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Old 26th Nov 2016, 15:13
  #1372 (permalink)  
Beafer
 
Join Date: Jan 2013
Location: UK
Age: 73
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Interesting the parent company don't pay much tax. They just use public funds instead.
Revealed: how the company regenerating the Clyde pays as little tax as possible (From HeraldScotland)
Vince Cable who is quoted in the article has a point.
All of Peel's national and international concerns lead back, through a complex web of intermediate "parent" companies and subsidiaries, to Tokenhouse Limited, a company with total assets reportedly worth more than £18bn. Tokenhouse Limited is registered in the Isle of Man.
"The Isle of Man is a renowned offshore tax haven. In a 2012 speech, Business Secretary Vince Cable described tax havens such as the Isle of Man, the Channel Islands and the Cayman Islands as "sunny places for shady people".
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