Chit Chat
Welcome to Live View – Take the tour to learn more
Start Tour
There is currently 1 person viewing this thread.
22 Jan 16
21:03
Joined:
Date Joined:
05 Apr 06
Four and a half thousand miles from the UK the Cayman Islands hold a huge reputation as one of world's largest so-called tax havens, a place where a surprising number of British household brands are registered - with one building housing 20,000 companies. Jacques Peretti discovers how businesses associated with the Cayman Islands pay no tax on their transactions, and assesses the impact - beneficial or otherwise - on the British people as a whole. He also explores what the future holds for the islands
Show More
I missed the departure of the ship on which I was working, on Grand Cayman. 
Cost me my job.
Mind you it was a nice place to be stranded.
Cost me my job.
Mind you it was a nice place to be stranded.
Captain?
20,000 companies reg'ed in 1 building ......hmmmmm
20,000 companies reg'ed in 1 building ......hmmmmm
Tax Havens (eg. Cayman Islands) ...why ?
what you have to realise is most western Governments are like big fat gorging pigs and will chomp away at at your well earned hard earned profits ! Corporation Tax, Income Tax, VAT, National Insurance, Tax you to death etc ..etc ..
No matter how much they take in Taxes - they always want more ...and the more they take in - the more they wasteful and the more inefficient they become.
I mean personal income Tax ..WTF why do we even put up with it - if you do a 5 day working week it works out (in most cases)two of those days you're working for HMRC ....
what you have to realise is most western Governments are like big fat gorging pigs and will chomp away at at your well earned hard earned profits ! Corporation Tax, Income Tax, VAT, National Insurance, Tax you to death etc ..etc ..
No matter how much they take in Taxes - they always want more ...and the more they take in - the more they wasteful and the more inefficient they become.
I mean personal income Tax ..WTF why do we even put up with it - if you do a 5 day working week it works out (in most cases)two of those days you're working for HMRC ....
.
http://www.bbc.co.uk/news/business-35381130
Google agrees £130m UK tax deal with HMRC
Google has agreed to pay £130m in back taxes after an "open audit" of its accounts by the UK tax authorities.
The company had been accused of "not paying its fair share" of tax, and criticised for complex tax structures.
Senior figures at the technology company have said that they want to draw a line under the issue.
"Today we announced that we are going to be paying more tax in the UK," Matt Brittin, the head of Google Europe, told the BBC.
"The rules are changing internationally and the UK government is taking the lead in applying those rules so we'll be changing what we are doing here.
"We want to ensure that we pay the right amount of tax."
Google's move comes after a six year inquiry by Her Majesty's Revenue and Customs (HMRC).
It acted after controversy over the low level of taxes paid by multinational companies that operate in the UK but are headquartered abroad.
Despite the UK being one of Google's biggest markets, it paid £20.4m in taxes in 2013.
The value of its sales in Britain that year was £3.8bn.
The company has been criticised for its complex international tax structures.
Its European headquarters are in Ireland which has a lower corporation tax rate than the UK.
It has also used company structures in Bermuda - where the corporation tax rate is zero - to shelter profits.
Such moves are legal and Google says it has abided by international tax rules.
It is an American business, meaning that it pays the majority of its taxes there.
Accounting change
Google has now agreed to change its accounting system so that a higher proportion of sales activity is registered in Britain rather than Ireland.
It has pledged to pay more tax on those sales in the future.
It has also said that it will use a different structure to account for its profits in the UK from 2005 until 2015.
"We are paying £130m in respect of previous years when the rules were to pay in respect of profits you make in a country and then going forward we will also be paying in respect of sales to UK customers," Mr Brittin said.
http://www.bbc.co.uk/news/business-35381130
Google agrees £130m UK tax deal with HMRC
Google has agreed to pay £130m in back taxes after an "open audit" of its accounts by the UK tax authorities.
The company had been accused of "not paying its fair share" of tax, and criticised for complex tax structures.
Senior figures at the technology company have said that they want to draw a line under the issue.
"Today we announced that we are going to be paying more tax in the UK," Matt Brittin, the head of Google Europe, told the BBC.
"The rules are changing internationally and the UK government is taking the lead in applying those rules so we'll be changing what we are doing here.
"We want to ensure that we pay the right amount of tax."
Google's move comes after a six year inquiry by Her Majesty's Revenue and Customs (HMRC).
It acted after controversy over the low level of taxes paid by multinational companies that operate in the UK but are headquartered abroad.
Despite the UK being one of Google's biggest markets, it paid £20.4m in taxes in 2013.
The value of its sales in Britain that year was £3.8bn.
The company has been criticised for its complex international tax structures.
Its European headquarters are in Ireland which has a lower corporation tax rate than the UK.
It has also used company structures in Bermuda - where the corporation tax rate is zero - to shelter profits.
Such moves are legal and Google says it has abided by international tax rules.
It is an American business, meaning that it pays the majority of its taxes there.
Accounting change
Google has now agreed to change its accounting system so that a higher proportion of sales activity is registered in Britain rather than Ireland.
It has pledged to pay more tax on those sales in the future.
It has also said that it will use a different structure to account for its profits in the UK from 2005 until 2015.
"We are paying £130m in respect of previous years when the rules were to pay in respect of profits you make in a country and then going forward we will also be paying in respect of sales to UK customers," Mr Brittin said.
STUDYFORM
Date Joined: 26 Jan 05
Add contact | Send message
22 Jan 16 21:20 Joined: 26 Jan 05 | Topic/replies: 15,319 | Blogger: STUDYFORM's blog
I missed the departure of the ship on which I was working, on Grand Cayman. CryCry
Cost me my job.
Mind you it was a nice place to be stranded.
what you do on the ships , my dad worked on them
Date Joined: 26 Jan 05
Add contact | Send message
22 Jan 16 21:20 Joined: 26 Jan 05 | Topic/replies: 15,319 | Blogger: STUDYFORM's blog
I missed the departure of the ship on which I was working, on Grand Cayman. CryCry
Cost me my job.
Mind you it was a nice place to be stranded.
what you do on the ships , my dad worked on them
Post Your Reply
Please login to post a reply.
Wonder
Instance ID: 13539