No tax paid by Rolls Royce in 2012
Discussion
London424 said:
el stovey said:
traxx said:
Dont British Airways buy GE?
BA have (or have ordered) RR engines on the B787
B777-200
B767
B757
B747
A380
IAG has a primary listing on the London Stock Exchange.
Virgin Atlantic have RR on
A380
A340-600
B787
Thomson,Monarch,Thomas Cook, Jet2, Titan all have RR on
B757
B787
Then consider all the Armed forces Rolls Royce powered bits of kit. All the power stations, ships, offshore platforms that have RR gas turbines.
I think it's likely RR are selling plenty of engines in the UK.
My comments were in response to
traxx said:
Dont British Airways buy GE?
Easyjet planes are Swiss owned iirc
So actually all their sales are overseas
Easyjet planes are Swiss owned iirc
So actually all their sales are overseas
Edited by el stovey on Monday 4th March 23:46
This country is becoming communist by the back door.
If I have to listen to one more ignorant, self pitying loser who wouldnt know 'risk taking enterprise' and all that goes with it if it jumped up and punched him/her in their gurning, moaning, whining faces bang on about how 'its not fair' that some people earn more than them, some people have sorted their lives out enough to pay to educate their kids better than them, to buy better homes and cars than they have, to found businesses that create jobs that put food on their tables, to make our nation competitive on the world stage, I really do think I'm going to have some sort of psychotic episode.
If I have to listen to one more ignorant, self pitying loser who wouldnt know 'risk taking enterprise' and all that goes with it if it jumped up and punched him/her in their gurning, moaning, whining faces bang on about how 'its not fair' that some people earn more than them, some people have sorted their lives out enough to pay to educate their kids better than them, to buy better homes and cars than they have, to found businesses that create jobs that put food on their tables, to make our nation competitive on the world stage, I really do think I'm going to have some sort of psychotic episode.
They also took a fair chunk of government research money, too:
http://www.epsrc.ac.uk/newsevents/news/2009/Pages/...
Hard to pin down the exact numbers, though...
http://www.epsrc.ac.uk/newsevents/news/2009/Pages/...
Hard to pin down the exact numbers, though...
There is "tax avoidance" and there is "tax avoidance".
The government often brings in special tax schemes deliberately to encourage businesses to do things - such as invest more money in technology, training , research and development. Companies like Rolls Royce are the type of company that the government really WANTS to spend money in these areas and therefore they are more than happy if tax saved using special government allowances are used as intended.
What the government doesn't like is when companies use tax avoidance schemes in a way that was never intended - for instance, to syphon money and investment outside the the UK, to give senior executives massive bonuses or to increase dividend yields with no obvious reinvestment in the business itself.
Rolls Royce is one of the UK's greatest success stories - and the assertion that BA only buy aircraft fitted with GE engines is arrant nonsense.
The government often brings in special tax schemes deliberately to encourage businesses to do things - such as invest more money in technology, training , research and development. Companies like Rolls Royce are the type of company that the government really WANTS to spend money in these areas and therefore they are more than happy if tax saved using special government allowances are used as intended.
What the government doesn't like is when companies use tax avoidance schemes in a way that was never intended - for instance, to syphon money and investment outside the the UK, to give senior executives massive bonuses or to increase dividend yields with no obvious reinvestment in the business itself.
Rolls Royce is one of the UK's greatest success stories - and the assertion that BA only buy aircraft fitted with GE engines is arrant nonsense.
davepoth said:
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 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.
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. I was thinking of the mind-numbing level of waste in government, generally not having a f
king clue how to spend money. Then add on the clueless tts that report these "stories" and we've got a piss boiler of epic proportions (but not the way the press would want it boiling).Is there a precedent for our witholding some taxes as "the government have shown themselves completely incapable of spending these taxes in a sensible manner".
Idiot Labour MP said:
Labour John Mann MP, who campaigns on tax issues, said: "There is no reason for Rolls-Royce, or any other company, not to be paying their fair share.
Mann is quite possibly one of the most stupid men in Parliament. This is the buffoon that drove from London to Derbyshire in his Picasso, without noticing that his wheels were falling off. (then claimed someone was trying to murder him) Words cannot describe what a jumped up, self important, ignorant twunt of the first order the man is.
Memo to you Mr Mann, RR are paying their fair share. They are playing excatly by the rules. Why don't you and the rest of your idiot lefty colleagues just shut up and go fiddle your expenses before you drive another bit of British engineering (and lots of jobs) overseas with your simplistic "it's not fair" shenanigans?
Seriously what is the matter with people.
RR will pay hundreds of millions in NICers, indirect taxes, import taxes etc etc. so what they don't pay a small amount of corporation tax- the government takes 46p in ever £ of GDP one way or another, so you can imagine that of the billions of turnover of RR, a very very large chunk is ending up in the treasury.
Whats telling is the response of our local politicians- in the US local policitians support major employers, and fight their corner no matter what. In the UK our local politician just jumps on the populist bandwagon and gets on with kicking the empoyer of their voters.
It is all plain bonkers.
If you don't like companies playing by the rules, then change the rules don't blame the players of the game.
RR will pay hundreds of millions in NICers, indirect taxes, import taxes etc etc. so what they don't pay a small amount of corporation tax- the government takes 46p in ever £ of GDP one way or another, so you can imagine that of the billions of turnover of RR, a very very large chunk is ending up in the treasury.
Whats telling is the response of our local politicians- in the US local policitians support major employers, and fight their corner no matter what. In the UK our local politician just jumps on the populist bandwagon and gets on with kicking the empoyer of their voters.
It is all plain bonkers.
If you don't like companies playing by the rules, then change the rules don't blame the players of the game.
What's wrong with any of these statements by supposedly stupid Leftie MPs?
Chris Williamson, Labour MP for Derby North, said he had written to the chief executive of Rolls-Royce for more information.
He said: "We do need to get to the bottom of the story. All companies, irrespective of how many people they employ, have an obligation to pay tax if they are making profits here.
"We have to remember that successful companies in the UK are successful partly because of the investment that's made in public services, in education, in infrastructure to enable them to flourish."
Doesn't everyone want to know what the real story is?
Chris Williamson, Labour MP for Derby North, said he had written to the chief executive of Rolls-Royce for more information.
He said: "We do need to get to the bottom of the story. All companies, irrespective of how many people they employ, have an obligation to pay tax if they are making profits here.
"We have to remember that successful companies in the UK are successful partly because of the investment that's made in public services, in education, in infrastructure to enable them to flourish."
Doesn't everyone want to know what the real story is?
z4me said:
toppstuff said:
More populist, political bks from MP's and the media, only really telling half the story.
We are sewing the seeds of our own doom.
So your happy for RR to make £1.4bn in profits, pay £218m in tax abroad, nothing in UK, and don't want to know the full story?ks from MP's and the media, only really telling half the story.We are sewing the seeds of our own doom.
Ozzie Osmond said:
This is bonkers. Loads of people on PH say that UK should be a low-tax environment to encourage global businesses to operate here.
RR minimises its taxes and the same people are up in arms com-plaining about it!
I whole heartedly agree that the tax take from businesses is too high, I'd argue that Corporation tax should be abolished completely, but what I don't want to see is a situation where only small to medium sized companies pay CT and big companies avoid or minimise their liabilities either through transfer pricing or government deals.RR minimises its taxes and the same people are up in arms com-plaining about it!
What we need is low taxes for business across the board, not just for multi-nationals.
z4me said:
toppstuff said:
More populist, political bks from MP's and the media, only really telling half the story.
We are sewing the seeds of our own doom.
So your happy for RR to make £1.4bn in profits, pay £218m in tax abroad, nothing in UK, and don't want to know the full story?ks from MP's and the media, only really telling half the story.We are sewing the seeds of our own doom.
Justayellowbadge said:
z4me said:
toppstuff said:
More populist, political bks from MP's and the media, only really telling half the story.
We are sewing the seeds of our own doom.
So your happy for RR to make £1.4bn in profits, pay £218m in tax abroad, nothing in UK, and don't want to know the full story?ks from MP's and the media, only really telling half the story.We are sewing the seeds of our own doom.
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