No tax paid by Rolls Royce in 2012
Discussion
http://www.bbc.co.uk/news/uk-england-derbyshire-21...
How does such a company get away with this?
It can't be as easy as merely saying your sales are all overseas etc...?
They obviously have clever people behind it finding all the loopholes but seems a bit ridiculous!
How does such a company get away with this?
It can't be as easy as merely saying your sales are all overseas etc...?
They obviously have clever people behind it finding all the loopholes but seems a bit ridiculous!
vescaegg said:
http://www.bbc.co.uk/news/uk-england-derbyshire-21...
How does such a company get away with this?
It can't be as easy as merely saying your sales are all overseas etc...?
They obviously have clever people behind it finding all the loopholes but seems a bit ridiculous!
Dont British Airways buy GE?How does such a company get away with this?
It can't be as easy as merely saying your sales are all overseas etc...?
They obviously have clever people behind it finding all the loopholes but seems a bit ridiculous!
Easyjet planes are Swiss owned iirc
So actually all their sales are overseas
vescaegg said:
http://www.bbc.co.uk/news/uk-england-derbyshire-21...
How does such a company get away with this?
It can't be as easy as merely saying your sales are all overseas etc...?
They obviously have clever people behind it finding all the loopholes but seems a bit ridiculous!
How about they are just following the rules as set out by the government? As the article says they paid over £200m in taxes in the markets where it was due. Or are you suggesting they should find a loophole to transfer profits from another market back to the UK so they pay tax here?How does such a company get away with this?
It can't be as easy as merely saying your sales are all overseas etc...?
They obviously have clever people behind it finding all the loopholes but seems a bit ridiculous!
All of this is utter 
ishness.. by the MP's.
Companies work to the rules. Like F1, rallying, footie, whatever - if the rules say you can avoid tax by havening in xyz country, you will. If you do not, you hand competitive advantage to others.
It's totally wrong IMO for the aholes in power / their lackeys in the BBC to claim big business is the bad guy. The bad guy is our wky, over complex tax system that serves noone in an inefficient manner. Sack 1/2 the tax men, and just put everything on a flat rate. Bingo, lower tax rate, higher income after costs, and an increaed chance of growth.
ishness.. by the MP's. Companies work to the rules. Like F1, rallying, footie, whatever - if the rules say you can avoid tax by havening in xyz country, you will. If you do not, you hand competitive advantage to others.
It's totally wrong IMO for the a
holes in power / their lackeys in the BBC to claim big business is the bad guy. The bad guy is our wky, over complex tax system that serves noone in an inefficient manner. Sack 1/2 the tax men, and just put everything on a flat rate. Bingo, lower tax rate, higher income after costs, and an increaed chance of growth.
London424 said:
How about they are just following the rules as set out by the government? As the article says they paid over £200m in taxes in the markets where it was due. Or are you suggesting they should find a loophole to transfer profits from another market back to the UK so they pay tax here?
Obviously fat cats.Clearly, they should relocate.
After all, we don't need the employment, research or the UK having any role in aerospace, do we?
Keep pushing the wealth creators and they shall yield, and eventually say fk this I am going elsewhere... If you support current government(s) you only have yourselves to blame. Do not blame the companies.
The simple answer is reduce all top level taxes and you will reverse the process. Wake up and smell the coffee (but not starbucks), muppets..
k this I am going elsewhere... If you support current government(s) you only have yourselves to blame. Do not blame the companies.The simple answer is reduce all top level taxes and you will reverse the process. Wake up and smell the coffee (but not starbucks), muppets..
vescaegg said:
How does such a company get away with this?
It can't be as easy as merely saying your sales are all overseas etc...?
They obviously have clever people behind it finding all the loopholes but seems a bit ridiculous!
As a shareholder I am extremely pleased that the management of RR is prudently managing my investment and not spending my money by giving it to various governments to waste.It can't be as easy as merely saying your sales are all overseas etc...?
They obviously have clever people behind it finding all the loopholes but seems a bit ridiculous!
Once I receive my taxed dividends from the taxed profits of RR's success, I will then make the choice as to where to spend my money. I may choose to donate some of it to the government so they can waste yet more of it on index linked benefit payments and foreign aid, or I may waste it myself on a new car. Possibly even a Rolls Royce (and yes I know there isn't).
Because of the nature of the work they do, I am pretty sure Rolls Royce will be fully eligible for the very good tax allowances that are available for Research and Expenditure costs incurred.
I have no problems with a company legitimately using these types of tax breaks exactly in the way the government wants them to. By NOT paying tax they can reinvest the money into further research and development and, probably more importantly, apprentice and technical training.
This is an example of how properly utilised tax avoidance can really generate a good outcome.
I have no problems with a company legitimately using these types of tax breaks exactly in the way the government wants them to. By NOT paying tax they can reinvest the money into further research and development and, probably more importantly, apprentice and technical training.
This is an example of how properly utilised tax avoidance can really generate a good outcome.
I do wish all this gnashing of teeth would stop.
They've paid what they're legally required pay, just like you and I do through PAYE on our income. If politicians don't like it, they are in a perfect position to change it, are they not?
All this bullst about "they should pay what's right" really winds me up. THEY ARE PAYING WHAT'S RIGHT BECAUSE THEY'RE PAYING EXACTLY WHAT YOUR LAWS REQUIRE YOU fkING AMOEBAS.
They've paid what they're legally required pay, just like you and I do through PAYE on our income. If politicians don't like it, they are in a perfect position to change it, are they not?
All this bulls
t about "they should pay what's right" really winds me up. THEY ARE PAYING WHAT'S RIGHT BECAUSE THEY'RE PAYING EXACTLY WHAT YOUR LAWS REQUIRE YOU fkING AMOEBAS. BMWBen said:
I do wish all this gnashing of teeth would stop.
They've paid what they're legally required pay, just like you and I do through PAYE on our income. If politicians don't like it, they are in a perfect position to change it, are they not?
All this bullst about "they should pay what's right" really winds me up. THEY ARE PAYING WHAT'S RIGHT BECAUSE THEY'RE PAYING EXACTLY WHAT YOUR LAWS REQUIRE YOU fkING AMOEBAS.
Quite. Let's ignore the R&D spend, the prestige, the thousands of high quality engineering jobs, the balance of trade, the number of other companies supported by RR, and instead focus on how they've employed good accountants to reduce the amount of money they have to give to the government to waste on things. They've paid what they're legally required pay, just like you and I do through PAYE on our income. If politicians don't like it, they are in a perfect position to change it, are they not?
All this bulls
t about "they should pay what's right" really winds me up. THEY ARE PAYING WHAT'S RIGHT BECAUSE THEY'RE PAYING EXACTLY WHAT YOUR LAWS REQUIRE YOU fkING AMOEBAS. Gassing Station | News, Politics & Economics | Top of Page | What's New | My Stuff