"McDonald’s has admitted 90 per cent of its UK employees are on zero-hours contracts. The admission indicates the fast-food chain is potentially the largest zero-hours employer in the UK’s private sector, with 82,800 contracted staff not guaranteed work or a stable income.The controversial practice requires employees to be available for work when it is required but, as they are contracted for 0 hours a week, employers are under no obligation to use them or pay them a set wage."
Link to McScrooge story here.
Good old McDonald’s they sell a lot of junk to the customers and offer nothing but slavery to the employees. No sick pay, no holiday pay, no pension and not a guarantee of any work, this is modern Britain. Multi £billion companies who pay little if any corporation tax and shaft the employees. Most of the workers in supermarkets on a part time job and minimal wage. When they can’t make ends meet we as tax payers subsidise the companies and add to their profits.
Tesco Every little bit helps.
In May 2007, it was revealed that Tesco had moved the head office of its online operations to Switzerland. This allows it to sell CDs, DVDs and electronic games through its web site without charging VAT. The operation had previously been run from Jersey, but had been closed by authorities who feared damage to the island's reputation. In June 2008, the government announced that it was closing a tax loophole being used by Tesco. The scheme, identified by British magazine Private Eye, utilises offshore holding companies in Luxembourg and partnership agreements to reduce corporation tax liability by up to £50 million a year.
Another scheme previously identified by Private Eye involved depositing £1 billion in a Swiss partnership, and then loaning out that money to overseas Tesco stores, so that profit can be transferred indirectly through interest payments. This scheme is still in operation and is estimated to be costing the UK exchequer up to £20 million a year in corporation tax. Tax expert Richard Murphy has provided an analysis of this avoidance structure. Wiki
One law for the rich another for the poor, it was ever thus.
Eddie
No comments:
Post a Comment