We've found Labour's magic money tree!
- Thread starter JP_
- Start date
Sponsored Links
- Joined
- 17 May 2012
- Messages
- 10,814
- Reaction score
- 859
- Country
6 years ago ... "George Osborne, the chancellor, warned the alleged tax evaders, and a further 200 accountants and advisers accused of helping them cheat the taxman: "The message is simple: if you evade tax, we're coming after you.""
https://www.theguardian.com/politics/2013/may/09/100-richest-uk-billions-offshore-tax-havens
I think he must have been lying. Quelle surprise!
I all those trillions were in UK investment companies, the tax generated would pay for a large chunk of the NHS.
Not exactly taking back control, is it?
https://www.theguardian.com/politics/2013/may/09/100-richest-uk-billions-offshore-tax-havens
I think he must have been lying. Quelle surprise!
I all those trillions were in UK investment companies, the tax generated would pay for a large chunk of the NHS.
Not exactly taking back control, is it?
Sponsored Links
- Joined
- 1 Apr 2016
- Messages
- 13,609
- Reaction score
- 552
- Country
Perhaps after pointing out on the umpteenth time it might sink in. If you want to tax corporates less then the burden will fall on individuals through a combination of direct taxes (on income) and indirect (on consumption - VAT, IPT etc) - this is what has transpired.
So employing people becomes more expensive when you factor in Nat Ins (Employee and Employer), Companies that create profits from capital formation that have a low headcount but benefit from these lower taxes.
Remember Tax is paid on profits - so many of the UK companies who actually employ a large workforce will struggle.
Yet you have bozoz on here shouting for lower corp tax - does that mean they are happy to pay more Tax?
So employing people becomes more expensive when you factor in Nat Ins (Employee and Employer), Companies that create profits from capital formation that have a low headcount but benefit from these lower taxes.
Remember Tax is paid on profits - so many of the UK companies who actually employ a large workforce will struggle.
Yet you have bozoz on here shouting for lower corp tax - does that mean they are happy to pay more Tax?
Thats the problem.
In a global, digital economy money will always find its way to the lowest tax region.
Of course there is collusion with government and the Tories are certainly guilty of it.
The difficult path that a fair government has to tread is the pragmatic line of maximising revenue by removing loopholes whilst at the same time encouraging businesses to set up and run in this country.
If only there was some way where all the countries in the world's largest market could get together and agree to clamp down on tax dodgers, so that the companies couldn't try to play off one against the other in a Dutch Auction.
But wait!
I suppose anyone who wanted to keep helping tax-dodgers would have to resign from the group.
Can there be such people?
The EU has its nose in the trough.
Have a look at Lux Leaks
Almost five years ago, the International Consortium of Investigative Journalists published its Lux Leaks investigation, exposing how some of the world’s largest corporations cycled billions of dollars through Luxembourg so as to avoid paying huge amounts of tax — taxes that otherwise could have ended up in the coffers of other European countries.
The revelations laid bare more than 300 secret tax deals that Luxembourg had struck with global businesses, including Disney, Skype, GlaxoSmithKline, Koch Industries and Black & Decker.
In several cases, the deals — known as “tax rulings” — allowed firms to pay less than 1 percent tax in Luxembourg
Its funny, the president of the EU Juncker turned Luxembourg into a tax haven
So you'll share my approval that the EU is collectively clamping down on such deals that allow one country to undercut others, driven by the wealthy multinationals playing the member countries against each other.
Sadly you have not grasped that "Luxembourg" is not "The EU" so your post is wrong.
My post is very much correct, you are just being obtuse.
For clarity, this the headline of the extract I quoted:
Why has the European Commission not investigated Lux Leaks tax deals?
https://www.icij.org/investigations...mission-not-investigated-lux-leaks-tax-deals/
MOD: Please familiarise yourself with rule 7 of the forum rules.
Last edited by a moderator:
But here is what you actually said:
Your post is wrong in saying that the EU did it.
In fact, the EU is putting a stop to it.
BTW, BIG LETTERS DON'T MAKE YOU RIGHT.
Your post is wrong in saying that the EU did it.
In fact, the EU is putting a stop to it.
BTW, BIG LETTERS DON'T MAKE YOU RIGHT.
Sponsored Links
