This is not a problem which has "suddenly" surfaced ! It has now become evident, because even laymen realise that there has been abuse !!! It is incomprehensible when international organisations with sales of millions if not billions, avoid paying tax on abnormally low profits.
If this is not a "new" problem, has it not been going on for much too long ? Have international organisations, Groups and Companies not been burdening subsidiaries in other countries with barely justifiable costs ?
Are "Head Office" costs for "guiding" or "directing" subsidiaries acceptable to be booked as real costs for the subsidiaries concerned ? Are invoices for "Royalty" payments for the use of group inventions acceptable ?
There must be a limit !!! No company has the right to avoid paying a normal rate of tax on operations !!!
Countries, wherever they are, must legislate to protect their rights and their citizens !!! The use of tax havens by companies must be justified !!! More stringent tax rules must be introduced.
Should the term "pre-tax profits" not be redefined to exclude, to prevent, the booking of spurious costs ?
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