One
of the big stories of the week relates to Amazon and Google. They have
collectively made sales of £6.4 billion or as I like to call it £6,400,000,000
(for dramatic effect). Yet, they paid tax of only £6.6 million. That's an
equivalent tax rate of 0.1%!
Never one to miss an opportunity to jump on the back of a popular news story and earn some popularity points, MP's flocked in anger and uproar.
Google and Amazon are not the story here. The continued procrastination of Westminster is the real ‘nuts and bolts’ of the issue. MP's can be as angry as they want at companies manipulating the tax system......but they have the power to change it and make it transparent and easier to regulate. It really is that simple. But that would take effort and thinking outside of the box......not something they have ever been top of the class for.
Is some joined up thinking really out of the question Westminster?
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