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 Corporation Tax 2023-2024

New York State Offer in Compromise 2023-2024 Form

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who businesses pay tax to is a complicated matter these companies have tentacles spreading all over the world but many of them have chosen to have their headquarters in Ireland because the corporation tax there is much lower than lots of other countries the tax you pay on profits in the Republic of Ireland is 12 a 12% that compares to 20% in the UK these companies turn over billions and billions especially over a few years so 7 and 1 12% times a big number is a is a large amount of tax so that's why companies we've heard of like Google Amazon Starbucks have really planned this into their structures to take advantage so how have they been allowed to do this well let me explain with an example let's say I have my own Biscuit Company and I have a turnover in the UK of5 million a year in other words I've sold 15 million P worth of biscuits to the people in this country the fact I've sold my biscuits over the Internet means I can choose where my home country is so I've opted for Ireland tha

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