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If you look at The bigger picture then perhaps they government could meet him in the middle with a provision for him to review his future tax paying arrangements etc
the amount of job losses in the event virgin go into liquidation is horrific, the airline industry as a whole
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Petition to make Branson sell assets before he gets a bailout on 14:09 - Apr 22 with 2877 views
Much as I dislike Branson's smugness, it would be unfair to single him out here. No one seems to mind for example, that James Dyson has a contract to supply the NHS but has used offshore tax avoidance banking for years.
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Petition to make Branson sell assets before he gets a bailout on 14:28 - Apr 22 with 2832 views
Petition to make Branson sell assets before he gets a bailout on 14:09 - Apr 22 by SonofNorfolt
Much as I dislike Branson's smugness, it would be unfair to single him out here. No one seems to mind for example, that James Dyson has a contract to supply the NHS but has used offshore tax avoidance banking for years.
There is a slight difference here - Dyson's not asking for a £500m bailout.
However, it is a scandal that any company in receipt of public money through govt contracts is not vetted in such a way that those using tax avoidance mechanisms are automatically rejected at the tender stage and disqualified from the process.
Petition to make Branson sell assets before he gets a bailout on 14:28 - Apr 22 by EastR
There is a slight difference here - Dyson's not asking for a £500m bailout.
However, it is a scandal that any company in receipt of public money through govt contracts is not vetted in such a way that those using tax avoidance mechanisms are automatically rejected at the tender stage and disqualified from the process.
Dyson and his family were the 4th biggest UK tax payers last year, £103m. He has contracted to supply 10,000 ventilators to the NHS, and will also donate 1,000 to the NHS and 4,000 to 3rd world governments. i suppose you would turn those down as well?
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Petition to make Branson sell assets before he gets a bailout on 15:09 - Apr 22 with 2765 views
Petition to make Branson sell assets before he gets a bailout on 14:59 - Apr 22 by MrSheen
Dyson and his family were the 4th biggest UK tax payers last year, £103m. He has contracted to supply 10,000 ventilators to the NHS, and will also donate 1,000 to the NHS and 4,000 to 3rd world governments. i suppose you would turn those down as well?
Petition to make Branson sell assets before he gets a bailout on 14:01 - Apr 22 by thame_hoops
If you look at The bigger picture then perhaps they government could meet him in the middle with a provision for him to review his future tax paying arrangements etc
the amount of job losses in the event virgin go into liquidation is horrific, the airline industry as a whole
It would surprise me if there weren’t going to be significant staff reduction anyway.
Whilst I agree with this in principle, i.e. he should pay his taxes and he should be selling assets there are issues that are not clear.
How much of Virgin Atlantic does Branson personally own? Virgin Group own 51% and there was recently talk of KLM/AIr France buying a 31% stake but that has been shelved/cancelled. Delta own 49%. So I think it is, just, a British Company.
The main area of concern is jobs, the vast majority of which are in the UK. If Virgin Atlantic went bust, those people would obviously be out of work.
Branson, personally, is said to be worth over £4 billion. He can well afford to make a very large contribution.
These points need addressing and a satisfactory agreement reached before any bailout should be given.
[Post edited 22 Apr 2020 15:13]
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Petition to make Branson sell assets before he gets a bailout on 15:19 - Apr 22 with 2730 views
Petition to make Branson sell assets before he gets a bailout on 14:59 - Apr 22 by MrSheen
Dyson and his family were the 4th biggest UK tax payers last year, £103m. He has contracted to supply 10,000 ventilators to the NHS, and will also donate 1,000 to the NHS and 4,000 to 3rd world governments. i suppose you would turn those down as well?
read my post again - I didn't say Dyson was not paying tax (or if he was)
"any company ....using tax avoidance mechanisms"
Anyone paying their fair share should have nothing to worry about
Petition to make Branson sell assets before he gets a bailout on 15:19 - Apr 22 by EastR
read my post again - I didn't say Dyson was not paying tax (or if he was)
"any company ....using tax avoidance mechanisms"
Anyone paying their fair share should have nothing to worry about
Anyone with a pension is using a tax avoidance scheme. What has he done that's so heinous that he should be disqualified from doing business with the state?
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Petition to make Branson sell assets before he gets a bailout on 15:38 - Apr 22 with 2689 views
Petition to make Branson sell assets before he gets a bailout on 15:23 - Apr 22 by MrSheen
Anyone with a pension is using a tax avoidance scheme. What has he done that's so heinous that he should be disqualified from doing business with the state?
I can only assume you are a relative of the man who I neither labelled a non-tax payer or the committer of any serious crimes. Lets just leave it there
Petition to make Branson sell assets before he gets a bailout on 15:41 - Apr 22 by EastR
I can only assume you are a relative of the man who I neither labelled a non-tax payer or the committer of any serious crimes. Lets just leave it there
If you like. Assume away.
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Petition to make Branson sell assets before he gets a bailout on 16:13 - Apr 22 with 2604 views
Petition to make Branson sell assets before he gets a bailout on 14:09 - Apr 22 by SonofNorfolt
Much as I dislike Branson's smugness, it would be unfair to single him out here. No one seems to mind for example, that James Dyson has a contract to supply the NHS but has used offshore tax avoidance banking for years.
Make them BOTH pay. Simples. No more government contracts to tax exiles. What could be clearer that ?
Strong and stable my arse.
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Petition to make Branson sell assets before he gets a bailout on 16:34 - Apr 22 with 2563 views
Here is a great short YouTube clip, for those that are interested of a billionaire explaining exactly why airlines should be allowed to fail to a shocked CNBC anchor
Really is a brilliant interview and couldn’t be more on the point of what is going to be the next big talking point over the coming months.
[Post edited 22 Apr 2020 16:39]
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Petition to make Branson sell assets before he gets a bailout on 16:39 - Apr 22 with 2556 views
Not sure it's something to vote on really, but it's "our money" so they tell us - personally I think it's time for Branson to shut up and keep quiet or make a contribution like Captain Moore - maybe he could try swimming to Necker from MIami or something...
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Petition to make Branson sell assets before he gets a bailout on 17:27 - Apr 22 with 2475 views
Petition to make Branson sell assets before he gets a bailout on 15:23 - Apr 22 by MrSheen
Anyone with a pension is using a tax avoidance scheme. What has he done that's so heinous that he should be disqualified from doing business with the state?
A pension is probably more of a tax deferral scheme in fairness. You have to pay tax once you start using it.
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Petition to make Branson sell assets before he gets a bailout on 18:19 - Apr 22 with 2380 views
I`ve read he only holds just shy of 11% of the firm, the rest is American, french and Saudi based, plus smaller investers. So my question is why should our government foot the whole loan figure ?
'You didn't know that was wrong, but now you do. If you do it again, I'll know you are doing it on purpose.'
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Petition to make Branson sell assets before he gets a bailout on 18:46 - Apr 22 with 2372 views
If his airline goes under many British Business that supply Virgin will also go bankrupt which is worth pointing out at a time when everyone seems to be going after Branson and wanting Virgin to go bust. Tons of British people work for Virgin as well, I know quite a few who will be out of work if this happens. It's not really about the man at the top it should be about everyone in the company needing help. I don;t know if a bailout is the right thing to do but the anger towards him seems a bit over the top
Of course he should pay more tax and he's a prat but he has put his own assets up such as his own island. I find it all a bit odd that so many businesses in this country are currently getting money from the government from this but very little is said about them. Also a lot of his wealth will be shares in his company rather than actual money.
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Petition to make Branson sell assets before he gets a bailout on 19:00 - Apr 22 with 2355 views
Petition to make Branson sell assets before he gets a bailout on 16:34 - Apr 22 by DevonWhite
Richard Branson on British Airways in 2009:
'We should wait for its demise.'
'Loss-making and inefficient airlines should be allowed to go the wall.'
'The Government should not intervene to stop companies going bust.'
This has been brought up loads of times on social media. There’s a difference between a poorly run business and a business being forced to stop working.
I’m no fan of his but I don’t want Virgin Airlines to go but, as has been said, tne knock-on will affect loads of other businesses that work with VA.
I think he’s asked for a loan, not just to be bailed out.
However, he’s not done himself any favours by being a tax haven, kind of makes him look hypocritical. Was always the epitome of the champagne-socialist.
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Petition to make Branson sell assets before he gets a bailout on 19:01 - Apr 22 with 2352 views
Petition to make Branson sell assets before he gets a bailout on 19:00 - Apr 22 by Juzzie
This has been brought up loads of times on social media. There’s a difference between a poorly run business and a business being forced to stop working.
I’m no fan of his but I don’t want Virgin Airlines to go but, as has been said, tne knock-on will affect loads of other businesses that work with VA.
I think he’s asked for a loan, not just to be bailed out.
However, he’s not done himself any favours by being a tax haven, kind of makes him look hypocritical. Was always the epitome of the champagne-socialist.
Does he consider himself socialist or even remotely left wing? I'd be surprised. He's literally a billionaire capitalist.
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Petition to make Branson sell assets before he gets a bailout on 19:09 - Apr 22 with 2326 views
Petition to make Branson sell assets before he gets a bailout on 19:00 - Apr 22 by Juzzie
This has been brought up loads of times on social media. There’s a difference between a poorly run business and a business being forced to stop working.
I’m no fan of his but I don’t want Virgin Airlines to go but, as has been said, tne knock-on will affect loads of other businesses that work with VA.
I think he’s asked for a loan, not just to be bailed out.
However, he’s not done himself any favours by being a tax haven, kind of makes him look hypocritical. Was always the epitome of the champagne-socialist.
He ain’t no Socialist Bruv!
He’s in no club I’m in. Sued the NHS, avoids tax, and stole thousands of miles of transport routes from the state.
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