G8 pledges on tax avoidance mean nothing
THE pledges made on tax avoidance at the G8 summit have come under fire. What did anyone expect of the G8? Words.
Not a penny more in tax will be paid by Amazon, or any of the other companies who operate intricate webs of offshore companies to avoid tax.
As an independent bookshop owner, I realise that there is only one solution. And that is for HMRC to stop pussyfooting about with big business and start calling the shots.
All they need to do is start with the premise that Amazon does have a permanent establishment in the UK and therefore it is, because of this, liable to pay corporation tax.
What could be simpler? Why are they not laying down the rules, instead of seemingly letting big business dictate?