Can you describe a plausible scenario in which Tesco lies about its profit margin to make it look smaller than it is, bearing in mind the people who matter to Tesco (its shareholders) want its profit margin to be as high as possible?
If you want to pretend that capitalism is all on the up and up and that the systems we used to keep it in check are not all rotting away at their cores while MBAs figure out new and creative ways to hide money in comp packages, stock buybacks, and other bullshit accounting tactics, that is your right. But I’m not hopping on board with you.
No, I do not want to do that. Never have, never have said anything remotely like that. You should ask yourself why you drew that conclusion.
From this conversation I am led to believe that you don’t know of any realistic way that Tesco could substantially manipulate their profit margin without a high risk of discovery and punishment for tax fraud, nor any reason why, if they in fact could do so, they would be manipulating it to make it appear smaller than it is, rather than larger.
In my country, supermarkets typically make about 2-4% profit, and were marking 4-6% 10 years ago. So I guess they can complain…
Yup, those are the rules.
How often does Winnie the Pooh stop by your place? Cuz it sounds to me like you live in Fantasyland.
See page 5. Tesco is generally the most profitable supermarket in my country.
So those are the facts here in Fantasyland, what have you got?
Read this document by tesco to know the absolute truth about tesco. As if all the creative accounting didn’t happen prior to that disclosure.
Do you know what an audit is?
Can you describe a plausible scenario in which Tesco lies about its profit margin to make it look smaller than it is, bearing in mind the people who matter to Tesco (its shareholders) want its profit margin to be as high as possible?
If you want to pretend that capitalism is all on the up and up and that the systems we used to keep it in check are not all rotting away at their cores while MBAs figure out new and creative ways to hide money in comp packages, stock buybacks, and other bullshit accounting tactics, that is your right. But I’m not hopping on board with you.
No, I do not want to do that. Never have, never have said anything remotely like that. You should ask yourself why you drew that conclusion.
From this conversation I am led to believe that you don’t know of any realistic way that Tesco could substantially manipulate their profit margin without a high risk of discovery and punishment for tax fraud, nor any reason why, if they in fact could do so, they would be manipulating it to make it appear smaller than it is, rather than larger.
Thanks for your time.