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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@MForstater@CarterPaddy when M&S sells a pair of socks, the value added is the difference between the cost and the sale price.
@dsquareddigest @CarterPaddy not sure socks value chain the best analogy! (M&S don't own the factories) But M&S value also in design stage
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@MForstater@dsquareddigest we need to break out a spreadsheet, look at some examples - 1 more reply
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