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    Mr Self Important Senior Member Beskar's Avatar
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    Default Re: Swiss bankier arrested in Italy

    Quote Originally Posted by Andres View Post
    Of course, from a moral point of view, there's much to say about the unfairness of it all, but that doesn't mean it's illegal.
    Taken from the article:
    - Starbucks UK reported losses so did not have to pay corporation tax, but told investors that it was "profitable".
    - It said the coffee giant had reported losses in each of the last five years and therefore did not have to pay any corporation tax, yet executives told analysts that the UK business was "successful", "profitable" and they were "very pleased with the performance".
    - It identified payments between companies within the group as a factor in reducing its taxable income in the UK.

    They are purposefully exploiting the tax system. Whilst 'Tax Avoidance' isn't strictly illegal, by common-sense, not being able to see them fleece the system is naive.

    Good way to counter it would be a 10% of all sale transactions. They would start doing their paperwork correctly then to pay their due to avoid a massive loss.
    Last edited by Beskar; 10-22-2013 at 16:06.
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