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Old 15th Jan 2012, 16:37
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mad_jock
 
Join Date: May 2001
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you only pay tax when you make a profit.

If your going bust usually your not making a profit.

The reasons for them to wind up in such a manner is so they can escape without a record for the directors. They don't want the recievers involved.

Its ther normal op for certain types of director so they can avoid industrial tribunals etc. If they ever get a complaint they wind it up and then they don't have to pay.
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