Tuesday, October 11, 2011

This is why big companies are no good for UK

FTSE 100 tax haven tracker

Use the interactive map to see which companies pay the least tax in the UK while milking you as a customer

Posted by mark @ 04:00 PM (1502 views)
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7 thoughts on “This is why big companies are no good for UK

  • take a look at how many companies tesco own

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  • If ordinary taxpayers stopped being their customers (like I have), and use a higer tax paying or more ethical company instead, the tax avoiders would have no profit to hide. They might even start to boast about how much UK tax they pay.

    Don’t feed greedy multinationals it only encourages them.

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  • The company I work at recently made a public statement that it had payed a certain amount in tax (as a reponse to activist claims that it had been avoiding tax). A quick calculation showed that most of the tax would have been NI and PAYE on its employees.

    That is all fine and well, maybe its the new way that big companies pay tax – through their employees. However, this company is increasingly offshoring more and more of its work to India and elsewhere. That money is just disappearing from our shores.

    I suspect that the net effect of this company is to drain money from UK, as we pay it for services, but more and more of that money goes elsewhere, even though it is a UK company. Is this what the deficit is funding?

    To me it feels like the whole UK is doing the Wile E Coyote thing, running in mid air off the edge of the cliff. At some point, we will find ourselves hurtling towards the canyon floor, followed by a large anvil with ‘Deficit’ written all over it.

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  • All I see is a map. Are there supposed to be some map pins or something to show the data?

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  • mica there is a menu on the left of the map click on the sector or company and pins with numbers will appear on map then click on the pin with number and list of companies the original company owns will popup

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  • [email protected]

    “I suspect that the net effect of this company is to drain money from UK, as we pay it for services, but more and more of that money goes elsewhere, even though it is a UK company. Is this what the deficit is funding?”

    It’s beginning to look like that is the real cause of our financial problems ; haemorhaging money and with offshoring haemorhaging capital .

    Until that is understood the country will spend time debating fixing what is not the main cause of the problem .

    Even if public spending was to be brought under control , which is looking unlikely , it would not stop us continueing to haemhorage capital to countries where there are not the same overheads of social welfare , environmental protection and human/employee rights .

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  • Stick2thefacts says:

    Barclays has 174 companies registered in the Cayman Islands. Tax dodging *******!!!!

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