1. The MORALITY tax avoidanceof

2. Why this topic? Because its a widespread phenomenon, mostly among the large companies, thereby affecting the quality of public servicies and sometimes also the economical security of the states! 3. How it works? TAXAVOIDANCE The 4. Video 1 5. Not that hard! No? Legal, but not so moral! 6. Why immoral? Because they use all the public services without paying the the price for it, as we do. education health system security well trained labor force infrastructure 7. But why should be moral to pay taxes for this? 8. Taxes are the price we pay for a civilised society Oliver Wendell Holmes Famous American Jurist 9. If you dont want to pay for it Feel free to do business here 10. The big 4 and not only them! Who makes this possibile? 11. They hidden this practice under the name TAX PLANNING 12. They call this TAX PLANNING sometimes it is TAX AVOIDANCE but 13. Anyway, don't get confused Tax planning Tax avoidance =Even if sometimes tax planning can be a cover for tax avoidance 14. is bending the rules of the tax system to gain a tax advantage that Parliament never intended. Tax avoidance involves using tax reliefs for the purpose for which they were intended. Tax planning 15. Zoom IN 16. United Kindom Case Study 17. UK citizen What this companies have in common? 18. A huge Tax Avoidance Practice 19. Standard Corporation Tax 24% UKs For instance 20. They really pay it? Lets find out! 21. Video 2 22. Revision Year: 2011 Uk Turnover Profit before tax Tax paid Tax as % of turnover 23. A look deeper Les have 24. Case Study Starbucks 25. United Kindom First opening: 1998 Stores: 735 Sales*: 3bn *reported (Total Sales until year 2012) Tax paid: 8.6m Tax as % of sales: 0.3 26. United Kindom In the last 5 years*, Starbucks paid in UK 0corporation tax *from 2007 to 2012 27. They report losses in UK, all financial reports to HM Revenue & Customs being this way US executives of the Seattle company claimed in telephone calls with investors, transcripts of which have been seen by the The Guardian, that the UK business was profitable while 28. The contradictions highlight legal tax-avoidance tactics used by multinational companies by loading UK subsidiaries with debts from other parts of the business based in countries with lower tax thresholds 29. Admission of immoral practice? After 5 years of not paying any corporation tax, Starbucks finally woke up! In 2013 they paid 10m, promising to pay another 10m in 2014. 30. is this moralim 31. You are RIGHT is a Culturally Conditioned Response Morality So, whatever you say 32. By the way, Do you know the last app released by Apple? 33. Bibliography Photo credits 34. Alexandru Mengheri Thank you by