UK Parliament / Open data

Tax Avoidance

Proceeding contribution from Helen Goodman (Labour) in the House of Commons on Wednesday, 11 February 2015. It occurred during Opposition day on Tax Avoidance.

I will come to that point.

Facebook’s turnover was £200 million, and its tax payment £0.25 million—[Interruption.] Will the hon. Gentleman just wait? What is going on at the moment? One big thing is the division by multilateral companies of different subsidiaries, and a key aspect is the payment of branding through trade marks and licences registered in low-tax domains. We all understand that marketing and advertising are legitimate business interests, and it is completely reasonable to set them against revenues in order to determine profits and decide the tax liability. That, however, is not what is going on, because brands and trade marks are registered in low-tax domains, and licences and royalties are then paid into those low-tax domains to shift money around.

About this proceeding contribution

Reference

592 c873 

Session

2014-15

Chamber / Committee

House of Commons chamber
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