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Old 5th May 2009, 08:46
  #190 (permalink)  
heads_down
 
Join Date: May 2009
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to maximise tax advantages and boost the numbers in the books, any sort of drastic action that would have been taken would be done before june 30 which is the end of this financial year. All redundancies payout is a tax advantage for the company as an operating expense.

This together with the European courts announcement of the amount of fines in millions of euros for criminal price fixing next month would fit nicely into the balance sheets as operating expenses for tax credit.

The fines will be way way more than the total cash payout for all redundancies combined from last years 1500 and this years 1750.
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