egafd.com

No surprise re. Branson. He already has a criminal conviction for tax evasion going back to his Virgin Records days.

In 2011 he relocated Virgin Enterprises from the UK to Geneva as part of a well worn transfer pricing scam.

"I do believe Mr Branson pays many many millions in UK taxes...unlike some prominent Nu Labor backers...".

Now I realise Argie that comments such as this made down the Golf Club by working class, public sector workers like yourself hoping to rise socially might go down well. However even you Argie must accept that having a number of employees in the UK paying tax does not give you a free pass to avoid huge amounts of corporation tax by moving offshore.

As part of your rites of passage from totally flummoxed working class bloke to at least knowing your arse from your elbow, here's a little bit about why Branson moved parts of his business from the UK to Geneva.

Shifting a brand offshore is a classic abusive transfer pricing move to avoid tax. Here's what happens.

First, the offshore subsidiary that owns the brand charges huge fees to other parts of the company - fees that it's very hard for Revenue authorities to challenge (just how much, exactly, is Virgin's brand worth?). Next, that offshore subsidiary makes huge profits, by virtue of charging those huge fees. But because it's in a tax haven, it pays little or no tax on those profits. And as for the 'onshore' subsidiaries in high-tax countries: well, they can then offset those huge fees as costs, against tax, cutting their tax bill.

Hey Presto! A tax bill evaporates!

Easiest things in life to do.

1 Breath. 2. Annoy David Johnson.

Bites faster than a hungry Hyena.....reel em in reel em in...

3. Take the piss out of Argie.

It's all a game Argie. You think you are the only person who realises that!

Good grief!

"Bites faster than a hungry Hyena.....reel em in reel em in..."

Yep, you have come out with this before, but probably forgotten so I will give you the same answer as before.

Argie, you have been posting right wing crap for years. Now there seems to me to be two possibilities here:

1. You are not right wing but have come out with all this right wing crap for years as part of an act to irritate what you would probably regard in your alter ego form as Guardian reading socialists. In short that makes you a sad fuck.

2. You are right wing but because you are absolutely piss poor hopeless at defending your views, you make out it is an act. In short that makes you a sad fuck.

Given you have come out with this "reel em in" act at least twice before, the only possible solution is you are a sad fuck with a memory problem.

!wink!

"Yeah, right!".

Are you seriously telling me Davy boy that you have not searched for something and another subject matter had come up in the suggestions list?. You must be the only one!!.

"Jeez. What's a matter with you? Don't they have the Jeremy Kyle show in your area"

Now, this I have never seen, heard it being talked about plenty but never witnessed an episode.

I will stick with Skint for the time being, it just cracks me up to see how hopeless these twats are!!. Round and round in circles like little hamsters in a wheel, in and out the pawn shop week after week.

Why don't we just give them enough cheap cider and methadone to kill themselves and save the country a fortune!!!!. !grin!

Ouch ouch he bites again. Tee hee.

!laugh! !laugh! !laugh! !laugh!