U turn on school milk

11 Aug 2010

Quote by Staggerlee_BB
As i said look at the vodafone tax settlement and then tell me about government cut backs....

50 million......chicken feed

not good
but i think its a settlement based on how much the final legal bill would cost and could eventually cost the tax payer more money than 50 million if more legal battles were to continue
this isn't the fault of the government. it european law that's an ass and i very much doubt the government is any thing but happy about losing 50 million in an inherited battle that has probably already run into tens of millions
Where do you get 50 million from?? vodafone had put aside 2.2 billion for this...this government settled for bn....I make that just short of 1bn the government has thrown away...why was George Osborne prominently featuring vodafone in his recent trip to India ? (somewhere else vodafone owes a lot of tax to)...why if HMG is happy with bn are tax officials apparently furious at the settlement and the precedent it sets for other cases ?....all sounds like business as usual pile the cuts on those who can least afford and least deserve them use the proceeds to line the pockets of the multinationals to buy some nice big fat directorships....not a Thatcherite?....and my shit smells of roses....evils cunts these modern caring tories
and if the case had of been lost then the whole 2.2 billion pounds + legal fees would have been a greater loss
and don't forget this battle started and at one point was lost by blair the baffoon
i think this was a case of 50% of something was better than 50% of fuck all

11 Aug 2010

I think the fact that vodafone had put the money aside already speaks volumes about their confidence in their case....I think the fact that the tax officers are 'unhappy' about the settlement would suggest a degree of confidence on their part...I think the fact that it could well have set a precedent speaks volumes about this governments intentions....I think in fact the common man is fucked under this government

11 Aug 2010

Quote by Staggerlee_BB
I think the fact that vodafone had put the money aside already speaks volumes about their confidence in their case....I think the fact that the tax officers are 'unhappy' about the settlement would suggest a degree of confidence on their part...I think the fact that it could well have set a precedent speaks volumes about this governments intentions....I think in fact the common man is fucked under this government

don't forget the score was 1-1 the next gamble was an even`s contest with both sides having an equal chance of winning or losing i know i haven't got the balls to gamble with 2.2 billion
the money has to be put aside as you have to prove to the higher courts you have it if in the event you lose the case
don't forget the other precedent set and that is Luxembourg is no longer a tax haven so a few more will get clobbered now :thumbup:

11 Aug 2010

And Why was Osborne pleading vodafones case in India ?? ....This is not a case of cutting ones losses but one of capitulating to ones paymasters....or is it mere coincidence that the monies where owed due to a deal lead by ...... ....who just happens to be a donor to and advisor of the tory party ??

11 Aug 2010

Quote by Staggerlee_BB
And Why was Osborne pleading vodafones case in India ?? is not a case of cutting ones losses but one of capitulating to ones paymasters....or is it mere coincidence that the monies where owed due to a deal lead by ...... just happens to be a donor to and advisor of the tory party ??

british company dunno

as is Standard Chartered.
sir chris gent is now MD of glaxo smith cline so might have been brought in by either side to broker a deal
trouble is its all speculation and who knows what the out come may have been
its the old is the pint half empty or half full wink

11 Aug 2010

Quote by Staggerlee_BB
I think the fact that vodafone had put the money aside already speaks volumes about their confidence in their case....I think the fact that the tax officers are 'unhappy' about the settlement would suggest a degree of confidence on their part...I think the fact that it could well have set a precedent speaks volumes about this governments intentions....I think in fact the common man is fucked under this government

Possibly, but...
Show me one where we are not

11 Aug 2010

Quote by Bluefish2009
I think the fact that vodafone had put the money aside already speaks volumes about their confidence in their case....I think the fact that the tax officers are 'unhappy' about the settlement would suggest a degree of confidence on their part...I think the fact that it could well have set a precedent speaks volumes about this governments intentions....I think in fact the common man is fucked under this government

Possibly, but...
Show me one where we are not
:thumbup::thumbup:

11 Aug 2010

Quote by Lizaleanrob
I think the fact that vodafone had put the money aside already speaks volumes about their confidence in their case....I think the fact that the tax officers are 'unhappy' about the settlement would suggest a degree of confidence on their part...I think the fact that it could well have set a precedent speaks volumes about this governments intentions....I think in fact the common man is fucked under this government

Possibly, but...
Show me one where we are not
:thumbup::thumbup:
I don't really disagree...the question is accident or design. Intent...there's a good word

11 Aug 2010

Quote by Staggerlee_BB
I dunno blue--I aint one of the educated types.
I thought spending yer way out of economic downturns was the modern way and am surprised that we are going back to the old ways is all.

Like your self Ben, I am not educated, I do however know if I cant afford some thing I cant buy it though :sad:
Hmmm, so tell me.
If we can't afford playgrounds why have we promised tax cuts to companies for the next four years?
Feck me, I cant answer Bens question let alone yours.....
Could it be to help their cash flow so they might prosper and employ more people dunno

Can I point you in the direction of my final line in the above post....I think it may hint at an answer
i think this is because economic growth comes from companies not playgrounds dunno

11 Aug 2010

Quote by Lizaleanrob
And Why was Osborne pleading vodafones case in India ?? is not a case of cutting ones losses but one of capitulating to ones paymasters....or is it mere coincidence that the monies where owed due to a deal lead by ...... just happens to be a donor to and advisor of the tory party ??

british company dunno

as is Standard Chartered.
British company who's mission statement all but says they will avoid any tax they can (see earlier link)...is this the type of behaviour finance ministers of HMG should be endorsing ?
sir chris gent is now MD of glaxo smith cline so might have been brought in by either side to broker a deal
The deal he brokered was the one which lead vodafone to the courts in the first place not the one that kept them out of it....hubris is a very powerful motivator,what a blow for such a clever man to be rumbled....oh and to his professional rep. not to mention the large no. of shares I have no doubt he still has in vodafone.
trouble is its all speculation and who knows what the out come may have been
its the old is the pint half empty or half full wink

I think the pub may have closed and we're actually looking at that sad watered down bit in the bottom of the forgotten glass on the window ledge

11 Aug 2010

as it may be stagger but its not all bad and it may just turn out to be a sprat to catch a mackrel
as i mentioned earlier
precedent is now with the government and that will mean a whole lot more in previously lost taxes
vodaphone is a very small fish in a much bigger pond and now possibly the first of many
i only see a different view of it like you i don't agree with it but as a business man i also play the cat n mouse tax game we all do in a way
but on a much smaller scale and certainly not to the point of breaking the law or avoiding tax

11 Aug 2010

I may have misread it all but hadnt Vodaphone used up their appeal options. Why werent they just closed down as so many businesses are for non payment?

11 Aug 2010

I think the answer to that ben lies within the tories coffers

11 Aug 2010

oh and probably the lib-dems too

11 Aug 2010

Quote by Ben_welshminx
I may have misread it all but hadnt Vodaphone used up their appeal options. Why werent they just closed down as so many businesses are for non payment?

Because my phone would stop working :sad:

12 Aug 2010

Quote by Ben_welshminx
I may have misread it all but hadnt Vodaphone used up their appeal options. Why werent they just closed down as so many businesses are for non payment?

good answer bengy
lets put loads more people on the dole dunno

this was also not a case of non payment the money was there
the argument was if it was lawfully owed it's very different you know and given your self proclaimed accountancy experience you would know that i believe innocent

its because the law is unclear that this is one of many cases that expensively ends up in the high courts then supreme courts
i do believe then very next court in line regards hmrc and vodaphone was the last throw of the dice for both parties
our law is based on precedent which means hmrc can now chase billions of pounds of previously lost revenue
if the government had lost the case (remember judges are very unpredictable ) then companies would be lining up to trade from Luxembourg
with very little taxes paid to the uk (if one company owed 2.2 billion try to equate 2000+ bigger companies tax liabilities )

12 Aug 2010

I have looked over this thread and how the fuck did we get from milk to then Vodafone, and then taxes? lol

12 Aug 2010

Quote by kentswingers777
I have looked over this thread and how the fuck did we get from milk to then Vodafone, and then taxes?

Vodafone milking the system in order not to pay taxes dunno

12 Aug 2010

Quote by GnV
I have looked over this thread and how the fuck did we get from milk to then Vodafone, and then taxes?

Vodafone milking the system in order not to pay taxes dunno

Good reason GNV. wink

12 Aug 2010

Quote by GnV
I have looked over this thread and how the fuck did we get from milk to then Vodafone, and then taxes?

Vodafone milking the system in order not to pay taxes dunno

That is brilliant GnV :thumbup:

12 Aug 2010

Quote by kentswingers777
I have looked over this thread and how the fuck did we get from milk to then Vodafone, and then taxes?

I made a connection between the terrible waste of 5o million pounds on free milk for children and the apparently perfectly acceptable decision not to pursue nearly 1 billion pounds in unpaid taxes......paradoxical....now there's a word

12 Aug 2010

So stag are you saying the vodaphone settlement could have paid for school milk for the next 40 years assuming a yield based on long term gilts?

12 Aug 2010

Me Ben ?? I leave the maths to BB it's her speciality