Margaret Hodge's family company pays just 0.01pc tax on £2.1bn of business

[doodab]

I paid 0% tax on my personal income last year of ~£42K (combo of salary + dividends).

Do I get a prize?

Actually you paid 10% tax on most of it, but you paid it with a tax credit.

[minestrone]

Oh dear. They were German Jewish, that's why they left. Top daily mail reporting that.

farce

[AtW]

Plenty of companies turn over billions and make a loss. Are you sure you're cut out for this business lark?

So you think people run businesses with a loss are somebody good businessmen?

Only in a sense of avoiding paying taxes maybe

[AtW]

Actually you paid 10% tax on most of it, but you paid it with a tax credit.

Corp tax surely is 20% for wee businesses?

[SueEllen]

No surprise there. Margaret Hodge - Wikipedia, the free encyclopedia

Yet another fu-3ing name changing foreigner in the government working for their own gain.

An easy way for a woman to change her name is to get married. Even if she gets divorced unless she is about to get remarried she can choose to keep that guy's name. Cheryl Cole is an example of this.

[kingcook]

Corp tax surely is 20% for wee businesses?

He's talking about the 10% tax credit on the dividend, not the 20% rate of corp tax.

[Doggy Styles]

So you think people run businesses with a loss are somebody good businessmen?

Only in a sense of avoiding paying taxes maybe

You're doing it again. You missed the point that tax is paid on profits, not on turnover.

If tax was paid on turnover there would be very few businesses left, because the tax would far exceed profits, resulting in perpetual losses.

[Bunk]

"Stemcor was founded by Mrs Hodge’s father Hans Oppenheimer more than 60 years ago."

They pick out the German sounding name...

"more than 60 years ago"

...so that would have been in the 40s.

Yup, she is nazi by derivation and should pay more tax.

Pile of tulipe.

The name Oppenheimer also brings to mind the Manhattan Project. Therefore she's also involved in building weapons of mass destruction.

This shoddy journalism malarkey is easy

[xoggoth]

I see the linked page has gone from the DT. Never mind, you can usually find details of all the dodgy things our lords and masters have been up to David Icke's page. The giant lizard stuff is not important in my view, I think he does the British public a great service.

[AtW]

You're doing it again. You missed the point that tax is paid on profits, not on turnover.

I did not miss anything - company with billions turnover should be making sizeable profits (and pay corp tax on those) or go bust. If such company isn't making profits for shareholders then board of directors should be fired.