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Wiggle take over CRC?
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jayski




Joined: 30 Jul 2018
Posts: 57

PostPosted: Mon Oct 01, 2018 1:28 pm    Post subject: Reply with quote

GrahamO wrote:
jayski wrote:
EVERYONE is setting up warehousing in Europe. Goods will never touch these shores and scores of jobs and businesses are relocating to Ireland, Benelux etc etc - hey, its what people voted for.


Yes, all those people complaining about jobs in an Amazon warehouse will get what they wanted - an end to the conditions. Eu decides to tax the Uk by 5% under WTP rules, Uk drops Corporation Tax by the same amount and the importers are all square but without the EU bureaucracy.

Just what the EU feared - a low tax environment offshore over which they have very little control and who can easily import into the EU under WTO rules.

As to 'scores of businesses' I think you've been reading the Independent too much.


Well, no. EVERY business I deal with, day to day - yes it is not a poll of UK industry as a whole but over 100 businesses I personally know are actively setting up ways of continuing business outside of the UK whereas up to now they/we were happy trading in the UK. It may work out fine but I dont know of a single business that would sensibly want to avoid planning for it being less than fine.
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jayski




Joined: 30 Jul 2018
Posts: 57

PostPosted: Mon Oct 01, 2018 1:31 pm    Post subject: Reply with quote

mattsurf wrote:

Of course Evans, CRC/Wiggle etc could setup an operation in the EU, however, this would be extremely costly to do

CT is payable against profit not Turnover, so a reduction in CT doesn't help.


They already have. Why do you think Citadel (wiggle group) purchased bikediscount.de? they now have ready made warehousing and logistics + a brand name they can leverage.
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Jorgan




Joined: 12 Nov 2007
Posts: 17748
Location: alles was ich bin, alles was ich war

PostPosted: Mon Oct 01, 2018 3:02 pm    Post subject: Reply with quote

jayski wrote:
mattsurf wrote:

Of course Evans, CRC/Wiggle etc could setup an operation in the EU, however, this would be extremely costly to do

CT is payable against profit not Turnover, so a reduction in CT doesn't help.


They already have. Why do you think Citadel (wiggle group) purchased bikediscount.de? they now have ready made warehousing and logistics + a brand name they can leverage.


I guess this isn't quite so easy for small firms!
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mattsurf




Joined: 28 Sep 2016
Posts: 641
Location: Zug, Switzerland

PostPosted: Mon Oct 01, 2018 3:12 pm    Post subject: Reply with quote

jayski wrote:
mattsurf wrote:

Of course Evans, CRC/Wiggle etc could setup an operation in the EU, however, this would be extremely costly to do

CT is payable against profit not Turnover, so a reduction in CT doesn't help.


They already have. Why do you think Citadel (wiggle group) purchased bikediscount.de? they now have ready made warehousing and logistics + a brand name they can leverage.


I didn't know that Citadel had bought Bikediscount.de (maybe they can now work on improving their website). I think I made the point in the other thread that Wiggle would probably set something up in Europe... but what about loads of smaller cycle businesses, who currently sell parts to Europe? I am guessing that some of them will have trouble surviving if they lose their revenue from EU countries
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Jorgan




Joined: 12 Nov 2007
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PostPosted: Mon Oct 01, 2018 3:28 pm    Post subject: Reply with quote

We have to make sure the fishermen of Grimsby are okay first; then worry about the minnows of the cycling industry.
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awildt




Joined: 08 Apr 2011
Posts: 695
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PostPosted: Mon Oct 01, 2018 3:36 pm    Post subject: Reply with quote

Jorgan wrote:
We have to make sure the fishermen of Grimsby are okay first; then worry about the minnows of the cycling industry.


Yeah, cos this https://www.theguardian.com/environment/bike-blog/2018/jun/16/uk-cycling-steel-industry-strategy

But then I'm sure this has been shared here before.
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