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 Post subject: Tote going offshore
PostPosted: Fri Jan 14, 2011 7:59 pm 
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Joined: Wed Feb 24, 2010 2:59 pm
Posts: 2737
Location: N Wales Compound, EUKSSR
I assume most of you will have read this story. Am I alone in thinking 'wtf?' - a state-owned company wishes to avoid paying UK taxes to the UK government, so it's moving offshore to pay taxes to another government, presumably in order to provide a more efficient return to it's shareholder (which would be the UK government).

I'm probably being horrendously obtuse about this, but can somebody please explain to me what the hell is going on here?

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Soppy anti-British, pro-crime, anti-education, pro-immigration, anti-family nonentity


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 Post subject: Re: Tote going offshore
PostPosted: Sat Jan 15, 2011 2:11 am 
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They want to sell it off and presumably the move is with that in mind


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