MSE News: Martin's reaction to Brexit
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MoneySavingExpert
Chair, Martin Lewis · Editor, Marcus Herbert
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Those two are very deeply not simple, and you can't "pass the net profit" on because that's not how international taxation works. The only way to move profits is by charging for goods and services, which is why I mentioned international transfer pricing.
https://en.wikipedia.org/wiki/Transfer_pricing
https://en.wikipedia.org/wiki/Base_erosion_and_profit_shifting
https://en.wikipedia.org/wiki/Transfer_mispricing
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.
Yes, and the issues behind intellectual property and royalty payments makes this even more complicated.
I'm not aware of any multi national that is moving profits into the uk in order to pay tax, it's normally the usual circuit of payments through Ireland, the Netherlands and the Isle of Man that manages to avoid payment of almost any uk tax.
I was not talking about tax avoidance scheme but of agreement in many international countries not to double tax if profit tax was paid in a subsidiary country. Many USA companies operate in EU under such a scheme.
Yes, and they generally don't pay much tax in the uk.
Their preference is not to pay much tax in the Netherlands, Eire, Isle of Man or Channel Islands.
As has been said elsewhere, all the vote was for was whether we stayed as a member of the EU or not, there was no mention of immigration on the form.
His vote will be balanced out by one of those who voted remain because they thought they wouldn't be allowed to go on holiday in Ibiza if we leave.
Another question. If I did this would I still be able to keep my British passport?
TIA
No and Yes. For your children to qualify for Irish citizenship you would have needed to be an Irish citizen at the time of their birth. Yes, dual nationality is allowed, and is now obviously a very good idea.
I haven't watched the video just the summary above. Did he really say he didn't expect interest rates to rise? I was thinking the opposite would happen and that we should expect interest rates to fall perhaps to zero. This seems to be partly priced into the currency falls and I would have though a response to deflation would be more likely to be required than a response to inflation.