There Is No Such Thing As A Business Tax All costs of doing business, including taxes paid to the government, must necessarily be rolled into the price of the goods and services they sell. This means that any tax levied against a business in the tax code is in reality paid by the consumer (YOU) at the register when you check out. When you say business should pay more taxes, what you are effectively saying is that businesses should charge you more money when you buy their products. This is unavoidable as there is no other source of income for these businesses. They MUST get the money from you when you buy their products. The more THEY have to pay, the more YOU have to pay. All business taxes are effectively nothing more than an obfuscated consumption tax charged to consumers.
WRONG TITLE, it should have been "Basic Corporation Tax Avoidance Explained".
Simple explanation: taxing is stealing
Any person familiar with a single person limited company (IT contractor) can see the tax receipt generated by their activity. They can clear see that income tax dwarfs corporation tax (and VAT). Being a single person company you would clear see a chunk of money come(revenue), and various taxes go out. Some are linked with the company(corp tax) and some personal (income tax).
Great video, very informing, certainly had no idea about this business concept framework for making more profit.
Luxembourg is in the EU so why is it a Tax haven ie. Amazon and many more, Answer: Jean-Claude Juncker Prime Minister of Luxembourg from 1995 to 2013, and was also the Minister for Finances from 1989 to 2009. Says it all.
Really simple and informative
we need to deffinitly drop u.s corporate tax to 1 percent
Corporate tax is a grift on the general public who actually pay the tax in the long run (tax is added to the cost of products). If they removed corporate tax everyone would be a lot better off and companies would save $$$ on tax processing (accountants, lawyers, fees etc)
History repeats itself Now Liz is putting 25% on Coperation Tax
Diverted tax & that too at 25% will impact uK economy very badly. Best of luck
Corporation tax. Earn money , spend money . Tax whats left.. Income tax. Earn money , tax money. Spend whats left. If you spend as much as you make your broke. If a Corporation spends as much as they make its called non profitable. So they pay no tax. Loophole exposed.
is a great video but i believe the title should be different as it doesn't explain what it is but its advantages etc
London loves it's the gherkin like a mother loves her son
So why do we still see companies in the UK?
But the only way to redirect income tax is to move the jobs. Only 8% of government tax receipts is from corporation TAX? Having jobs in UK generating income tax is more important. Even the UK banking sector income tax far exceeds corporation tax. So I think this concentration on corporation tax is a slight of hand by left or right wing politicians to win votes of the not wealth, by saying look, vote for us we are hitting the fat cats!
If you tax coporation 50,000 pound/month. Of course, none of them that dumb, they still have to pay wage, insurance and electricity bill.
Does anyone realize that the tax incidence on corporations is zero? Y’all are barking up completely the wrong tree. I can’t decide if all this outrage is sad or funny.
I thought Ireland Was good Luxembourg & principalities have barely any tax
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