Agreed.

It’s simple. Corporation tax taxes profits. VAT taxes turnover.

If you complain about Google having a large turnover and paying little in tax, increase VAT. Oh dear, the customer will notice.

Increase corporation tax, and the business will move.

Notice that he’s not going after business rates. Taxes before you have even made a transaction.

It still ignores the quesiton, why are you taxing? In the case of Sikka for a professor of accounting he is remarkably ignorant. The issue is false accounting and the state’s books. He would be better off concentrating on that and why 9.2 trillion has been hidden.

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http://www.ons.gov.uk/ons/dcp171766_263808.pdf

Levy (2012) explains that the last official figure for the state pension schemes’ obligations was

produced by the Government Actuary’s Department (GAD), as at 31 March 2005, at £1.347 trillion

In summary, the estimates in the new supplementary table indicate a total Government pension

obligation, at the end of December 2010, of £5.01 trillion

636 bn a year.

Note too, that the Tories have doubled the debts and that includes pensions

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Hence the need to tax more and cut services. It’s going to get worse.

Now for the biggy.

Take Ebay. What can it do? It can just revert to running all its websites in the USA. Then what? Illegal for the UK or EU to cut the pipe or put filters on. Ebay is completely virtual and can be set up anywhere.

For IP and tradeable goods, the left need to wake up, its game over.

They need to to acknowledge that the damage of running Ponzi pensions is vast, and that they are causing massive damage in the efforts to tax their way out. Ask the steel workers who’ve been sacked.

Not on its own it cannot.

This article is simplistic. The US can do what it wants internally. It is all on Governement state. The world is different..

Simplistic junk.