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McDonalds to move from Luxembourg to the UK |
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#51 |
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Join Date: Dec 2005
Location: In a jar, on a shelf
Posts: 31,672
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Quote:
Junkerfood.
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#52 |
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Join Date: Dec 2005
Posts: 4,343
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Good news for those who see the future of the UK as being a tax haven for corporate offices.
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#53 |
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Join Date: Feb 2013
Posts: 7,573
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It's ok.. Junker and most EUrocrats wouldn't be seen dead eating there. Especially as they don't have alchohol licences..
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#54 |
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Join Date: Feb 2013
Posts: 7,573
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If it had been the other way round and a major international company had been moving their HQ away from London a lot people would be squealing it was all down to the Brexit vote.
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#55 |
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Join Date: Apr 2009
Location: Leafy London
Posts: 20,380
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I have never eaten a McDonalds or eaten or drunk anything else from McDonalds in my life but I am happy they will be paying UK corporation tax
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#56 |
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Join Date: Dec 2005
Posts: 4,343
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You do realise this major international company HQ employs 13 people and hasn't paid any tax since 2009?
I voted remain but I have accepted the decision of the majority, we are all on the same ship, HMS Independent UK, and if the ship sinks we all drown. |
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#57 |
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Join Date: Nov 2011
Posts: 4,806
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Yeah, in the same way that Justin Bieber is the finest recording artist known to man.
What else would you expect from a government full of tax dodging shitehawks? ![]() Boris's recent version of "Oh Crap, get me out of here" is slightly more likely to get him the sack but Osbornes "im a ****" face gives me endless replays of fun. ![]() Iv spammed this 5 times. I cant help myself.. |
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#58 |
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Forum Member
Join Date: Aug 2000
Location: Edinburgh
Posts: 23,319
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It's ok.. Junker and most EUrocrats wouldn't be seen dead eating there. Especially as they don't have alchohol licences..
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#59 |
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Forum Member
Join Date: Jun 2014
Posts: 1,812
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If it had been the other way round and a major international company had been moving their HQ away from London a lot people would be squealing it was all down to the Brexit vote.
Now that the EU is investigating them, they move here in the expectation that we'll end up outside the EU as a giant offshore tax haven. Needless to say that won't do much for the economically depressed areas that voted Leave. |
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#60 |
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Join Date: Jun 2005
Posts: 3,564
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Sorry
![]() Does anyone know how much revenue this may bring in ? |
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#61 |
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Join Date: May 2005
Posts: 59,682
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What's the betting they use Amazon/Google/Starbucks accountant..?
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#62 |
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Join Date: Mar 2014
Posts: 1,712
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It probably is down to the Brexit vote.
Now that the EU is investigating them, they move here in the expectation that we'll end up outside the EU as a giant offshore tax haven. Quote:
There are also two significant pieces of legislation on the near horizon which are focusing multinational minds. http://www.bbc.co.uk/news/business-38255087The first is a clampdown on Base Erosion and Profit Shifting or "BEPS" for short. It is a tax avoidance strategy where profits are artificially shifted within companies from jurisdictions that have high taxes to jurisdictions that have low or in some cases no taxes. It's designed to keep profits in the country where they were REALLY generated. The second is country-by-country reporting. This will force companies to list all profits and taxes paid in every country in which the company has a presence. This will make it almost impossible for companies and countries to strike secret deals, as they will be visible to other governments who might scream blue murder. The tax heat is being turned up all over Europe and McDonald's has decided to flip before it gets flame grilled by authorities and public opinion. Plus the UK has one of the lowest corporation taxes in the world, which will draw businesses in. People may argue, why not Ireland? The BBC article goes on to explain that too, that companies could end up like Apple, and faced with a court battle over paying the Irish government. Quote:
After the furore over Apple's tax affairs - the so called "double Irish" deal that saw Apple pay minimal taxes on billions of international profits - and the move by the EU to force Ireland to collect €13bn in back taxes (currently under appeal) - it could be argued that a move to Ireland is not keeping your head down.
With McDonald's move, this could be the first of many companies. Not that it's a good thing to avoid taxes, but it's clearly a competitive edge to gain business. People also forget, that it's a global economy, and the EU is too inflexible to see that. The way I see it, is that the UK can give way better deals in the future, that the EU can't due to their restrictions and trying to keep everyone equal. This itself is preventing members to compete with countries outside the EU.
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#63 |
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Join Date: Feb 2010
Posts: 3,464
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Wait a minute, didn't the remainers say that the exact opposite would happen ?
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#64 |
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Join Date: Aug 2000
Location: Edinburgh
Posts: 23,319
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Wait a minute, didn't the remainers say that the exact opposite would happen ?
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#65 |
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Join Date: Nov 2002
Location: Dublin
Posts: 51,606
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Wait a minute, didn't the remainers say that the exact opposite would happen ?
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#66 |
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Join Date: Jul 2015
Posts: 276
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Brexit Britain's cup does runneth over with good news!
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#67 |
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Join Date: Mar 2014
Posts: 1,712
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Delete
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#68 |
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Join Date: Mar 2014
Posts: 1,712
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Although tourist numbers are rising in a statistical sense, they are at the chav end of the market, not the kind of classy tourists we need. And so on.
The Chinese are some of the wealthiest in the world, and they are spending a bucket load in the UK. They only buy designer high end goods, as they don't want the cheap stuff, they can get back in China. Quote:
It all depends on why the likes of McDonalds are coming. If they're simply relocating to the UK in order to avoid paying tax and not because they think it's a good place to do business, that's not necessarily a good thing.
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#69 |
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Forum Member
Join Date: Jul 2012
Posts: 17,637
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Yeah, but they're not weally wrong. All their predictions are actually coming true. Companies are leaving in a spiritual sense. Britain is becoming morally, not materially, bankrupt. Although technically unemployment is falling, not rising, that just means that more people are emotionally unemployed. Although tourist numbers are rising in a statistical sense, they are at the chav end of the market, not the kind of classy tourists we need. And so on.
Anyway, here we are with more positive news for Remainers to somehow pretend is yeah but, no but, yeah but, bad news. |
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#70 |
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Forum Member
Join Date: Nov 2011
Posts: 4,806
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That's quite correct. This article is a very interesting read, as the EU plans to implement 2 new policies, that makes the UK, a place to evade the EU. It's really the EU's own doing.
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http://www.bbc.co.uk/news/business-38255087 The benefits of "Gaining business" aren't as clear cut as they use to be so what benefits do you see for the UK in this? it's really not obvious to me and you've listed none. You've only listed the advantages for Mcdonalds.
Plus the UK has one of the lowest corporation taxes in the world, which will draw businesses in. People may argue, why not Ireland? The BBC article goes on to explain that too, that companies could end up like Apple, and faced with a court battle over paying the Irish government. With McDonald's move, this could be the first of many companies. Not that it's a good thing to avoid taxes, but it's clearly a competitive edge to gain business. People also forget, that it's a global economy, and the EU is too inflexible to see that. The way I see it, is that the UK can give way better deals in the future, that the EU can't due to their restrictions and trying to keep everyone equal. This itself is preventing members to compete with countries outside the EU. |
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#71 |
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Forum Member
Join Date: Mar 2014
Posts: 1,712
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Erm. The sheriff puts a wanted poster up, the bad guy fleas and you think the Sheriff is kicking himself? Not only that but you welcome the bad guy with open arms and tell him to bring his posse too.
In any case, if they don't come to the UK, they would have found another country to do business. Quote:
The benefits of "Gaining business" aren't as clear cut as they use to be so what benefits do you see for the UK in this? it's really not obvious to me and you've listed none. You've only listed the advantages for Mcdonalds.
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#72 |
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Forum Member
Join Date: Mar 2007
Location: Gtr Manchester UK
Posts: 7,918
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You make it out as though the only villain is the company, what about the governments who make these deals? The companies haven't broken any of the laws, and it's all created by the governments.
In any case, if they don't come to the UK, they would have found another country to do business. The UK will gain tax revenue, as they have to pay some tax, they can't pay zero tax. |
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#73 |
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Forum Member
Join Date: Dec 2005
Posts: 4,343
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Quote:
It probably is down to the Brexit vote.
Now that the EU is investigating them, they move here in the expectation that we'll end up outside the EU as a giant offshore tax haven. Needless to say that won't do much for the economically depressed areas that voted Leave. |
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#74 |
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Forum Member
Join Date: Feb 2013
Posts: 1,727
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Quote:
i think that says more about the area in which you live.
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#75 |
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Forum Member
Join Date: May 2010
Posts: 11,490
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Quote:
Hopefully some of it will filter down to the NHS to treat obesity....
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