Why Morrisons takeover will insult Loan Charge victims over double tax standards – Yorkshire Post Letters
WE ordinary people read what’s going on with Morrisons and wonder what to make of it. Here are my thoughts.
People who bid for Morrisons see an opportunity to make money.
Their track record is to transfer ownership overseas, which means that the profits are transferred. They will pay very little UK tax (compared to what they currently pay).
The government tells us (in the context of borrowing costs) that everyone has to pay their fair share of taxes; otherwise the sky will fall.
Yet at the same time, they are witnessing the setting up of a massive tax avoidance scheme and doing nothing about it.
From: Sam Willmott, Bingley.
I AM very concerned about the Morrisons buyout plan and the complete lack of clarity from the proposed bidders on their future intentions.
Before any offer to shareholders, they should be obliged to make their proposals for the future of stores, staff – and quality of service.
If that doesn’t happen immediately, those already worried about Sir Ken Morrison’s legacy will have even more reason to fear for the future.
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