The US state of Missouri

Notch7 said:
that fullfact link doesnt back up your inference that the EU has not taken a lead in tax avoidance.
Click to expand...

Well not explicitly no, but if you take the statement that HMRC rules already exceed EU rules, then it would be reasonable to infer they had.
 
One man’s tax avoidance scheme is another’s industry support scheme.

The EU courts are full of illegal subsidy, anti competitive practices and tax haven complains. Of the 100s filed each year few result in quantifiable action or penalties.

I think it’s easier to list the countries that don’t have some sort of scheme than those who do. I can’t think of anyone.
 
motorbiking said:
One man’s tax avoidance scheme is another’s industry support scheme.

The EU courts are full of illegal subsidy, anti competitive practices and tax haven complains. Of the 100s filed each year few result in quantifiable action or penalties.

I think it’s easier to list the countries that don’t have some sort of scheme than those who do. I can’t think of anyone.
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the EU is still one of the most open trading blocs in the world
people have a tendency to criticise the EU without comparison to the rest of the world -the leave campaign have spent years doing it.

esp compared to USA and China

brexit was all about deregulation so brexiteers are being rather hypocritical when they complain about the EU in terms of tax avoidance.
 
motorbiking said:
One man’s tax avoidance scheme is another’s industry support scheme.
Click to expand...

The money avoided in paying tax is then spent into the economy by other means? Your MPC declines as you become wealthier so that effect tails off.
 
Notch7 said:
the EU is still one of the most open trading blocs in the world
people have a tendency to criticise the EU without comparison to the rest of the world -the leave campaign have spent years doing it.

esp compared to USA and China

brexit was all about deregulation so brexiteers are being rather hypocritical when they complain about the EU in terms of tax avoidance.
Click to expand...


So how does Luxembourg, Switzerland, Netherlands, Ireland fit in with that (I'm ignoring the the UK as that's implied)
 
EddieM said:
But how do you legislate against states that are out of your jurisdiction? Paper tiger springs to mind.
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You can, but it's tricky.

  • All Member States will now tax profits moved to low-tax countries where the company does not have any genuine economic activity (controlled foreign company rules)
  • To discourage companies from using excessive interest payments to minimise taxes, Member States will limit the amount of net interest expenses that a company can deduct from its taxable income (interest limitation rules)
  • Member States will be able to tackle tax avoidance schemes in cases where other anti-avoidance provisions cannot be applied (general anti-abuse rules
Click to expand...
https://ec.europa.eu/commission/presscorner/detail/en/IP_18_6853

Not a paper tiger. I hope/expect we'll maintain something similar in the UK now we're leaving.
 
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