OK so I tried the indicator calculation out on Pearson (since they publish CBCR)pic.twitter.com/BHT6A0yYzI
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OK so I tried the indicator calculation out on Pearson (since they publish CBCR)pic.twitter.com/BHT6A0yYzI
Here is the result. A billion of IFF/profit shifting out of the US (in order to increase its loss there?!?) into mainly UK & China https://docs.google.com/spreadsheets/d/1J6a_fYcthaaD5MKtfyV971-foP1aVI3TcmDAy1KalNk/edit?usp=sharing … Not sure this makes any sense ( or sits with illicit arms sales, stolen assets & organised crime?)pic.twitter.com/iD1OsKHvxo
I have no knowledge of Pearson’s tax affairs but that cannot be right.
(* note -- its close but not quite what the proposed indicator would measure - indicator uses outward sales while Pearson report revenues including intracompany transactions ....but its close enough to get an idea of what the indicator captures in practice here)
Large if we take 'group adjustments' as indicative - towards 1/4 of all revenue. But it's the fact the group made such a heavy loss that's driving the pattern of results and makes them unrepresentative.
I believe that Pearson is covered in the great British tax robbery by Richard brooks
Amusing to see critics of pcbcr trying to use pcbcr to evidence their point.
I saw it as using PBCBR to check FA utility. If it produces anomalies then what ever else the arguments for/against PBCBR might be, not so easy for it to be reliably plugged into FA?
I don't agree with that, Iain. You absolutely can plug the numbers into a FA calculation. You just can't make general assumptions as to what the delta (between that and the actual tax paid) means.
I think we are saying the same thing. You put in the numbers but we can see the anomalies.
No that wasn't what it was. I was testing the IFF indicator calculation to see what it looks like in real life. Thats all. FA, DBCFT etc... may or may not be good ideas, but thats a different question!
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