Don't firms that are UK registered have to pay corporation tax on profits to the UK government. Aren't tax revenues therefore affected when a UK firm is taken over/merged into a foreign firm?Isn't it reasonable to assume directors of foreign firms would be loyal to their roots and would reduce investment in/close down UK sites first if times got tough (especially since employment law is more favourable to them here than elsewhere in EU)?
Shouldn't we feel a loss of national pride or status when for example (one of many) the long-standing major gateways to the UK: Gatwick, Heathrow & Stansted airports are poised to be sold to a Spanish firm? I can't see the French allowing that to happen in France.
2006-06-06 02:03:44 · 6 answers · asked by Quasimojo 3 in Business & Finance ➔ Other - Business & Finance
Oh but it does concern me. I have lost my job to the Indians.
But in all honesty what can I do about it??
2006-06-06 02:07:48 · answer #1 · answered by byedabye 5 · 0⤊ 0⤋
I'm wondering who you are campaigning for, this sounds like the bnp spam thats been appearing.
Whichever company owns the airports, they pay tax to the uk govt because the business is located in the uk. They will still be covered by uk employment and health and safety laws.
These major airports are not going to be closed due to recession either here or abroad. They are an essential part of the infrastructure.
We have the right wing Conservative govt to thank for the fact that they are up for sale at all. Much of the infrastructure and industry in this country used to be owned by the govt. but was sold off. It was the despised left wingers and trade unions that objected to this.
2006-06-06 09:24:59 · answer #2 · answered by sarah c 7 · 0⤊ 0⤋
Because they're in safer hands!
Its global economy, what would happen if other countries felt the same as "great british companies" like "BP" - where do we get the oil from?
2006-06-06 09:55:03 · answer #3 · answered by robert m 7 · 0⤊ 0⤋
Your country's corporations and financiers do plenty of buying abroad so I hardly have much sympathy for your national pride.
As for tax revenue, I believe corporations pay income tax where they earn their money, regardless of their domicile.
2006-06-06 09:09:55 · answer #4 · answered by stife 3 · 0⤊ 0⤋
i work for a foreign comp, they just trying to take over england any way they can . the only way they can . pls keep britain british,
british gas is not british , so wot has the world come to eh .
2006-06-06 09:18:29 · answer #5 · answered by BRAVEHEART 3 · 0⤊ 0⤋
Globalization is inevitable. Learn how to learn well and quickly, and how to adapt and change.
2006-06-06 09:24:27 · answer #6 · answered by fhornsr 5 · 0⤊ 0⤋