Brexit - or Article 50: the Phoenix!

[Slime]

Oooops, I've just seen what you're alluding to!
My post #597 wasn't meant to be a post.
The 'You really couldn't make it up' line was supposed to be on the end of my previous post.
I accidentally made another post with the same multi-quote in it and obviously didn't hit the Edit Post option ..................... if that makes sense.
Anyway, apologies for the confusion :thup:.

 

[hors limite]

Robert Edmiston - made millions running IM Group that imports cars (and yet he still supports Brexit despite his business relying on imports)
Lord Bamford - who runs JCB
Michael Freeman - from property developer Argent
Lord Harris - founder of Carpetright
Terrence Mordaunt - from cargo handling company Bristol Port Company
Will Adderley - from Dunelm retailer
Rocco Forte - from Forte hotel chain
Peter Goldstein - Superdrug
David Sisney - MD of Goldman Sachs
Michael Geoghegan - former HSBC chief exec
John Cauldwell - Phones 4 You founder

Glad to be of assistance - and just for you I even ignored Tim Martin from the successful pub chain.

They are still in a pathetically small minority. As for Dyson, his idea of supporting the UK was to ship a lot of production to SE Asia!

 

[Blue in Munich]

They are still in a pathetically small minority. As for Dyson, his idea of supporting the UK was to ship a lot of production to SE Asia!

Was Christopher Columbus not in a pathetically small minority who didn't think the earth was flat and discovered America as a result, rather than sailing of the edge of it into oblivion? And remind us how right the overwhelming majority of IT experts who predicted the end of the computing world with the Y2K bug were?

 

[Hobbit]

They are still in a pathetically small minority. As for Dyson, his idea of supporting the UK was to ship a lot of production to SE Asia!

If you had 100 idiots saying one thing, and 1 really smart guy, a pathetically small minority, saying something else... your comment is pathetically shallow.

Maybe have a look at Richard Branson's Virgin Group reporting. He's an ardent Remainer who is a resident in the British Virgin Islands. I wonder how much tax he pays? I wonder how much tax the Virgin Group pays? Here's one to start you off. Virgin Care have just posted accounts showing they have done £200m worth of business for the NHS last year, and just signed a £1.1bn contract for further work. They paid ZERO tax on the £16m profit they made last year. The Group has a whole makes Amazon look like a corner shop, yet they pay virtually zero taxes... I wonder why he wants the status quo?

 

[hors limite]

If you had 100 idiots saying one thing, and 1 really smart guy, a pathetically small minority, saying something else... your comment is pathetically shallow.

Maybe have a look at Richard Branson's Virgin Group reporting. He's an ardent Remainer who is a resident in the British Virgin Islands. I wonder how much tax he pays? I wonder how much tax the Virgin Group pays? Here's one to start you off. Virgin Care have just posted accounts showing they have done £200m worth of business for the NHS last year, and just signed a £1.1bn contract for further work. They paid ZERO tax on the £16m profit they made last year. The Group has a whole makes Amazon look like a corner shop, yet they pay virtually zero taxes... I wonder why he wants the status quo?

It's a pity that you feel that you have to resort to insults.
I've commented on this before - you say that you are a remainer but time and time again you go into bat for the Brexit side. I've no wish to defend Branson, Virgin or any company that doesn't contribute properly - it's wrong. However, unless I'm missing something, I don't see how Brexit will make them pay more to the exchequer.

 

[Foxholer]

...
I wonder how much tax the Virgin Group pays? Here's one to start you off. Virgin Care have just posted accounts showing they have done £200m worth of business for the NHS last year, and just signed a £1.1bn contract for further work. They paid ZERO tax on the £16m profit they made last year. The Group has a whole makes Amazon look like a corner shop, yet they pay virtually zero taxes... I wonder why he wants the status quo?

The above is rather/very misleading - as this article attests! https://inews.co.uk/news/health/vir...-profits-nhs-contracts-rise-8m-200m-turnover/

Note! It was Virgin Care Services (a subsidiary of Virgin Care) that made the profit!

You picked a (the?) profitable part of the parent company that made a loss overall - that's why there's no corporation tax to pay.

'A spokesman for Virgin Care said: “We have not yet reached a state of profitability overall, and our shareholders are still investing in the growth of the business. Virgin Care is incorporated and resident in the UK for tax purposes and so, as and when we reach profitability, we will meet our obligations just as we do today...."

This would be exactly the same for any company/set of companies - nothing to do with it being Virgin - or Virgin's residential arrangements!

 

[Hobbit]

The above is rather/very misleading - as this article attests! https://inews.co.uk/news/health/vir...-profits-nhs-contracts-rise-8m-200m-turnover/

Note! It was Virgin Care Services (a subsidiary of Virgin Care) that made the profit!

You picked a (the?) profitable part of the parent company that made a loss overall - that's why there's no corporation tax to pay.

'A spokesman for Virgin Care said: “We have not yet reached a state of profitability overall, and our shareholders are still investing in the growth of the business. Virgin Care is incorporated and resident in the UK for tax purposes and so, as and when we reach profitability, we will meet our obligations just as we do today...."

This would be exactly the same for any company/set of companies - nothing to do with it being Virgin - or Virgin's residential arrangements!

You are aware that its illegal to show a loss in a separate part of a group to avoid taxes in a profitable part aren't you? Well, how do I know that? The company I used to work for received a £10m fine from the EU for using profits in one area to offset losses in another. Apart from him being a Tory poster boy, I'd expect some serious investigating being done. The way he structures his companies, so that there is always a loss making element, is a bit dodgy to say the least. But don't hold your breath.

But seen as you've seen fit to have a look at Mr Branson, maybe have a look at how he's "recently" sold his house to his children. The house was signed into the children's names several years ago, but then sold to them very recently at a way below market price. That in itself isn't illegal, i.e. the signing it into their name, but then "selling" it later is. And then to sell it way below book price to avoid stamp duty is also being investigated.

 

[Hobbit]

It's a pity that you feel that you have to resort to insults.
I've commented on this before - you say that you are a remainer but time and time again you go into bat for the Brexit side. I've no wish to defend Branson, Virgin or any company that doesn't contribute properly - it's wrong. However, unless I'm missing something, I don't see how Brexit will make them pay more to the exchequer.

I'm sorry you feel like you've been insulted but, sounding a little petty, you started it a few days ago with your "contrary" post. If you can't take it, don't dish it.

 

[Foxholer]

You are aware that its illegal to show a loss in a separate part of a group to avoid taxes in a profitable part aren't you? Well, how do I know that? The company I used to work for received a £10m fine from the EU for using profits in one area to offset losses in another. Apart from him being a Tory poster boy, I'd expect some serious investigating being done. The way he structures his companies, so that there is always a loss making element, is a bit dodgy to say the least. But don't hold your breath.

But seen as you've seen fit to have a look at Mr Branson, maybe have a look at how he's "recently" sold his house to his children. The house was signed into the children's names several years ago, but then sold to them very recently at a way below market price. That in itself isn't illegal, i.e. the signing it into their name, but then "selling" it later is. And then to sell it way below book price to avoid stamp duty is also being investigated.

Trading losses CAN offset profits from other parts of a Group!
See here for details! https://www.gov.uk/guidance/corporation-tax-calculating-and-claiming-a-loss
Good to see that dodgy practices ARE investigated! I'm sure the 'proper authorities' will be checking Virgin Care's 'arrangements', though I expect a 'clean bill of health'!

I'd suspect that 'your' company's arrangements were different, thus the EU's interest that resulted in the fine!

Branson's personal arrangements are not my concern, nor particularly relevant to this topic - though they may indicate an attitude/approach!

But I'd suggest you picked a 'bad' example for your argument, as well as getting some details wrong! Not your usual standard! Would make (or made) good headlines in some red-tops though!

 

[hors limite]

I'm sorry you feel like you've been insulted but, sounding a little petty, you started it a few days ago with your "contrary" post. If you can't take it, don't dish it.

Which post are you talking about?

 

[MegaSteve]

Sort of makes me laugh that folk still feel we should take any notice of what big business says...
They were as much to do with the outcome of the vote as the fools in Brussels...

 

[Foxholer]

It's a pity that you feel that you have to resort to insults.
...

That didn't seem like an 'insult' to me!

I'm sorry you feel like you've been insulted but, sounding a little petty, you started it a few days ago with your "contrary" post. If you can't take it, don't dish it.

Now, now...Remember the Rules (Criticise ideas, not users)!

You are correct btw.... Petty indeed!

 

[Pro Zach]

Was Christopher Columbus not in a pathetically small minority who didn't think the earth was flat and discovered America as a result, rather than sailing of the edge of it into oblivion? And remind us how right the overwhelming majority of IT experts who predicted the end of the computing world with the Y2K bug were?

It is correct that the number of people who believe something has no relevance to whether it is true or not. It is a much used logical fallacy.

However your example is a particularly bad one. Not only is it wrong, but Columbus did have a minority belief and he was wrong. Everyone relevant to Columbus knew the world was round because it had been proven beyond doubt a couple of thousand years before he was born. He wanted to sail west around the globe to China. He couldn’t get funding because people knew the size of the earth, not because they thought it was flat. Columbus believed the earth was smaller than it is. He did get funding and first hit land at roughly the Bahamas. He later sailed further south. He died believing that he had landed in Asia.

 

[Doon frae Troon]

Fun and games in Edinburgh where a group of folk at a rally told us to demand a second referendum on leaving the EU.
More or less the same group of folks who in 2014 told us to vote naw or an independent Scotland would be chucked out of Europe.

Seemingly they did this without blushing or having the slightest idea how two faced they were.

I think someone asked if the EU vote was to be considered as a once in a lifetime vote.

 

[Old Skier]

 

[Deleted member 15344]

Fun and games in Edinburgh where a group of folk at a rally told us to demand a second referendum on leaving the EU.
More or less the same group of folks who in 2014 told us to vote naw or an independent Scotland would be chucked out of Europe.

Seemingly they did this without blushing or having the slightest idea how two faced they were.

I think someone asked if the EU vote was to be considered as a once in a lifetime vote.

An Independent Scotland wouldnt be in Europe for them to be thrown out in the first place

Come on Doon - your factual posts are slipping up a little, surely you should be able to do better as you appear to be an expert on it

 

[Doon frae Troon]

The 'Peoples vote Scotland' speakers have received such a twitter backlash that they have all closed down their accounts.

They are/were totally out of touch with what is currently happening in Scotland and should have done a wee bit of research before opening their mouths.

 

[SocketRocket]

The 'Peoples vote Scotland' speakers have received such a twitter backlash that they have all closed down their accounts.

They are/were totally out of touch with what is currently happening in Scotland and should have done a wee bit of research before opening their mouths.

Are you a member?

 

[Old Skier]

Are you a member?

Dont be silly.

 

[SwingsitlikeHogan]

And so today Dominic Raab will lay out the government's contingency planning across many areas in the event of a No Deal - in other words he will lay out what a No Deal could look like.

Now wouldn't it have been nice if the electorate had been so informed before voting - because there is nothing today about the No Deal scenario (there is only one according to Art50) that was not known before the vote. But Leave dared not publish such analysis and when Remain raised the issues and concerns these were slammed and dismissed as Project Fear.

Well now today the government will tell us what No Deal could well look like in reality - and I might bet (if I bet) that it won't look that different to what was called Project Fear