Originally Posted by applesfiction
Apple deserves the scrutiny -- and there's a lot of commentary on Apple and other corporate tax avoidance at www.applesfiction.com
Yeah, and especially the UK government is a good candidate to raise this issue. ROFL.
(Before anybody gets me wrong, I have nothing at all against our UK friends, I am actually marrying one next month - this is only about some facts.)
The UK government has steadily worked on establishing the lowest corporate tax rate in any major European country (20% is far below the US, France and Germany) in order to make businesses move to the UK. (I am not saying this is unethical or bad, I am just pointing it out.) It has (multiple times) lowered the security requirements for even founding a company, resulting in multiple fishy businesses (from all over Europe) settling in the UK. There are several big UK businesses, including banks, consultancies and insurances, that channel billions of Pounds through Ireland, the, aptly named, Channel Islands or other tax havens (from the Bermudas to Labuan, Malaysia). I am yet waiting for them to receive any scrutiny, or being called out by the UK government. Why use Apple for a publicity stunt, when they have so many black sheep in their own flock to choose from?
Let me be clear. If that is what the people in the UK want, so be it. But people should fulfil their number one duty in a democracy: watch those who govern you. One data point? While the ratio of corporate and individual taxes collected is close to 1:1 in France and Germany, it is between 1:3 and 1:4 in the UK. So, when they announce the next cut of benefits, or the next raise of prices... don't look at Apple. They are just an easy target here.