Re: That unmentionable sporting event - the madness continue : Wed Jul 25, 2012 5:29 pm
El Barbudo wrote:
I see that 38 Degrees are scaring the Corporate sponsors one-by-one.
First McDonalds, then Coca Cola ... changing thier minds and not offshoring the profits to avoid tax from their monopoly sales at the Olympics.
Amazing what a bit of organisation and publicity can do.
First McDonalds, then Coca Cola ... changing thier minds and not offshoring the profits to avoid tax from their monopoly sales at the Olympics.
Amazing what a bit of organisation and publicity can do.
They wasted their time. One of the conditions of being a host country is that official sponsors don't pay tax on any profits directly derived from the Games. So none of it would have been offshored to avoid tax, as none would have been due.
What has happened here is two multinationals agreeing to pay more tax than they have to, in order to get some positive publicity.