Does Virgin Atlantic Pay U.K. Tax? Yes, No And That’s Besides The Point [Forbes]
Delta Air Lines, Inc. (DAL)
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Source: Forbes
The court of public opinion does not support Virgin Atlantic receiving a U.K. government loan if Virgin, like its founder Sir Richard Branson, does not pay U.K. taxes.“This is Branson’s second go at trying to fleece the British taxpayer for state aid,” Ryanair CEO Michael O’Leary toldSky NewsBranson rejects claims he moved to the British Virgin Islands for tax reasons. Irrespective of why he is there, his flagship airline Virgin Atlantic is based in the U.K. and has obligations there. “Our companies based in the U.K. pay tax in the U.K.,” BransonsaidYet Virgin Atlantic has not paid a profit tax to the U.K. government in two years, according to its most recent accounts.Virgin received a tax credit of£22m£14mToday In:Unlike Passengers, Cargo Never Complains. But Can It Make For Airlines During Crisis?Richard Branson, center, founder of Virgin Atlantic and the Virgin Group, smiles after he arrived on... [+]a flight from London to Seattle, Monday, March 27, 2017, at Seattle-Tacoma Inter
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