Keith Sansum1
- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
thats good move
they need to be sorted
they prey on less fortunates
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Guest 710- Registered: 28 Feb 2011
- Posts: 6,950
It may be readily assumed that enquiring of Wonga and their ilk as to why they set their APR so high would be a waste of time and effort, but if there are some 'friendly' "non-profit groups" about:would there be any point in asking them why they charge 26% APR?
Also, there is no getting away from the fact that a short-term loan from these 'sharks' is still cheaper than an unauthorised overdraft occurring on your ordinary bank account.
Ignorance is bliss, bliss is happiness, I am happy...to draw your attention to the possible connectivity in the foregoing.
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
which is why should look at the church method
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Guest 716- Registered: 9 Jun 2011
- Posts: 4,010
The biggest company you've never heard of: Lifting the lid on Peel Group - the property firm owned by a reclusive tax exile
The low-profile company controlled by a billionaire tax exile
When the BBC announced in 2007 that it was to move five major departments and 1,500 London-based jobs up to Salford, Manchester, one of the reasons it cited was a commitment to "distribute production spend... more widely across the whole of the UK".
Its new £200m, five-storey home - MediaCityUK - on the banks of the famous Salford Quays would be a shining beacon of regeneration that the then-Labour government was trying to encourage in less-affluent regions beyond London and the South-east.
However, the company that rents the 200-acre waterfront site to the BBC is, in fact, one tiny cog in a giant network of companies ultimately controlled by a billionaire tax exile who lives on the Isle of Man.
Over the next 20 years, the BBC is due to spend hundreds of millions of pounds in licence-fee payers' money to the Peel Group, one of the largest private-owned property companies in the UK.
At the apex of its complex corporate structures sits John Whittaker, a fearsome dealmaker whose aggressive business strategies have seen the firm colonise huge swathes of the North.
There are hundreds of subsidiary Peel companies registered in the UK, all ultimately owned by a private family trust, the Billown Trust, registered in the Isle of Man.
Almost three-quarters of this entity is owned by John Whittaker, 71, and his children, with the remaining stake taken by the Saudi Olayan Group.
The tycoon is a director of an astonishing 312 companies, according to Companies House. Almost all are Peel Group subsidiaries, which include interests in Liverpool, Durham and Doncaster airports, the Manchester Ship Canal, Scottish ports, and docks along the banks of the River Mersey.
The jewel in the Peel crown was, until 2011, the Trafford Centre, a huge out-of-town shopping mall in Manchester eventually sold to CSC for £1.65bn. When the sale was completed, Whittaker's empire managed to legitimately avoid paying around £200 million in capital gains tax because it took payment in CSC's shares.
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
Wonder when the govt will realise there is another way
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Brian Dixon
- Location: Dover
- Registered: 23 Sep 2008
- Posts: 23,940
kieth,the candle is burning dim and they can not see.not only that they are dim in the head as well.
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
and the latest nws cleggy is slagging govt off
it will all end in tears
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Guest 725- Registered: 7 Oct 2011
- Posts: 1,418
Brian Dixon- Location: Dover
- Registered: 23 Sep 2008
- Posts: 23,940
so the boy makes good and buys a town house,dont knock it Philip it could be worse.
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
Couldnt we go through all the leading MP's of all parties to find such things as philip quotes
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Brian Dixon- Location: Dover
- Registered: 23 Sep 2008
- Posts: 23,940
we could but the thread would be long and tedious,to say the least.
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
just pointing out philips bias
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Guest 725- Registered: 7 Oct 2011
- Posts: 1,418
What bias? I have issues with all three parties to say the least. The thing I find amusing is when labour acolytes preach about the tory toffs and how rich they are but conveniently ignore the wealth and private education, jobs for the boys, multi-million pound gold standard hypocrisy of their political idols.
Last I heard many of the shadow front bench happen to be millionaires and those who aren't are loathed by those who are.
Cognitive dissonance.
It's rather like miliband complaining about energy bills when much of the cause of the increases can be blamed on him but people are deluded into believing that the reverse is true.
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
No ones deluded
but people want to move away from the BLAME culture and move towards solutions
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Guest 698- Registered: 28 May 2010
- Posts: 8,664
Do they, Keith? This thread is all about name, shame and blame.
I'm an optimist. But I'm an optimist who takes my raincoat - Harold Wilson
Guest 716- Registered: 9 Jun 2011
- Posts: 4,010
JP Morgan on verge of $ 13 billion deal over bad morgage loans.Proposed deal with US Government
would not absolve the company from criminal liability.
Finance Johnnies damage not only UK Economy but the worlds.
Finance Johnnies from top to the bottom `bookkeeper`avoiding tax.
JP Morgan Chase is said to be close to a huge deal with the US government.JP Morgan Chase is said to be close to a huge deal with the US government. Photograph: Spencer Platt/Getty Images
JPMorgan Chase has reached a tentative $13bn (£8bn) deal with the US Justice Department and other government agencies to settle investigations into bad mortgage loans the bank sold to investors before the financial crisis, a source familiar with the talks said on Saturday.
The deal, which would be the largest ever between the US government and a single company, would not release the bank from criminal liability for some of the mortgages it packaged into bonds and sold to investors.
That had been a major sticking point in the discussions, but the government refused to budge and JPMorgan felt it had no choice but to give in, according to a second source. Until recently, the most that JPMorgan was willing to pay was closer to $11bn.
The biggest US bank sidestepped the worst of the financial crisis but now faces more than a dozen investigations globally into everything from alleged bribery in China to a possible role in manipulating benchmark interest rates known as Libor.
Guest 725- Registered: 7 Oct 2011
- Posts: 1,418
Hold on. Hold on.
We're trying to get away from the blame culture and look for solutions.
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
solutions
make em pay!!!!!
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Guest 716- Registered: 9 Jun 2011
- Posts: 4,010
Tax Special Investigation: Firms running NHS care services avoiding millions in tax
First of a series: companies running care services are among many avoiding millions in tax through a legal loophole
Companies receiving lucrative government contracts to run care services looking after tens of thousands of vulnerable people are avoiding millions of pounds in tax through a legal loophole.
The firms are cutting their taxable UK profits by taking high-interest loans from their owners through the Channel Islands Stock Exchange, an investigation by Corporate Watch and The Independent has found. By racking up large interest payments to their parent companies, they are able to reduce their bottom line and cut their tax bills.
The news will increase concern about NHS reforms that are seeing private companies take more responsibility for services. It also raises questions about the Government's commitment to tackling corporate tax avoidance, which David Cameron has said "corrodes public trust".
Over the course of this week, The Independent will reveal how more than 30 UK companies, including some of the UK's most recognisable brands, are benefiting from this legal tax loophole, known as the quoted Eurobond exemption. HMRC considered restricting the use of the loophole in 2012 but never took action.
Brian Dixon- Location: Dover
- Registered: 23 Sep 2008
- Posts: 23,940