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McDonalds to move from Luxembourg to the UK


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Old 08-12-2016, 15:55
Jellied Eel
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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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Old 08-12-2016, 15:58
onecitizen
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Good news for those who see the future of the UK as being a tax haven for corporate offices.
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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Old 08-12-2016, 16:03
Cheetah666
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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..
They do in continental Europe, you can buy beer and wine in McDonalds.
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Old 08-12-2016, 16:04
Cheetah666
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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.
You do realise this major international company HQ employs 13 people and hasn't paid any tax since 2009?
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Old 08-12-2016, 16:05
trevgo
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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
Pah. I bet you've had un burger Royale avec fromage in your time.
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Old 08-12-2016, 16:14
onecitizen
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You do realise this major international company HQ employs 13 people and hasn't paid any tax since 2009?
It's much better for the UK that they are paying taxes here in future and are based in London rather than elsewhere though. Along with the huge investment in London from Apple and Google it's both the symbolically important commitment alongside the financial boost it provides.
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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Old 08-12-2016, 16:22
Bacon&Eggs
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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?
Time to spam Cheeky chappy Osbornes attempt at that awkward moment when half way through a conversation point you realise that ending the point may end your career.

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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Old 08-12-2016, 16:43
grassmarket
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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..
Oops someone got there before me on this one.
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Old 08-12-2016, 17:09
Kiteview
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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.
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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Old 08-12-2016, 17:13
Glyn W
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Sorry

Does anyone know how much revenue this may bring in ?
What's the betting they use Amazon/Google/Starbucks accountant..?
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Old 08-12-2016, 17:20
LostFool
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What's the betting they use Amazon/Google/Starbucks accountant..?
Quite a good chance actually as most corporates will use one of the Big Four accountancy firms.
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Old 08-12-2016, 17:26
Tanky
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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.
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.

There are also two significant pieces of legislation on the near horizon which are focusing multinational minds.

The 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.
http://www.bbc.co.uk/news/business-38255087

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.

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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Old 08-12-2016, 17:28
andy1231
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Wait a minute, didn't the remainers say that the exact opposite would happen ?
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Old 08-12-2016, 17:41
grassmarket
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Wait a minute, didn't the remainers say that the exact opposite would happen ?
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.
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Old 08-12-2016, 17:49
Eurostar
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Wait a minute, didn't the remainers say that the exact opposite would happen ?
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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Old 08-12-2016, 17:53
gallag
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Brexit Britain's cup does runneth over with good news!
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Old 08-12-2016, 18:21
Tanky
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Old 08-12-2016, 18:22
Tanky
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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.
Are the Chinese chav end?

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.

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.
They would still pay tax to the UK government, but it'll be a given that it won't be the full amount. However, the UK government will be gaining tax revenue from their move. They can't pay zero tax, unless they have the Luxemburg deal, which the UK doesn't. So how won't it be a good thing? When the UK gain tax revenue?
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Old 08-12-2016, 18:40
MargMck
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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.
Oh how I love this post.

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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Old 08-12-2016, 18:43
Bacon&Eggs
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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.
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.

http://www.bbc.co.uk/news/business-38255087

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.
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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Old 08-12-2016, 19:05
Tanky
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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.
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 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.
The UK will gain tax revenue, as they have to pay some tax, they can't pay zero tax.
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Old 08-12-2016, 19:14
howard h
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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.
Hopefully some of it will filter down to the NHS to treat obesity....
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Old 08-12-2016, 20:04
onecitizen
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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.

Needless to say that won't do much for the economically depressed areas that voted Leave.
The most "depressed" parts of the UK are still ahead of many parts of southern Europe who are in the EU. The panacea that the EU represents to some people isn't a reality.
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Old 08-12-2016, 20:09
Icaraa
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i think that says more about the area in which you live.
Indeed, our McDonalds has all sorts of people in. Including lots of people in suits popping in for a latte or whatever.
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Old 08-12-2016, 20:15
kidspud
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Hopefully some of it will filter down to the NHS to treat obesity....
'Treat obesity'. I think that should be self help, not the nhs.
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