Quote:
Originally Posted by Ignitionnet
HSBC paid tax on its profits made in the UK, as is right. These form a small part of its profits and will be mostly erased by these regulations if they remain here.
Contrary to the opinion of UKUncut companies pay tax where they make the profits.
---------- Post added at 19:28 ---------- Previous post was at 19:25 ----------
I'm not some hardcore capitalist, I just think HSBC have every right to consider changing their domicile and to seek concessions to make them reconsider, and am somewhat surprised they haven't already moved.
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I'd love to see them operating out of China, I wonder what would've happened to them if this had happened there, my money's on a show trial, bullet to the head and a quick harvesting of organs and I'm sure they have considered that.