At the end of the day Microsoft will be paying money into the Treasury. Their revenue stream is not isolated to the UK so that money will in effect be coming from abroad resulting in a net lowering of the UK's tax burden. In a perfect world that should mean lower taxes for us, in the real world however that translates into more money for the government to waste.
Mark Bestford
Posted on 28 Nov 2006 12:07 pm
At the end of the day Microsoft will be paying money into the Treasury. Their revenue stream is not isolated to the UK so that money will in effect be coming from abroad resulting in a net lowering of the UK's tax burden. In a perfect world that should mean lower taxes for us, in the real world however that translates into more money for the government to waste.