The latest ignorant story on corporate tax:
Downing Street faces more flak over company tax arrangements after it emerged that a major Government contractor is funnelling profits into an offshore haven.
Telereal Trillium has a £3.2?billion contract to manage buildings such as job centres for the Department for Work and Pensions. It also manages property used by the DVLA.
While the company paid full UK corporation tax last year, it funnelled £163?million of its post-tax profits in the form of share dividends into a parent company based in the British Virgin Islands where there is a zero rate of income and corporation tax.
Those, those bastards! You mean they paid the full amount of tax due and then took the remainder home? What cunts eh?
Speaking of which:
And Richard Murphy, director of Tax Research UK, said: ‘The Government says it is committed to transparency. That means it should only buy from companies in places where we can find out who the real owners are, which you can’t in the British Virgin Islands.’
There are other ways. Like looking at Trillium\’s own web page:
Telereal Trillium ordinary shares are owned by the B Pears 1967 Trust and William Pears Group EBT; preference shares are held by The William Pears Group and the William Pears Group EBT.
I assume, but don\’t know, that this is this lot. And at least one, possibly three of those, aren\’t actually taxable anyway. Plus one of them seems to be very similar indeed to Margaret, Lady Hodge\’s set up.
But what bastards, eh? Paying all the tax that\’s due! Taxpaying bastards is bastards now, eh?