The snail farm don: is this the most brazen tax avoidance scheme of all time?
Terry Ball – renowned shoe salesman, friend to former mafiosi – has resolved to spend his last years finding ways to cheat authorities he feels have cheated him.
His greatest ruse? A tax-dodging snail empire.
Good day to all this #GreenFriday aka #BuyNothingDay!
Looking forward to doing what I do most days and not buying anything unnecessarily. 😊
Anyone still falling in to the #BlackFriday trap remember that 98% of Black Friday 'offers' are no cheaper than they are normally. 🚨
What's more, if you bought from Amazon last year you helped them to suck out £575 million from the UK economy in lost taxes from their #TaxAvoidance. 🤯
Coulda paid for 23,504 nurses! 🏥
Or 14,808 doctors. 👩⚕️
Or 17,012 teachers. 👨🏫
Or 2 million winter fuel payments. 💷
Or half a million weeks of adult residential nursing care. 🛌
Or 3256 new social homes. 🏡
More info: https://ethicalrevolution.co.uk/amazon-black-friday-corporation-tax-avoidance/
Amazon Black Friday Corporation Tax Avoidance
Ethical Consumer Research Association (ECRA) have calculated that Amazon’s systematic corporation tax avoidance in 2024 could have cost UK citizens around £575 million in lost taxes.
🏥 Measured in nurses that’s 23,504 starting salaries that could have been paid for in the year.
👩⚕️ Measured in doctors that’s 14,808 lost doctors in the NHS.
👨🏫 Measured in teachers that’s 17,012 extra teachers we could have had.
Other measurements show the money lost via Amazon’s tax avoidance in 2024 could have paid for 2 million winter fuel payments, or nearly half a million weeks of adult residential nursing care, or 3256 new social homes.
Not only do we have to endure the direct negative impact on our public services due to Amazon’s behaviour, but they’re also pushing out other UK retailers who were paying their fair share of tax, losing even more there.
Yeah, but BLACK FRIDAY!
I know what you’re saying: You love the idea of Black Friday. It’s a chance to save some money when finances are squeezed and who doesn’t love a bargain? … but Which found that Black Friday deals are not always be as good as they seem, with 98% of discounts advertised on Black Friday being available for the same price or cheaper in the six months following the sales.
For more info on how to shop without using Amazon check out Ethical Consumer’s guide.
And remember that when buying books I’ve got you covered!
Read more about Amazon’s substantial tax avoidance in the UK at Ethical Consumer.
…and join the cause by boycotting Black Friday and Cyber Monday.
#amazon #blackFriday #boycottAmazon #cybermonday #taxavoidance
Romanoff said such a move “could generate meaningful revenue while being €framed as a #correction rather than a #raid”. #tax #bank #banks #cityoflondon #taxavoidance https://www.cityam.com/budget-whiplash-how-bank-shares-were-hit-by-the-treasurys-hokey-cokey-leaking/
How to Dodge Taxes
In Fall 2024, I wrote a six-part series about how rich people can reduce their tax bill.
This is the first part of that series:
https://www.tiereddemocraticgovernance.org/blog_details.php?blog_cat_id=19&id=429
Bizarre story, an elaborate mollusc based tax avoidance scheme! https://www.londoncentric.media/p/terry-ball-the-snail-farmer-his-mafia
#molluscs #snails/ #taxavoidance
@rbreich
Wow. In proper money that's 1.23 of these per second.
#yikes #tax #TaxAvoidance #money
@sbszine @fesshole
Am I correct to understand:
- the supermarket has already donated to charity using money they would otherwise have had to pay in tax
- they now ask the customer to "round up for charity" so the supermarket is reimbursed for this donation?
This would make a lot of sense; I never understood ?which feedback loops drove their endorsement of such an action. I would love to know about any technical articles (I.E.: without hyperbole) that clearly describe the mechanism driving this trend.
#supermarkets #shopping #charity #tax #taxAvoidance #darkPatterns #cybernetics #taxLaw #economics #groceries
Did you know some of the world's biggest companies are legally dodging taxes by reincorporating overseas? This is #CorporateInversion - where firms like Pfizer and Medtronic move HQs to low-tax nations (Ireland, UK) while keeping US operations. The result? Huge tax savings that boost growth or shareholder returns. But is this fair? The debate over #CorporateResponsibility and #TaxReform rages on. What's your take? #BusinessStrategy #TaxAvoidance #EconomicPolicy #GlobalBusiness (1/1)
Paul Krugman debunks myths about Trump-era tariffs, revealing they didn’t trigger runaway inflation or recession as feared. Instead, tariffs raised consumer prices modestly due to corporate markups, loopholes, and tax avoidance. He coins “leprechaun economics” to explain data distortions and warns that hidden costs may rise as firms adjust. Read more: https://paulkrugman.substack.com/p/leprechauns-effective-tariffs-and #PaulKrugman #tariffs #tradepolicy #economics #inflation #uncertainty #taxavoidance
Tax Shell Game
A 1980s technique to move money around the world and not pay taxes.
https://tiereddemocraticgovernance.org/blog_details.php?blog_cat_id=19&id=17
Implementing New Tax Laws
This six-part series describes how the wealthy use current tax laws to legally not pay taxes.
https://tiereddemocraticgovernance.org/blog_details.php?blog_cat_id=19&id=444
In essence, the wealthy will find ways around whatever new laws we concoct.
#tiereddemocraticgovernance
#tax #taxlaw #corporation #taxevasion #taxavoidance
And the fact that this #TaxAvoidance #tactic is still legal where they literally burn their OWN CONTENT to avoid paying #Restitutions and #writeoff #losses and thus steal #Taxes owed is the biggest problem.
And #ContentImpairment needs to be punished like arson and #AccountingFraud!
Good to see the national papers offering advice on how people rich enough to just up sticks and leave the country can continue to avoid tax even after they so patriotically jump ship. (MASSIVE dose or sarcasm, just for the avoidance of any doubt…)
Arseholes. How is this legal or responsible reporting? #TaxAvoidance #TaxTheRich
. 💸 Some countries, like the U.S., have tightened rules—but inversions persist as a key financial tactic. #CorporateTax #BusinessStrategy #EconomicPolicy #TaxAvoidance #GlobalBusiness #FinancialTactics (2/2)
. What do you think - smart finance or unfair advantage? #CorporateTax #BusinessStrategy #EconomicPolicy #TaxAvoidance #GlobalBusiness #CorporateFinance (2/2)
Did you know some of the world's biggest companies are legally dodging taxes through 'corporate inversions'? 💸 This clever strategy involves reincorporating in low-tax countries like Ireland or the UK. Giants like Pfizer and Burger King have done it by merging with foreign firms or relocating HQs. The result? Massive tax savings - but at what cost to national economies? 🤔 #TaxLoopholes #CorporateStrategy #BusinessNews #TaxAvoidance #GlobalEconomy #EconomicPolicy (1/1)
It’s a wild example of how global business and tax laws collide—showing just how far corporations go to optimize profits. Thoughts? 🤔
#CorporateTax #BusinessStrategy #EconomicPolicy #TaxAvoidance #GlobalBusiness #FinancialTrends (2/2)
. A fascinating (and controversial) strategy! #CorporateTax #BusinessStrategy #EconomicImpact #TaxAvoidance #GlobalBusiness #FinancialTrends (2/2)
