Fair tax: Maybe rich people should pay it too."

[Odds]

Ireland has a low-tax incentive for corporations but i wonder how much of that lost tax revenue is offset by jobs in the local economy. Investopedia - this helped to boost the economy for the boom at the end of the 80s but had receded by the end of the 90s and brought about a slump at the beginning of the 21st century.
Tesla is in the process of building a new factory in Mexico, and while new jobs will be created the government of Mexico will not accrue any tax revenue due to the benefits provided to incentivise the investment, while vehicles sold back to the United States will be taxed there, providing the American government with the benefits of making the cars in another country.
This sounds like the kind of economic plan Tory Bre*iters have for the UK. How will this help reduce our deficit?

 

[JohnD]

Ireland runs a beggar-my-neighbour scheme where it intends to attract businesses from other countries by offering lower tax.

Obviously, when countries compete to underbid each other, the result is that billionaires and multinationals pay less. The humble taxpayer pays more, and/or public services are underfunded.

 

[Mottie]

Ireland runs a beggar-my-neighbour scheme where it intends to attract businesses from other countries by offering lower tax.

That’s better than not offering lower tax and not attracting businesses. What’s your solution - put tax up and turn away businesses from other countries?

Do you take advantage of your dividend tax allowance on the dividends from your amazing share and investment portfolio?

Did you ever consider going into politics to bring about change with your superior knowledge of taxation, immigration, defence, policing, high finance, education and many other areas or do you think you have a bigger audience on a DIY forum?

Maybe JohnD doesn't care!

 

[Odds]

Bre*iters have already stated they don't care; announcing the no-tax, no-consequences future for Bre*it Britain to the applause of their supporters, mouths agape for the crumbs they hope will fall from the high table where the fat cats dine, oblivious to their clamour.

 

[noseall]

That’s better than not offering lower tax and not attracting businesses. What’s your solution

Set up a large collective of countries that says the super rich don't get an easy ride here. We could call it the European Unity or some such.

 

[SirGalahad]

Ireland opted to do the exact reverse and investment flooded in along with jobs and prosperity.

Thank you for proving the point, Ireland is a tax haven.

 

[SirGalahad]

That’s better than not offering lower tax and not attracting businesses. What’s your solution - put tax up and turn away businesses from other countries?

Do you take advantage of your dividend tax allowance on the dividends from your amazing share and investment portfolio?

Did you ever consider going into politics to bring about change with your superior knowledge of taxation, immigration, defence, policing, high finance, education and many other areas or do you think you have a bigger audience on a DIY forum?

Maybe JohnD doesn't care!

You are about as dumb as they get and Brexit Tories are dumb.

Attracting businesses with low taxes is self defeating, the tax will just then be paid by the employees, tax should fall on unproductive land, time you read something apart from the Mail and the Sun.

 

[SirGalahad]

You need to be a special kind of stupid to believe taxing wealth and capital less means you will be worse off as a normal joe wage earner. The temporarily embarrassed millionaires.

 

[Mottie]

Attracting businesses with low taxes is self defeating, the tax will just then be paid by the employees,

What were those employees doing before the business located there? At least you seem to understand that a business creates employment in the country it’s located in and brings employment to the area. Glad we sorted that.

 

[SirGalahad]

What were those employees doing before the business located there? At least you seem to understand that a business creates employment in the country it’s located in and brings employment to the area. Glad we sorted that.

You seem to think the employees were not working. Seriously you are so dumb. You called them employees therefore they were in work.

Where does this business get its income from?

Obviously the extent of your knowledge is the corner shop needs you more than you need it level of economics.

 

[Mottie]

You seem to think the employees were not working.

And you seem to think the employees were working somewhere else for more money and paying less tax so they moved to the new company to be treated like shít. Have you ever moved to a worse paid job? Pillock.

 

[SirGalahad]

Country A has 30% Tax and 100m population Country B has 0% tax and 1m population.

Which country will earn the company more sales? A or B

Which country is best to declare profits? A or B

So money is extracted from country A to B.

How is that helpful for country A?

 

[JohnD]

That’s better than not offering lower tax

A race for the bottom leaves everyone in the pits.

Hard to know if your professed beliefs are serious.

 

[SirGalahad]

And you seem to think the employees were working somewhere else for more money and paying less tax so they moved to the new company to be treated like shít. Have you ever moved to a worse paid job? Pillock.

Dumber than a box of rocks - what is being unemployed then?

 

[Mottie]

Country A has 30% Tax and 100m population Country B has 0% tax and 1m population.

Which country will earn the company more sales? A or B

Which country is best to declare profits? A or B

So money is extracted from country A to B.

How is that helpful for country A?

Would be helpful if you could name the countries, the companies and some real life examples instead of making up hypothetical examples.