Tuesday, February 27, 2007
More tax for individuals to pay
Private equity firms beat the Revenue
Five of the 10 largest private equity-owned companies in the UK effectively paid not a single penny of UK corporation tax in 2005/06.
Posted by sold 2 rent 1 @ 09:39 AM (562 views)
10 thoughts on “More tax for individuals to pay”
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harold says:
Fun on the stock market this morning. (slightly off topic – sorry)
bingo says:
yes, whats crackin there??
sold 2 rent 1 says:
Share sale knocks Chinese market
http://news.bbc.co.uk/1/hi/business/6399941.stm
bingo says:
Yep, also according to the Times Online, Alan Greenspan had apparently stated the US economy ‘could’ be headed for a recession at the end of ’07. I thought it could be a black Tuesday but it looked like it bounced.
inbreda says:
am I right in thinking that these private equity firms fund the labour party? They really have made a mess havent they
bingo says:
Some of them are donors, probably looking for honours… But it helps to fund the party in power to limit the number of awkward questions being raised about taxes, job cuts, foreign ownership, accounting irregularities, workers rights etc. etc. You just have to read up on the Debenhams ‘scandal’ to get a good insight into the shady world of the Private Equity Fund.
dohousescrashinthewoods says:
A decent summary here: http://www.ft.com/cms/s/399a04c8-c643-11db-be1a-000b5df10621.html
I think, considering that Mr Greenspan is king positive, the admission of a “might” suggests big time trouble ahead.
bingo says:
looking forward to the US markets opening up today,, could be a laugh..
harold says:
could be a laugh – could be a blood-bath. FTSE off over 2% already.
bingo says:
They are dumping already in the States, about 1hr gone and off by over a point…