the small fringe parties for decades and "new labour" is the perfect example of and shared money driven agenda across any party capable of winning I believe
Its time to wake up and at least be aware of whats going on around us even if its too late to change it
|#1 Well said indeed.|
|posted by (2013-06-13 05:35:22)|
|@#1, although in essence what you say is correct in that it happens, the debate for a very long time, at least in American politics (sorry I don't know where you reside) has been closing loopholes. Ever since the debt has exceeded 100% of GDP, one major push to reduce the deficit is increasing tax revenue by closing loopholes on corporations and the rich. It was the major push of one party (in an effort to stay politically neutral I'll let you look up which party), but was shot down by the other in favor of the same old tax increases that are rendered meaningless because of so many loopholes. Now the conversation has returned to closing loopholes in attempts to raise even more tax revenues.|
You need pay attention to what your politicians actually push for because in my experience there are always mainstream politicians that are willing to take the hard road and correct the problems in the system that are obvious to all of us.
I do, however, agree that far too often politicians are bought and paid for by the wealthy and corporations to better their own interests.
|would be strait to jail dont pass go if did it in america|
I'm in the UK but politics is politics in every country where politicians have sold out their voters by introducing a fractional reserve banking system
Watch documentaries like the Kock brothers exposed, police state, sicko, documentaries on your FDA and the history of its members and such like and you will see that only pretty rich people can have a career in politics without donations as well as just how many get their funding in the form of donations from big oil, the car industry, finance, weapons, pharma, internet and most of the other business sectors whos profits are dependant on government policy and more so when they sit on comittees where they create legislation that affects those industries
Most of your FDA are ex pharma employees or lobbyists and most go back to their old jobs when they leave government.
Many of obamas advisers are ex lobbyists despite him promising to kick lobbyists out of advisory roles.
the real crux of the problem with politics is career politicians and that's the same in every fractional reserve banking system country as you have skill devoid people who have in most cases never had a real job, have no experience of real life, are very often from privelidged backgrounds and who will say whatever they think the voters want to hear even when its in conflict with their parties "alleged" ideals but always seem to find a reason to do what their campaign contributors want them to do instead
When green peace, the sierra club, I would say the World health organisation but they're heavily funded by the Rothschilds so I would guess their main agenda will be culling the population in third world countries lol. But until "well intentioned" organisations can throw as much money at politicians as the likes of the Pickerings, Rothschilds, Kochs, Bilderbergs, Morgans et al absolutely nothing will change because as "nice" as ideals might be they do not pay for a new BMW/Hummer/Caddy each year nor the fuel to run it, fancy holidays. country club memberships and huge houses backed up by healthy share portfolios and a guaranteed job with one of the corporations you "help" when you leave politics
Even rich people have to put caviar and Chablis on the table you know
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