tag:blogger.com,1999:blog-2551401385830569257.post12384706007833270..comments2023-10-17T11:04:07.876+01:00Comments on Ayes To The Left: Corporation Tax - Raise in Bank Levy - HUGE Con by Conservative Government.Unknownnoreply@blogger.comBlogger22125tag:blogger.com,1999:blog-2551401385830569257.post-83924654279357348182011-03-24T22:07:20.118+00:002011-03-24T22:07:20.118+00:00Actually no it is not a proven "economic prin...Actually no it is not a proven "economic principle" that lowering corporation tax attracts inward investment. Ireland had to lower it to a silly level before it got that. In fact there is evidence that lowering corporation tax doesn't make that much difference. Which is why it is widely acknowledged that George Osborne is taking a huge gamble in doing this.Gracie Samuelshttps://www.blogger.com/profile/09662143743006583318noreply@blogger.comtag:blogger.com,1999:blog-2551401385830569257.post-15650318344675059902011-03-24T21:42:51.482+00:002011-03-24T21:42:51.482+00:00Call me Dave xXx,
First point,
With globalizatio...Call me Dave xXx,<br /><br />First point,<br /><br />With globalization there is no automatic relationship between where profits are declared and where production is undertaken. So what can be achieved by tax concessions is marginal at best. A second point to consider is that when taxation on profits is reduced, it does not necessarily feed back into the economy concerned via reinvestment or Billhttps://www.blogger.com/profile/08379333396082188961noreply@blogger.comtag:blogger.com,1999:blog-2551401385830569257.post-62753337571645938492011-03-24T17:29:23.379+00:002011-03-24T17:29:23.379+00:00Bill - it’s an example of what can be achieved not...Bill - it’s an example of what can be achieved not a direct comparison and was never meant to be, as I’m sure you’re aware. <br /><br />However if you'd rather paint yourself as a pedant to avoid the facts provided then go ahead.Call me Dave xXxnoreply@blogger.comtag:blogger.com,1999:blog-2551401385830569257.post-44275810829931508932011-03-24T17:26:50.682+00:002011-03-24T17:26:50.682+00:00It wasnt before they implemented the measure.
Th...It wasnt before they implemented the measure. <br /><br />The idea of a tax haven is to make your economy more attractive to companies so the WANT to pay their tax there rather than elsewhere. What is wrong with this? Do you not want business to set-up in the UK or would you rather they went abroad and in the process lose jobs and tax revenue?Call me Dave xXxnoreply@blogger.comtag:blogger.com,1999:blog-2551401385830569257.post-89339835411203176502011-03-24T17:26:00.346+00:002011-03-24T17:26:00.346+00:00Call me Dave xXx,
A UK to Hong Kong comparison is...Call me Dave xXx,<br /><br />A UK to Hong Kong comparison is spurious. There is no similarity to their base, Germany or France would be more accurate comparisons, or, if you wish, kindly outline the many industrial sectors making up Hong Kong’s mixed economy.Billhttps://www.blogger.com/profile/08379333396082188961noreply@blogger.comtag:blogger.com,1999:blog-2551401385830569257.post-14867096392195265642011-03-24T17:23:27.964+00:002011-03-24T17:23:27.964+00:00Labour implemented a measure of this from 2008 for...Labour implemented a measure of this from 2008 for certain companies (I think the most recent was a GSK business unit which would have gone overseas) to attract them to set-up in the UK. This resulted in them (GSK?) deciding to build a new facility in the UK which created 1000 jobs, thus bringing in both corporate and personal tax revenues from those employed there and the profits of this Call me Dave xXxnoreply@blogger.comtag:blogger.com,1999:blog-2551401385830569257.post-73114714872345207432011-03-24T17:20:42.076+00:002011-03-24T17:20:42.076+00:00thats tax haven, sorrythats tax haven, sorryBillhttps://www.blogger.com/profile/08379333396082188961noreply@blogger.comtag:blogger.com,1999:blog-2551401385830569257.post-3733281870214766682011-03-24T17:19:16.144+00:002011-03-24T17:19:16.144+00:00Or you could choose the evidence of when Hong Kong...Or you could choose the evidence of when Hong Kong dropped their corporate and personal tax rates and saw an increase in tax revenues with 5 years. <br /><br />When they implemented this their per capita GDP was 3 times less than ours, now its far in excess of ours.Call me Dave xXxnoreply@blogger.comtag:blogger.com,1999:blog-2551401385830569257.post-91593289427177672642011-03-24T17:14:47.198+00:002011-03-24T17:14:47.198+00:00Call me Dave xXx
So you think:
“ It’s a proven ...Call me Dave xXx<br /><br /> So you think:<br />“ It’s a proven economic principle that if you drop corporation tax and make your country a more attractive place to do business (and pay their taxes in) tax revenues actually increase in the long-run not drop off.”<br /><br />There is no empirical relation, most of its support is ideologically based. You would say under this premise that Ireland,Billhttps://www.blogger.com/profile/08379333396082188961noreply@blogger.comtag:blogger.com,1999:blog-2551401385830569257.post-26097687246916248232011-03-24T17:06:39.179+00:002011-03-24T17:06:39.179+00:00Toryboy,
You say:
“So you'd have increased t...Toryboy,<br /><br />You say:<br /><br />“So you'd have increased taxation and driven the likes of HSBC and Barclays to set-up their HQs in other countries, thus losing all corporate, NI and income tax revenues in the process?”<br /><br />So how do you explain that the US, Japan and Germany, all of whom have higher corporate tax rates than the UK, all of whom have better performing economies Billhttps://www.blogger.com/profile/08379333396082188961noreply@blogger.comtag:blogger.com,1999:blog-2551401385830569257.post-58261833277862214902011-03-24T16:50:57.705+00:002011-03-24T16:50:57.705+00:00Yet Labour decimated 3 times more than Maggie did....Yet Labour decimated 3 times more than Maggie did. This is a fact you cannot get away from I’m afraid.<br /><br />Gracie - It’s a proven economic principle that if you drop corporation tax and make your country a more attractive place to do business (and pay their taxes in) tax revenues actually increase in the long-run not drop off. <br /><br />Yes GB got a 1st and PhD in History, and then went Call me Dave xXxnoreply@blogger.comtag:blogger.com,1999:blog-2551401385830569257.post-54570122856534116812011-03-24T14:03:38.150+00:002011-03-24T14:03:38.150+00:00Call me Dave. Margaret Thatcher decimated the manu...Call me Dave. Margaret Thatcher decimated the manufacturing industry in this country. Steelworks, Mining and ship building to name but three.<br /><br />Also no GB did not do much to seal up the tax loop holes, more fool him he should have done, however, that does not make what is going on now regarding Corporate taxation right.<br /><br />Nicky, I believe that was a 2nd in history George Gracie Samuelshttps://www.blogger.com/profile/09662143743006583318noreply@blogger.comtag:blogger.com,1999:blog-2551401385830569257.post-88041692558857267852011-03-24T12:19:48.397+00:002011-03-24T12:19:48.397+00:00Ooops that should have read
* "three times mo...Ooops that should have read<br />* "three times more under Labour than it did under Maggie"Call me Dave xXxnoreply@blogger.comtag:blogger.com,1999:blog-2551401385830569257.post-8499191786582661882011-03-24T12:16:08.037+00:002011-03-24T12:16:08.037+00:00"All these manufacturing companies that are d..."All these manufacturing companies that are doing so well did not just start up last May 2010." <br /><br />Really? Why has manufacturing GDP reduced by three times the amount it did under Maggie compared to under Labour? <br /><br />This is the problem with you lefties. You believe what you want to rather than dealing with facts.Call me Dave xXxnoreply@blogger.comtag:blogger.com,1999:blog-2551401385830569257.post-39983160277782445122011-03-24T12:12:10.050+00:002011-03-24T12:12:10.050+00:00Nicky - What was Gordon Brown's degree course?...Nicky - What was Gordon Brown's degree course? Yep. History same as GOs. <br /><br />Perhaps that’s why he could be insightful when he said "When a nation loses control of its finances - it is the poor who suffer most", or when he said “I’m no economist in his book ‘Beyond the Crash: Overcoming the first crisis of Globalisation’ or when he said via his barrister “"manifesto Gideonnoreply@blogger.comtag:blogger.com,1999:blog-2551401385830569257.post-49132454391507066102011-03-24T12:00:34.026+00:002011-03-24T12:00:34.026+00:00Well done for not addressing teh question I asked ...Well done for not addressing teh question I asked you Gracie yet instead go on a longwinded and off topic rant about the NHS and then throw a few juvenile insulst in for good measure. <br /><br />All rather transparent Im sure most would agree!ToryBoynoreply@blogger.comtag:blogger.com,1999:blog-2551401385830569257.post-2868267710441774302011-03-24T09:32:24.134+00:002011-03-24T09:32:24.134+00:00I didn't mean to use your name twice there! So...I didn't mean to use your name twice there! Sorry!Nickynoreply@blogger.comtag:blogger.com,1999:blog-2551401385830569257.post-9326316415337803802011-03-24T09:31:17.933+00:002011-03-24T09:31:17.933+00:00You are correct, Gracie.
Sock it to those dim-w...You are correct, Gracie. <br /><br />Sock it to those dim-witted Tory boys, Gracie.<br /><br />Re Boy George's degree, where he signally failed to shine. He studied Modern History - and you'd assume he'd have read a bit about the 1930s. They tried what he's doing in the 30s - ie austerity measures - and it was a horrible failure, causing the Great Depression. If he'd gainedNickynoreply@blogger.comtag:blogger.com,1999:blog-2551401385830569257.post-67421003990149058472011-03-23T16:02:21.604+00:002011-03-23T16:02:21.604+00:00Oh and as you mention NI, funny that, the Tories w...Oh and as you mention NI, funny that, the Tories when in opposition said that they would not increase it. TBH they didn't (for employers) however, employees NI is now rising. Tax on jobs wasn't it Osborne and Cameron called it?Gracie Samuelshttps://www.blogger.com/profile/09662143743006583318noreply@blogger.comtag:blogger.com,1999:blog-2551401385830569257.post-72439451414426858712011-03-23T16:00:11.317+00:002011-03-23T16:00:11.317+00:00Interesting to see that know I'm right, I'...Interesting to see that know I'm right, I'm wondering when the press will pick up on it.<br /><br />Equally when will they pick up on the big con that this is reduction in fuel? Because of Osborne's VAT rise, fuel increased by 3p litre, so we are still paying 2p more.<br />Useless budget by a fiscally retarded chancellor and the cuts haven't even started yet, if it is this bad nowGracie Samuelshttps://www.blogger.com/profile/09662143743006583318noreply@blogger.comtag:blogger.com,1999:blog-2551401385830569257.post-64553313042796048632011-03-23T13:46:29.636+00:002011-03-23T13:46:29.636+00:00If Labour were so anti tax loops why did you do no...If Labour were so anti tax loops why did you do nothing about them from 1997 to 2010? Or was it the 157 new taxes brought in over the same period which suffocated businesses driving them to look to pay taxes overseas of find loopholes?Gideonnoreply@blogger.comtag:blogger.com,1999:blog-2551401385830569257.post-88357780362682531532011-03-23T13:39:14.418+00:002011-03-23T13:39:14.418+00:00So you'd have increased taxation and driven th...So you'd have increased taxation and driven the likes of HSBC and Barclays to set-up their HQs in other countries, thus losing all corporate, NI and income tax revenues in the process?ToryBoynoreply@blogger.com