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Formula One pays just £1million corporation tax on £300million profit
#25
I've never said it's illegal, I've never said they are breaking the law, nor has any of the articles that I have read about it, or the one I linked to said so either.

They are doing it becuase they can, and becuase they are allowed to.  And in my opinion, as I've said all along, the blame lies with our government.  They have as far as I can see spouted much hot air but taken no real effective action.    The way things are going they may as well scrap corporation tax.

Clever?  Sure, but I'd say cosy, when the very accountants that they use are also government tax consultants!

What I don't get is why you think that the rich should not have to pay any tax on their vast wealth and income, whilst you and I, along with the vast majority of folks here on this forum get taxed to the hilt.

As as I've said I'm happy to pay my tax, but not when Bernie and his chums don't have to.
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Re: Formula One pays just £1million corporation tax on £300million profit - by VNA - 28-07-13, 08:40 PM

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