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Facebook getting out of hand (caveat emptor)
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cambsno
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Quite right, but these days it's always someone else's eyes fault. Yes, the Internet can be a place where conmen lurk but so too can be directories or papers. It is a case of buyer beware, do your research and act with caution.
Take some responsibility!!!
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The bickering threads, most people get bored with the bickering, but most people will join in in a good old fashioned off topic threadnot sure whats worse, the bickering threads or the ones that go off on a spam tangent
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Hello Dad I wondered where you got toI AM YOUR FATHER :nailbiting::nailbiting::nailbiting::nailbiting:
OP
the black fox
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dejongj
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In my opinion, absolutely. We need to make it attractive to pay tax here opposed to in another country that was more attractive to Facebook. It's 2015 and we need to recognise the global network opportunities.
I think we also need to recognise that if they make profits from the business they do in the UK then they should pay their taxes in the UK. I suspect we're never going to agree on this one
cambsno
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I think we also need to recognise that if they make profits from the business they do in the UK then they should pay their taxes in the UK. I suspect we're never going to agree on this one
Totally agree, it is totally wrong that the likes of them, Amazon and Starbucks avoid this. But what is the answer, I guess they are avoiding legally, its the rules that need changing but can we do this (EU and globally?)
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I also agree, but I suspect its what keeps their prices down ?
Although rather like flea-bay, things aren't quite as cheap as they once were.
dejongj
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Why? That is exactly why the international double taxation treaties exist, to avoid double taxation.I think we also need to recognise that if they make profits from the business they do in the UK then they should pay their taxes in the UK. I suspect we're never going to agree on this one
We should work on getting the full tax bill paid here. Or alternatively try and change the global tax rules and see how far we get.
One thing people always forget is that they pay all the tax that is required. Don't blame the companies or individuals playing it by the rules, deal with the governments making those rules.
Phil V
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But I believe they're bending the rules somewhat, and they're not alone in that.
If the UK employees are doing so well for the company that they're earning massive bonuses, then surely they're making profits here. I can't imagine a business paying massive bonuses to employees when the business is making a loss.
dejongj
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I used to get bonuses on global performance in addition to local performance in pharma. It all depends on the legal structure in accordance with what governments have drawn up.
Phil V
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And you seriously believe that Facebook UK are making no profit?
viv1969
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They don't claim to make no profit.
They merely pay only the tax they're legally obliged to.
Those rules will change shortly.
dejongj
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I seriously belief they play it by the rules. I don't like it how there is this focus on legal entities who play it by the rules, yet Joe public think it is isn't good enough. Well change the rules first.
I haven't looked in detail into their accounts, nor do I profess to be able to understand them. But I know many people in HMRC who are very capable of such matters.
According to the article I linked to they made an "accounting" loss of £28.5m in the UK so very little corporation tax was due.
I'm sure they've moved it around here there and everywhere in all sorts of ways but all of them strictly legal, dodgy as hell but nevertheless legal.
JP is correct when he implies that it's the government that make the rules and the argument should be with them. I have no real faith of the current government changing anything though.
I'm sure they've moved it around here there and everywhere in all sorts of ways but all of them strictly legal, dodgy as hell but nevertheless legal.
JP is correct when he implies that it's the government that make the rules and the argument should be with them. I have no real faith of the current government changing anything though.
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Facebook is simply a communication platform. What one communicates, who they communicate with and whether they are edified or frustrated by their communications are things under their own control.
It's little different from the telephony system in that regard.
I'm always perplexed by people moaning that Facebook is all "people posting pictures of their breakfast". Well, maybe don't follow people who make boring posts about breakfast? It'd be like using your phone to call your tediously boring cousin, then complaining that there was something wrong with the idea of telephones.
It's just a communication platform. It is what you make it.
It's little different from the telephony system in that regard.
I'm always perplexed by people moaning that Facebook is all "people posting pictures of their breakfast". Well, maybe don't follow people who make boring posts about breakfast? It'd be like using your phone to call your tediously boring cousin, then complaining that there was something wrong with the idea of telephones.
It's just a communication platform. It is what you make it.
dejongj
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Exactly, I tell people all the "Get better friends!"
dejongj
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And that is how it links nicely to in/out Europe and how Britain is seen globally. Without backing out of international tax treaties, or allowing to offset losses, what should a government be doing that the current one isn't?
It could put better effort into shutting down or curtailing the many tax havens and secrecy jurisdictions that exist, particularly the ones in our crown dependencies and so on.
There's an interesting link HERE for anyone who wants to know more.
We definitely need to change things but I sometimes wonder if we ever will...
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So you aren't satisfied with the BEPS announcement then?
No, are you?
If you're referring to the negotiations on the BEPS project It's a start, but words are cheap and as far as I'm aware they haven't even commenced formal negotiations yet and they're not due to finish these until the end of 2016. The US have not even declared if they will join yet, but jurisdictions like the channel islands and the isle of man have said they will seek observer status. All this sounds typical of this kind of thing everything will hinge on technicalities and of exact wording and so on, and I suppose it has to, that's the nature of the beast. But what of morality?
My view is that we are totally losing track of what is right and what is wrong. I don't have an easy answer either, wish I did. But the current situation where we have many multinationals paying little or no tax into the country, often less than someone earning the average wage, is inexcusable.
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Part of the problem as I see it is the revolving door between government and big business in making the rules. The big 4 are commonly included in drafting of tax regulation, and then charge large corporation millions to advise how those taxes they helped draft are best avoided. Looks more than a little suspicious to an outsider like me.
They pay the dues, and have to pay what is legally enforceable. Just like I dont pay more tax than I have to.
As for facebook, if you are thick enough not to have basic checks in place, it is not facebooks fault, it is the criminals.
There are laws against murder, theft etc, but they happen on a daily basis.
As for facebook, if you are thick enough not to have basic checks in place, it is not facebooks fault, it is the criminals.
There are laws against murder, theft etc, but they happen on a daily basis.
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Sounds like Bolshevism to me.
