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| Corporate Welfare; Corps Leeching off Taxpayer | |
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| Topic Started: Nov 20 2015, 12:48 AM (855 Views) | |
| skwirked | Nov 20 2015, 12:48 AM Post #1 |
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On Enforced Vacation
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Then this sh1t happens, because the cash is wasted on corporate welfare and other needless bs.
Edited by skwirked, Nov 20 2015, 12:35 PM.
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| Rich | Nov 24 2015, 12:17 AM Post #81 |
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Senior Member
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Take a look at Luxembourg. |
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| skwirked | Nov 24 2015, 12:19 AM Post #82 |
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On Enforced Vacation
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Take a look at the rest of Europe especially the Scandinavian countries (not all of them rely purely on nat resources). We are the navel gazers, or should that be floor gazers? |
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| RJD | Nov 24 2015, 08:43 AM Post #83 |
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Prudence and Thrift
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True, to some extent some service type jobs are always required, but your statement that indicated that all jobs lost were replaced by new ones is no universal truth. In an economic downturn unemployment numbers grow. |
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| RJD | Nov 24 2015, 08:44 AM Post #84 |
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Prudence and Thrift
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No statement of how Cameron is supposed to achieve that objective. I suppose he thinks we should bomb those havens? |
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| ACH1967 | Nov 24 2015, 09:21 AM Post #85 |
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Which was why in my earlier post I said that it depended on the type of job. I agree that something would be possible for those working in the domestic market. This would be inflationary. Perhaps even a case of giving with one hand and taking away with the other because I could hazard a guess at the demographics of those eating at McDonalds. Still throwing around ad hominems, very mature that. I will just stick to pointing this and not lowering myself to play ground antics. The example was about workers in export markets. Can I take it then that you are perfectly happy for them to loose there jobs. Perhaps you do not work in an export market. |
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| RJD | Nov 24 2015, 09:25 AM Post #86 |
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Prudence and Thrift
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Does he, has he ever worked or worked in such? I have my doubts. |
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| Tigger | Nov 24 2015, 09:29 PM Post #87 |
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What sort of half arsed answer is that? London and our tax havens are awash with Arab money and the ill gotten gains of dictators, time we started putting lives and morals above dodgy cash. And remember, if you can, two wrongs do not make a right. |
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| skwirked | Nov 24 2015, 09:31 PM Post #88 |
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On Enforced Vacation
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Have you noticed no one has seen fit to refute the sources in the report? No one has anything to say about my proof that shows banks, energy companies and other corporations understating profits and yet they have strong dismissive opinions anyway? The report stands. |
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| Tigger | Nov 24 2015, 09:32 PM Post #89 |
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Dumb insolence? Cameron could easily order OUR tax havens to be more open and regulate them properly, but he has no intention whatsoever of doing that, you know it and I know it. |
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| Tigger | Nov 24 2015, 09:34 PM Post #90 |
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Because they can't, instead all we get is dreary ripostes that tell us others do stuff as well so therefore it's partially excusable. |
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| AndyK | Nov 24 2015, 09:41 PM Post #91 |
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Roads are corporate welfare as they enable businesses to operate. |
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| skwirked | Nov 24 2015, 09:43 PM Post #92 |
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On Enforced Vacation
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If you mean claims against road tax to reduce it then sure why not? ;) |
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| Tigger | Nov 24 2015, 09:45 PM Post #93 |
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But they also allow everyone else to "operate". Think of efficient transport links as an investment rather that an irksome cost.......
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| Rich | Nov 24 2015, 10:01 PM Post #94 |
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Senior Member
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iT IS "SORT OF HALF FUCKING ARSED" BECAUSE UNLESS THE WHOLE FUCKING GLOBE DECIDES TO PUT A FUCKING STOP TO IT, IT IS NO GOOD ONE SINGLE FUCKING COUNTRY TRYING TO DO SO GOT IT?!!! |
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| Tigger | Nov 24 2015, 10:12 PM Post #95 |
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No I haven't got it, because once again you prefer simplistic and childlike parables that absolve financial crooks from any responsibility. As the LARGEST HOLDER OF OFFSHORE TAX HAVENS the UK is a prime position to do something about it. Got that this time? You can get off your knees now.................. |
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| AndyK | Nov 24 2015, 10:53 PM Post #96 |
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Dirty money, clean money, what's the difference? http://www.newyorker.com/news/john-cassidy/the-pfizer-allergan-merger-is-a-disgrace |
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| skwirked | Nov 24 2015, 10:56 PM Post #97 |
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On Enforced Vacation
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True! There has to be some limit though. We can't all be like Switzerland in WWII or do you disagree? I know RJD does! He thinks the Swiss were OK to take Nazi gold. Are you an amoral spiv or a minority compassionate atory? Edited by skwirked, Nov 24 2015, 10:57 PM.
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| Tigger | Nov 24 2015, 10:59 PM Post #98 |
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Criminally obtained money or cash looted by dictators for example? Wasn't hard was it......... |
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| Lewis | Nov 24 2015, 11:04 PM Post #99 |
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Nice sentence, the man manages to use the word 'fucking' four times. Very impressive. Edited by Lewis, Nov 25 2015, 08:11 AM.
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| skwirked | Nov 24 2015, 11:05 PM Post #100 |
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On Enforced Vacation
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Caps lock is cruise control for cool people. 8) |
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| Affa | Nov 24 2015, 11:42 PM Post #101 |
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You said you would stick to pointing out my error, and then carried on by making presumptions about what 'makes me happy', and inferring people losing their jobs .... am I correct? But I take your point earlier made ........ it has become apparent to me that implying that someone has a Tory mindset is indeed offensive and against the rules. Can I be confident that the use of 'lefty', 'Red Nag', 'the Usuals' receives the same consideration? I withdraw the suggestion that was made ..... offensive to you as it was. |
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| Rich | Nov 25 2015, 01:41 AM Post #102 |
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Ok, so the UK makes a law that shuts down these tax havens....what then? |
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| ACH1967 | Nov 25 2015, 08:18 AM Post #103 |
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Yes I was trying hard to behave myself but as is evident it's easy to fall off the wagon. It just helps if we don't do those things but we all do on occasion. |
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| RJD | Nov 25 2015, 09:06 AM Post #104 |
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Prudence and Thrift
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We should not touch any of that money that is proven to be dirty, in fact we should help burn it. However, Rich is correct we can only control such effectively with international coordinated cooperation. It really is difficult to determine the cleanliness of funds that cross and number of borders electronically, by SWIFT, in a jiffy. In my experience, which is limited, the British Banks tend to operate with higher standards. A Swiss Banker, Manager of the Zurich Branch of a very well known UK Bank, which I privately in the UK Banked with, once told me at a Fund Raiser, in the early 1990s, of a Russian who that morning had tried to deposit a very large suitcase of $US. He was told to go elsewhere and the Police duly informed. I understood that this was not a one off event and that the man would find a Bank to take the money but not a British one and certainly never in the UK. That said we need Osborne to continually push for greater international cooperation. Thank goodness at last we have a Gov. that takes this matter seriously. The hater of all things English and especially London ought to develop a less myopic understanding of how the World works especially in Germany, Switzerland and Italy. |
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| Tigger | Nov 25 2015, 10:17 PM Post #105 |
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For a starters a lot of it would not find a home anywhere else, secondly we'd not be aiding and abetting crooks, dictators and corrupt businessmen and thirdly if we carry on pretending to clamp down on money laundering, whilst doing the exact opposite we will eventually piss off a major nation or trading bloc and be crushed under the weight of the economic retribution. It's immoral, it's wrong and it tarnishes the reputation of this country. |
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| skwirked | Nov 30 2015, 12:08 PM Post #106 |
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On Enforced Vacation
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More bullshine nonsense links that no one should read. http://www.dailymail.co.uk/news/article-2287216/Revealed-One-UKs-companies-pay-tax.html EXPERIAN Profits £454 million What they pay in UK tax -159 million pound they get 159 million in tax credits VODAFONE Profits £9.5 BILLION What they pay in UK tax -4 million pound they get 4 million in tax credits ROLLS ROYCE GROUP Profit £1.1 BILLION What they pay in UK tax -2 million pound they get 2 million in tax credits RSA insurance Profits £613 million What they pay in UK tax -8 million pound they get 8 million in tax credits G4S Profits £279 million What they pay in UK tax -8 million pound they get 8 million in tax credits IMI Profit £301 million What they pay in UK tax -1.6 million pound they get 1.6 million in tax credits |
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| ACH1967 | Nov 30 2015, 12:22 PM Post #107 |
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"For starters a lot of it would not find a home anywhere else" What leads you to believe this? |
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| papasmurf | Nov 30 2015, 12:58 PM Post #108 |
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This is a situation that needs to be addressed, but I can't see a Tory government doing so. http://www.smeinsider.com/2015/11/16/almost-half-of-ftse-350-companies-pay-less-than-20-corporation-tax/ Almost half of FTSE 350 companies pay less than 20% corporation tax 16 Nov 15 | Author Fraser Simpson By Calum Fuller, of sister publication Accountancy Age Almost half of the UK’s largest quoted companies are paying less than the current effective rate of 20 per cent in corporation tax, according to research by top 20 accountancy firm MHA MacIntyre Hudson. Combined untaxed profits totalled over £6bn The firm’s research had to exclude 34 FTSE 350 companies because companies had posted financial losses in their most recently published full year accounts. But out of the remaining 316 companies, 144 FTSE 350 companies eligible to pay corporation tax – around 46 per cent – were paying below the current maximum 20 per cent rate. There were 36 FTSE 350 companies which posted profits before tax but had paid no corporation tax at all. Of these 36 companies, their combined untaxed profits totalled £6.243bn. If these profits had been taxed at 20 per cent, it would have added an extra £1.25bn to the nation’s coffers. Some 85 companies paid below 5 per cent tax on profits, while a further eight companies paid less than 10 per cent tax on their profits. With corporation tax rates due to fall to 19 per cent in 2017 and 18 per cent in 2020 and with GDP growth inching back to 0.5 per cent for the latest reported quarter, the chancellor is under enormous pressure to maximize receipts from across the whole tax spectrum. | |
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| RJD | Nov 30 2015, 01:27 PM Post #109 |
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Prudence and Thrift
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I think he dreams it up. You can open Bank Accounts across the globe in a jiffy and transfer funds in seconds. Much of this dirty money becomes sanitised by exchanging such for the ownership of assets. That said the UK has littler direct control or influence over Banks that are prepared to accept such money as they are nearly all way beyond our reach. What powers has the UK Treasury over Cayman Islands? If the poster has an information to back up his claims the best he contacts the National Crime Agency which appears to be hot on the trail of such dirty money laundering. That said the process of laundering dirty money needs to be clamped down upon and there is little evidence of the conspiracy to aid and abet such. I think the Poster needs to put some zinc foil inside his hard hat. |
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| skwirked | Dec 1 2015, 08:21 AM Post #110 |
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On Enforced Vacation
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According to the serial whitewasher, there is very little financial misconduct taking place and it was ethically sound for the Swiss to take Nazi gold. The hypocrisy and el bollocksio is astounding. |
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| papasmurf | Dec 1 2015, 08:25 AM Post #111 |
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That is why I have him on ignore. |
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