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Tax Is Facing Globalization Challenge.

2014/3/14 19:49:00 10

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One of the issues that governments are increasingly concerned about is that many "a href=" //m.pmae.cn/news/index_c.asp "spannational corporations" /a "can decide how much tax is to be paid and where to pay taxes." P For example, Google was censored in the UK. The company's revenues in the UK from 2006 to 2011 reached $18 billion, but the company's income tax was only $16 million over the same period. 
 the media in various countries are very interested in it and have reported a lot about how to pay the least tax while obtaining a large amount of revenue or profits. However, inflammatory headlines and simplified reports may confuse and distort complex problems. If the tax expenditure of an enterprise is too high, its cost must be spanferred or compensated in some way, such as reducing the wages of employees, reducing shareholder returns and increasing the cost of customers. 
 in fact, the general trend of government policies is to reduce the corporate income tax rate (the United States is a notable exception). Britain, for example, plans to reduce its tax rate to 20% by 2015. Government incentives for specific business practices also push down corporate income tax. Similarly, in the UK, there are plenty of incentives to encourage investment and R & D, among which the new patent scheme reduces the corporate income tax to only 10%. 
Another thing that is often overlooked is that enterprises need to pay a variety of < a href= "//m.pmae.cn/news/index_c.asp" > taxes < /a > - the tax rates of many taxes are rising in P. Britain's current value-added tax is 20%, which was two times that of the tax when it was first implemented in 1973, and the highest rate of stamp duty has increased by several times. PWC recently conducted a survey of total tax expenditure on large British companies. The results show that the Hundred Group tax increased by 19% between 2005 and 2012 (as shown below). In its analysis, PWC stressed that the contribution of big British enterprises to society has expanded to areas beyond taxation. They provide employment opportunities, invest large amounts of capital, and support R & D. 
 however, the emergence of global enterprises poses a great challenge to the tax administration system based on country. 
Companies with complex global supply chains (P) are beginning to get involved in lengthy discussions with countries and regions to avoid the risk of double taxation. Although there is a tax agreement on this issue, it is not foolproof. The tax authorities are increasingly concerned about the risk of double taxation. They ask whether enterprises are spanferring their revenues from high tax rates to low tax rates by manipulating the internal organizational structure and spanfer pricing agreements. 
 another challenge comes from digital commerce. If business activities depend on the physical existence of enterprises, the taxable profit is very clear. Now, the location of the business and the location of its income may be far apart. Customers in continental Europe may pay a service charge to an Irish based company whose IT server is far away from India. Even if a warehouse is located in Germany, it does not necessarily constitute a permanent facility under the standard tax agreement. 
 by resident confirmation, < a href= "//m.pmae.cn/news/index_c.asp" > tax < /a > is one of the six major areas of pressure identified by the organization for economic cooperation and development (OECD) in response to tax base erosion and profit spanfer in February 2013. Other areas of pressure include: the mismatch between the characteristics of corporate entities and trading tools, group financing, spanfer pricing, the effectiveness of anti avoidance rules and the existence of tax ex gratia. 
The P G20 finance minister is eager to develop a comprehensive and coordinated strategy to tackle these problems and avoid erosion of the tax base. It is certainly necessary to redesign the elements of corporate income tax. However, progress is likely to be hampered by the US's insistence on the high tax rate and deferred system of corporate income tax, which only taxes foreign profits repatriated. 
In addition, the governments of the developed world may not like the result of the "optimization" system. P Raising equity does not necessarily lead to the spanfer of capital among developed western countries, but also likely to inflow taxes into Brazil, India and China. 
 it is time to look at the taxation of global enterprises from a new perspective, but policymakers must be very careful. Traditional concepts, such as the principle of fair and independent accounting, are still valuable. Double taxation agreements may not need comprehensive revision. And there is no quick way to make the tax payment of the global enterprises Fair in both the real and the surface.