Diverted profits tax

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The Diverted Profits Tax in Great Britain is a tax that has been levied since April 2015. According to the BBC, the name Google Tax has unofficially established itself for this law.

The aim of the tax is to limit international corporations such as Google, Amazon, Apple and Microsoft in their tax avoidance options . Many companies generate their sales in the UK, but divert profits to tax havens . In the future, profits are to be taxed at 25 percent in Great Britain. Most recently, 548 tax agreements between Luxembourg and international corporations became known in the context of the Luxembourg leaks , which open up opportunities for corporations to minimize their taxes.

The Confederation of British Industry lobbied the law and warned against Britain going it alone.

Google paid £ 20m in UK taxes in 2013, while the company had revenues of £ 5.6bn in the same period. The entire group generates a profit margin of 20 percent. Hence, UK profit can be expected to be £ 1.2 billion. With a taxation of 25 percent, 280 million instead of 20 million pounds of taxes would have to be paid. However, the UK government assumes that the new tax could collect a total of £ 360 million in taxes from all corporations.

George Osborne estimates £ 1 billion in taxes to be due over the next five years. However, experts suspect that this is only a fraction of the taxes that would be incurred in the UK without the use of tax loopholes .

literature

  • Florian Oppel: The new diverted profits tax in Great Britain - a unilateral alternative to BEPS or an election campaign-related snap shot? In: Internationales Steuerrecht 2015, pp. 333–341.
  • Dirk Nolte: The new "Diverted Profits Tax" - a unilateral British answer to BEPS. In: Deutsche Steuer-Zeitung 2015, pp. 364–375.

Individual evidence

  1. ↑ http://www.bbc.com/news/business-31942639
  2. ↑ http://www.bbc.com/news/business-32136525
  3. ↑ BBC, Business lobby warning on chancellor's new 'Google tax'
  4. ↑ Reuters, Britain targets multinationals that try to dodge taxes
  5. ↑ Deutsche Welle, Great Britain takes the "Google tax" seriously
  6. ^ The Guardian, What is the 'Google tax'?
  7. ↑ BBC, Business lobby warning on chancellor's new 'Google tax'
  8. ↑ Autumn statement 2014: Osborne to introduce 'Google tax'
  9. ↑ The Guardian, Autumn statement 2014: Osborne to introduce 'Google tax'