No, that wasn’t a typo.
People need to realise that if companies can get away with paying tax on UK profits, they will. they always have and they always will.
How many times have you received a tax rebate from HMRC and said ”I know what I’ll do, I’ll pay it back to support our welfare system, or to support our NHS, or our support government backed schemes for getting people back into work”?
I actually applaud those companies who can use the law to cut or even drop their tax bills.
You see protesters on the news and there is an image of people chanting some mantra standing outside a Starbucks outlet, in clear outrage over the coffee chain’s ability to get away with paying tax. What they clearly haven’t thought about whilst they were at home making their little signs and banners used to express their outrage, is that with the tax savings these firms have made, this could go towards new jobs, new investment and new innovations for the country
What would you prefer, to support a welfare state and keep a person in that welfare state though company taxation, or to support a system whereby we can get that person from that welfare state and into a job that Starbucks, or Google has just made because they have saved X amount of money by not paying tax?
Another buzzword I have heard is ‘moral’. It has been dubbed ‘Immoral’, since it is not ‘illegal’, to use the law to avoid paying tax, or reducing their corporation tax liability. Lets not kid ourselves, being moral does not even come into this. Again, it never has and it never will.
I think people really need to look at the wider picture before they condemn companies to the devils front door.
Todd Gilbey | gilbey.todd@googlemail.com
Todd Gilbey 
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