Branson wants a bailout for Virgin Atlantic. Does he pay his taxes? If not – let it collapse

Richard Branson.

It’s very simple: if Richard Branson, his top executives, and his company have all paid the full whack of taxes applicable to them – since the company was formed – then a government bailout may be considered.

Otherwise, let it all collapse. And Virgin Atlantic used to be my airline of preference.

The bribes Branson is offering are fantastic: he’ll put his private Caribbean island up as collateral, which implies he wants us all to think of the bailout as a loan.

Great! If he defaults on payments, can we – the great British public – take free holidays there after the lockdown is over, using Virgin planes to reach it?

That would be pleasant but I have a doubt that the Tory government would allow it. We’re plebs and livestock, after all.

And he said he was investing £215 million of his own money. Also great! But he’s asking for more than twice as much. And how much money is he keeping?

The simple fact is: Denmark and Poland have the right idea.

If corporations and shareholders pay their full taxes, then it is fair for a government to consider using its scheme to bail them out.

If not, then it doesn’t matter how hard they plead, the answer must still be no.

If you’re not paying in, you can’t expect to draw out.

Source: Richard Branson warns Virgin Atlantic will collapse without Government support as he defends himself over bailout backlash | London Evening Standard

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7 thoughts on “Branson wants a bailout for Virgin Atlantic. Does he pay his taxes? If not – let it collapse

  1. Justin

    I counter offer, right good deal, we take your island as collateral, here is another form for you to sign, were offering actually 1 billion instead of the 700M you want, that is for 40% of virgin group so we have a controlling stake, no bonuses, sounds a good deal Richard, sign here

  2. Random Bloke

    F*ck that guy didn’t he sue the NHS the other year?
    Also Virgin Healthcare not paying corperation tax
    Off the top of my head sure those with the time could find more

  3. Joan Morris

    Totally agree we should follow the example set by Denmark and Poland. Would be interesting to know how much tax all those hard working Poles have contributed to the coffers in comparison to ‘Beardie’. His various dodges are already well documented so I’ll just put this comment that a friend made when we were discussing his latest attempt to pass the begging bowl: “This the man who wanted to put lyrics on Tubular Bells, for FFS.”

  4. The Toffee (597)

    They’ll bail him out. Doesn’t matter who’s running the gaffe at the moment, whether it was de piffle or starmer, branson’ll get what he wants.

    It’s what this country does. It’s the UK, and HAS to do things differently.

  5. Jo Owen

    I thought that was the idea of privatisation, they keep the (very substantial) profit because they take the risks. The foot stamping, dummy spitting poor little billionaire will no doubt get his own way as do all the hard done by elite. By the way, pay back the money you stole from the NHS when your bid didn’t win as well as the taxes you should have paid before it’s even considered!

Comments are closed.