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Leaving the EU?

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Comments

  • wotsthat
    wotsthat Posts: 11,325 Forumite
    Conviniently, theres a BBC news article out today.

    Describes how tax avoidance in the UK can be achieved by routing sales through Eire (EU). This is just Google.

    Have a read wotsthat. If we were out of the EU, this situation would be in our hands. As it is, we cannot do anything....bar doing what Cameron is doing.

    http://www.bbc.co.uk/news/uk-22620615

    Even Mr Milliband backs it....as I know you don't like Cameron....

    If we left the EU we wouldn't suddenly start to be able to tax the profits of an American company that were made in Ireland.

    That's the crux - are these companies really making these profits where they say they are - if yes then leaving the EU wouldn't increase UK tax revenues; if no they should be done for evasion.

    The UK taking a more isolationist stance won't sort anything - if anything wider tax agreements are needed which is what the government are pushing for.

    Milliband is confused as to how a company can have such a large turnover here but such little activity. It's quite possibly true but a number of tax authorities (including the US, UK & other EU) have got to have egg on their faces at being caught out like this.

    I think you're trying to shoehorn this into an in/out argument - it just doesn't fit. I doubt UKIP have a strong view and will be sticking to their core anti-immigration policy instead.
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