Urban75 Home About Offline BrixtonBuzz Contact

Brixton news, rumours and general chat - November 2012

Status
Not open for further replies.
wemakeyousoundb said:
Too lazy & Too stupid
When I use to recycle in the bins on sommerleyton road people used to look at me like I was some sort of mentalist.
Click to expand...
I don't understand it, its so easy in lambeth- you just chuck everything in together. In so many places you need and extra room just to store all the different boxes and bins. My parents have 5 different containers, plus the main bin, and they are collected in a stupidly complex rotation.

wemakeyousoundb said:
but surely they'll pay tax which will make up for it via the benefit system, or don't they?
Click to expand...
In tesco's defence, they do actually pay taxes.... unlike so many others. A depressingly long list. Did anyone watch the parliamentary subcomittee? Hodge and the Auditor General mocked google for their 'do not be evil' slogan, told Amazon to send someone more senior who did know what was going on in their business after a series of evasive answers and told Starbucks they were being insulting. Extremely funny. And rather unparliamentary....
 
There's plenty of empty building plots and random bits of land further down from there, such as here:

mJlxk.jpg
 
Manter said:
I don't understand it, its so easy in lambeth- you just chuck everything in together. In so many places you need and extra room just to store all the different boxes and bins. My parents have 5 different containers, plus the main bin, and they are collected in a stupidly complex rotation.


In tesco's defence, they do actually pay taxes.... unlike so many others. A depressingly long list. Did anyone watch the parliamentary subcomittee? Hodge and the Auditor General mocked google for their 'do not be evil' slogan, told Amazon to send someone more senior who did know what was going on in their business after a series of evasive answers and told Starbucks they were being insulting. Extremely funny. And rather unparliamentary....
Click to expand...

Their excuses were laughable - rents are high and we're not making money. Oh rlly. So why are you still open then, and expanding?
 
Ms T said:
Their excuses were laughable - rents are high and we're not making money. Oh rlly. So why are you still open then, and expanding?
Click to expand...
It was utter, utter bullshit. Surprised they had the brass neck to say some of that stuff out loud.
 
Manter said:
It was utter, utter bullshit. Surprised they had the brass neck to say some of that stuff out loud.
Click to expand...
Parliamentary grandstanding. What's wrong is the tax system. Those companies would be breaking the law (which requires them to act in the best interests of shareholders) if they didn't do all they could to reduce their tax. Ludicrous of Hodge et al to blame them for doing what company law requires them to do when the real problem is a tax system that lets them get away with it. But bullshitting was a better tactic than pointing this out to the parliamentarians, who might then have gone and done something about it.
 
fortyplus said:
Parliamentary grandstanding. What's wrong is the tax system. Those companies would be breaking the law (which requires them to act in the best interests of shareholders) if they didn't do all they could to reduce their tax.
Click to expand...

AFAIK there isn't actually a law requiring directors to maximise profits.

ETA: From the government's website:

  • try to make the company a success, using your skills, experience and judgment
  • follow the company’s rules, shown in its articles of association
  • make decisions for the benefit of the company, not yourself
  • tell other shareholders if you might personally benefit from a transaction the company makes
  • keep company records and report changes to Companies House and HM Revenue & Customs
  • make sure the company’s accounts are a ‘true and fair view’ of the business’ finances
  • register for Self Assessment and send a personal Self Assessment tax return every year if you get an income from the company

That's not the same as a duty to maximise profit regardless of any other consideration.
 
I wonder how long it will be before people start moving into Brixton (guffaw) Square. The thing's going up at a rate of knots.
 
Monkeygrinder's Organ said:
AFAIK there isn't actually a law requiring directors to maximise profits.

ETA: From the government's website:

  • try to make the company a success, using your skills, experience and judgment
  • follow the company’s rules, shown in its articles of association
  • make decisions for the benefit of the company, not yourself
  • tell other shareholders if you might personally benefit from a transaction the company makes
  • keep company records and report changes to Companies House and HM Revenue & Customs
  • make sure the company’s accounts are a ‘true and fair view’ of the business’ finances
  • register for Self Assessment and send a personal Self Assessment tax return every year if you get an income from the company

That's not the same as a duty to maximise profit regardless of any other consideration.
Click to expand...
No, there's a general duty on directors to act in the best interests of shareholders. That might, in a few exceptional cases, involve paying more tax than you actually have to (for example to avoid a consumer boycott of your very shitty coffee), but on the face of it any director who did not pursue the line of least taxation would lay themselves open to a claim for breach of fiduciary duty. Your own personal ethics don't come into it, even if you think morally your company should be paying more tax, your obligation is to the shareholders' best interests. Fact is the tax system is broken, and the best indicator of that is how lucrative the tax profession is.
 
If anyone's at a loose end tonight, I've got a cracking hillbilly band on at the Albert. They were really good in the soundcheck.
 
There are a lot more people sleeping rough atm because of the change in squatting law. Lambeth plod got stuck in as soon as the law changed. Some squatters have found non-residential buildings which are not covered by the new law, others haven't. I know two who were sleeping in a local park recently. At first they didn't even have a tent. They've now found a legal squat. Which is good news for my bathroom and washing machine. ;)
 
Status
Not open for further replies.

Similar threads

editor
Cyclist killed in Brixton
2
Replies
32
Views
2K
T & P
T & P
blameless77
After work pint in Brixton?
Replies
12
Views
798
editor
editor
editor
Homophobia in Brixton
2
Replies
38
Views
5K
Tulster218
T
editor
It's a grim Christmas around Brixton: no lights, no tree and no funfair
Replies
1
Views
742
skyscraper101
skyscraper101
editor
Where to watch England vs Spain Euro 2024 final in Brixton
Replies
6
Views
504
madolesance
M
Back
Top Bottom