The revenue drain - why chasing wily multinationals for more tax is a waste of time International corporations pay tax; in fact they pay lots of it. But it is they and their sophisticated professional advisers, not governments, that decide where and how much they contribute to sovereign coffers. It's an unpleasant fact of business life and a seriously inconvenient one right now for politicians grappling with deficit reduction in double and even triple-dip recessionary economies like the UK. A number of high-profile US corporations have recently been pushed, bristling with defensive outrage and self-justification, into the spotlight of UK public opinion. They have even being forced to participate in the self-abasing blood sport of parliamentary select committee hearings. But here's the thing: far from being the tax avoiders the media would brand them as, they pay well over the British norm. The average tax burden suffered by these multinational giants is above the notional top rate of UK corporation tax for 2013-14 of 23%. But why are we worrying about it at all?
Multinational Corporation (MNC) Definition DEFINITION of 'Multinational Corporation - MNC' A corporation that has its facilities and other assets in at least one country other than its home country. Such companies have offices and/or factories in different countries and usually have a centralized head office where they co-ordinate global management. Sometimes referred to as a "transnational corporation". INVESTOPEDIA EXPLAINS 'Multinational Corporation - MNC' Nearly all major multinationals are either American, Japanese or Western European, such as Nike, Coca-Cola, Wal-Mart, AOL, Toshiba, Honda and BMW. Refine Your Financial Vocabulary Gain the Financial Knowledge You Need to Succeed. Ikea, à l'assaut du bonheur En Chine, en Israël, en Russie, rencontre avec des clients remarquables (et contents) de la multinationale suédoise. Extrait vidéo Le film À Pékin, ce jeune couple de « créatifs » dans la pub vient d’acheter son premier studio dans un immeuble neuf de la banlieue, et passe avec bonheur beaucoup de son temps libre à en peaufiner la décoration. Près d’Haïfa, une famille nombreuse emménage dans un kibboutz à l’extérieur de la ville, avec l’espoir de se construire une nouvelle vie, plus communautaire. ====IKEA, À L'ASSAUT DU BONHEUR - À quoi rêvent les classes moyennes ?