Defence contract goes to spain

  Strawballs 20:34 23 Jun 12

You would not find this happen in the states.


  morddwyd 21:41 23 Jun 12

I'm not saying it's right, but the US is a poor comparison.

Defence industries are feather bedded over there, and they're not subject to EU tendering and competition rules.

The reason Spain does so well is partly because of its tax regimes. Its government at times defies the EU and gives tax incentives to companies, while charging UK investors in Spanish companies (e.g. Santander, O2) high withholding tax.

A level playing field would be nice

  interzone55 21:45 23 Jun 12

But then again, the US quite famously overpays many of their defence contractors...

  Aitchbee 22:24 23 Jun 12

As I can't get the SUN link to work...but I could read the 'headline' link, I would suggest their (The Sun's) usage of the verbs 'axed' and 'nabs' should have been replaced with 'lost' and 'wins' respectively.

  Strawballs 23:01 23 Jun 12

We had similar round here back in the 90's there was a Fergason TV factory which had full order books which was bought by the French Thomson company who then shut the factory and moved all the orders to Spain which would have been illegal in their own country.

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