Interesting Links for 10-04-2012
Apr. 10th, 2012 12:00 pm![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
andrewducker- Why does the government keep getting the internet wrong?
- Vaccine targets 90% of cancers, with remarkable success
- The rise of Eastercon: the SF/fantasy convention with community spirit
- A stunning example of military precision involving helicopters and inflatable boats
- Text From Dog. This made me laugh a lot. And want a dog.
- Where HBO's hit 'Game of Thrones' was filmed (Largely because Julie's been to bits of it)
Ballintoy Harbour
- In which I agree with Polly Toynbee about total tax transparency
- The Secret Of Happiness
- Conservatives now faking emotion to appear human. How long until they can move undetected among us?
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no subject
Date: 2012-04-10 12:00 pm (UTC)No wonder the high street is in collapse, not only can they not compete with the internet, the internet companies also aren't paying any tax.
Which is to say, yep, apparently not only are the rich avoiding tax, but the companies are too. Be interesting to know exactly who pays how much in this country.
no subject
Date: 2012-04-10 12:17 pm (UTC)http://andrewducker.livejournal.com/2690353.html?nc=7#comments
no subject
Date: 2012-04-10 01:09 pm (UTC)no subject
Date: 2012-04-10 02:01 pm (UTC)I think the argument is that only indivduals pay tax. Organisations, like companies that appear to pay tax are only convenient places to apply a tax.
If you lower the rate of corporation tax you leave more profit to be distributed by the company. This will distributed between customers, suppliers, various groups of employees, lenders and owners depending on their relative bargaining positions.
So, if the UK and Luxembourg had a tit for tat attempt to under cut each other on corporation tax in order to attract Amazon to have its head office in one or the t’other you would expect the corporation tax Amazon pays to fall to zero leaving lots of money to be haggled over by the other stakeholders in Amazon.
How they end up dividing that used-to-be-corporation-tax cake is anyone’s guess? How and which government is gets to tax that additional income is also moot.
Basically, the idea is that if you cut Amazon’s corporation tax to zero you could increase income tax by a corresponding amount leaving Amazon to decide on its European HQ based mainly on operation considerers e.g. which city its MD wanted to live in, rather than tax rates.
no subject
Date: 2012-04-10 02:32 pm (UTC)I'm guessing that whether you permit profits made within the EU to simply be withdrawn to the US is another whole argument for accountants and tax lawyers.
no subject
Date: 2012-04-10 02:52 pm (UTC)In the UK, money is taxed when it changes hands, but with specific reliefs. This definition covers income tax, VAT, sin taxes, stamp duty, and corporate tax (which has a great big relief for "business expenses"). Tighten up on the reliefs available, subject to EU law, but corporate tax should stay and is staying.
no subject
Date: 2012-04-10 03:57 pm (UTC)A point well missed by President Obama when he went after BP, which is about one third owned by US pensioners.
It also doesn’t tell you how able EU citizens who work for Amazon would be to negotiate better pay if Amazon didn’t have to pay EU corporation taxes.
Transfer pricing for tax purposes is an interesting field but not one I have gotten much involved in.
no subject
Date: 2012-04-10 07:35 pm (UTC)no subject
Date: 2012-04-10 07:57 pm (UTC)no subject
Date: 2012-04-10 10:55 pm (UTC)no subject
Date: 2012-04-11 08:16 am (UTC)no subject
Date: 2012-04-11 01:31 pm (UTC)no subject
Date: 2012-04-11 01:35 pm (UTC)... and a significant write of goodwill upon acquisition.
no subject
Date: 2012-04-10 12:40 pm (UTC)Quasi-quote: People party when they drink alcohol. With coffee, they stay sober and plot revolution.
no subject
Date: 2012-04-10 01:46 pm (UTC)(I notice that I am not convinced by lots of things today – I am having a sceptical day.)
no subject
Date: 2012-04-10 02:05 pm (UTC)I've seen a load of interviews where politicians say really stupid things about the internet that indicate that they have heard of the internet, because their aides have mentioned it in passing, but it's something Other People Do.
no subject
Date: 2012-04-10 02:24 pm (UTC)I am now less unconvinced.
no subject
Date: 2012-04-10 02:29 pm (UTC)I would _love_ to see a Myers-Briggs or Big Five personality breakdown on our sitting politicians, because I suspect there would be some fascinating clustering.
no subject
Date: 2012-04-10 02:55 pm (UTC)no subject
Date: 2012-04-10 02:59 pm (UTC)no subject
Date: 2012-04-10 03:22 pm (UTC)I'm not sure what sort of proportion of non-MPs understand the internet as something other than a way of buying stuff, reading the newspapers, and playing farmville (that is - I'm not sure MPs are atypical in this regard, although maybe they play farmville less). I think the extremely IT-literate crowd I hang out with is probably atypical.
no subject
Date: 2012-04-10 03:53 pm (UTC)Someone said something (here I think) about politicians learning to pass the test which resonated with me.
Keep changing the test.
no subject
Date: 2012-04-11 01:05 am (UTC)no subject
Date: 2012-04-10 04:56 pm (UTC)LOL.
"The rise of Eastercon: the SF/fantasy convention with community spirit"
Although I was just reading an article by an acquiantance, lamenting the low level of awareness of any culture or country outside standard western anglophone culture (http://www.alexdallymacfarlane.com/2012/04/eastercon-it-was-fun-but/). I think it's a case of a culture improving a lot, but still having a long way to go towards how it would ideally be, which tends to polarise people into those pleased at how inclusive it is already, and those resentful at how it's comparatively crappy for lots of people.
no subject
Date: 2012-04-10 06:05 pm (UTC)Argh! Daenerys Targaryen.
no subject
Date: 2012-04-10 08:06 pm (UTC)