Submitted on Sunday 21st October 2012
Rejected on Wednesday 21st June 2017
Current status: Rejected
Rejection code: duplicate (see below for details)
Close tax loopholes for multinational companies
Facebook, Amazon, Vodafone, Starbucks, eBay and Goldman Sachs. These all have one thing in common. All pay little or no tax in the UK yet benefit from making profits in the UK.
This is achieved by using legal but morally wrong schemes that turn these profits into losses - for instance Starbucks pay a license fee to Starbucks head office that equals it's UK profits, therefore minimising what they have to pay. Amazon Europe operate in Luxemboug, paying taxes in that country rather than in the UK where it operates 9 huge depots. Should Vodafone be allowed to bid for a 4G network if they don't pay taxes?
Many will threaten to leave the UK losing jobs. Really? I doubt it - if they do then other businesses will replace them. Where there is profit to be made in a market a company will exploit it.
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The Government e-Petitions Team gave the following reason:
There's already a petition about this issue. We cannot accept a new petition when we already have one about a very similar issue.
You are more likely to get action on this issue if you sign and share a single petition.
18.227.209.214 Sat, 23 Nov 2024 21:15:19 +0000
