Re: This will have to hurt
Originally Posted by
Solasch
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Friend bread, you must not let your hatred of the EU cloud that sharp business brain of you. Take the nissan's perspective. They don't need to move the sunderland plant, they just close it. The loss on investments in machinery they write off. In britain it is deductable for taxes, so less taxes to pay. Probably nissan won't lose out on closing sunderland at all. Nissan keeps open their spain and indonesia plants (which produces the same models as sunderland) and keeps happily selling cars. They don't care about their workers, and neither does the british government.
Why would you close a plant that makes a huge profit on the 500,000 cars it sells a year because of tariffs ?
So when the USA puts higher tariffs on German cars should BMW, Mercedes, VW, Skoda all close their plants as well ? There are 6.5% tariffs on Indonesian car imports already to the EU.... just saying like.
Anyway, Spain doesn't make the same models as Sunderland though .. it makes that big ugly out of date "Pajero" or something like that (if my memory serves me right). I think your just making things up again. Especially as I've already explained the tax implications of moving a business to Spain, with its higher corporation tax, higher VAT etc (see my earlier post)
Oh yeah, while you're on, how do you move the Sunderland plant to Spain exactly then ? You never did give me an explanation and being an expert I'd like to hear how you can do it before 31st December. If you write it down for me I'll send it to them and see what they think.