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Stores are making record profits while complaining (thelemmy.club)
submitted 2 months ago by to c/microblogmemes@lemmy.world
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[–] 1 point 2 months ago (1 child)

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.

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  • [–] 1 point 2 months ago (1 child)

    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?

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  • [–] 1 point 2 months ago (1 child)

    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.

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  • [–] 1 point 2 months ago

    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.

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