Goodbye Cadbury

scorza · 9 Feb 2010 at 19:08

Makunouchi said:
It was due to be closed anyway

Yes but Kraft said they were going to keep it open.

Makunouchi said:
I think you're taking this whole 'big bad corporate America' thing a bit too far...

I'd be just as annoyed if it was another foreign company not based in the US, however it does seem that US companies are the worst of a bad bunch. The main point is that as a British company, Cadbury would be using British lawyers, consultants, advertising companies etc - all that "high value" stuff is going to the US, leaving our economy with what exactly in our hour of need?

Azza · 9 Feb 2010 at 19:09

simulatorman said:
They will probably keep on making them, keeps fingers crossed.

I think 4/5 of your posts you end them with a '

'!

Biohazard · 9 Feb 2010 at 19:46

I can't say I am very suprised by the news that mangement will be ripped out of the UK.

Looks like I could have been right all along eh, fancy that.

Glaucus · 9 Feb 2010 at 19:55

Biohazard said:
I can't say I am very suprised by the news that mangement will be ripped out of the UK.

Looks like I could have been right all along eh, fancy that.

I'm not surprised. But it had a better chance of staying open with Kraft. People seem to forget that it was going to close anyway. A slim chance is better than NO chance.

meghatronic · 9 Feb 2010 at 20:32

I will kill everyone if my Dairy Milk (and derivatives thereof) disappear. It's the only chocolate I can eat.

And I know people dismiss it, but stfu, I don't care. I like the milky goodness. If I want something bitter I'll fellate a battery

VeNT · 9 Feb 2010 at 21:20

sad day tbh

Mp4 · 9 Feb 2010 at 21:36

totally gutted when I heard this

but meh America takes over everything in the end.

petertong · 9 Feb 2010 at 22:12

Zom said:
You can't think of a single example where foreign ownership of a company has been good?

What do you expect? they would keep it open never, its to reduce competition and create a monopoly.

scorza · 6 Dec 2015 at 18:49

http://www.independent.co.uk/news/b...ax-since-115bn-takeover-in-2010-a6762421.html

Kraft have paid no tax in the UK since Cadbury's takeover. I have not knowingly purchased a single Cadbury's product since this takeover went through and I don't see that changing any time soon.

Tefal · 6 Dec 2015 at 18:56

scorza said:
http://www.independent.co.uk/news/b...ax-since-115bn-takeover-in-2010-a6762421.html

Kraft have paid no tax in the UK since Cadbury's takeover. I have not knowingly purchased a single Cadbury's product since this takeover went through and I don't see that changing any time soon.

The company reportedly used a “tax-efficient structure put in place” to erase their UK tax bills by using interest payments on an unsecured £8.2bn debt. The debt is listed as a bond on stock exchanges in the Channel Islands.

According to the newspaper, the interest payment then creates tax losses to offset profits elsewhere in the group, and are routed tax-free out of the UK using the “quoted Eurobond exemption” provided for such bonds.

Lindsay Hoyle, an MP on the House of Commons business, innovation and skills committee that investigated the takeover in 2010, told the Sunday Times: “It’s wrong that companies like these hide behind an international tax system at the expense of loyal British companies who pay their tax.”

we seriously need to sort out the ridiculous legal loop holes in our tax laws.

Skeeter · 6 Dec 2015 at 18:57

Um, OK.

Good on you? Or something? Are we supposed to care? I don't get it?

TheVoice · 6 Dec 2015 at 18:58

Their product range is a lot more interesting since the takeover though, so there's that.

scorza · 6 Dec 2015 at 18:58

Skeeter said:
Um, OK.

Good on you? Or something? Are we supposed to care? I don't get it?

Obviously you do, or you wouldn't have posted

Caged · 6 Dec 2015 at 19:02

I can understand the line that Facebook et al use when discussing tax - in that they are selling a product in the UK based on a product developed in the US, so the vast amount of profit wasn't generated by a UK office.

But when you're talking about making chocolate in the UK based off recipes and techniques originally developed by a UK company and then sending cash back through a cryptic structure of loans and channel island based holding companies it becomes a lot harder to defend. If newspapers can dig it up then the government should be able to.

antijoke · 6 Dec 2015 at 19:02

Tefal said:
we seriously need to sort out the ridiculous legal loop holes in our tax laws.

Indeed we do, but it's easier to go after the disabled and benefits people than these big corps with their fantastic accountants though.

Skeeter · 6 Dec 2015 at 19:03

scorza said:
Obviously you do, or you wouldn't have posted

How do you figure that?

neoboy · 6 Dec 2015 at 19:04

Tefal said:
we seriously need to sort out the ridiculous legal loop holes in our tax laws.

Pretty sure government could have fixed these loopholes long time ago if they wanted to.

Tefal · 6 Dec 2015 at 19:05

Caged said:
I can understand the line that Facebook et al use when discussing tax - in that they are selling a product in the UK based on a product developed in the US, so the vast amount of profit wasn't generated by a UK office.

But when you're talking about making chocolate in the UK based off recipes and techniques originally developed by a UK company and then sending cash back through a cryptic structure of loans and channel island based holding companies it becomes a lot harder to defend. If newspapers can dig it up then the government should be able to.

the government know all about it as its all declared to them in the tax returns its all legal and above board.

For every pound you spend to make a law, someone will pay a 100 to find a way around it.

Skeeter · 6 Dec 2015 at 19:05

anticonscience said:
Indeed we do, but it's easier to go after the disabled and benefits people than these big corps with their fantastic accountants though.

Single employee Ltd companies with the owners paying themselves minimum wage and then tax free dividends are the current targets. Much easier to tackle, but for insignificant sums of money compared to Kraft.

Tefal · 6 Dec 2015 at 19:08

neoboy said:
Pretty sure government could have fixed these loopholes long time ago if they wanted to.

indeed but given we pay our MP's less than the heads of local councils or headmasters it s clear to see they all always put their votes in the interests of the companies that their shares/seats on directors boards/consultancy contracts makes them millionaires.

Pay mp's a flat rate of 1 million a year, and forbid them and their spouses from having any other sources of income (except for one job for the spouse, i have to say spouse because just look at Harmon and her husbands G4s share) no shares, no consultancy, no speeches, no directors boards, no property or renting.

all their accounts regularly checked, any discrepancy.outside income harshly dealt with.