Reinstate The 25 Year Rolling Road Tax Exemption petition

[Minty]

Changing it to 25 years would have cost a fraction of what they waive away on big corporate tax 'deals' like Google & the rest

[Ben]

£2.3 million vs: http://finbuzz.com/10-biggest-multin...xes-in-the-uk/

Facebook may be the worst offender. In 2014, the social media giant only paid £4,327 in UK corporate taxes on £700 million in revenue. Around in the world, Mark Zuckerberg’s company, which dodges taxes with an office in the Cayman Islands, paid $123 million in corporate taxes, or about 3.6 percent of its $3.4 billion in profits outside of the United States.
Apple has been accused of hoarding more than $8 billion in taxes over the years. America’s largest company holds $180 billion in offshore profits, and according to a recent SEC filing, would have to pay $60 billion in taxes if it ever tried to repatriate, or bring back the money, to the US.
Google most recently made headlines for striking a deal with Britain’s HMRC to only pay £130 million in taxes on an estimated £7.2 billion is has earned in over the past ten years. After the United States, the UK is Google’s largest market and accounts for 11% of global revenues.
Amazon got away with paying just £11.9 million in tax after announcing profits of £34.4 million in 2014.
Starbucks has only paid £8.6 million of tax over 14 years between 1998 and 2012 on sales of £3 billion.
Uber is the latest company to come under the microscope for its tax practices. The taxi-hailing service only paid 2.5% in corporate taxes last year: £22,000 in taxes on £866,000 UK profit. The company recorded its taxes in the Netherlands.
Shell got away with paying absolutely no British taxes in 2014, siphoning off its £19.87 billion in global profits to its Switzerland holding as well as Bermuda, a notorious tax haven.
Vodafone, which has an office in Luxembourg, also paid no UK corporation tax during the 2014-2015 financial year, when it posted £1.3 billion in earnings and a £41 million profit.
AstraZeneca, a pharmaceutical company, also got away with paying 0 taxes in 2014 for the same reason Vodafone did, the company saying it had “no taxable profits”
SABMiller, the brewer recently bought by US Anheuser-Busch InBev (AB InBev), also said it had paid no UK taxes in the last financial year (ending March 31 of 2015).

This is what you voted for.

[vorsprung durch technik]

Originally Posted by Ben

£2.3 million vs: http://finbuzz.com/10-biggest-multin...xes-in-the-uk/



This is what you voted for.

Not me Ben!

[leggy]

Yay, throwing up icon...