bluesonichd
TS Member
Will depend on how fast it’s increasing I would think
Any lifting on restrictions will inevitably see a rise in infection
Any lifting on restrictions will inevitably see a rise in infection
The theme parks would never close they would just be sold off and run by a different company. As I said many time’s before when the year is over that’s when it will interesting to see what happens to Merlin.There might be a case for Merlin getting support from the government. But since their business is registered in Luxembourg, they’d have to speak to the government in Luxembourg. You can't expect to register your company for tax purposes in one country and take a bailout from another country.
https://www.theguardian.com/business/2010/mar/09/merlin-entertainments-sales-rise-6-percent
Obviously I don't want to see Merlin go down the plughole, and if any of their theme parks closed it'd be very sad. However, it's estimated that the government misses out on £25 billion of tax every year from tax avoidance. When you look at all this tax avoidance and the misery that austerity's caused, I don't think Merlin deserve any kind of a bailout.
There might be a case for Merlin getting support from the government. But since their business is registered in Luxembourg, they’d have to speak to the government in Luxembourg. You can't expect to register your company for tax purposes in one country and take a bailout from another country.
https://www.theguardian.com/business/2010/mar/09/merlin-entertainments-sales-rise-6-percent
Obviously I don't want to see Merlin go down the plughole, and if any of their theme parks closed it'd be very sad. However, it's estimated that the government misses out on £25 billion of tax every year from tax avoidance. When you look at all this tax avoidance and the misery that austerity's caused, I don't think Merlin deserve any kind of a bailout.
That article is over 10 year old. Merlin is UK registered and pays UK corporation tax (£49 million last year) plus any employment taxes for UK employees.
There's quite a number of reasons to set up business in Luxembourg, tax is part of it - but it's also set itself up for being a good location for a holding company for other reasons too - not pretending it's got nothing to do with tax though, of course it has.There's been a lot in the media about tax avoidance and Blackstone don't sound like the sort of people who'd pay more tax than they'd have to. But perhaps I've been overly cynical. I don't want to slur Merlin's reputation if they are paying a fair share of tax.
There's quite a number of reasons to set up business in Luxembourg, tax is part of it - but it's also set itself up for being a good location for a holding company for other reasons too - not pretending it's got nothing to do with tax though, of course it has.
That said, although Merlin might be considered a British company (it is, in a lot of ways) - it's not British owned and an increasing percentage of its business won't be in Britain. You've got to be based somewhere, after all.
I think if the parks suddenly hiked up their prices by 15% next year people would notice! It would be blatent what they are trying to do and most people will realise so.
Is it by that much? I don't know, I reached my cut off point and stopped going a few years back.Don't Merlin hike up their prices by 15% every year anyway ?
Is it by that much? I don't know, I reached my cut off point and stopped going a few years back.
Don't Merlin hike up their prices by 15% every year anyway ?
Is it by that much? I don't know, I reached my cut off point and stopped going a few years back.