MTN threatening SA: report

[alqassam]

You do realise major corporations in the us structure their tax complrtely. End up paying 1% effective tax rate. Farmers etc in sa do the same

 

[acidrain]

How is it it any different from individuals exploiting every loophole to reduce their tax? If it's legal then it's a problem with the system not the company.

To those who disagree, if you happened to find a legal loophole that would effectively make you pay zero income tax would you use it or be an upstanding citizen and ignore it.

 

[Arthur]

or be an [-]upstanding[/-] gov-loving citizen and [-]ignore it[/-] pay more tax than the law requires.

FTFY

 

[acidrain]

FTFY

Nice

 

[supersunbird]

How is it it any different from individuals exploiting every loophole to reduce their tax? If it's legal then it's a problem with the system not the company.

To those who disagree, if you happened to find a legal loophole that would effectively make you pay zero income tax would you use it or be an upstanding citizen and ignore it.

The problem is them moaning and threatening about the closure of the loophole.

MTN contract not being renewed next month, sorry MTN, my blackmail will be active before yours...

 

[Arthur]

Loophole? That's a very loaded word.

 

[supersunbird]

They are doing something wrong, not legally wrong, but still wrong.

The government also doing wrong by allowing loopholes.

 

[acidrain]

The problem is them moaning and threatening about the closure of the loophole.

I suppose it would depend on the loophole, if it is in fact a loophole at all. It could just be a globally accepted thing that government is wanting to stop just to get more money, which I would then definitely moan about if I was them.

I've never read up on business tax and all that comes along with it but there is more to this than meets the eye. No large business will threaten to leave unless their rights/freedom is being restricted for the sake of money.

I could be wrong but I've come to not fully trust online articles.

 

[noxibox]

Base Erosion and Profit Shifting is being addressed world wide. Soon there will be nowhere left to hide.

It's long overdue too.

 

[marine1]

Like i Said , MAFIA

 

[marine1]

Imagine how many calls have been listened to illegally?

 

[Nokkie]

Imagine how many calls have been listened to illegally?

Hundreds of thouzrdsaz.

Sorry referring to Zuma's can't count thread

 

[ponder]

As much as I may think the government misuses or inefficiently uses tax revenue, I have no sympathy for companies that shop around for the lowest tax rates while generating large portions of their revenue from the country involved.

Any sane person would do the same, why pay more than you have to?

 

[marine1]

Hundreds of thouzrdsaz.

Sorry referring to Zuma's can't count thread

 

[km2]

Any sane person would do the same, why pay more than you have to?

Where does that line of thinking end? Is everything fair game if you can get away with it?

I think that loopholes which disproportionately benefit large companies (by requiring a fleet of lawyers and accountants to pull off) should be closed, since ultimately the SA government will get the revenue it demands and if the corporate tax base shrinks, it'll pull it from smaller companies and individuals.

I also have no problem with new laws being implemented that ensure that companies that receive a large portion of their revenue within a country pay tax on that revenue irrespective of where they are technically headquartered.

 

[bekdik]

This will be interesting vs Ramaphosa involvement and for OTHER large companies too as I suspect there is a lot of tax avoidance

Avoiding the unneccssary payment of tax is part of a corporate's obligations to its shareholders. Evasion of tax is illegal.

 

[icyrus]

Avoiding the unneccssary payment of tax is part of a corporate's obligations to its shareholders. Evasion of tax is illegal.

The Dumbest Idea In The World: Maximizing Shareholder Value

 

[FNfal]

Business is business and companies are in business to make a profit period .
Business are not running a charitable organisation for the country or employees .
In business money talks BS walks .
The sooner this government and the people realize this the better .

 

[Maghiyose]

Leave !!!

 

[km2]

Avoiding the unneccssary payment of tax is part of a corporate's obligations to its shareholders. Evasion of tax is illegal.

Business is business and companies are in business to make a profit period .
Business are not running a charitable organisation for the country or employees .
In business money talks BS walks .
The sooner this government and the people realize this the better .

Is that really true? Does a company operate with zero ethical expectations except for what they can get away with and the aim of maximising the ROI for shareholders?

If a company can avoid giving raises to their employees, is it not merely good business sense, but actually an obligation of management to their shareholders to do so?

If they can save 20% by firing most of their local employees and moving the jobs to another country, is it more than just a dick move by the company, but rather the moral responsibility of management to their shareholders?

If the United Fruit Company would stand to lose a large amount of money by acquiescing to striking worker demands, but instead can legally persuade the country they're operating in to break the strike by killing a few hundred workers, is that all fair game because they've legally maximised shareholder value? Just good business sense?

Did people who watch RoboCop walk away with the wrong message? Is Omni Consumer Products actually the misunderstood sympathetic company that was merely trying to maximise their return from their investment in Old Detroit?