Brian Dixon
- Location: Dover
- Registered: 23 Sep 2008
- Posts: 23,940
howard,if memory serves me right jersy is an off shore haven.
Keith Sansum1
- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
im sure it was the HSBC itself but im happy to be corrected
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howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
not all of the e.g.p's are living the high life, only this week the pontiff paid a visit to dover, sadly the vatican had not kept up the repayments on the popemobile.
Guest 716- Registered: 9 Jun 2011
- Posts: 4,010
# 1662....be corrected...watch this space.....there`s more to come ....if they get it right this time....
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
im interested to wait and see
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howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
courtesy of the independent, a bit closer to home now.
One of the largest suppliers of drugs to the NHS escaped paying any tax to the UK Government last year, it has emerged.
Pfizer, the company behind the best-selling drug on the UK market, Lipitor, and impotence drug Viagra, had a turnover of £1.8bn on its sales in the UK last year. But despite its huge business in this country, the accounts of the company's British-based subsidiary suggest it made an operating loss of £59m in 2011 and £46m in 2010.
Critics say Pfizer's operating loss is this country is typical of the way in which large multi-national companies are systematically able to legally avoid paying tax by piling costs into high tax jurisdictions, while reporting profits in low tax havens.
Globally, Pfizer made $12.7bn. If its profits margin in the UK had been similar to average, it would have made a pre-tax profit of £347m on its UK earnings - on which it might have been expected to pay tax of 25 per cent.
On Monday senior executives from Google, Starbucks and Amazon are due to face hours of hostile examination by MPs over their corporate tax affairs.
Guest 716- Registered: 9 Jun 2011
- Posts: 4,010
HSBC Jersey accounts are under scrutiny after 4,388 UK Tax avoiders and evaders list was given to HMRC amounting to
£ 700 million pounds.The leaked document also mentioned 600 in Israel,527 in France,333 in Spain,117 in USA,
HSBC have set aside £ 1.5 billion for an earlier infringement in USA.
This is just the tip of the ice-berg of the money that should be in our Treasury coffers ......and this Government is collecting
money from the cuts they are making from Joe Public.............One of Obama`s top priorities is Tax Reform.......
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
well now we might well see some action soon
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Brian Dixon- Location: Dover
- Registered: 23 Sep 2008
- Posts: 23,940
reg,thanks for the tip,might stick my euromillions winnings down there.
Guest 710- Registered: 28 Feb 2011
- Posts: 6,950
Water companies pay little or no tax on huge profits
"Three of Britain's biggest water companies paid little or no tax on their profits last year while generously rewarding their executives and investors, the Observer can reveal. Thames Water and Anglian Water paid no corporation tax on the profits made from their utility businesses while Yorkshire Water kept its payments to the Revenue in the low millions.
All the companies made hundreds of millions of pounds in operating profits and some have rewarded their senior executives with performance-related bonuses and investors with huge dividends. Martin Baggs, the chief executive of Thames Water, which enjoyed a £76m tax rebate in 2012, was given a bonus of £420,000 on top of his £425,000 salary and is in line for a further windfall of £1m based on company performance through to 2015."
http://www.guardian.co.uk/business/2012/nov/10/water-companies-tax Ignorance is bliss, bliss is happiness, I am happy...to draw your attention to the possible connectivity in the foregoing.
Guest 653- Registered: 13 Mar 2008
- Posts: 10,540
I find that quite disgraceful and if it is due to a loop-hole, then it should be closed immediately. If it is HMRC, then they need sorting out too. It cannot be right that ordinary people and SMEs are taking the brunt.
Roger
Guest 716- Registered: 9 Jun 2011
- Posts: 4,010
Has the penny dropped that we are not all in this together ?
Guest 710- Registered: 28 Feb 2011
- Posts: 6,950
The final paragraph is a sad attempt to rescue them...
"A spokesman for Anglian Water said: "Tax is low because of the very significant capital investment that we are making (£2.3bn between 2010 and 2015). Under the UK's tax regime, we are entitled to capital allowances on this investment as an incentive to invest early. However, tax payable is only deferred, so looking at our future tax liability you can see that we will in time pay the tax in full. There is no tax avoidance here whatsoever. The intra-group loan system has no bearing on our tax liabilities.""
Here was me thinking that at each price hike it was the customer supplying the wherewithal for the investment, for certainly rain itself is for ever coming down.
Ignorance is bliss, bliss is happiness, I am happy...to draw your attention to the possible connectivity in the foregoing.
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
you can be so cynical at times tom, i won't come to you when i take the bucket round for "e.g.p's fallen on hard times".
Guest 710- Registered: 28 Feb 2011
- Posts: 6,950
Tut, tut Howard. [before I forget...e.g.p.?]
"2 (Cynic) a member of a school of ancient Greek philosophers founded by Antisthenes, marked by an ostentatious contempt for ease and pleasure."
'Austintatious contempt' indeed...what next?
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
seems others on the right are now seeing the issue
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Guest 716- Registered: 9 Jun 2011
- Posts: 4,010
The list of elite greedy pigs grows day by day....there are now an enormous number of individuals,
corporations,companies,utilities making enormous profits not paying any or very little Tax.
Finance Johnnies are using all the obscene,unacceptable ``legal`` loopholes to justify there clients
not paying Tax.
Finance Johnnies are the pariah`s of the Treasury and Social ASBO`s....while Joe Public are paying
up.
It is impossible to calculate but if these Tax avoiders and evaders paid up under new Tax
regulations / reforms it would surely make a significant contribution to the nations deficit and
well-being.
Brian Dixon- Location: Dover
- Registered: 23 Sep 2008
- Posts: 23,940
reg,i want to win tonights euromillions jackpot of 133 million pounds,does that make me an elite greedy pig.?
Guest 698- Registered: 28 May 2010
- Posts: 8,664
Only if you win, Brian.
I'm an optimist. But I'm an optimist who takes my raincoat - Harold Wilson
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
the divide continues to get wider
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