Royal Bank Of Scotland Share Discussion Threads

[jazza] 21/5/2013 09:00

beep beep whirr

[avatar333] 21/5/2013 08:54

That first paragraph is bang on.

[jwe] 21/5/2013 08:52

..but surely it is the duty of these companies to get the highest returns for their shareholders,and PROVIDED they are doing nothing illegal they have to seek out the best tax system for them.Therefore they have to use every loophole available to them on a global basis.
The G20 govts need to get their act together & properly legislate,and where they cannot, bring pressure to bear on tax havens like Luxembourg & the Cayman Islands

[jazza] 21/5/2013 08:36

A PR/Psychology campaign with one aim: Swell already bulging corporate coffers whilst nation states (in which said corporates operate) struggle to remain solvent..



Sir Roger Carr, CBI chairman, said at an earlier meeting that tax avoidance "cannot be about morality – there are no absolutes"

[jazza] 21/5/2013 08:30

two of the very worst tax-dodgers (Tesco, Vodafone) unsurprisingly involved.

I don't solely blame governments because these dodgers actively play a kind of "divide-and-conquer" game with countries around the world wrt their attitudes towards tax.


Just because you can be an unethical, chutzpah-heavy tax-dodger, doesn't mean you have to be, isn't that right, GlobalCorp PLC?



Multinational CEOs tell David Cameron to rein in tax avoidance rhetoric. Burberry, Tesco, Vodafone and BAE Systems join CBI chief in lobbying PM to stop moralising on tax ahead of G8 talks

[jazza] 21/5/2013 08:30

beep beep whirr

[jwe] 21/5/2013 08:20

Was it Many Rice Davies who said `well he would say that wouldn`t he?`.Personally i think it a disgrace that these multinationals are screwing the economy on tax.THe disgrace is that the powers that be cannot close these loopholes and tax havens.It really is about time changes were made

[leedskier] 21/5/2013 08:16

tfergi, I think the market is watching and waiting to see what new products it intends to launch this year.

[tfergi] 21/5/2013 08:11

Hi Leeds, I note you often comment on apple. There is a lot of talk about them loosing their edge and profits falling, but as a long term hold they should turn around again and they have loads of cash. What's your thoughts on them as a long term play. I'm wondering if when we have some sort of correction on the Dow and ftse it might be a good entry, I think they yield 2.5%. Or do you think the bubble has burst for them? Cheers

[leedskier] 21/5/2013 08:08

The bosses of some of Britain's largest multinational corporations have urged David Cameron to stop moralising and rein in his rhetoric on tax avoidance ahead of a G8 summit next month.

[jwe] 21/5/2013 07:59

Whilst i am not a fan of the EU in general,this is definitely one case(there are obvious others) where it is better to be in the EU speaking as one voice,it does carry hugely more clout.It is,in these austere times,important that both individuals AND corporations pay the correct tax.I certainly do not blame the likes of Google for doing what they do providing it is legal.The blame lies squarely with govt

[jazza] 21/5/2013 07:44

For you UKIPers..


"The EU says 1tn euros ($1.3tn; £0.85tn) a year are lost in member states via tax evasion, seven times the EU budget."

[jazza] 21/5/2013 07:43

The European Parliament is due to meet to debate ways to tackle tax evasion, ahead of an EU summit on the issue.

The EU says 1tn euros ($1.3tn; £0.85tn) a year are lost in member states via tax evasion, seven times the EU budget.

There is anger over revelations about Greek and French politici

[dope007] 21/5/2013 07:26

Agreed Smurfy. The main change for me though is Japan. ITs market is way overpriced and QE they have said is now causing them problems with increacing yields and increacing import costs. So we may be very near the top.

[smurfy2001] 20/5/2013 23:04

Cheers dope, good read.

There is a but.

I'm already aware that this is a POMO fueled market, one is not in denial.

But one must take advantage. We know that when we're near %6.5, it will be time to exit those longs and short the index.

In the meantime, remain long.

I've tried shorting the index with little profit, it just does not want to go down and it's best not to fight POMO.

[leedskier] 20/5/2013 22:25

Google may think they can spin that UK sales were legitimately transacted in Ireland, before the Treasury Select Committee in London, but I doubt Apple will be able to before a Senate sub-committee.



Breaking news
Monday May 20 2013

Apple accused of avoiding billions in taxes
US congressional investigators on Monday accused Apple of avoiding paying billions in taxes on its international profits by exploiting US tax loopholes and using two Irish subsidiaries that are not technically tax residents of any country.

The Senate permanent subcommittee on investigations released a 40-page report on Apple's international tax structure ahead of a hearing that will shine a harsh political spotlight on the US technology group.

"Apple sought the Holy Grail of tax avoidance," said Carl Levin, the Democrat who chairs the panel and will be leading the hearing. "It has created offshore entities holding tens of billions of dollars, while claiming to be tax resident nowhere."

[jazza] 20/5/2013 20:52

Hasn't anyone got a feel for numbers here?

Sheesh.. :-/