"If a countries transfer pricing rules say you must pay "market" to buy your product (or pay a royalty) to your overseas company, and you falsely misrepresent that you are paying "market" then that is illegal (and immoral). "
The word 'if' is important. However, I am sure Starbucks are not misrepresenting that royalty. The wil be paying whatever they declare they are paying.
If the Jimmy Carr loan is not a legally effective loan and he knows it, then that too is illegal and immoral.
Again 'if'. The Loan was no doubt effective in the country it is signed. Of that loan says he will pay 0% interest and £1 back a year then That fine.
We have to be careful about what is illegal and what is happening.
There is not much difference between the way they move money and account for things, than what some small businesses and some self employed people do. Trying to claim what they can as legitimate expenses, and maybe stretching that to the limit. They may be able to claim a meal an expensive meal as a business expense, despite the fact it was with the wife. if you clamped down on this, you would get back more than £10m a year from a coffee company. But that would be to horrible on the small business trying to earn ' an honest living'
If any of what is reported was illegal there would be legal action called for by all the papers. Anything to take away from Leveson! You would also have CEO up for perjury as they would have been lying in parliament .
Sinnick. The issue with tax havens is what another countries tax rates are are not anyone else's problem.
If a country told the uk not allow companies operate because of benefits of being in the uk because that country loses out, the public wouldn't say 'ok that's fair enough, so why should the tax havens?