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Old 12th Nov 2017, 11:36
  #136 (permalink)  
TURIN
 
Join Date: Feb 2002
Location: UK
Age: 58
Posts: 3,502
Received 169 Likes on 91 Posts
You have a very poor assessment of what good profit is - single digits with massive capital investment requirements so hardly somewhere to invest in, and you completely missed the point I made that such numbers are AFTER the changes which you object to. Look at the numbers in red and those are the world you want to live in, albeit for a short time before the P45.
The numbers in red have got bugger all to do with the pension scheme. There were several other reasons BA declared losses there.

Profit is profit. The accountants will do their thing and declared profits will reflect exactly the numbers required (assuming the revenue is there). I filled in a tax form this year which included a disposal of a taxable asset. It is amazing how little tax you need to pay when you read the 'rules'. Lewis Hamilton and the cast of Mrs Browns Boys have nothing on corporate tax avoidance!

A projected 3 Billion profit this year is obscene when cutting the pay of the employees who created that profit.
Oh, and I'm sure the leadership of BA /IAG will be handsomely rewarded for such record profits, along side the pension fund managers.
And people wonder why there is a resurgence in support for Corbyn's socialism.
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