Sunday, 8 September 2013

Monsoon called for tax breaks on itself, after doing this to others...

What Monsoon said after a debate calling for tax breaks:
"We need ethical fashion to become part of the mainstream if the industry is to play its part in a more sustainable future" - Peter Simon,Chairman

What Monsoon suppliers say about being paid by Monsoon
Anonymous on Drapers' record | 27 February 2013 9:17 am
"We have worked with Monsoon in the past. The ruthlessness has always been there... unfortunately this is not a "one of a kind" example from the High Street."

Anonymous on Drapers' record | 8 June 2013 11:05 am
"Drapers should investigate Monsoon more carefully they have now asked each supplier to fill out a costing form to show how much they are making. They want a detailed breakdown of overheads and % profit! This along with their terms of payment and discount makes them one of the most unattractive retailers to work with.

I always thought it was a partnership supplying a retailer but Monsoon are incredibly ruthless and someone needs to speak up and investigate."This is a press release promoted by Monsoon.


Industry Calls for Tax Breaks for Eco Fashion Businesses

Harold Tillman, Chairman of the British Fashion Council is spearheading a campaign that will incentivise fashion businesses to work in a more sustainable way and to make eco fashion more affordable and accessible to consumers.

This call for action follows this week’s RE: Fashion Summit and the recent British Fashion Council’s estethica debate on the promotion of ethical fashion and consumer engagement. The campaign, supported by Monsoon, Vivienne Westwood, Edun, George at ASDA, From Somewhere and London College of Fashion’s Centre for Sustainable Fashion, calls on all parties to recognise that to effect change, sustainability and ethical fashion also needs to make commercial sense.
Maybe they want to get the money back that they donated to a political party. Everybody knows that multinationals channel payments through different countries and claim that the profit was made in the one with the lowest tax - Luxemburg for example - but Monsoon wants to save the costs of putting the money through somewhere like Luxemburg and to take the tax break right here in the UK. Oh here is a bit more about ethical fashion.

The retailer was found to have owed £104,508 to 1,438 workers - putting it at the top of a list of 115 companies published today.

Monsoon said the failure occurred between 2011 and 2013 because of its policy of offering staff discounts upwards of 50% on its clothing, which they are encouraged to wear to work.
For a proportion of its 5,000 UK store employees the discount was mistakenly deducted from their wages, bringing them below the minimum wage threshold.

The issue came to light when HM Revenue & Customs reviewed Monsoon’s payroll system.
Staff parking space outside the Monsoon office .

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