Issue 16 of The Beestonian magazine

Page 1

The

Beestonian

ISSUE 16: Everything we do, we do it for you.

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_Page 2 The University of Beestonia BESTonians – Beeston's finest _Page 3

Are Boots strapped?

Jam hands! a little sod _Page 4 Boys in the 'hood –Page 5 Soapbox Brown HORACE"S HALF HOUR _Page 6 Au Contraire: Valentines _Page 7 Beeston Beats: Rosh Rai I _Page 8 Famous Last Words Thought For The Month New Sign At The Vic

About Us: We are a locally-run, locally-based, regular, free paper for Beeston and its environs. We are independent in all ways and not-for-profit, so if we say we like it, we really mean it. You’ll find us in good Beeston coffee shops, pubs and other places we love.

Zug, in Switzerland, is a place you’ve probably never heard of, let alone visited. It has few similarities to Beeston despite having a similar population size: while we have a reputation for good ale pubs, Zug is more famous for its Kirsch production; Beeston is built on gently rolling hills and former meadow, Zug is a mountainous area where most residents live near its sprawling lake. Beeston’s best-loved food is probably the veggie burritos served at The Vic, the people of Zug prefer to nom down on Cherry Liqueur Cake. Yet we have a bond that binds us tightly: we’re both home to Boots.

While the 'operational HQ' is down in the Rylands (as they have been for eight decades) since 2008, Zug is the home of the ‘Registered Office’ of Alliance Boots (as it is now known). This means that the company’s tax affairs are generated not from its portly site down the road, but from a small office (No.94 on a nondescript street called Baarerstrasse) 568 miles away from Beeston Square. The company explains this is to “better reflect the international nature of its wider group." Maybe I’m being cynical here, but I’d have thought the fact Zug is a tax haven is what really drew them there. This move has enabled Boots to avoid an estimated £86 million in tax. That’s £86 million each year that could have been spent on schools, hospitals or to mitigate the swingeing cuts being inflicted upon the country right now. These avoidance schemes are perfectly legal, of course, and it would be naive to assume that if the bait is offered, companies won’t bite. However, there is a moral issue here. Beeston is full of small businesses that struggle in these harsh economic times.

They provide local employment, diversity to the town and keep the money they make ‘local’. If we’re to crawl out of recession, we need to be watering these grass roots. Yet while Boots avoids paying its share, these businesses do not have the resources or expensive accountancy teams to up-sticks and register in a far-away canton. The liabilities that are thus, legally, dodged by Boots are put upon these smaller firms: somebody has to make up the shortfall in exchequer. The playing field is not just uneven; it’s a vertiginous slope. I recently met the Shadow Minister for Small Businesses, Toby Perkins MP, at an event at The Other Space, Chilwell Road and asked if he would support local banks and credit unions to help small businesses funding by closing-up loopholes and ensuring these companies are taxed in such a way the Chancellor’s coffers are kept brimming. He rejected this idea, voicing fears that if we are “too punitive,” and then we will “drive businesses away from Britain.” This is a disappointing view. > Continued on page 3


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