Another budget , another bout of speculation . This time it is about getting a fair tax take from the social media and commerce giants , the FANG companies.
For years we've grumbled about the ridiculously low levels of tax they pay in the UK but I have not noticed anybody boycotting these companies as a means of getting even. Same with China - for years I said that it was the biggest con going and only recently a certain Mr D Trump has sounded the alarm on their cheating and lowballing. Has nobody ever wondered how you can get your package shipped around the world and make a profit unless you are paying flumpence to post it?
Spreadsheet Phil won't pull any rabbits out the hat on this issue but we have the power to act.
So are you all heading down to your local high street this afternoon for your next purchase or is it actually really too convenient to press a button from the comfort of your couch whilst at the same time tut-tutting over how these digital behemoths are ruining our towns and cities without contributing anything to government coffers.
About Norman Younger
Accountancy practice broker , Commercial mediator & negotiator, Business broker 25+ years professional experience, charity trustee and community worker with a broad (but not-always "PC") view of the country's financial, business, political and social problems. Tel: 0800 2800 321. Follow me on Twitter