Rather interesting interview on today's BBC You and Yours. One of the experts pointed out that aside from coporation tax companies operating in UK pay VAT and employ people which involves payroll tax and creates jobs that spend and generate more VAT.
Much as I am often incensed by callers to this programme I don't bother ringing in as it is lunch time and my butties take precedence - much more important than counter arguing to "disgusted of Tunbridge Wells" . However, it is the case that these companies operate legally and to aks them to pay more tax is like asking anybody if they fancy paying above the rate that is legally set, in a purely voluntary capacity. Bonkers isn't it ?
You can bet your bottom dollar that every man, woman and child in green and pleasant land would take advantage of a favourable aspect of the tax code if they had the chance. How many of those self righteous activists bought CDs cheaply from a CI based company avoiding VAT ?
It is the politicians who need lobbying not the companies. The law may possibly be broken and that is an entirely different matter.
The BBC only slips it in a side comment that the schemes are legal - much like the rest of their biased left wing reporting.
And let me finish with asking how many schemes are the Beeb and their presenters who front these investigative programmes using to mitigate their tax bill ?