Olympic Tax Dodging petition

The place for more serious off topic questions, light hearted banter and friendly chat.
User avatar
Cleat Eastwood
Posts: 7720
Joined: Sun Mar 19, 2006 23:03 pm
Contact:

Olympic Tax Dodging petition

Postby Cleat Eastwood » Thu Jul 12, 2012 19:57 pm

The dissenter is every human being at those moments of his life when he resigns
momentarily from the herd and thinks for himself.

User avatar
Manglier
Posts: 272
Joined: Sun Nov 14, 2010 11:30 am

Re: Olympic Tax Dodging petition

Postby Manglier » Fri Jul 13, 2012 09:03 am

Done.

MrChuck
Posts: 1644
Joined: Tue Feb 15, 2005 18:54 pm

Re: Olympic Tax Dodging petition

Postby MrChuck » Fri Jul 13, 2012 16:05 pm

Not done.

I signed up for the forests thing, but there's something about this that gets up my nose- not sure I can articulate it any better than that though!

That's not to say I'm in favour of big business taking the pi$$ or the Olympic sponsorship arrangements though.

BillyMansell
Posts: 820
Joined: Sat Aug 14, 2010 18:35 pm

Re: Olympic Tax Dodging petition

Postby BillyMansell » Fri Jul 13, 2012 16:19 pm

If you're asking someone to sign a petition, surely it would be helpful to give them enough information so that they can make an informed decision before signing up and an explanation of what you're intending to do in their name?

User avatar
TheEnglishman
Posts: 555
Joined: Fri Jun 22, 2012 22:47 pm

Re: Olympic Tax Dodging petition

Postby TheEnglishman » Fri Jul 13, 2012 16:22 pm

Yea - a bit of background and some evidence will help your cause.

User avatar
Stevo 666
Posts: 18498
Joined: Fri Jun 26, 2009 11:21 am

Re: Olympic Tax Dodging petition

Postby Stevo 666 » Fri Jul 13, 2012 16:37 pm

They get a tax deduction on the sponsorship cost and they pay tax on the income thay earn from what they sell etc in the games - seems fair enough and it's tax law so there is no dodging going on at all. Seems like a pretty pointless and misguided petition to me - unless you want them to make it fair by not paying tax on the income as well...
Whippet
Bruiser
Panzer
Commuter

"I spent most of my money on birds, booze and fast cars: the rest of it I just squandered." [George Best]

User avatar
Cleat Eastwood
Posts: 7720
Joined: Sun Mar 19, 2006 23:03 pm
Contact:

Re: Olympic Tax Dodging petition

Postby Cleat Eastwood » Fri Jul 13, 2012 18:47 pm

Stevo 666 wrote:They get a tax deduction on the sponsorship cost and they pay tax on the income thay earn from what they sell etc in the games - seems fair enough and it's tax law so there is no dodging going on at all. Seems like a pretty pointless and misguided petition to me - unless you want them to make it fair by not paying tax on the income as well...


Not quite

http://www.ethicalconsumer.org/commenta ... indle.aspx
The dissenter is every human being at those moments of his life when he resigns
momentarily from the herd and thinks for himself.

User avatar
Stevo 666
Posts: 18498
Joined: Fri Jun 26, 2009 11:21 am

Re: Olympic Tax Dodging petition

Postby Stevo 666 » Fri Jul 13, 2012 22:32 pm

The totally unbiased 'ethical consumer' :roll:

Looks like these companies are following the rules set out by HMRC:
"The new legislation also exempts all foreign nationals working on the games in the UK from paying income tax on any earnings. Thousands will be exempt from taxation from competitors to media workers (including journalists, technicians and producers) to representatives of official Games bodies and technical officials (including judges, referees and classifiers) along with the athletes themselves."

"New tax rules ushered in as part of the winning Team GB bid include ‘a temporary exemption from UK Corporation Tax and UK Income Tax for certain non-resident companies’."
If HMRC publishes these exemptions why shouldn't companies use them?

And the listing of companies with subsidiairies in tax havens without any evidence that these companies are being used to avoid tax on Olympic profits is just a weak attempt at stirring the sh1te. Particularly as the Games haven't started yet so seems the Ethical consumer has a crystal ball :wink:

So let's see some verifiable evidence of tax 'dodging' on Olympic profits by these companies.
Whippet
Bruiser
Panzer
Commuter

"I spent most of my money on birds, booze and fast cars: the rest of it I just squandered." [George Best]


Return to “The Cake Stop”

Who is online

Users browsing this forum: orraloon, Surrey Commuter and 0 guests