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foreign owned companies and tax
Former Member
Posts: 1,876,323 The Mix Honorary Guru
so if a comapny is not owned by a UK owner such as for example the power company EDF (and sadly most other companies that trade in britain) are they liable to pay tax in the uk ? I'm just wondering as all we seem to do is sell UK companies to foreign investors and then where does the tax go ? to the UK or to their own government ?
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I might be wrong but if you set up your business heaquaters in the channel islands you pay less tax.
A few. Such as where your headquaters are, where you wright any losses off to (Merry Lynch, US owned company wrote off billions as ligitimate UK trading losses and cost the treasury millions) etc