When you click the link who’s the guy middle row, on the right of the image (blue suit)?
15% tax on profits where they are earned.
Wonder how this will be enforced.
Correspondence between multinational company and local tax office.
Taxman “Could you please provide documentation and accounts of profits in foreign countries that should have been taxed there, but was continuously moved through subsidiary companies to pay for parent company licensee patents claims, loans, fees, administration, marketing, insurance, advertising, brand name borrowing, legal assistance, development, research and therefor not taxed anywhere”
Company “We have no recollection of such transfers and subsidiary companies locally filed tax documents in respective nations include the required necessary documentation, and we have no obligation to share these locally nation filed documents with you”
Taxman “Okay fine. Sorry to bother you and have a nice day”
(comment might include sarcasm and comedic non sense)
7 comments
So when can I start paying 15% tax?
Are there any numbers on how much this would add to the G20 countries in terms of Tax revenue?
https://i.imgur.com/dnJEDjL.jpg
Edit: link from BBC also fits… ಠᴗಠ
Useless.
When you click the link who’s the guy middle row, on the right of the image (blue suit)?
15% tax on profits where they are earned.
Wonder how this will be enforced.
Correspondence between multinational company and local tax office.
Taxman “Could you please provide documentation and accounts of profits in foreign countries that should have been taxed there, but was continuously moved through subsidiary companies to pay for parent company licensee patents claims, loans, fees, administration, marketing, insurance, advertising, brand name borrowing, legal assistance, development, research and therefor not taxed anywhere”
Company “We have no recollection of such transfers and subsidiary companies locally filed tax documents in respective nations include the required necessary documentation, and we have no obligation to share these locally nation filed documents with you”
Taxman “Okay fine. Sorry to bother you and have a nice day”
(comment might include sarcasm and comedic non sense)
Is London getting an exemption or not?