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Asda back in British ownership!

  • Thread starter Thread starter JP_
  • Start date Start date
This is a piccy of the farmhouse (I think, might be wrong, but my parents have a painting of it)

This is obviously how it looks now, you don't want to know what it last sold for. I know :cry:

img_15_1_large.jpg
 
I like the Euro Garages. They are like motorway services without the stupid prices. Good luck to them with Asda.
 
JohnD said:
Just to check, do you mean it us now owned by British citizens who pay UK taxes?

If true, that would be fine.

Is it?
Click to expand...
Nope...

"The billionaire brothers who bought Asda for £7billion were last night facing questions over their decision to transfer ownership of the British supermarket to a controversial tax haven.
Under the deal struck by Mohsin and Zuber Issa, who were made CBEs in the Queen's Birthday Honours list, the grocer will be legally controlled by a parent company based in Jersey.
Experts yesterday said there were several benefits to operating from the Crown dependency, which charges a corporate tax rate of zero"

"It would also mean the parent company does not have to disclose its accounts publicly, and the Issas would pay no capital gains tax if they decided to sell Asda at any time.
But the move could prove controversial after Jersey was accused of being 'up there with the worst' of the world's tax havens."
 
Notch7 said:
They new owners have promised Asda taxes will be paid in full in the UK
Click to expand...
Kind of at odds with moving the holding company to a tax haven wouldn't you think?

What they probably mean is that Asda employees will pay their taxes, whilst they take advantage of the loopholes conveniently made available to them (n)
 
Notch7 said:
They new owners have promised Asda taxes will be paid in full in the UK
Click to expand...
All the taxes due will be paid. The trick is minimising the amount due.

They're business men, if we as a nation wanted them to pay tax then we'd make them do it.
 
IT Minion said:
if we as a nation wanted them to pay tax then we'd make them do it.
Click to expand...
I'm sure that the vast majority of the nation would want them to pay their fair dues...

Unfortunately the tiny minority with the power make sure that it doesn't happen...

And there is nothing that can be done about it...

Until of course a so far unknown 'final straw' causes civil disobedience on a massive scale...

Given the events of the last few years, I reckon that it's not far off!
 
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