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[Lizzie_Zoom]

It does not seem to matter where bank head quarters are, apart from of course the employment given to a huge workforce.

They pay about 1% in corporation tax as they are registered for tax elsewhere!   Barclays Bank; 1% corporation tax on pre tax profits of £11.6bn in 2009.


  :(Tax avoidance in the extreme!

[Banjax]

It does not seem to matter where bank head quarters are, apart from of course the employment given to a huge workforce.

They pay about 1% in corporation tax as they are registered for tax elsewhere!   Barclays Bank; 1% corporation tax on pre tax profits of £11.6bn in 2009.


  :(Tax avoidance in the extreme!

Lizzie how dare you - its a legimitate business practice not tax avoidance 

[Field Marshal Dr. Opti]

Good to hear Mervyn King giving greedy banks and greedy bankers a well deserved verbal kicking on the BBC news yesterday.

I rather like old Merv.... .......about as much as I dislike Angela Knight...   

[V6 CDX-er]

Job losses?
You mean like the thousands of hard working legal miners sacked by Thatcher? 
 :

Sorry. Run that by me again?

[Field Marshal Dr. Opti]

It does not seem to matter where bank head quarters are, apart from of course the employment given to a huge workforce.

They pay about 1% in corporation tax as they are registered for tax elsewhere!   Barclays Bank; 1% corporation tax on pre tax profits of £11.6bn in 2009.


  :(Tax avoidance in the extreme!

Looks like a paltry amount expressed like that Lizzie.......


Eleven thousand six hundred million pounds sounds far more impressive.....

[Plomien]

http://www.bbc.co.uk/news/business-12658880

HSBC, Europe's biggest bank, has denied reports it is planning to move its head office from London to Hong Kong.

The Sunday Telegraph quoted a major, unnamed, investor as saying "we were told that a move [to Hong Kong] is now more than likely".

[Nickbat]

http://www.bbc.co.uk/news/business-12658880

HSBC, Europe's biggest bank, has denied reports it is planning to move its head office from London to Hong Kong.

The Sunday Telegraph quoted a major, unnamed, investor as saying "we were told that a move [to Hong Kong] is now more than likely".

They say that such talk is "speculative and presumptuous", so not a flat out denial. Anyway, I hope that the Telegraph is wrong and thet HSBC remain headquartered in London.

[Banjax]

http://www.bbc.co.uk/news/business-12658880

HSBC, Europe's biggest bank, has denied reports it is planning to move its head office from London to Hong Kong.

The Sunday Telegraph quoted a major, unnamed, investor as saying "we were told that a move [to Hong Kong] is now more than likely".

They say that such talk is "speculative and presumptuous", so not a flat out denial. Anyway, I hope that the Telegraph is wrong and thet HSBC remain headquartered in London.

as do all the pimps and dealers 

[Nickbat]

http://www.bbc.co.uk/news/business-12658880

HSBC, Europe's biggest bank, has denied reports it is planning to move its head office from London to Hong Kong.

The Sunday Telegraph quoted a major, unnamed, investor as saying "we were told that a move [to Hong Kong] is now more than likely".

They say that such talk is "speculative and presumptuous", so not a flat out denial. Anyway, I hope that the Telegraph is wrong and thet HSBC remain headquartered in London.

as do all the pimps and dealers 

If you have evidence that HSBC staff use drugs & prostitutes then kindly post it here.

No, you don't have any do you? Just leftie slurs again.

[albitz]

I replied to it when it was posted earlier in the thread, but its been repeated. Looks to me like a deliberate attempt to inflame the debate.Start another heated argument. Button pressed.

[Darth Loo-knee]

Guys play nicely else I will delete either certain posts or the whole thing.
 

[MICHELINMAN]

Job losses?
You mean like the thousands of hard working legal miners sacked by Thatcher? 
 :

Sorry. Run that by me again?

If your from Sheffield mate, well....if you dont know then this thread is above you........

[albitz]

I had (and still have) sympathy for the miners, but that moron Scargill signed their death warrants for them. He was the biggest enemy of the working class I have ever seen.

[Varche]

A few random thoughts as you all know my feelings towards the banks.

1. Where is their loyalty.?

2. Some clues in the name behind the nmemonic HSBC. They are there, you just have to look.

3. They are still not lending enough to small and medium businesses.

4. They don't exactly contribute a lot in terms of corporation tax.

5. Bonus bought BMW's and Ferraris aren't built in Britain.

6. Where is there loyalty.

7. Didn't they benefit from the bank bail out?

8. Where is there loyalty?

[albitz]

A few random thoughts as you all know my feelings towards the banks.

1. Where is their loyalty.? - presumably to their shareholders, which is where it should be.

2. Some clues in the name behind the nmemonic HSBC. They are there, you just have to look. Hong kong/ shanghai ? a global business, which (unfortunately imo) many buisinesses are these days.
3. They are still not lending enough to small and medium businesses.
The credit crunch started when banks were lending money to people who couldnt afford to pay it back. They are extremely risk averse atm, which although understandable to a point, is going to have to change. But it wont be easy to change quickly.
4. They don't exactly contribute a lot in terms of corporation tax.
They contribute what they.. are legallly obliged to - they are businesses not. charities - every business from the one man self employed outfit to the global  giants dont pay a penny in tax that they can legally avoid paying. Thats just good business sense. If they are deemed to be paying less than their fair share, its up to the govt. to change the rules. They do pay enormous amounts of tax overall though. And bankrolled the economic boom of the last decade with the taxes they paid.
5. Bonus bought BMW's and Ferraris aren't built in Britain.
True, but whose fault is it that we dont have much of a car industry any longer - not theirs. The purchase of these top drawer cars does still contribute quite a lot in tax to the treasury.
Also, the favoured car of the city boys and girls in recent times has been the Aston Martin, which is built in this country.I know of one very clever chap who has matching his and hers DB9,s for him and his wife.
6. Where is there loyalty.

7. Didn't they benefit from the bank bail out?
Iirc HSBC (like the majority of banks in this country) didnt. :-/

8. Where is there loyalty?