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www.bbc.co.uk/news/uk-england-de ... e-21661506
Annual report shows Rolls-Royce did not pay any tax in the UK in 2012, same as 2011. It made £1.4bn in pre-tax profit in 2012, an increase of 24% on 2011.
They paid nothing to the treasury, and to add insult to injury, actually received £3m in credit.
I think this is very fair. If they can only scrape by on £1.4 billion I'm glad we don't add to their financial woes by getting them to pay tax here too, and it is just typical of the good old British generosity that instead, the taxpayer chips in a few mill for good measure.
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www.bbc.co.uk/news/uk-england-de ... e-21661506
Annual report shows Rolls-Royce did not pay any tax in the UK in 2012, same as 2011. It made £1.4bn in pre-tax profit in 2012, an increase of 24% on 2011.
They paid nothing to the treasury, and to add insult to injury, actually received £3m in credit.
I think this is very fair. If they can only scrape by on £1.4 billion I'm glad we don't add to their financial woes by getting them to pay tax here too, and it is just typical of the good old British generosity that instead, the taxpayer chips in a few mill for good measure.
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Right thats it, I'm not buying any of their products any longer.
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There would be a certain appropriateness to this if it was the car manufacturer.
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Bit of a non-story. Can someone explain to me why they ought to be paying Corporation Tax here?
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| Quote Dally="Dally"Bit of a non-story. Can someone explain to me why they ought to be paying Corporation Tax here?'"
Ha! You'll change your tune when the Daily Mail pick up the story, in about three weeks time. |
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| International Chairman | 28357 | No
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| Quote JerryChicken="JerryChicken"Right thats it, I'm not buying any of their products any longer.'"
But you are. HM Gov recently signed a record order with the factory at Bristol to supply the engines for some new planes. |
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| International Board Member | 28186 | No
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| Quote Dally="Dally"Bit of a non-story. Can someone explain to me why they ought to be paying Corporation Tax here?'"
Since when has that had any bearing on media outrage?
Presumably Rolls Royce are employing similar mechanisms to those used by Starbucks, Amazon et al. I await Cameron's howls of outrage at this deceit being perpetrated by what is an ostensibly British company.
This sort of bad press won't help in their efforts to get those with influence over the SFO to persuade it to tread softly in their ongoing corruption enquiries... |
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| Quote Ferocious Aardvark="Ferocious Aardvark"But you are. HM Gov recently signed a record order with the factory at Bristol to supply the engines for some new planes.'"
Why are they ordering records from Rolls Royce ?
Could this be why HMV went to the wall ? |
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Records? Rolls Royce, Rose Royce easy mistake to make. Not sure the cars they were washing were Rolls Royce.
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| Quote JerryChicken="JerryChicken"Why are they ordering records from Rolls Royce ?
'"
Easy mistake to make,
somebody told Gideon that they had loads of brass |
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Not exactly zero tax but [url=http://www.taxresearch.org.uk/Blog/2013/03/04/hsbcs-uk-tax-bill-looks-to-be-500-million-less-than-id-exepct/looks like HSBC decided to pay tax elsewhere too[/url
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| International Chairman | 14845 | No
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| Dec 2001 | 23 years | |
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| Quote cod'ead="cod'ead"Not exactly zero tax but [url=http://www.taxresearch.org.uk/Blog/2013/03/04/hsbcs-uk-tax-bill-looks-to-be-500-million-less-than-id-exepct/looks like HSBC decided to pay tax elsewhere too[/url'"
Hasn't he answered his own question? 13% of the company's income arises in the UK, which emplos 18% of the workforce. As the bank is big in the Far East where wages are a fraction of the UK, that 18% workforce probably respresnts a much higher proportion of the company's cost base. So, HSBC's contention that they've lost money in the UK (and US) looks reasonable. |
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