OT: Yanks want to buy BP!

Successive UK governments have allowed our prized companies to be taken ove r by foreigners - euphemistically describing it as "inward investment". BP is the largest contributor of tax to the UK Treasury and one of the largest dividend payers on the LSE. Most people'spensions are dependent on these d ividends. To allow it to be sold and taken off-shore would be absolute madn ess.
Other countries have legislation to restrict foreign takeovers, whereas we give them open access. Uniever was targetted 3 weeks ago but escaped. Who will be next - Shell, Reckitt, LSE, BAT, Imperial Tobacco, GKN, Diageo, ITV ? They all will go - it's just a matter of time
I look back in dispair at the UK businesses or brands that have been sold t o foreigners and so no longer contribute to the exchequer. Their profits ar e siphoned off to provide dividends, pensions and tax revenue in other coun tries.
Here are some of the names that are no longer UK owned.:
Cadbury, ARM (computer chips), Land Rover, Jaguar, MG, Crosse & Blackwell, Leyland Trucks, Blue Circle Cement, Coventry Climax, Perkins, SABMiller (br ewing), Scottish & Newcastle, Tetley,Rolls Royce Cars, Bently, Camelot, Wee tabix, Brooke Bond, Branston, British Airports, British Ports, Bond, 75% of all the bus operating companies, 80% of alll the water copnies, 90% of all the electricoty suppliers, Robertsons (Jam), Gales Honey, Boots, Raleigh, Asda, Thames Water, Colemans, Harrods, House of Fraser, Walkers Crisps, Har tleys Jam, Lotus, Wiseman Dairies, Typhoo, Terrys Chocolate, Bass, beefeate r, Chivas Regal Glenlivet, O2, EE, The Times, Hamleys,Umbro, ManUtd, Ribena , Lucozade, McVities and many more.
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On Friday, 10 March 2017 18:55:03 UTC, Bazza wrote:

ver by foreigners - >euphemistically describing it as "inward investment". BP is the largest contributor of tax to the UK >Treasury and one of the lar gest dividend payers on the LSE. Most people'spensions are dependent >on th ese dividends. To allow it to be sold and taken off-shore would be absolute madness.
Might as well start waving it "Goodbye", then.
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On Friday, 10 March 2017 19:25:09 UTC, snipped-for-privacy@googlemail.com wrote:

Don't see it do you? There was a big fuss this week about the Chancellor ta king an extra £2 Bn in National Insurance contributions from the self- employed. This is nothing compared to the £8Bn that BP pays to the Cha ncellor in tax. Loose BP and you loose £8 Bn -every year.
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On 10/03/2017 20:51, Bazza wrote:

How much will they be paying to the Chancellor when we are all driving electric cars in 10 to 20 years time.
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mailto: news admac {dot] myzen co uk

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Depends if they keep up with current technologies (BP generally do).
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Andrew Gabriel
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On 11/03/17 13:50, Andrew Gabriel wrote:

in 10 -20 years the snowflake generation wont be driving at all, it having been shown that a suitably programmed z80 has more intelligence and is a better driver than an islamosocialist.
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That's just loose change.
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bitch, of course, but that's because bitching is fun, unlike M$ OS's, where
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Those Brexiteers who are optimistic about trade agreements with our transatlantic cousins may like to reflect on the real purpose of all the huge and arbitrary fines following the Gulf of Mexico oil leaks. Which fines may suddenly disappear when the company falls into American hands.
--

Roger Hayter

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On Fri, 10 Mar 2017 23:31:09 +0000, snipped-for-privacy@hayter.org (Roger Hayter) wrote:

The US likes to be in a controlling position just as much as the politicians of the EU and the more UK assets the US controls the harder it will be to trade independent . If the US especially with the Presidents America First policy doesn't like a trade deal that the UK may be doing they will do their best to nobble it by fair means or foul. It isn't as if they don't already have form with this sort of thing by using legal measures to extradite business men from here and jailing them because of trading with a country they don't happen to like while our politicians did nothing. That was my principle preference for with voting to stay in the EU , it might be a pervading interfering body in some things but that it was 27 nations constantly bickering amongst themselves meant for a certain amount of muddle and the UK could argue as one of them. I accept the referendum result and that we are now leaving but do think we will be swapping some control by the EU to become a puppet jumping on strings controlled by the US rather than the truly independent trading nation Brexit should lead to. And the haste with which our PM went on an arse licking visit to President Trump before he barely moved in and started to show his colors seems to indicate our government is happy to go along with that. We have a special relation with the US alright, it is Master and Slave not one of equals and should the UK get a good deal with say China that the US does not like then they will do their utmost to make life difficult if not directly then elsewhere.
G.Harman
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No alternative if you want to be able to take over foreign companys.

In fact it pays fuck all tax, just like every other multinational.

Those dividends arent going to stop if the yanks buy it.

The pension funds will still get those dividends.

Mindless parochialism.

So does Britain.

Another pig ignorant lie.

Because they arent anything special.

Even sillier than you usually manage.

Then set fire to yourself outside the houses of parliament.

Even sillier than you usually manage.

Even sillier than you usually manage.

Then do the decent thing and set fire to yourself or sumfin.
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On 10/03/2017 23:04, Rod Speed wrote:

US companies historically pay little or no dividends, but rely on constant share buy-backs to ramp the share price (which is directly connected to the CEOs 'performance'- related bonus package).
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Andrew wrote:

    I have seen no evidence of a bid for BP. What is the source of this claim.
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wrote:

It always amuses me that those who demand Starbucks et al pay UK tax on UK earnings are quite happy to accept tax from UK companies from profits made abroad.
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Care to explain what you mean by earnings and profits?
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Dave Plowman snipped-for-privacy@davenoise.co.uk London SW
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On Sat, 11 Mar 2017 13:05:49 +0000 (GMT), "Dave Plowman (News)"

No. Ask an accountant.
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But I already understand them. You, on the other hand...
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Dave Plowman snipped-for-privacy@davenoise.co.uk London SW
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On Sat, 11 Mar 2017 13:59:17 +0000 (GMT), "Dave Plowman (News)"

... are commenting on the views of some 'protestors' who may have a different concept of earnings and profits rendering my understanding and your understanding irrelevant to the point I was making.
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Plowman's a Lefty. So far as he is concerned, everything belongs to the State.
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Then that makes you one of the freeloaders. No need to pay any taxes at all. Leave that to the poor fools who have no option.
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*A conscience is what hurts when all your other parts feel so good *

Dave Plowman snipped-for-privacy@davenoise.co.uk London SW
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You are amused by Starbucks using every trick in the book to avoid paying UK taxes? On sales of over 1 billion gbp it apparently made no profit?
Nice to know you are happy to pay a larger share of the money needed to run this country so this can happen. I can only assume you are a tax dodger too.
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Dave Plowman snipped-for-privacy@davenoise.co.uk London SW
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