asperity Posted February 17, 2011 Report Share Posted February 17, 2011 Perhaps you would like to define "act of god"? Quote Link to comment Share on other sites More sharing options...
Dizzy Posted February 17, 2011 Report Share Posted February 17, 2011 .....An overwhelming natural event, often unpredictable or difficult to anticipate, that is uncontrolled and uninfluenced by the power of man and that directly and exclusively results from the occurrence of natural causes that could not have been prevented by the exercise of foresight or caution or prudence; an inevitable accident. Quote Link to comment Share on other sites More sharing options...
asperity Posted February 17, 2011 Report Share Posted February 17, 2011 Very good Dizzy, but really what we're talking about is what Insurance Companies are willing to pay out on. Quote Link to comment Share on other sites More sharing options...
observer Posted February 17, 2011 Author Report Share Posted February 17, 2011 which provides insurance companies with an excuse not to pay out. Quote Link to comment Share on other sites More sharing options...
Eagle Posted February 17, 2011 Report Share Posted February 17, 2011 .....An overwhelming natural event, often unpredictable or difficult to anticipate, that is uncontrolled and uninfluenced by the power of man and that directly and exclusively results from the occurrence of natural causes that could not have been prevented by the exercise of foresight or caution or prudence; an inevitable accident. Â ............and nothing to do with God. Quote Link to comment Share on other sites More sharing options...
Agamemnon1 Posted February 18, 2011 Report Share Posted February 18, 2011 Sounds more like an attack of wind to me !! Quote Link to comment Share on other sites More sharing options...
Peter T Posted February 18, 2011 Report Share Posted February 18, 2011 .....An overwhelming natural event, often unpredictable or difficult to anticipate, that is uncontrolled and uninfluenced by the power of man and that directly and exclusively results from the occurrence of natural causes that could not have been prevented by the exercise of foresight or caution or prudence; an inevitable accident. Â ............and nothing to do with God. Â No, but allegedly he was there. Quote Link to comment Share on other sites More sharing options...
Dizzy Posted February 18, 2011 Report Share Posted February 18, 2011 Very good Dizzy, but really what we're talking about is what Insurance Companies are willing to pay out on.  I was just answering the question which said 'define act of god'  Insurance companies apparently don't actually use this term anymore and your policy small print will define and specifiy exclusions and show exactly what you are or are not covered for.  Anyone ever read all the small print on theirs though.... mental note to read mine tomorrow just incase  If all else fails and they say it is an act of god then just say you're doing a Steve Myers and file a claim against gods earthbound representatives Quote Link to comment Share on other sites More sharing options...
observer Posted February 20, 2011 Author Report Share Posted February 20, 2011 Which one - he seems to have a few! Quote Link to comment Share on other sites More sharing options...
Lt Kije Posted February 20, 2011 Report Share Posted February 20, 2011 Barclays bank made ?11.6 billion in 2009 and it paid just ?113 million in corporation tax, No tax dodging going on their then Quote Link to comment Share on other sites More sharing options...
asperity Posted February 20, 2011 Report Share Posted February 20, 2011 I think, if you were to actually look into it properly, that this is the figure for tax year 2008-2009 and was the tax owing to HMRC when previous years losses were taken into account. I don't know why you think that HMRC are so incompetent that big companies can somehow fiddle the books to get away with non payment of tax owed Quote Link to comment Share on other sites More sharing options...
Bazj Posted February 20, 2011 Report Share Posted February 20, 2011 All companies are allowed to offset previous years losses against corporation tax. Nothing illegal. Â The morality of them paying so little tax is however, another matter! Quote Link to comment Share on other sites More sharing options...
asperity Posted February 21, 2011 Report Share Posted February 21, 2011 Baz, does your company pay more tax than is necessary out of some moral ideal? Thought not Quote Link to comment Share on other sites More sharing options...
Bazj Posted February 21, 2011 Report Share Posted February 21, 2011 Not at all Asp..... in order to pay tax, one has to first make a profit Quote Link to comment Share on other sites More sharing options...
observer Posted February 21, 2011 Author Report Share Posted February 21, 2011 Havn't done the maths but, was it around ?2.5 billion profit? Off set the previous year's losses = ??. Then tax at 28% = ?. Think "morality" ends once you can afford an accountant - "give unto Ceasare what is Ceasare's etc"; utilising every loop hole possible! Quote Link to comment Share on other sites More sharing options...
Evil Sid Posted February 21, 2011 Report Share Posted February 21, 2011 Which is why accountants charge such high prices and pay so little tax Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.