Taxi Driver Online

Boots the chemist were today revealed in the Daily Mirror to have via financial shenanigans avoided £1 billion in tax .............clever eh


or fecking immoral

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So no interest in BOOTS little rip off .........................hardly surprising from the BOVINE sector

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All posts by this contributor are made in a strictly personal capacity

I AM PROUD TO BE A CITIZEN NOBODY'S SUBJECT http://www.republic.org.u

F88K EM ALL WHAT GOES AROUND COMES AROUND

BOOZE BOOZE BOOZE

It seems to be the norm and nothing is done about it. I would suggest most high ranking businesses are avoiding payment in some form

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Note to self: Just because it pops into my head does NOT mean it should come out of my mouth!!

your right toots but lets note our resident racists are struck dumb ................if it were a muslim nicking £20 or £30 grand theyd be posting like mad so where are yer Nidge Wanna jimbo ..........................oh i know fecked completely bovines

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All posts by this contributor are made in a strictly personal capacity

I AM PROUD TO BE A CITIZEN NOBODY'S SUBJECT http://www.republic.org.u

F88K EM ALL WHAT GOES AROUND COMES AROUND

BOOZE BOOZE BOOZE

Alliance Boots accused of £1.1bn tax avoidance


BOOTS' PARENT COMPANY has avoided more than £1.1bn of UK tax since 2008, according to trade union Unite and anti-poverty group War on Want.

According to the two groups, Alliance Boots was loaded up with loans from affiliates in low-tax jurisdictions during its 2007 buyout by private equity group Kohlberg Kravis Roberts & Co and the drug distributor's billionaire executive chairman Stefano Pessina. Last year US drugstore chain Walgreen Co bought 45% of the company.

In the year before the buyout, Boots posted healthy operating profits and had a tax expense of £181m. In the six subsequent years, the company had reported losses because of rising interest payments, causing a net tax credit of more than £130m, while intra-company loans have helped drive down liabilities.

There was no suggestion in the report that Alliance Boots had engaged in any unlawful activity.

Unite general secretary Len McCluskey said: "The revelation that yet another high street name is fleecing Britain, taking work from our NHS while avoiding their tax responsibilities, will leave taxpayers furious. Boots has deliberately woven a web to support its tax avoidance habit, the scale of which is so big it could have paid for two years' worth of prescription charges for everyone in England.

"Boots has abused the trust of the British public and must immediately come clean on its tax affairs, and act more responsibly towards this country."

For its part, Alliance Boots issued a lengthy dismissal, noting that neither Unite nor its partner charities contacted it during the compilation of the report.

There are, "significant inaccuracies", within the report, too, it added.

"Alliance Boots conducts its business and organises its tax affairs strictly in compliance with all applicable law (including legislation in the UK) and observes the highest standard of good ethics," it said. "We, together with our associates and joint ventures, currently have a presence in more than 25 countries and fully comply with local tax legislation in each country where we operate, including the UK."

http://www.accountancyage.com/aa/news/2 ... -avoidance

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Think of how stupid the average person is, and realize half of them are stupider than that.
George Carlin

In fairness its an old story, here's an article from January 2011 highlighting it -

http://www.theguardian.com/business/201 ... ncut-boots

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Think of how stupid the average person is, and realize half of them are stupider than that.
George Carlin

a re hash eh unlike the Daily Mirror still worth reading

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All posts by this contributor are made in a strictly personal capacity

I AM PROUD TO BE A CITIZEN NOBODY'S SUBJECT http://www.republic.org.u

F88K EM ALL WHAT GOES AROUND COMES AROUND

BOOZE BOOZE BOOZE

The former CEO of Boots who persuaded the shareholders to accept the buyout lives just up the road from here last time i picked him up after receiveing a multi million payoff from boots he had been made chairman of or was on the board of 5 other businesses many of whom are paying little Uk tax.

I think there needs to be some sort of International agreement that if you trade and have a large portion of your business in a country you must be headquartered in that country for tax purposes it's all too easy to have your factories in one country and your headquarters in Switzerland or ireland or the bahamas etc etc. and it is not just the UK that is getting stiffed on this

perhaps we should have 2 rates of VAT one for companies that pay UK tax and one for companies that don't I'm sure if starbucks suddenly had to pay 30% vat on their coffee and costa didn't their UK division might suddenly be headquartered in the UK and pay UK tax

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lack of modern legislation is the iceberg sinking the titanic of the transport sector