Even the Guardianista

…Realise that Richard Murphy is an ignorant twat. He writes ignorant bollocks complaining about Facebook paying a pittance in corporation tax.

Years after the first corporate tax abuse scandals emerged, Facebook is the latest company to cause offence. In 2014 it apparently paid £4,327 of corporation tax when its UK turnover was more than £104m. Like most people, I am shocked by this, but not for the obvious reason that this sum is apparently so small. I am annoyed that we just cannot know if this figure is appropriate or not.

The simple answer is “yes” for they are complying with the law. That is all we need to know. If they are avoiding tax, then  this is only right and proper. However, it is likely that they are not, for a significant proportion of their profit has been shared with employees, so, in fact, the tax take is higher than had they left it in profits to be taxed at 21% corporation tax.

Below the line, Murphy is being monstered by in a manner that he does not allow on his own blog.

You pointed out the cause. Losses are rolled over.

You’ve missed capital investment off. They are making a lot.

You’ve pointed out but dismissed they have passed on profits as options to their workers. How socialist is that?

Where’s the number for the VAT? The number based on turnover? Mentioned but not quantified. Easy to see from the accounts, its turn over x 20%

Crap article.

And:

What’s also missing, is that his entire aim in life is making other people poorer.

Austerity for the public by taking their income. Champagne for the few in the state.

That said, the believers are out in force as well…

4 Comments

  1. I find it quite encouraging that the left embrace someone so devoid of economic acumen as their tax God. Ignorance like that can’t fail to be noticed in the long run, I’d be more scared if they had a financial genius in their ranks, but they obviously don’t if Murphy is lauded like he is.

  2. It never seems to dawn on these numpties that if Amazon, Costa-lot-for-Coffee etc. pay their ‘fair share’ of tax that they might just pass those costs onto the customer as higher prices.

    But then that IS probably the plan. The state takes all our money then gives us vouchers to spend on approved high-price services.

  3. No ‘might just’ about it, JimS. Companies do pass on increases in tax to their customers. What else can they do? All Greek to Mr. Murphy, I fear.

  4. Dear Mr Longrider

    I agree: it’s time all tax abuse ceased. It’s time our government stopped taxing us at scandalous levels.

    Is that what Mr Murphy means?

    DP

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