More or less the response I expected to my post and I do understand the reaction. However this is the real world, this is what businesses do. The days of businesses sitting tight and having to ride the storm of increased local taxation and reduced profits are largely over. Relocating to say Ireland where CT is currently 12.5% is a very simple operation and in the case of my business, extremely attractive compared to the 26% rate Corbyn has proposed. You’d all do exactly the same in my position.
I’m not trying to be clever but that’s the way it works. Mine is a small (£2m) but very profitable company and I know of two other similar size businesses who intend to do exactly the same thing when and I believe he probably will, Corbyn gets in. If small businesses are already thinking like that, imagine what the big ones are planning. The point is that you all rub your hands and think ‘great idea, let’s tax the businesses and share the wealth’ but in reality it doesn’t work like that. It’s been tried before and failed. Nice in theory but successful businesses up and leave and take the brightest talents with them. The disastrous brain drain of the 1970’s will be nothing by comparison because nowadays it’s so easy to relocate and operate remotely from anywhere in the world. This governments’ strategy of steadily reducing CT rates to its current 19% is I believe the correct one because it encourages business growth which contributes to a heathy economy from which everyone should benefit.
I apologise if I rubbed any of you up the wrong way, the relocating statement was not meant to sound arrogant, merely a matter of fact. I’m from wonderful working class parents and was brought up on council estates and extremely proud of my roots but I’ve worked hard to build my business and like everyone on here I’m sure, I want to do the best I can for my family. That’s all.
Gotta get some work done now.
