To conclude the whole £1bn Google profit ought to be UK taxable, you must think engineering and design adds no value https://hiyamaya.wordpress.com/2016/01/25/did-the-uk-really-agree-to-charge-google-a-3-tax-rate/ …
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@CarterPaddy just by multiplying UK revenue by global margin, you've already deducted a pro rata share of engineering, R&D etc.
@dsquareddigest @CarterPaddy - but only at cost price - you haven't allowed for any profit to go to engineering, R&D etc...
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@MForstater@CarterPaddy the post tax profit is the return on capital -
@dsquareddigest@CarterPaddy -sure but the question is where to tax. No international principle that it should all be at the sales end
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@MForstater@CarterPaddy when M&S sells a pair of socks, the value added is the difference between the cost and the sale price. -
@dsquareddigest@MForstater but if fees to US-based sock design, apportioning global costs to UK on same bases as revenue share ain't right - 6 more replies
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