Thread: Virgin Atlantic
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Old 24th Apr 2020, 14:03
  #307 (permalink)  
Join Date: Jan 2019
Location: Surrey
Posts: 456
Sorry, I should clarify: I have heard that its really for the licence to use the Virgin brand. My point being, that would be sent to Virgin Group, which in turn would pay Virgin Group Holdings Ltd, which is based in the tax free BVIs. I cannot see it being only for marketing as it's higher than the entire employee remuneration bill, and almost as much as they spent on fuel, which just seems too much. All this to say, if it's truly just a way of getting money to the BVIs tax free, then I can see why the government would be digging in. But if it's not, surely thats a bill that can easily be reduced (surley the Virgin brand is strong enough not to need to spend that amount?) and makes their finances look a lot more healthy, increasing their chances of getting a loan?
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