What are these people on?
Browsing the Torygraph this morning (Because I like a smug giggle), I came across this article in the Financial section about the electrical retailer, Comet, going tits up. Nothing to gloat about. I feel sorry for the people both in the stores and head office losing gainful employment. Did a couple of small contract jobs for that group back on the late 90′s. No complaints. What troubles me is the way these stories are presented nowadays. You’d think the taxman actually invested in these companies, rather that the company paying VAT, Business rates on all their premises, Employers and Employee taxes and NHI, and all the other little cheese parings the taxman gleans off every single thing in sight. Yet there are a bunch of dead heads whining that companies don’t pay “Their fair share”.
Bearing that in mind, I’d like to ask what exactly is a companies “Fair share”? The tax rates and rules are set by the Treasury, and any company is bound by law to cough up according to those rules. Unless of course the taxman is a creditor when said company goes bust and there’s no more money. Even then, the taxman has to take its turn. That is the law. Yet the raucous self-entitled are found clogging up the ‘Comments’ section, displaying their complete lack of financial acumen. They can’t tell debt from revenue or turnover, and seem to think that just because there’s a number, you have to pay tax on it.
Talk about dumb……