It's all so obvious and yet WE fall for it every single time?
The same story.
The same tabloid outrage.
The same phone-in finger pointing.
The same mock outrage
Do you remember that week when big business tax avoidance was popular:-
1. Amazon
Online retailer Amazon was accused of using Luxembourg as a location to dramatically reduce their tax obligations in the UK. It was found that the company paid just £1.8m in corporation tax in 2011, despite its £3.35bn UK sales
2. Starbucks
Coffee giant Starbucks did not pay any UK corporation tax in 2011, despite making £380m that year.
3. Facebook
Social media company Facebook were found not to have paid any UK corporation tax in the 2012 fiscal year, despite its UK operation reporting a 70 per cent increase in income from the previous year. Figures show Facebook only paid £1m in UK corporation tax since 2007, despite making half a billion pounds in revenue in Britain.
4. Google
There was public outrage after it was found that Google had only paid £6m in UK corporation tax in 2011, despite raking in annual profit levels of £2.5bn in Britain.
5. Apple
Apple was found to have only paid a corporation tax rate of 1.9 per cent outside North America.
6. eBay
Online trading giant eBay have also been accused of avoiding paying corporation tax in the UK and Germany. It was found that eBay paid just little over $1m in tax, despite their sales of over £800m in the UK.
http://realbusiness.co.uk/article/25034-six-companies-that-avoid-paying-their-taxes
Every child in the UK could eat caviar and wear gold nappies if these 6 companies paid their way.
Don't forget the £85bn given to private companies every year for...erm...some good reason that escapes me at the moment...er...