Starbucks, Amazon, George Osborne.

[Gromit]

// The upmarket fabric and wallpaper group (Osborne and Little), in which George Osborne has a multi-million pound interest, recorded a loss of £301,000 for the year to March 2012, and paid no corporation tax.

The loss came on turnover of £23 Million.

Despite the poor performance, the company was able to donate £4,000 to the Conservative Party. //

You couldn't make it up could you?

[stewey]

Apparently they did:)

[jno]

very difficult to lose money on a turnover of £23m, I would have thought, but I suppose that's why you have acocuntants.

[FredPuli43]

Bad management, Gromit. What was the family again? A bit of digging should reveal far more waste than £4,000.

Accountants see no virtue in having losses. The days when you could sell a company at a good price simply because it had enormous losses are long gone. All you can do with the losses is carry them over to set against profits in the following year(s) .

[jake-the-peg]

// In total, directors' pay, including benefits and pensions, increased from £1.1m to £1.3m. //

Osbourne has also said:

//Of course rewards for failure are unacceptable - //

http://www.bbc.co.uk/news/mobile/uk-politics-16937804

Wish I could get a 20% pay rise if my company were losing money like that!

[jno]

apologies for my spelling of accountants, it was accidental.

[Duncer]

Why should he worry, his expenses will cover any losses?