Guest 745- Registered: 27 Mar 2012
- Posts: 3,370
Guest 696- Registered: 31 Mar 2010
- Posts: 8,115
From the link:
"Water companies in England and Wales have avoided paying millions in tax by loading up with debt to offset profits, according to research.
Six water companies have avoided paying millions in tax by routing profits through tax havens and using a legal loophole which the government recently chose not to close, according to research by Corporate Watch"
What's your view, Barry?
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
Alexander - #20
You clearly must be far too young to remember the old state owned industries.
They made massive losses and were heavily subsidised, a massive drain on the taxpayers. Privatisation was the best thing ever to be done to these industries.
Councils could not even make money selling beer back in those days.
If a businesses are run by the State they are guaranteed to lose money. It is not just a matter of management competency, it is also about capital risk and if there is no risk of a business failing, as is the case with nationalised concerns, then there is no imperative to keep costs under control, manage cashflow and generate profit.
#22 Alex - my view, good - they should be running their businesses properly and not paying unnecessary tax. As customers and as shareholders (directly or indirectly through pensions etc) we all benefit from that.
The government could change that with tax reform to bring in low, flat and simple tax rules.
Guest 745- Registered: 27 Mar 2012
- Posts: 3,370
6 million in fuel poverty 9 million in 2 years time
Massive public bailout coming to prevent blackouts
Barry ,Just imagine the resentment building in the public sitting in there homes with the heating off , all directed at your party
the conservative party will get the blame for it all,
20 years from now the conservative party will be smaller than the liberal party.
This public theft will come back on you all ,I predict within 20 years power gas water rail, Will all be back under public ownership.
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
So called public ownership is exactly how to lock more people into fuel poverty, it holds no salvation. You are chasing an out of date mirage of some place that never really existed.