Baxter Parp Posted August 10, 2017 Share Posted August 10, 2017 4 minutes ago, Joey Jo Jo Junior Shabadoo said: FTFY. From the article: What they can't explain is how they made 50% less profit before tax while increasing turnover by 54% 0 Quote Link to comment Share on other sites More sharing options...
strichener Posted August 10, 2017 Share Posted August 10, 2017 1 hour ago, Baxter Parp said: What they can't explain is how they made 50% less profit before tax while increasing turnover by 54% Sell 1m items for 49p profit or 1.54m for 31p profit? You do realise that revenue and profit are not directly related? 0 Quote Link to comment Share on other sites More sharing options...
Baxter Parp Posted August 10, 2017 Share Posted August 10, 2017 10 minutes ago, strichener said: Sell 1m items for 49p profit or 1.54m for 31p profit? You do realise that revenue and profit are not directly related? So it's your position that increasing revenue by 50% and decreasing profit by 50% is a perfectly reasonable business proposition. Duly noted. 0 Quote Link to comment Share on other sites More sharing options...
strichener Posted August 10, 2017 Share Posted August 10, 2017 1 minute ago, Baxter Parp said: So it's your position that increasing revenue by 50% and decreasing profit by 50% is a perfectly reasonable business proposition. Duly noted. It depends on what the revenue is being spent on or invested in. If this is a short term expenditure to increase revenue by 25% but at a margin of 50% then yes, yes it is. 0 Quote Link to comment Share on other sites More sharing options...
Baxter Parp Posted August 10, 2017 Share Posted August 10, 2017 3 minutes ago, strichener said: It depends on what the revenue is being spent on or invested in. If this is a short term expenditure to increase revenue by 25% but at a margin of 50% then yes, yes it is. Aye aye, wouldn't lift an eyebrow, perfectly normal, Tesco do it all the time, I get it. Pish. 0 Quote Link to comment Share on other sites More sharing options...
Alert Mongoose Posted August 10, 2017 Share Posted August 10, 2017 All that does really is show how pointless it is to base tax on 'profit'. Utterly pointless. 0 Quote Link to comment Share on other sites More sharing options...
Baxter Parp Posted August 10, 2017 Share Posted August 10, 2017 10 minutes ago, Alert Mongoose said: All that does really is show how pointless it is to base tax on 'profit'. Utterly pointless. Well, taxes on profits are fine so long as the rules are understandable and simple, the taxes are reported properly and honestly and investigated properly if necessary. None of which is happening in this case. 0 Quote Link to comment Share on other sites More sharing options...
strichener Posted August 10, 2017 Share Posted August 10, 2017 Just now, Baxter Parp said: Well, taxes on profits are fine so long as the rules are understandable and simple, the taxes are reported properly and honestly and investigated properly if necessary. None of which is happening in this case. Perhaps you could analyse their accounts and tell me what they are doing to conceal all this money that they are quite obviously making. Here is the link 0 Quote Link to comment Share on other sites More sharing options...
strichener Posted August 10, 2017 Share Posted August 10, 2017 23 minutes ago, Alert Mongoose said: All that does really is show how pointless it is to base tax on 'profit'. Utterly pointless. Profit is the most logical element to tax. The problem isn't where the tax is levied but the complexities that governments have introduced over extended periods of time to include/exclude specific costs and/or revenues and therefore create an environment where companies can be aggressive in their avoidance mechanisms. Add in the variances between countries and it is always going to be difficult to manage taxation on a relatively local basis when the company is operating globally. Of course every organisation based in the UK will also be subject to other taxes at the same time such as NI, VAT, Rates, Climate Levy etc. etc. 0 Quote Link to comment Share on other sites More sharing options...
Baxter Parp Posted August 10, 2017 Share Posted August 10, 2017 (edited) 28 minutes ago, strichener said: Perhaps you could analyse their accounts and tell me what they are doing to conceal all this money that they are quite obviously making. Here is the link I don't pretend to be an accountant, do you? My post was about oversight, not Amazon's accounts. I have been an HMRC Officer though and I am aware of what's happening in HMRC so I do feel qualified to comment. Edited August 10, 2017 by Baxter Parp 0 Quote Link to comment Share on other sites More sharing options...
topcat(The most tip top) Posted August 10, 2017 Share Posted August 10, 2017 I don't pretend to be an accountant, do you? My post was about oversight, not Amazon's accounts. I have been an HMRC Officer though and I am aware of what's happening in HMRC so I do feel qualified to comment. I'm guessing you were dealing with corner shops and garages as opposed to giant global multinationals with dynamic virtualised business models. 0 Quote Link to comment Share on other sites More sharing options...
welshbairn Posted August 10, 2017 Share Posted August 10, 2017 9 minutes ago, topcat(The most tip top) said: I'm guessing you were dealing with corner shops and garages as opposed to giant global multinationals with dynamic virtualised business models. Smarty pants. 0 Quote Link to comment Share on other sites More sharing options...
Baxter Parp Posted August 10, 2017 Share Posted August 10, 2017 13 minutes ago, topcat(The most tip top) said: I'm guessing you were dealing with corner shops and garages as opposed to giant global multinationals with dynamic virtualised business models. I'm glad you feel confident enough to comment, it must have been difficult for you. 0 Quote Link to comment Share on other sites More sharing options...
topcat(The most tip top) Posted August 10, 2017 Share Posted August 10, 2017 I'm glad you feel confident enough to comment, it must have been difficult for you. It's a struggle but I'm continually trying 0 Quote Link to comment Share on other sites More sharing options...
Baxter Parp Posted August 10, 2017 Share Posted August 10, 2017 1 minute ago, topcat(The most tip top) said: I'm continually trying Not 'arf. Even if it were true that I only dealt with small businesses (it's not), you're assuming that I spent my entire career with blinkers on and never talked to anyone outside of my own sphere or went to the pub with colleagues or have current contacts in various offices in various disciplines. Which is silly. 0 Quote Link to comment Share on other sites More sharing options...
strichener Posted August 10, 2017 Share Posted August 10, 2017 1 hour ago, Baxter Parp said: I don't pretend to be an accountant, do you? My post was about oversight, not Amazon's accounts. I have been an HMRC Officer though and I am aware of what's happening in HMRC so I do feel qualified to comment. An HMRC officer that feels qualified to comment but cannot read accounts. Look at the share options for a hint of where the money is going. Imagine a company rewarding employees eh? 0 Quote Link to comment Share on other sites More sharing options...
Baxter Parp Posted August 10, 2017 Share Posted August 10, 2017 7 minutes ago, strichener said: An HMRC officer that feels qualified to comment but cannot read accounts. Look at the share options for a hint of where the money is going. Imagine a company rewarding employees eh? An idiot that thinks forensic examination of accounts can be done from a summary. Fucksake. -1 Quote Link to comment Share on other sites More sharing options...
Alert Mongoose Posted August 10, 2017 Share Posted August 10, 2017 Profit is the most logical element to tax. The problem isn't where the tax is levied but the complexities that governments have introduced over extended periods of time to include/exclude specific costs and/or revenues and therefore create an environment where companies can be aggressive in their avoidance mechanisms. Add in the variances between countries and it is always going to be difficult to manage taxation on a relatively local basis when the company is operating globally. Of course every organisation based in the UK will also be subject to other taxes at the same time such as NI, VAT, Rates, Climate Levy etc. etc. Agreed. So which one is easier to change? 0 Quote Link to comment Share on other sites More sharing options...
DublinMagyar Posted August 10, 2017 Share Posted August 10, 2017 I love P&B for this shit! 0 Quote Link to comment Share on other sites More sharing options...
welshbairn Posted August 10, 2017 Share Posted August 10, 2017 1 minute ago, DublinMagyar said: I love P&B for this shit! I hope you have some data to back this up. 0 Quote Link to comment Share on other sites More sharing options...
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