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.
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.
Last edited by Ferocious Aardvark on stardate Jun 26, 3013 11:27 am, edited 48,562,867,458,300,023 times in total
Post subject: Re: Zero tax - Rolls Royce joins the club
Posted: Mon Mar 04, 2013 7:04 pm
JerryChicken
International Star
Joined: Jul 09 2012 Posts: 3605 Location: Leeds
Right thats it, I'm not buying any of their products any longer.
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Post subject: Re: Zero tax - Rolls Royce joins the club
Posted: Mon Mar 04, 2013 9:44 pm
JerryChicken
International Star
Joined: Jul 09 2012 Posts: 3605 Location: Leeds
Dally wrote: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.
Someday everything is gonna be different, when I paint my masterpiece ---------------------------------------------------------- Online art gallery, selling original landscape artwork ---------------------------------------------------------- JerryChicken - The Blog ----------------------------------------------------------
Post subject: Re: Zero tax - Rolls Royce joins the club
Posted: Tue Mar 05, 2013 1:04 pm
Andy Gilder
International Board Member
Joined: Apr 03 2003 Posts: 28186 Location: A world of my own ...
Dally wrote: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...
"As you travel through life don't sweat the petty things and don't pet the sweaty things" - George Carlin
Post subject: Re: Zero tax - Rolls Royce joins the club
Posted: Tue Mar 05, 2013 9:00 pm
JerryChicken
International Star
Joined: Jul 09 2012 Posts: 3605 Location: Leeds
Ferocious Aardvark wrote: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 ?
Someday everything is gonna be different, when I paint my masterpiece ---------------------------------------------------------- Online art gallery, selling original landscape artwork ---------------------------------------------------------- JerryChicken - The Blog ----------------------------------------------------------
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