http://wordsby.me/2009/02/02/corporate-tax-evasion-vs-benefit-fraud/ This is a porcupine bathing in brine, or it's a blog. YOU DECIDE. Mon, 02 Aug 2010 16:57:03 +0000 http://wordpress.org/?v=2.9.2 hourly 1 http://wordsby.me/2009/02/02/corporate-tax-evasion-vs-benefit-fraud/comment-page-1/#comment-75 Me Thu, 12 Feb 2009 13:59:40 +0000 http://wordsby.me/?p=401#comment-75 Hi Alistair - that's a very interesting idea. Although I'm not sure how workable it is. Aren't most companies that avoid tax still compliant? Because their tax avoidance schemes are legitimate and legal, even if they're not in the spirit of the law. And how much money will we spend on the administration of such a scheme? And how will smaller companies cope with the additional administrative burden? Often schemes that set out to prove or test some kind of standard just become an expensive, complicated affair that many will invest in circumnavigating. I think the best solution to the corporate tax avoidance problem is tighter legislation that closes loopholes. Hi Alistair – that’s a very interesting idea. Although I’m not sure how workable it is. Aren’t most companies that avoid tax still compliant? Because their tax avoidance schemes are legitimate and legal, even if they’re not in the spirit of the law. And how much money will we spend on the administration of such a scheme? And how will smaller companies cope with the additional administrative burden? Often schemes that set out to prove or test some kind of standard just become an expensive, complicated affair that many will invest in circumnavigating. I think the best solution to the corporate tax avoidance problem is tighter legislation that closes loopholes.

]]> http://wordsby.me/2009/02/02/corporate-tax-evasion-vs-benefit-fraud/comment-page-1/#comment-73 Alistair McKechnie Tue, 10 Feb 2009 23:25:17 +0000 http://wordsby.me/?p=401#comment-73 Interesting point: how do we know that the products we buy are from ethical companies, when the holding company name is seldom on the packaging? Re the corporate taxation debate, I'm proposing a "TaxTicked" label that tax-compliant companies would be able to put on their packaging, website etc (including newspapers). Then let the market sort out whether they care about the issue enough to reward the "good" and punish the "bad". Interesting point: how do we know that the products we buy are from ethical companies, when the holding company name is seldom on the packaging? Re the corporate taxation debate, I’m proposing a “TaxTicked” label that tax-compliant companies would be able to put on their packaging, website etc (including newspapers). Then let the market sort out whether they care about the issue enough to reward the “good” and punish the “bad”.

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