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The Big Companies that most certainly aren’t ‘in this together’… - IT'S A TOUGH CHOICE: to keep the o, so pretty-red-glittery-shoes on [entries|archive|friends|userinfo]

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The Big Companies that most certainly aren’t ‘in this together’… [Feb. 23rd, 2011|02:28 pm]

There's been on-off mentionings in the news of great companies evading tax, so I re-searched web as to the worst companies.& found this article:  http://www.thisismoney.co.uk/tax/article.html?in_article_id=521644&in_page_id=11#ixzz1DYMu1Rim

But the quick list as to the worst offenders are:

Total number of subsidiaries in tax havens*

Shell - 47
HSBC - 62
BP - 85
Vodafone - 50
Glaxo - 13
Rio - 18
BHP - 24
British American Tobacco - 41
Lloyds Banking Group - 135
Unilever - 5
RBS - 121
Xstrata - 7
Barclays - 298
Diageo - 7
BG Group - 10
Tesco - 40
Standard Chartered - 37
Anglo-American - figures unavailable
SAB Miller - figures unavailable
Astrazeneca - 3

Total - 1003

*Tax havens analysed: Cayman Islands, Jersey and Guernsey, Isle of Man, Gibraltar, Bermuda, British Virgin Islands, Turks & Caicos Islands, Luxembourg, Vanuatua, Mauritius, Malta, Cyprus, Nauru, Monaco, Panama and Liechtenstein.'

~ For me this means I have conclusively the incentive to close my Barclay account & start a Co-op one; I’ll make sure to quote the article in my last email to them... 

As for ceasing to shop food in Tesco, this will be considerably harder: it’s the nearest shop to me.
And the forced, american style ‘how are you’ chit chat that Sainbury insist their till-staff should engage in, still makes me shudder…



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[User Picture]From: ms_jinxme
2011-02-23 04:18 pm (UTC)
I just need to ensure it's not something that's going to only be collecting dust on my to-do list - I can be good at leaving it a good intention only.. ;-/
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[User Picture]From: ms_jinxme
2011-02-24 09:18 am (UTC)
done! :-)
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[User Picture]From: alixandrea
2011-02-23 02:55 pm (UTC)
Oooh, thanks for this! I already pretty much stopped shopping at Tesco unless I had discount vouchers, after they went against massive local pressure and built an Express shop on Mill Road here in Cambridge. I much prefer Sainsbury's for doing big shopping (we don't get the forced US-style 'hihowareya?' thing) and occasionally use ASDA as it's on my way home from work. :-)

I recently opened a Barclays account during the Joint Loan Debacle (JLD) as when I thought I'd have to enter a Debt Management Plan I needed a basic bank account that wasn't with my usual bank (Co-Op). I was thinking of beginning to use it to bank Sacrilege's money but now I think I'll close it and open a new account with the Co-Op. They're great BTW, I definitely recommend them!

I see Lloyds have the next largest number of subsidiaries - why am I not at all surprised?? They should be paying ME for their utter contempt, as shown not only by the way that they treated me during the JLD, but by the fact that they deem me and others like me to be beneath them when it comes to paying their tax dues. Wankers!!
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[User Picture]From: ms_jinxme
2011-02-23 04:24 pm (UTC)
The Sainsburies in Camden & Angel both have this drive.. took me right back first time it happened. Mostly I feel sorry for the staff, but it also created weird 'politeness' situations - I can't ignore a query how I am and what my weekend plans are, but same token get really irritated they're asking; psychologically it was so off putting I avoided their supermarket for ages!

Glad to hear Co-op is good; Barclays have been a pain for me in the past when it comes to delivering replacement cards, so it won't be a loss. Hsbc has been ok so far, but are clearly on the list too so may close mine with them as well.

I am sure Lloyd was giving you all the 'moral high ground attitude'.. banks are royally good at that!
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[User Picture]From: ms_jinxme
2011-02-23 04:30 pm (UTC)
And: WANKERS indeed!
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[User Picture]From: alexmc
2011-02-23 03:20 pm (UTC)
I didn't really consider Cyprus a tax-haven since it has historically been so hard for external companies to do business in the country. Apparently only 8 of the subsidaries mentioned are in Cyprus with 5 of them being British American Tobacco. Going to give up smoking then? :-)

I guess that with Cyprus joining the EU my knowledge is out of date.


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[User Picture]From: ms_jinxme
2011-02-23 04:28 pm (UTC)
My old landlord used to give me updates on the progress in his country, but that was up until I got my boat & moved out. Last I heard a lot was changing though. That said, I didn't view it a tax-haven either... ?

But then there's a couple of islands mentioned on the list that I didn't even know existed..
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[User Picture]From: alexmc
2011-02-23 04:40 pm (UTC)
> there's a couple of islands mentioned on the list that I didn't even know existed.

The British Empire is^H^Hwas wide and deep.
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[User Picture]From: ms_jinxme
2011-02-24 09:19 am (UTC)
Now less wide, but just as deep... ;-)
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[User Picture]From: failing_angel
2011-02-23 11:59 pm (UTC)
Crikey, I hadn't realised that Lloyds were quite so bad - please remind me of this in a year's time.

Fortunately I haven't noticed the faux chit-chat of Sainsbury's - then again that's mainly due to their encouragement of the automated tills.
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[User Picture]From: ms_jinxme
2011-02-24 09:22 am (UTC)
Why a year's time? ah.. you've got a locked saving?

The faux chit chat started a year and a half ago - it's possible it's faded off at this point (I do Sainbury's very rarely!). I remember in Angel they were not only asking how I was doing, but also carried on to ask about my weekend plans. If it's gone, then clearly enough people got offended for the store managers to realise it wasn't such a good idea after all!
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[User Picture]From: failing_angel
2011-02-24 09:16 pm (UTC)
Something like that.

I remember in Angel they were not only asking how I was doing
Now that does ring bells - I think I may have blanked/ignored it - there was certainly somewhere where the staff seemed excessively friendly.
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[User Picture]From: omnisppot
2011-02-24 12:27 am (UTC)
My local Tesco isn't apparently owned by Tesco but by Tesco Aquamarine which is run from tyhe Cayman Isles. Apparently all their offshoots are named after colours of the rainbow, so they're not just tax-dodging but doing it with a huge smug catch-me-if-you-can grin too.
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[User Picture]From: ms_jinxme
2011-02-24 09:26 am (UTC)
*speechless moment*

You know, that's it... I may not be able to end my purchases from my local Tesco completely, but now I am really going to take every chance I get to purchase from other stores instead - thanks for telling!

I can only hope, the way this has hit media now, that the law changes sufficiently to snuff that rainbow right at the base..
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