The Beckhams! How greedy can you get?!

[MotherOfAllNameChanges]

https://meaww.com/victoria-beckham-employees-furlough-salary-pay-taxpayers-net-worth-posh?fbclid=IwAR2RmDGxYNRagLSTVBlE6DD1q4QV5ZZqjYspPABAAiBrrTgyFWL15DZydGo

@vera99 not sure if you're referring to my last post (thought your '99' was a clue to your leanings!) or my previous post agreeing with your take on new pool where he goes fishing for 'ladies' - titled or otherwise.

She’s a long standing tax avoider.

I’m 1997/8 the spice girls only spent a few nights of the year overnight in the U.K. so they could claim non- resident status and not pay any U.K. tax on the millions they earned that year.

They have probably kept doing that over the last 20 odd years.

I'd love to know if they do that Verily

@Verily1 is quite right. I was horrified by the behaviour of the spice girls in the late 90s. Heaven forbid that they should pay tax in the U.K., eh? It might have been spent on schools or teachers or healthcare for the little girls whose pocket money they had been happily grabbing for several years.

I have decided to boycott VB shops and products even though I couldn't have afforded them in the first place

I think some people are a little naive about how wealth actually works. There is no way that Richard Branson for example has billions of pounds in an easy access account somewhere. He'll have almost no liquidity for most of it and alot of it will be tied up in shares of his own company. He can't simply start spending it paying salaries!

@SlowHorse I had forgotten - it was your seeming adulation of DB as a footie player. My late Dad god rest his soul had no time for the new-fangled, overpaid preening players . Sir Tom Finney al the way - a true knight and gentlemen!

Of course he can. He’s got billions stashed away. I’m sure the gnomes of Zurich could soon lend him some until he could liquidate a bit.

Now I have an image of Victoria Beckham as a kind of vampire feasting on the pocket money of prepubescent girls

@MrsJoshNavidi I'm joining the non-boycott boycott as well. I shall refrain from listening to her solo oeuvre on Spotify but may now and again listen to Spice Girls whilst trying not to hear her voice.

I'll join the boycott ; mind you I joined it when it she started her business as I could never afford her goods anyway and I'm no football fan.
The spice girls were good back in the day , but only because they had Mel C who could actually sing and had a certain charisma and some catchy pop classics!
They sum up the 90s for me.

Now I have an image of Victoria Beckham as a kind of vampire feasting on the pocket money of prepubescent girls

That is funny but actually that’s what these people really are. They always have something to sell. We’re all just a source of revenue that they hope to get their voracious hands on.

How else to explain the “here we are! Don’t forget about us! Keep thinking about us, we’re still here!” publicity-seeking antics during this crisis? Not just the awful Beckhams, other celebrities too.

Watch me posing naked except for a pillow! Look at MEEEE!

Look at us singing a mawkish song to show that we care! Look at us! Look!

All she had to do was not furlough her staff and pivot toward making scubs or some such and she could have feasted on that for months and maybe got a short way to getting David his knighthood. That's all she had to do whilst swanning in her 4 million pounds second home hideaway. I would sack her PR if I was her.

We're all just a source of revenue that they hope to get their voracious hands on
as well as a source of attention to feed their voracious egos and make them feel important

Like vampire bats🦇 they descend upon the population, hoovering up our money and our time, then fly back to their tax havens to wallow in it all

I wish the celebs would just go away too. I'm not interested in their singing or dancing antics or whatever. I never have been really. I like music and certain bands and songs but hearing them trying to play over zoom leaves me cold.

Spot on @vera99 and any PR worth their salt would have recommended exactly that. With a label saying “with love from the Beckhams” sewn onto the front.

Or perhaps VB rejected that advice from her PR people?
I don't imagine she'd want to sully herself by association with such lowly items worn by the common people

The virus is a great revealer of the truth in some awful way. All our faults and graces are amplified either way positive or negative. And we are more in touch with what really matters in our lives. Empty, vacuous, grasping talentless celebs aren't part of that mix. If they end up leaving the public stage post virus then it will be one small mercy amongst many others emerging from the darkness.

Her company hasn't been bailed out by David Beckham multiple times.

They're married. They used family money to bail it out.

Family money is a 21st century construct. It doesn’t exist. David Beckham’s money has bailed out his wife’s hobby business since inception. Apparently after the last £12 million injection he put his foot down.

I think some people are a little naive about how wealth actually works. There is no way that Richard Branson for example has billions of pounds in an easy access account somewhere.

If you have a profitable business and can demonstrate an ability to payback a loan or have sufficient assets to leverage a loan against then a bank will lend you the money. They would see you as a good bet under those circumstances. So why has Branson asks government's for funding?

I don't think anyone assumes his wealth is in his current account or under the mattress but I wouldn't gamble on a company that can't persuade a bank to give them a loan.

Her company hasn't been bailed out by David Beckham multiple times.

They're married. They used family money to bail it out.

In fact, in claiming the furlough grant for her fashion business they are relying on the division between their own money and the funds in their limited companies: this is called the veil of incorporation. The company or companies exist wholly independently of their individual shareholders.

He is a shareholder in the topco of a group of companies. I don’t know much about the group structure but I bet the topco is incorporated in a low tax territory.

She will be a shareholder in some or all of the group companies. The companies that actually make money, presumably his image rights licensing businesses, can bail out loss making companies in the group via inter company loans.

Interco loans can be written off, and I suspect these will be since there is no prospect of the fashion business generating enough cash and profit to repay them.

I think you are conflating the position with some sort of ‘all marital assets are joint’ argument. This is completely different.

I'm not sure why anyone would think seriously rich people wouldn't have ready cash to hand. Of course they have!

Not meaning the figures Branson is after, by VB could get her hands on £150K in an hour, betcha.

I know someone mega rich (salary recently £30M a year, bonus paid out 2 years ago of £49M), he is probably worth in the region of £400M or more. The money will be spread about but easily liquidated if needed. £150K to him and to VB would be like us going to the cashpoint to get out £200

@Iamthewombat if you're not a corporate lawyer in accountant you damn well ought to be!

Thanks Vera. I am an accountant.