Tuesday, November 11, 2008

Is tescos boss looking to be next PM???

Tesco CEO calls for review of UK business rates

Tesco (TSCO.L: Quote, Profile, Research), Britain's biggest retailer, has called for changes in the way business rates are calculated in Britain, saying the current system unfairly hits store groups and should be reformed to encourage investment. *******hmmm how unfair is tescos to suppliers and local corner shops??********

Posted by mark @ 01:47 PM (687 views)
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7 thoughts on “Is tescos boss looking to be next PM???

  • Tescos not only sets interest rates it now taxes us!

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  • Didn’t he just demand drastic rate cuts from the MPC? It worked once, maybe we will be getting GB to give tax breaks to large multi-national CEO’s…….my mistake he already does give large tax breaks to CEO’s of large multi-nationals, they’re called bail-outs.

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  • a lot of supermarkets get rates breaks etc……

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  • The disgusting monopoly that is Tesco should be broken up in the interests of fair play and proper competition.

    If I were running it I’d keep my head down and try not to draw any attention – like Tesco needs a tax break. Needs a windfall tax more like.

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  • Tesco’s is talking about business rates, officially known as National Non-Domestic Rates.

    Here’s the important bit:
    “UK business rates are linked to the value of the properties occupied by companies.”

    As Mark Wadsworth and the LVT crowd will tell you, taxation based on property value promotes the efficient use of land. Darling can cut all the other taxes but this particular one should be last on his list.

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  • Well said drewster!

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