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  #15 (permalink)  
Old 7th December 2010, 11:32
Gotno Gizmo Gotno Gizmo is offline
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More about Cadbury's

Please see this link to the Guardian newspaper:-

Cadbury's secret Swiss move will cost UK exchequer millions in tax | Business | The Guardian
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  #16 (permalink)  
Old 15th January 2011, 12:06
Gotno Gizmo Gotno Gizmo is offline
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Latest Comment about "Smart Money" Acquisition

The Financial Time's latest comment about the Cadbury chocolalate takeover

Legacy of Cadbury’s will reduce suitors’ timescale
By Louise Lucas
Published: January 14 2011 22:16 | Last updated: January 14 2011 22:16

Last year’s review of the Takeover Code is one legacy of the hostile bid battle – or rather, say bankers, a manifestation of how highly politicised the process became.

Kraft had its knuckles rapped over its “belief”, reiterated several times in print during the course of the takeover, that it would be able to save the Somerdale factory that Cadbury planned to close.
Either way, the Takeover Panel decreed that “Kraft should not have made the statements in the form in which it did in circumstances where it did not know the details of Cadbury’s phased closure”.
In the event, Kraft decided to follow Cadbury’s decision, and the Somerdale plant will be closed shortly.
In the febrile pre-election days of 2010, the takeover quickly became a flashpoint. It played to long-running debates over how open the UK should be to foreign takeovers and whether there should be more impediments to hostile deals.
Cadbury, with its Quaker roots and mastery of benign capitalism, was the perfect lightning rod. “There was a lot of knee-jerk reaction,” says one insider. “Everything got thrown into the mix: should takeovers be made harder? Are hedge funds allowing takeovers to happen too easily?” Another concurs: “It all got uber-political.”
Underlining that the sound and fury was more political than pragmatic, those involved claim the chief proposed change to the code so far – less time to ‘put up or shut up’ – would have done little to scupper the Kraft deal.
It will, however, make hostile takeovers slightly more difficult by reducing the time bidders have to do preparatory work such as securing finance, they add.
Copyright The Financial Times Limited 2011.
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  #17 (permalink)  
Old 26th January 2011, 13:26
Gotno Gizmo Gotno Gizmo is offline
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American Takeovers Citicism-2008

It seems that a few people where catching onto the global acquisition racket eminating from the USA back in 2008, but it wouldn't have been understand by the average "Joe" or given any airtime by the oligarchy owned media.
Please see:-
YouTube - Lewis Black in: No Free Lunch (Full Version)
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  #18 (permalink)  
Old 4th March 2011, 16:45
Gotno Gizmo Gotno Gizmo is offline
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Quote:
Originally Posted by nickcsadler View Post
I do agree... the capitalists need a reality check and they MUST be taxed fully and fairly... we are being screwed by the establishment...
Nick, as a British guy I hope you saw Independant Television Channel 1 last night.
It shows just how much the British Economy is being screwed by tax evasion.
Of course Cadbury's chocolate, now owned by Kraft (USA owned)where mentioned. Following is a write up about that programme:-

In a time of rising taxes and Government cuts in spending, Tonight looks at the issue of tax avoidance, the perfectly legal way that big business avoids paying corporation tax in the UK. Estimates suggest that corporations are saving £12 billion a year through legal loopholes. Our reporter Jonathan Maitland looks at how they do it and is there any way to stop it?

We follow UK Uncut, a new protest group, on their demonstrations. They have targeted big high street names such as Boots, Barclays, Tescos, Walkers and Cadburys who they believe are very wealthy companies and should not be allowed to get away with not paying the full rate of corporation tax. This UK Uncut movement has developed through social media outlets like Twitter and Facebook and is making headlines, pushing this issue onto the public agenda and getting stores closed down as they spread the word to the public through protests.

Few people understand these very complicated schemes so we enlist the help of journalist Richard Brooks, formally an assistant director of the taxman’s international division, to help guide Jonny through the maze of loopholes and help us to understand how it’s done.

Business believes that critics are misleading people and in this era of cuts they are becoming an easy target. Richard Baron from the Institute of Directors explains that these employees pay income tax, employees national insurance, employers national insurance and VAT. The presence of companies in Britain generates enormous revenue, much more that just the corporation tax.

In this global economy some companies are actually bigger that countries, BP for example is bigger than Ireland, and countries now have to compete with each other to attract business wealth.

Many people believe that the Government has to look at closing the loopholes. The Budget is in three weeks and we will find out then if the Chancellor can balance a tax avoidance crackdown with a softer approach to attract companies to stay.
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Old 4th March 2011, 18:12
AkMike AkMike is offline
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Is Cadburys going to move in on the Ukraine market/ manf. to compete with Roshens and Nestles? If no then this is yet another non Ukrainian post.
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Old 4th March 2011, 22:00
nickcsadler nickcsadler is offline
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Clearly AK you have a real downer on Gotno... and it is also very apparent that you haven`t read all of the thread... try reading Gotnos` post on the 17th N0vember 2010 @ 09:59 and you will find the reference to Ukraine you clearly desire... also do you post such anti remarks against ALL posts not mentioning or apertaining to Ukraine???
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  #21 (permalink)  
Old 5th March 2011, 01:18
AkMike AkMike is offline
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Only in this area. If he wants to rag on anyone do it in the Open Area, where there is no guide lines. I personally usually skip it and try to gain information on Ukraine in this area. I guess this is wasted effort also.
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