Toys R Us is an institution though. Shouldn't be forced to go pop by the government. We should all pay our tax but maybe struggling businesses should be given some help with repayment.
My cousin works there.Toys have a big distribution warehouse on the Walsgrave Triangle. More job losses for Cov.
Toys R Us is an institution though. Shouldn't be forced to go pop by the government. We should all pay our tax but maybe struggling businesses should be given some help with repayment.
„The UK business is understood to have made a loss for seven out of the past eight years of trading“
What has that got to do with tax? The government has to treat all retailers equally otherwise you only move the problems of one firm to another by giving, in effect, extra credit to one company. Subsidising a loss making company is detrimental to the others.
Their US parent has not millions but billions $ debt.What's forcing them to go into admin is the £15million tax bill.
Whilst I agree that the business should be responsible, they ultimately should not be forced into administration by the tax man. (In my opinion).
What's forcing them to go into admin is the £15million tax bill.
Whilst I agree that the business should be responsible, they ultimately should not be forced into administration by the tax man. (In my opinion).
Ah no sorry I didn't make it clear. I believe they should be given a structured repayment plan and not forced into admin. If they fail with that then fair do's but we as a nation are losing too many large retailers from the high street.Isn’t it pretty much always the tax man that forces admin?
What about other goods and services they’ve benefited from but not paid yet, should we let them off that too?
Tax is payment for services used, it’s not the government being mean FFS. TRU have benefitted from UKs educated populace, our economy, our roads and have had their stock protected by our police. But because the Internet has destroyed their business model you think they should get all that for free and every other tax payer should foot the bill.
Why?
Wouldn't want taxpayers money being loaned to companies in financial difficulties would weIt's not up to the government to bail companies out though.
Argos will be gone before long. They were taken over by Sainsbury and they've been shutting high street stores and moving them in to Sainsbury as click and collect.Argos book to go and look for what you wanted.
Nice idea but they don't treat them anything like equally. Look at how little tax some high street stores pay compared to others.The government has to treat all retailers equally otherwise you only move the problems of one firm to another by giving, in effect, extra credit to one company.
Ah no sorry I didn't make it clear. I believe they should be given a structured repayment plan and not forced into admin. If they fail with that then fair do's but we as a nation are losing too many large retailers from the high street.
I'm not only thinking selfishly about the time that I like to spend there with the kids to waste an hour, but the jobs and revenue that this business brings to the area.
Despite their reputation, HMRC are selfish enough to rather get their cash than not, so if it's got to this stage, it's safe to say negotiations have broken down and they don't see a way of getting their cash in normal circumstances.Ah no sorry I didn't make it clear. I believe they should be given a structured repayment plan and not forced into admin. If they fail with that then fair do's but we as a nation are losing too many large retailers from the high street.
I'm not only thinking selfishly about the time that I like to spend there with the kids to waste an hour, but the jobs and revenue that this business brings to the area.
Law definitely needs to change to limit salaries & other benefits to directors in non profit situations and to ensure pension contributions are maintained (or the PPF levy must go up).The administrators will now take over and charge a fortune, the problem with all these companies and especially Carillion is bad management who make sure their own nests are well feathered, like the ex fd at Carillion selling all his shares before it went pop.
Toys r us had too many big stores and didn’t change quickly enough but that isn’t the fault of the staff but the people earning the big money.
I've heard there is a lot of bankrupt stock coming up for auction.If I waste an hour in there it costs me a fortune they will be gutted it’s closing although my sons best friends dad won’t be as he is a director of the entertainer
Hope not! Still get my stupidly cheap furniture from them...Argos will be gone before long.
Wouldn't want taxpayers money being loaned to companies in financial difficulties would we
If I waste an hour in there it costs me a fortune they will be gutted it’s closing although my sons best friends dad won’t be as he is a director of the entertainer
Had a Metro in the mid 80's.. arghhhhhhhhh the nightmares are back.Correct.
Otherwise we would still be financing 12" coal seams and selling Mini Metros.
SorryHad a Metro in the mid 80's.. arghhhhhhhhh the nightmares are back.
What's forcing them to go into admin is the £15million tax bill.
Whilst I agree that the business should be responsible, they ultimately should not be forced into administration by the tax man. (In my opinion).
Tough shit, pay up or go bust ! It's the same for everyone or should be. Social responsibility and all that !What's forcing them to go into admin is the £15million tax bill.
Whilst I agree that the business should be responsible, they ultimately should not be forced into administration by the tax man. (In my opinion).
Who else remembers that old electrical components unit in the City Arcade near where Argos is now?Can I just say, I really like Maplin and use it quite a lot, especially for audio connectors and leads etc.
You look online and are not quite sure what you need and if you go into Maplin they are very, very knowledgeable and also give great advice.
Will miss them.
'Electronic Services', I remember when they were located in Gosford Street. There was another much larger one (R.E.S.) in Much Park Street and of course Poole's in Cox Street which was trade-only.Who else remembers that old electrical components unit in the City Arcade near where Argos is now?
Toys R Us is an institution though. Shouldn't be forced to go pop by the government. We should all pay our tax but maybe struggling businesses should be given some help with repayment.
Who else remembers that old electrical components unit in the City Arcade near where Argos is now?
I remember Barnby‘s Toy Shop. Loved it as a kid. These small ( relatively) toy shops bit the dust when the ToysRus concept arrived. That’s life.
I was a regular. Checking out if Airfix had released a new kit damn near every week. Upstairs for the real stuff.That was a great store always got mt subuteo and scalextric stuff there
And a basement for the hardcore.I was a regular. Checking out if Airfix had released a new kit damn near every week. Upstairs for the real stuff.
And a basement for the hardcore.
Or didn't you know about that?
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