The Big Society and other conundrums

Well, they are doing something not generally open to SME's or indeed most
large companies I've been associated with.

Profits a UK company generates overseas may be taxed in that jurisdiction
and the net revenue remitted to the UK. That's another matter and hardly a
matter for objection.

 

Wasn't the Barclays situation due to it making large losses in the
previous year and therefore being allowed to offset those losses against
profits the following year?

The whole media storm against companies[1] tax payments makes me very
ranty, if they are doing something outside of the tax laws, then I'm all
for HMRC going after them, but if not, then shut the **** up about it.

What would the mongs like Barclays to do? Should they say "Well, our
tax liability for this year following the HMRC rules is £113m, but that
seems a little low, I think we should pay about £4bn because that seems
fairer"? If the rules are wrong, then that's a different matter, but
stop getting frothy at the mouth about companies doing legal things to
minimise their tax bill. </rant>

[1] especially banks