Google says it could not pay more tax in the UK. Utter nonsense. It could book its sales here and pay tax on its trade in this country.
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Replying to @RichardJMurphy
@RichardJMurphy - How would that work when price for each click is set by split second auction between participants across the EU & beyond?1 reply 0 retweets 0 likes -
Replying to @MForstater
@MForstater What has price got to do with it? The value added is created by the UK click and would be billed from UK company to UK customer2 replies 0 retweets 0 likes -
Replying to @RichardJMurphy
@RichardJMurphy The internet don't work like that. e.g. An MNC w a marketing base in UK bidding on ad words for lots of different countries2 replies 0 retweets 0 likes -
Replying to @MForstater
@MForstater@RichardJMurphy if I may chirp in, I think Google said UK "sells" but doesn't "close." May meet action 7 "principal role" std.1 reply 0 retweets 0 likes -
Replying to @ryanmfinley
@ryanmfinley Maybe, but doesn't really fit with any of the examples they give (frustratingly!).1 reply 0 retweets 0 likes -
Replying to @MForstater
@MForstater Yeah, PE is def tricky here. But I think people get so upset because Irish opco can strip income with royalty to tax haven IPco.2 replies 0 retweets 0 likes
@ryanmfinley Yes I think you are right. But i think there is wishful thinking about how much is due to the UK
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Replying to @MForstater
@MForstater Well I def agree the 3% thing is misleading. We can debate what Google UK does, but it def shouldn't get Google's global margin.0 replies 0 retweets 0 likesThanks. Twitter will use this to make your timeline better. UndoUndo
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