David Gill,cheeky bastard

Sir Tennisball · Sep 7, 2012

Boom.

Paulpowersleftfoot just took a left hook.

Cantbearsedwithnot606now · Sep 7, 2012

Swarbs said: ↑

A common misconception. Utds assets are all in the UK, so they continue to pay UK tax on their profits (if we ever make any). Moving the parent company office to the Cayman Islands makes not a blind bit of difference - that's purely a way for the owners to keep their affairs more secret. Listing on the NYSE will increase our tax burden if anything:

http://www.express.co.uk/posts/view...double-tax-bill-if-it-moves-to-Cayman-Islands

The only reason we haven't paid much corporation tax since about 2005 is the tax credits we have run up due to losses from the debt. Hardly a 'hefty financial advantage', particularly compared to City and Chelsea who don't make any profits and hence don't pay any tax at all.
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^^ This, absolutley spot on.

David Gill,cheeky bastard

Sir Tennisball Well-Known Member

Cantbearsedwithnot606now Active Member

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David Gill,cheeky bastard

Sir Tennisball Well-Known Member

Cantbearsedwithnot606now Active Member

Share This Page