04-12-14, 12:00 AM
(This post was last modified: 04-12-14, 12:29 AM by lew600fazer.)
Now why did it not surprise me that Starbucks would be the one that came up. All they are doing is using the rules as they are written. But at least this government has obviously had a word.
Starbucks expects to pay corporation tax on profits in the UK after electing to move its European headquarters from the Netherlands to London. The coffee chain, which has been at the centre of a blazing row over tax avoidance by multinational corporations, has announced plans to move senior management to its UK offices, as well as making Britain the base of its intellectual property rights. This means that the sizeable royalty payments Starbucks currently siphons to its Dutch base from the company’s divisions across Europe, including the UK, will instead by transferred to Britain. It therefore expects to declare a profit in the UK in the coming years, in contrast to the consecutive losses the unit has posted in the last decade.
I agree it is not right that bean counters can manipulate how and when they decide they make a profit or loss. All companies do that.
I do not understand accounting, but lets say BP expect to make £1 billion profit for 2014 but they actually only make £750 million, so really as far as they are concerned they have a short fall of £250 million. I am sure some bean counter will turn that around so they can say they actually made a loss of £250 million.
On the subject of keeping pushing for another scottish vote. if in the next UK parliment there is a vote in the house that Scotland will not be allowed to hold another vote for 25 years. Are the nationalists in Scotland prepared to go down the road that Nationalists did in N Ireland ?I really fear for the innocents of that land if they are led into a conflict like we had to suffer for and still do in N Ireland. Be very very careful that stupidity does not ignite the blue touch paper because once that fuse is lite you will not be able to extingiush it. Do not be in a rush to go down that road. Please do not be foolish enough to think that Scotland could not have internal strife and border on civil war like we have for the last 45/50 years. I am nearly 66 now and that lot over there kicked off good time in 1967.
When the result was announced in the recent vote, there where scenes between the yes/no crowds nearly becoming violent. It could only take one such incident to kick it off.
In N Ireland we had a a certain so called man of God gathered a crowd of so called loyalists and marched them up the lower Falls road and removed a Republican Flag from offices of a political party. That was all that was required to start the bomb ticking.
The result of that and a lack of discipline in controlling troops on the streets of Londonderry in 1972 lead to over 3500 deaths. The % of the population killed or injured equates to 2%.
Be under no illusion the same thing could happen in Scotland , just remember it will not be like an OLD FIRM game that everyone will go home after 90 minutes.
Starbucks expects to pay corporation tax on profits in the UK after electing to move its European headquarters from the Netherlands to London. The coffee chain, which has been at the centre of a blazing row over tax avoidance by multinational corporations, has announced plans to move senior management to its UK offices, as well as making Britain the base of its intellectual property rights. This means that the sizeable royalty payments Starbucks currently siphons to its Dutch base from the company’s divisions across Europe, including the UK, will instead by transferred to Britain. It therefore expects to declare a profit in the UK in the coming years, in contrast to the consecutive losses the unit has posted in the last decade.
I agree it is not right that bean counters can manipulate how and when they decide they make a profit or loss. All companies do that.
I do not understand accounting, but lets say BP expect to make £1 billion profit for 2014 but they actually only make £750 million, so really as far as they are concerned they have a short fall of £250 million. I am sure some bean counter will turn that around so they can say they actually made a loss of £250 million.
On the subject of keeping pushing for another scottish vote. if in the next UK parliment there is a vote in the house that Scotland will not be allowed to hold another vote for 25 years. Are the nationalists in Scotland prepared to go down the road that Nationalists did in N Ireland ?I really fear for the innocents of that land if they are led into a conflict like we had to suffer for and still do in N Ireland. Be very very careful that stupidity does not ignite the blue touch paper because once that fuse is lite you will not be able to extingiush it. Do not be in a rush to go down that road. Please do not be foolish enough to think that Scotland could not have internal strife and border on civil war like we have for the last 45/50 years. I am nearly 66 now and that lot over there kicked off good time in 1967.
When the result was announced in the recent vote, there where scenes between the yes/no crowds nearly becoming violent. It could only take one such incident to kick it off.
In N Ireland we had a a certain so called man of God gathered a crowd of so called loyalists and marched them up the lower Falls road and removed a Republican Flag from offices of a political party. That was all that was required to start the bomb ticking.
The result of that and a lack of discipline in controlling troops on the streets of Londonderry in 1972 lead to over 3500 deaths. The % of the population killed or injured equates to 2%.
Be under no illusion the same thing could happen in Scotland , just remember it will not be like an OLD FIRM game that everyone will go home after 90 minutes.
MT-09 Tracer for those who no longer can handle a BIG boy Fazer