On Wed, 22 May 2013 11:18:35 +0100
u2fan <u2...@u2fan.u2fan> wrote:
> How do the corporates justify not paying tax like the little man?
In which jurisdiction do you live? The shareholders (owners) of
companies in my country do pay a great deal of tax in addition to any
corporation tax.
> Very simply they justify to themselves since they are mass employers
> they don't need to pay tax since they are employing people.
>
In my country, employers pay 40-50% tax on employees' salaries. Does
this not happen where you are?
Employers who actually have premises in which to employ people pay
business rates. Does this not happen where you are?
Employers who use energy pay energy taxes. Does this not happen where
you are?
After their operational expenses, salaries and taxation, some employers
do not have much money left with which to pay dividends to their
shareholders. Therefore they pay little corporation tax, which is due
only on dividends and profit retained by the company. Does this not
happen where you are?
I don't expect journalists to know what corporation tax is. I do expect
Gordon Brown and Ed Miliband to know, and clearly they don't. Do you?
Do you know the difference between turnover, gross profit and net
profit? Do you know on which of these that corporation tax is levied?
Do you know that in my country, most commodities are subject to a
turnover tax, a proportion of which is paid to the European Union?
Here's the only important question: do you know who pays *all* taxes?
And I've already given you a clue by pointing out that companies are
abstract concepts, existing only for administrative convenience, and
having no real existence. If you think otherwise, tell me when you last
saw a company. Was it riding a bicycle, perhaps, or driving a car, or
smoking a cigarette? Further clue: a building is not a company, it is
the property of some humans.
--
Joe