so you think the Institution of Engineering and Technology is "an anecdotal link"
so you think RSM a $10b audit, tax and consulting service wont know about industry
WRONG
1) only those goods which comply with Rules of Origin checks are tariff free, so goods with more than 50% foreign components get charged tariffs
2) the cost of rules of origin paperwork means there are loads of companies which simply pay the tariff rather than deal with the aggro
"exporters/importers have to prove that goods do qualify by meeting the rules of origin test for that good set out in the TCA. Evidence suggests that many exporters simply prefer to pay the tariff instead to avoid the complex paperwork involved."
Tariffs are taxes charged on the import of goods from foreign countries.
www.instituteforgovernment.org.uk
strawman argument
UK has been suffering from the issues Ive stated for many years
the points Ive made are still valid
No it isnt
you were the one trying to use Japan as a comparison not me
Yes we do, for a number of obvious reasons:
1) trade gravity
2) we used to be in the European Single market and have extensive supply chain integration
3) we are culturally aligned to Europe............maybe because we are European
corporation tax was cut from around 2010 until Sunak increased it
wheres the fantastic growth rate?
here is a scientic analysis of effects of corporation tax rates:
There is evidence for publication selectivity in favour of reporting growth-enhancing effects of corporate tax cuts.
Correcting for this bias, we cannot reject the hypothesis of a zero effect of corporate taxes on growth. Several factors influence reported estimates, including researcher choices concerning the measurement of growth and corporate taxes, and controlling for other budgetary components.
evidence from USA from Trumps corporation tax cuts:
"New research shows that workers who earned less than about $114,000 on average in 2016 saw “no change in earnings” from the corporate tax rate cut, while top executive salaries increased sharply."
which proves that slashing corporation tax benefits the wealthy, not ordinary American citizens..........the ones that voted for Trumpy
Ive argued it with facts and evidence
unlike you who has made basic error like claiming UK trade with EU is all zero tariff -just plain wrong
unlike you who are resorting to a myriad of logical fallacies
and you are wrong, I spent 30 year of my life running a manufacturing business, so I have experience including importing from EU
yes of course you are, youve been proven wrong.
You cant provide a valid counter argument and so you have needed to resort to a stream of logical fallacies
But you are trying to explain things which demonstrably false
Eg: you claimed we have a zero tariff trade deal -but we do not
logical fallacy: attack the source, not the content
Im pleased our debate has been a useful education for you, maybe you might have learnt you arent as clever as you think
