Thought Id start this one going because its rather dead on this board at the moment and I suppose all my usual muckers are either at the Stella tennis event watching Dim Tim (lose again) or at Henly Regatta eating cucumber sandwiches (they wish,...NOT).

Anyway please feel free to just talk to yourself blast away and let it go on any company or subject you wish. Just wish Id thought of this one before.

cheers GF.

over 100 tory MPs to lose their seats they are in panic

Fred I thought John Major was rather brave to come out with the idea of a windfall tax on the energy companys....hats off to him.

Cant think it will have done much for his relationship with fat Dave though.

Eurobonds scandal: The high street giants avoiding millions in tax

In the third part of our investigation into the biggest corporations in Britain, we turn to the stores that dominate our town centres


Richard Whittell , Emily Dugan

Wednesday 23 October 2013





Many of Britain's best-known high street chains are avoiding millions of pounds in tax through the controversial Eurobonds scheme.


Food chains including Nando's, Pizza Express, Café Rouge, Strada and Pret A Manger have cut their taxable profits by borrowing from their owners through the Channel Islands Stock Exchange. High street retailers doing the same include BHS, the electronics retailer Maplin, Office and Pets At Home. The revelations form the third part of an investigation by Corporate Watch and The Independent into major UK companies using the quoted Eurobond exemption, a regulatory loophole the Government knows about but has decided not to close.


More: http://www.independent.co.uk/news/uk/politics/eurobonds-scandal-the-high-street-giants-avoiding-millions-in-tax-8897591.html

yet again - avoiding millions of pounds in tax NOT evading, so what's the gripe?

It's not a gripe, it's about Employers who "can pay" "not paying" their fair share... Also social scroungers like Ashcroft.

The revenue could effectively close it at a stroke. They have always had the power to treat arrangements as artificial and just intended to avoid tax and therefore be ignored. They do it all the time with the average person. They don't do it to corporations because they will resort to litigation and tie up the revenue in court for years.

not sure where individuals come into this and employers = companies are fully entitled to AVOID tax, as indeed are individuals

as has been said on many occasions, "If you want to change Avoid into Evade, then change the law" but beware what you wish for as there would likely be some (very) nasty consequences

would you like me to elucidate by illustrating the effects of Withholding Tax as a good parallel?

Where does litigation come into it?

The companies will say that they behaved legally and will go to court to prove it. It has happened many times before. Any revenue decision is subject to appeal through the courts.

exactly so, and HMRC would just lose millions in costs if they were stupid enough to pursue

ok, change the tax law to prevent money being floated out of the UK economy.

ie, if you make your money here, you pay tax here....no excuses!

lets just face the facts it theft the gov can change the law to make ever one pay tax if selling products in the uk to uk residents fact . but most of our MPs are all at and they backers and family the only people who can not do it is the workers on PAYE
they have no choice

the MPs of the last 20 have been CROOKS LIARS AND FILLING THEIR OWN POCKETS AND DO NOT GIVE A TOSS as for more people being in work is a total lie
over 6 m on 16 hours aweek that is not a job cheap labour for the companys and the tax payer makes up the wages .


vote UKIP AND CHANGE THE UK

GRANGEMOUTH . NOT A WORD FROM SALMOND ?

MK

YES! YES! YES!

Change the TAX LAWS.

IF YOU MAKE MONEY IN UK, THEN PAY APPROPRIATE TAXES.

DON'T NICK THE SPOILS AND SCARPER.

IF THE COMPANIES DON'T LIKE IT LET THEM GO TO THE CAYMAN ISLES and PRODUCE "THEIR" WEALTH.

Let all those who do NOT have an ISA cast the first stone.....

Let all those who have a stone waz it at George Osbourne as he promised a tightening up on corporate tax avoidance but it hasnt happend,in fact its more rife now than ever.

TANKER........you cant have it both ways you know.

Yesterday you were whinging about unemployed people, today your whinging about people being on 16 hours per week and saying they are subsidised.

You seem confused to me.

So you want these 6 million to join them on the dole??????

Hays Hays Hays......labour increasing their lead in your favourite poll......

electionista‏@electionista7h
UK - YouGov/Sun poll: CON 32%, LAB 40%, LDEM 10%, UKIP 13%


Looks like this time a direct move from conservative to labour.

Thats the first time this parliament. VERY SIGNIFICANT.

55,

Change the rules.

I would accept it.

Also, I think Trusts, Trust Funds. Pensions and the whole taxation system should be examined and reviewed in an attempt to make is clearer, if not simpler.

Appreciate that it is already done, but there could be a time limit set of say 2-3 years.

As the cynic points out tax avoidance if probably a bigger problem than tax evasion.

The CON party doesn't know which to do.

Dig up Maggie, or bring back John Major.


Shouldn't mock the party of failed PR men and girls.

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Forgot, Theresa is still limbering up and after to-day's Cameron's showing in PM questions she won't have long to wait.

Forgot about Ken.



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Another nightmare for Manuel.

I have this image of him being whipped by Theresa wearing riding gear.