Virgin Galactic and Richard Branson

Branson’s tax avoidance goes certainly as far back as his sale of companies in the early 1990’s.

He has lined his pockets at the U.K. taxpayers expense and lately the us tax payers expense to the tune of billions.

We paid for that bloody rocket which I would happily see shoved up his proverbial.

25Avalon

You know slightly off track I am always amazed at how high earners, top cats, spend all their obscene salaries. If I had £100,000 a year I would be more than happy and not know how to spend it all. Some get multiple times that. What do they spend it on? In Branson’s case we know the answer.

I always say that. What do people do with so much money? There’s only so much you can buy. Then what? I think too much money is worse than not enough. The latter gives you something to strive for, and your friends are real. With the former, there’s no point getting up in the morning. You’ve done it all. As for real friendships, I would think it’s constant competition. A pointless existence.

Whitewavemark2

25Avalon

I suppose it’s his money and he can do what he likes with it just like we all do. How many give a tenth of their income to charity?

But the point is , it isn’t all his money.

Some of it is ours.

It's a conundrum, isn't it.

Billionaires have given money to charitable causes or have set up charitable foundations to help the poor around the world.

However, if they paid their employees properly, including those working for a pittance in Third World countries and paid the right amount of tax would there be any need for their so-called philanthropy?

White wave mark... Excellently put and the very same reason why I've totally lost respect for Richard Branson, he also tried to claim furlough, I not sure if he was successful, but all I see in him is a " spoilt, greedy, self-righteous child" who simply hides under a cloak of pretentiousness.

Whitewavemark2

Branson’s tax avoidance goes certainly as far back as his sale of companies in the early 1990’s.

He has lined his pockets at the U.K. taxpayers expense and lately the us tax payers expense to the tune of billions.

We paid for that bloody rocket which I would happily see shoved up his proverbial.

His tax avoidnce goes back way before the 90s. He only escaped prosecution because his family bailed him out Branson eventually started a record shop in Oxford Street in London. In 1971, he was questioned in connection with the selling of records declared export stock. The matter was never brought before a court because Branson agreed to repay any unpaid purchase tax of 33% and a £70,000 fine. His parents re-mortgaged the family home to help pay the settlement.
I wonder if he paid them back?