Quote:
Originally Posted by jfman
So they offshore the profits into parent companies to reduce tax liability?
I’m not sure this is the quick win you thought it was when you took to the keyboard.
Are they all working in concert? Potentially. However the market is so fundamentally flawed they could independently be price gouging consumers because rationally - with no risk - they can maximise their profits that are completely unlinked to the cost of energy supply.
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It would still appear in their accounts as profits, and UK tax would be paid on any profits. After that, any profits left may be transferred to the parent company as they own it.
Where is the
evidence that the suppliers are making massive profits?