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fru-gal

Google Tax

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This is pretty significant and might be a gamechanger (not for property but for tax avoidance);

http://www.theguardian.com/business/2014/dec/03/autumn-statement-2014-osborne-to-introduce-google-tax

This guy seems to think it could be a big change;

http://www.taxresearch.org.uk/Blog/2014/12/03/the-diverted-profits-tax-is-it-the-start-of-unitary-taxation/

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Wow, it's going to raise a whole billion pounds over five years. That's really worth encouraging foreign companies not to have operations in the UK where employees pay income tax and VAT and fuel tax and all those other taxes they currently collect.

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This is pretty significant and might be a gamechanger (not for property but for tax avoidance);

http://www.theguardian.com/business/2014/dec/03/autumn-statement-2014-osborne-to-introduce-google-tax

This guy seems to think it could be a big change;

http://www.taxresearch.org.uk/Blog/2014/12/03/the-diverted-profits-tax-is-it-the-start-of-unitary-taxation/

Will require the co-operation of our international partners. Secondly how do you calculate the amount diverted? Just because UK tax inspector says 10% that is the amount.

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Wow, it's going to raise a whole billion pounds over five years. That's really worth encouraging foreign companies not to have operations in the UK where employees pay income tax and VAT and fuel tax and all those other taxes they currently collect.

It's a tax on profits shifted abroad, so if the money isn't moved it won't incur a charge.

If anything this might see more money stay in the country as the rate is higher than corporation tax.

I can see them figuring out a workaround soon enough, but it might well mean more money stays in the UK and some genuine trickle down (or more likely reinvestment, be that infrastructure or staff increases) rather than simply trickling out.

Edited by byron78

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It's a tax on profits shifted abroad, so if the money isn't moved it won't incur a charge.

It's a tax that is, according to the Guardian link posted here, supposed to raise one billion pounds over five years.

That's utterly, insanely insignificant compared to the government's annual budget deficit, let alone their annual tax revenue.

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It's a tax that is, according to the Guardian link posted here, supposed to raise one billion pounds over five years.

That's utterly, insanely insignificant compared to the government's annual budget deficit, let alone their annual tax revenue.

Only if Google and co continue to operate in exactly the same way.

Which they plainly won't.

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Wow, it's going to raise a whole billion pounds over five years. That's really worth encouraging foreign companies not to have operations in the UK where employees pay income tax and VAT and fuel tax and all those other taxes they currently collect.

And where the government pay half your wage bill.

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Expect price increases.

From Google, Starbucks, and Amazon?

Bring it on. It will at least allow the smaller firms to compete and ultimately that's better for the free market and all of us.

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It's a tax on profits shifted abroad, so if the money isn't moved it won't incur a charge.

Don't confuse money ("cash"/""wonga"/""dosh"/"folding stuff") with profit which is an accounting construct and may or may not bear so ereasemblance to cash.

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What are they going to do? Disable adblock-pro and force my to watch their shitty youtube adverts?

Google have been experimenting with a subscription ad free model. But I don't think they will ever stop their free access. They need the volume of users to generate large enough data sets to make it work well.

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It's a tax on profits shifted abroad, so if the money isn't moved it won't incur a charge.

Don't confuse money ("cash"/""wonga"/""dosh"/"folding stuff") with profit which is an accounting construct and may or may not bear so ereasemblance to cash.

How will the profit shifted be calculated?...

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