tobyaw: (0)
Toby Atkin-Wright ([personal profile] tobyaw) wrote 2012-11-14 12:04 am (UTC)

It is a bit cheap to say that they pay no tax, when they obviously have significant VAT and PAYE bills, as well as all the rates and other taxes that hit businesses. And worth noting that VAT and PAYE both bring in significantly more money to the treasury than corporation tax.

Plenty of organisations are “clearly very successful” yet make a loss, so are not liable for corporation tax — from the latest Internet startup to the Guardian newspaper, businesses lose money year on year but keep trading, keep employing people, and keep paying VAT and PAYE.

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