Collecting Tax is about Political Will – Part 3

Parts 1 and 2 of this feature looked at the manipulation of company borrowing, and the rate of interest, to aggressively minimise corporation tax. Corporation tax is paid on profits, and another way to minimise corporation tax is to have no profits in the UK – because there are no sales in the UK!!  Amazon does this by selling from Luxembourg and claiming that their UK based offices, warehouses and staff are not involved in selling, and Google achieves the same by claiming everything is sold from Ireland!! Taxing on-line retailers is hardly rocket science, as the on-line retailers have…