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Old 20-05-2022, 10:25   #664
Sephiroth
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Re: Energy companies collapse

Quote:
Originally Posted by ianch99 View Post
<SNIP>

Also, a company that trades in the UK, employs people in the UK and generates revenue & profit in the UK should pay tax in the UK.

And companies that trade in the fake free market should be legally compelled to invest, preferentially, in the infrastructure they manage over distributing profit to shareholders.

Quote:
Also, a company that trades in the UK, employs people in the UK and generates revenue & profit in the UK should pay tax in the UK.
I doubt that anyone would disagree with you on this point. But, recalling our earlier conversation in this thread, the billions of windfall profit made by the UK based energy companies are taxed at the corporation tax rate. Nothing to see there.

Quote:
And companies that trade in the fake free market should be legally compelled to invest, preferentially, in the infrastructure they manage over distributing profit to shareholders.
Good point. The water companies come to mind. The bad thing there is that they face no competition in each region

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