[governance] FW: [Dewayne-Net] Facebook paid £2.9m tax on £840m profits

[Paul Lehto]

On Dec 27, 2012 7:38 AM, "Michael Leibrandt" <michael_leibrandt at web.de>
wrote:
>
> And all those preferential rules and regulations have been introduced by
democratic governments after listening to the national stakeholders, so we
can't blame the companies for making use of it.

"Listening to national stakeholders" in this international tax con text  is
a euphemism at best for special interest legislation.  I think those who
seek special interest laws, arguably corrupt the process in so doing, and
then subsequently take great advantage of their special interest laws most
certainly CAN be blamed. And most of the public does blame special
interests for a lot. We may not agree on a complete definition of special
interest, but we do agree on core areas of special interest and tax law is
one of those classic core areas of special interest operation.
Paul Lehto, J.D.

>
> ----- Original Message ----- From: "Roland Perry" <
roland at internetpolicyagency.com>
> To: <governance at lists.igcaucus.org>
> Sent: Thursday, December 27, 2012 12:16 AM
> Subject: Re: [governance] FW: [Dewayne-Net] Facebook paid £2.9m tax on
£840m profits
>
>
>
>> In message <00a001cde14d$204533f0$60cf9bd0$@gmail.com>, at 12:36:02 on
>> Sun, 23 Dec 2012, michael gurstein <gurstein at gmail.com> writes
>>
>>> A Facebook spokeswoman said: "Facebook complies with all relevant
>>> corporate regulations including those related to filing company
>>> reports and taxation."
>>
>>
>> It's taken a long time for legal tax avoidance schemes to become a
>> political hot potato [several other companies have done it in plain
>> sight for a generation]. But the genie is out of the bottle now.
>>
>> (Apologies for the profuse metaphors).
>>
>>> The company added that it chose to base its international
>>> headquarters in Ireland as it was the "best location to hire
>>> staff with the right skills to run a multilingual hi-tech operation
>>> serving the whole of Europe".
>>
>>
>> Which is true. Many well-known technology companies have based
>> themselves in Ireland and tapped the same talent (much of it
>> immigrant, not that it's a bad thing). Dell, Intel, Apple etc.
>> --
>> Roland Perry
>>
>>
>
>
>
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>
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