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BizTaxBuzz: Tax Vigilantes Hound U.K. Corporations

December 6, 2010

by John Cummings

in

Though one stunt involved dressing up as large green beer bottles, anti-corporate protesters are no joke. They’ve brought one group of more than 30 retail operations to a screaming halt.

Tax Vigilantes Hound UK Corporations — with Beer Bottles, of Course | Source: The Big Fat Finance Blog.

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Average: 10 (1 vote)

The underlying logic is that

On January 3rd, 2012 java programmer (not verified) said:

The underlying logic is that no country defaults on its domestic bonds if it retains the right to set the printing presses in motion. Yet it seems counter-intuitive that bond markets, with their traditional fear of inflation, should punish a country for not being able to debase its currency.

Agressive Tax Planning is Not Illegal

On December 6th, 2010 Interim CFO (not verified) said:

Aggressive tax planning is simply a smart and savvy business decision and what business doesn't want to increase their bottom line? As long as a corporation's tax strategy is legal and doesn't violate any laws or federal regulations then I don't think it should be an issue. There is a big difference between making intelligent financial decisions versus blatant non-compliance.

In the case of SABMiller, they simply have the know-how and the money to afford tax lawyers to help them minimize taxes; it might rub some people the wrong way but it's not illegal, it's just big business.