"All I'm going to say is I find it disturbing that Rolls Royce are reporting their highest sales figures ever."
Because, we don't really need that extra £49milllion in corporation tax receipts, do we? (And that's on top of the £180 million tax paid in the previous year). Oh, and doesn't include tax from VAT on UK sales and income tax from Rolls Royce employees....
And as for unpaid tax from corporations - first, if it was that easy for governments to close tax loopholes, don't you think they would do it? I believe the UK has the longest tax code in the world (but am prepared to be corrected on that one) and that complexity explains, at least in part, why there is so much tax avoidance and why it is hard to clamp down on it. (Also, no accountant worth his salt would fail to point out ways in which a company could - legally - minimise its tax liability. That's part of his/her job).
Second, I posted about this on another thread but, basically, the higher corporation tax, the more incentivised companies are to find ways to avoid it - perhaps through restructuring so many of the profits are diverted overseas to tax havens like Switzerland and the Channel Isles, perhaps by relocating physically, or perhaps by choosing to invest elewhere in the first place.
Third, the last government had 13 years to address tax avoidance issues. What did they do about it? Or is it just easier and more comfortable to blame to "evil Tories"?