Thursday, January 28, 2016

Google, Facebook, Amazon and the taxes they pay. Agreement … – left

 
                 
                                                                     

A few days ago the British government has reached an agreement with Google on the fees payable in the United Kingdom: 130 million of arrears since 2005. A 3% fee attacked Labour Some research on Google Profits indicate that the fair price to be paid would be 200 million a year (and not 130 per ten). And the Competition Commissioner of the European Commission, Margharete Vestager, announced an investigation. Meanwhile Google has written to the Financial Times to defend themselves: we respect the law, not evade taxes.

In turn, France and Italy have opened formal inquiries to determine if and how the technology giant has escaped or evaded taxes in both countries. For Italy it is around 300 million – and a possible revenue over 200. An investigation similar concerns Apple. Amazon, Starbucks are themselves in trouble or have reached agreements. It could not be otherwise: over the years the technology giants have used the holes of regulation on the European and global taxes to pay as little as possible to the States where they generate profits by placing their registered offices in places that have a corporate tax, a tax on business profits dlele , lower than elsewhere. In Europe, these places are Ireland and Luxembourg. The world is full of tax havens in the Caribbean where you just do not pay anything. The offices of tech giants are also.

In fact Google, Facebook (which closed a quarter of record profits) and Apple (who carries a minus sign in the sale of phones for first time in 13 years) have not defrauded the IRS but took advantage of the absence of rules and agreements not paying taxes where they generate profits, country by country, but where they have their registered office. Now, the international system of taxation is that established during the League of Nations in 1928 – reminds us of the Financial Times – which provides most of the tase are paid where products are created, built, designed. Well, because then Google will not pay much either in the United States? Why studying well you can, in fact, to make sure to be a company of Bermuda. The system allows, businesses use it.

The news, as well as some dynamism of national governments penniless that until recently have accepted behavior of multinationals without saying a word, that the 31 OECD countries have signed an agreement that would make it more difficult to avoid paying taxes in the place where they generate profits. If Facebook or Google sell advertising in Italy or the Netherlands, will have to declare their profits and pay taxes in the place where they sell and where they have the international headquarters. The countries agree to exchange the information on declarations giants. The pressure for Google & amp; Co. had grown over time, for years, airlines have grown problea avoiding the taxman or almost. Now the climate has changed and there is public attention on the issue. Will do the OECD agreement and the growing attention of governments? Possible, but certainly the agreement with Britain, also shows how large corporations are able to get by governments favorable conditions anyway. The pressure and media attention and public opinion on an important issue in a world where states are struggling to find money to repair the holes in the roads and fund schools, are the best antidote.

minomazz
                         
                                     
                 
 
                 
                     

                             
                     

 
                 
                 

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