This week there was a report in the press on how Google has bought a sizeable bit of land in Kings Cross and intends to build it's UK HQ on the plot.... Once completed this will have a value in excess of £1 Billion.

http://www.theverge.com/2013/1/18/38898 ... oss-london

Much will be trumpeted on how google in investing in the UK and bringing jobs to our shores and it would be churlish to deny this. But let's examine how one of the wealthiest company's in the World might achieve this purchase.

Google do not need to move a single cent into the UK. Buy the place with a loan from a UK bank (actually, do not even do that if you want to - any bank will do). Straight away, BONUS as the daily interest comes straight off profits on which corp tax would be assessed.

Next, set up the repayments to go to a subsidiary of that bank in another jurisdiction. Pay the repayments from your Google UK offshore account somewhere nice. BONUS actually get another one of your Google subsidiary to handle the payments and charge 1% for the service to your Google UK business - further push corp tax down. If you want to, build a currency fix in there that again gains the bank a few cents in the dollar and protects google from a collapsing pound/dollar/whatever.

BONUS for the bank that made the loan - their receiving offshore subsidiary can charge to repatriate the loan repayments monies to the UK business, reducing corp tax for the UK bank.

So - without Google moving a penny across the UK borders, it gains a major piece of real estate in the UK, reduces it's tax bill, and can claim the high ground in bringing jobs to the UK.

Rinse and repeat for all major Corps!!

And you can see why the UK Government is so screwed...

Good on them , its legal
why don,t more UK companies do it
in fact we all do it , we buy goods in shops for the cheapest price
then moan about the failing high street shops , you can see local shop owners shopping in Tesco etc

Very noble but where do you think the Government turns too when they have to make up the shortfall to pay all the benefits and allowances ect?

Britain already has some of the highest taxation rates in the world on its citizens.

Remember VAT went from 17.5 to 20% to 'cut the deficit'!! Well that's just it they are not cutting it they have merely slowed the rate at which it was increasing!!

This is where it is all going...

http://www.dailymail.co.uk/news/article ... efits.html



And when the borders open up to the rest of the Union like Bulgaria and Romania we are going to face huge tax increases to pay for it.....

easy fix , no payments unless you have lived here for 10 years , and are a British citizen

Add, and worked and fully paid into the system.

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Posts often deleted................Why? I don't know.

The answer(s) are simple but this Gov can't be seen to upset Brussels.

We just need to model ourselves on Australia or Canada

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Lets be careful out there !

You're welcome to our government, they are dead scared of upsetting Indonesia, the Greens, the Poofs, and any other minority group including Land Right for Gay Whales lobbyists.

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When a crash seems inevitable, try to hit the softest, cheapest object in the vicinity as slowly and gently as possible.

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Its not always the biggest and the bestest, its them that make the least mistakes.

You're right.

What we need to be very careful of at the next election is not to vote Labour back in because the Tories are running scared. I can see both of them doing well but I would love to see UKIP hold the controlling vote in a hung parliament.

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Lets be careful out there !

The state of which the Country has degenerated over the past fifty years, with Micky Mouse policies on one cock-up after another, Parliament should be abolished on a party system, and run by a committee of retired businessmen with a proven track record.

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Its not always the biggest and the bestest, its them that make the least mistakes.