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Reply to: Pay no tax for 60 years.
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Previously on "Pay no tax for 60 years."
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That's slightly misleading as it is only true for Corporation tax. They will be paying other taxes such as National Insurance, and of course their employees will pay income tax and NI.
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Originally posted by HairyArsedBloke View PostJust loose 16 Billion quid and right it off in the years following
write
sorry
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Originally posted by BrilloPad View PostBut those "losses" are only on paper? Or aren't they?
Interesting article and it implies that the Corporation tax they will offset against these losses would have been higher in other countries, little bit surpriised they'd channel it through the UK in those circumstances.
Clever tax move though and a good finger up the chancellors nose.
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Originally posted by HairyArsedBloke View PostJust loose 16 Billion quid and right it off in the years following.
FT: Merrill set to avoid UK tax after $29bn loss
The lefties are going to love this one.
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Pay no tax for 60 years.
Just loose 16 Billion quid and right it off in the years following.
FT: Merrill set to avoid UK tax after $29bn loss
The lefties are going to love this one.Tags: None
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