Feeds

Net loophole to slash corporate tax receipts

Register your e-commerce business outside the UK and cut your tax bill, claim consultants

  • alert
  • submit to reddit

Beginner's guide to SSL certificates

Corporate tax avoidance is set to increase as more and more companies get hooked online. And as government coffers run empty it will be ordinary consumers who'll have to pick up the tab. That's just one of the conclusions published by an esteemed group of companies and consultants that warns that the Net could provide a legal loophole for companies to avoid paying tax. A report in The Guardian newspaper suggests that major e-commerce companies could simply register themselves in those countries that have more "liberal tax laws" to avoid paying higher taxes, warns Andersen Consulting, Ernst & Young, IBM, KPMG et al. And if governments can't get hold of a company to tax it -- or successfully assess what transactions have happened when -- then their only choice is to hit the consumer instead, the report warns. ®

Providing a secure and efficient Helpdesk

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
DOUBLE BONK: Testy fanbois catch Apple Pay picking pockets
Users wail as tapcash transactions are duplicated
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Google Glassholes are UNDATEABLE – HP exec
You need an emotional connection, says touchy-feely MD... We can do that
YARR! Pirates walk the plank: DMCA magnets sink in Google results
Spaffing copyrighted stuff over the web? No search ranking for you
prev story

Whitepapers

Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
New hybrid storage solutions
Tackling data challenges through emerging hybrid storage solutions that enable optimum database performance whilst managing costs and increasingly large data stores.