2.50% - 1 Year Fix - If Manchester United win Premier League ( 1.25% otherwise)

Jeems

kingrulzuk wrote: »

Richard Branson hasn't payed any tax in the UK since he set up his 12 offshore Channel Island, Trust Funds in 1975...

If you were in position as he is, you would do exactly the same. No?

I dont get the hate in this country, everything the big corporates do is legal - HMRC know about the loopholes yet they dont close them. Why is this?

Probably because they realise that said big corporates employ millions of people in this country, who in turn pay tax on their earnings. People in employment spend and the economy keeps moving. They trade overseas which brings foreign money in. Then there is VAT and corporation tax (admittedly, some company's are sneaky with this but again - KNOWN "loopholes")

I imagine, having done their sums, HMRC think it works better this way.