[MM-MALTS-L] Whisky Shenanigans

[Dave Neary]

Hi,

Funny, this is almost the same thing that Ikea do to avoid paying tax.

http://en.wikipedia.org/wiki/IKEA#Corporate_structure

The Ingka Foundation (which runs indirectly both franchising operations
and the running of Ikea stores) is the wealthiest non-profit
organisation in the world, bigger the Bill& Melinda Gates foundation,
with a net worth of $36 billion.

In 2005, the Ikea Foundation gave about $2m in dinations, while the
Gates Foundation in the same year spent about $1.5bn.

Time for me to get back down off my high horse :)

Cheers,
Dave.


Ralph Katzenell wrote:
> I know we don't do politics here, but this is almost on-topic.
> 
>>From today's Grauniad (thats the "Guardian" to those who dont read the satirical Private Eye). 
> 
> British taxpayers are being left to plug a multibillion-pound hole in the public finances as hundreds of the country's biggest companies increasingly employ complex and secretive tax arrangements to limit the amount they hand over to the exchequer. 
> 
> The UK-based drinks giant Diageo plc has transferred ownership of brands worth billions of pounds, including Johnnie Walker, J&B and Gilbey's gin, to a subsidiary in the Netherlands where profits accrued virtually tax-free. Despite average profits of £2bn a year, it paid an average of £43m a year in UK tax - little more than 2% of its overall profits.
> ‭‮
> You can read more of the grubby story here:
> 
> http://www.guardian.co.uk/business/2009/feb/02/tax-gap-diageo-johnnie-walker
> 
> Ralph
> ‭‮
> 
> 
> 
> ------------------------------------------------------------------------
> 
> _______________________________________________
> MM-MALTS-L mailing list
> MM-MALTS-L at grsnet.net
> http://lists.grsnet.net/mailman/listinfo/mm-malts-l

-- 
Dave Neary
dneary at free.fr
Tel: +33 9 51 13 46 45
Cell: +33 6 77 01 92 13