Barclay twins' Ritz hotel pays no corporation tax

Discussion in 'Luxury Hotels' started by rwoman, Dec 17, 2012.  |  Print Topic

  1. rwoman
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    rwoman Gold Member

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    BBC: Barclay twins' Ritz hotel pays no corporation tax

    Starbucks, Google, now London's Ritz hotel. Taxes...WHAT taxes!? ;)

     
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  2. uggboy
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    uggboy Gold Member

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    What else would / could we have expected from the Barclay twins?

    [​IMG]


    The accounting tricks may have been legal, but is it morally right? It only shows that politicians and businesses are way too near of each other.
     
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  3. uggboy
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  4. uggboy
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  5. uggboy
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  6. uggboy
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  7. uggboy
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    Here's another very important update / development concerning the case McKillen vs. Barclay brothers:

    McKillen successfully acquires his own loans from IBRC


    One more important quote from the report:

     
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  8. uggboy
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    Last edited: Mar 9, 2014
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  9. gregm

    gregm Gold Member

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    The rich get richer.
     
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  10. uggboy
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    As they always do. :eek:

    The "fight" for this three hotels in London is however most fascinating. :):cool:
     
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  11. gregm

    gregm Gold Member

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    Now I'll have to do some reading up on those reclusive Barclay brothers.
     
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  12. uggboy
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    McKillen triumphs as the Barclays exit hotels

    Belfast developer Patrick McKillen's battle for three of the most exclusive hotels in London appeared to end in victory yesterday, after his rivals the billionaire Barclay brothers and financier Derek Quinlan sold their interest in them.

    The Barclays have offloaded their interest in the company behind Claridges, The Berkeley and The Connaught hotels to Qatar's Constellation Hotels Group.

    The move brings to an end the Barclay brothers' interest in the hotels and ends what had been one of the most bitter disputes in business over the past four years. In a statement, a spokesman for David and Frederick Barclay confirmed that they and Mr Quinlan had ended their interest in Maybourne Hotel Group, which owns the hotels.

    http://www.independent.ie/business/...phs-as-the-barclays-exit-hotels-31167303.html
     
  13. uggboy
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    Qatari group buys McKillen’s stake in London hotels

    Developer Paddy McKillen’s stake in three luxury London Hotels – Claridges, the Berkeley and the Connaught – has been bought by the Constellation Hotels Group.

    Qatar-based Constellation Hotels acquired Mr McKillen’s 36 per cent shareholding in the Maybourne Group, which is the owner and operator of the three hotels.

    According to an agreement between them, Mr McKillen will continue to lead, direct and develop these assets.

    http://www.irishtimes.com/business/...s-mckillen-s-stake-in-london-hotels-1.2191190
     
  14. antonov2015l

    antonov2015l New Member

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    If that is true . That is very, very wrong. And must be punished
     
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  15. uggboy
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    Unlikely, sadly politicians are "too near to business" and it's unlikely that "wealthy individuals" involved here will pay their taxes so that a country like the UK can invest into their social fabric and doesn't descent into more "fragmentation within their own society" which happens when people don't pay their fair share on profits they make while "poorer individuals" pay a much higer % of their income in taxes, which of course is money "poorer people" need to pay for urgent things incl. food, bills, rent, mortgage, a car, schools, insurance, health and on, while the wealthy "play their games, raking in lots of money" without a care in world for societies who're fed up with them, but then, as long these "wealthy individuals are wealthy and gain influence" nothing will change in regards of "splitting up" our societies in have and have nots, all for the wrong reasons, while protecting the people who don't need any protection as they rarely face the dilemma of "should I pay the bill or should I buy food"? nor do they need lower taxes for that matter, the rich.
     

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