oucho
Well-Known Member
I'm voting tomorrow in the hope of continuing such policies and hopefully more tax/spending cuts in the pipeline.
I'm voting tomorrow in the hope of continuing such policies and hopefully more tax/spending cuts in the pipeline.Then maybe that would allow them to cut corporation tax a bit more.
10 years ago corporation tax was 30%, now it is 19%. We have the second lowest corporation tax of all G20 countries. Think we can see where our governments priorities lie.
I've said on here before Amazon et al need to be put on a level playing field with offline retailers. That sort of intervention would be abhorrent to the current government.
I tried explaining to a colleague how Amazon's "brilliance" was actually a disaster for everybody but they just couldn't grasp it
I'm voting tomorrow in the hope of continuing such policies and hopefully more tax/spending cuts in the pipeline.
Because to spend more would be to going back to having a current spending deficit, which is the road to national economic ruin. We need to run big budget surpluses for many years to pay off a big chumk of the national debt, otherwise the interest payments on the debt will continue to outrun the budgets of various government departments like education. We can't borrow to pay for day to day spending, when the next downturm inevitably comes it'll makebthe national economy hugely vulberable. Nor can we tax our way to prosperity.....the tax take as a % of GDP is at its highesy ever, and to try to tax the Amazons of this world will fruitlesslynsee such compabies flutter their registrations into other jurisdictions. I agree with you in principle Clint but in practice ongoing spebding restraint is the only realistic policy.why on earth would you welcome more spending cuts when they're causing so much misery? Even the governments own figures put deaths attributable to the cuts as over 2,000. with some estimates as high as 120,000.
Because to spend more would be to going back to having a current spending deficit, which is the road to national economic ruin. We need to run big budget surpluses for many years to pay off a big chumk of the national debt, otherwise the interest payments on the debt will continue to outrun the budgets of various government departments like education. We can't borrow to pay for day to day spending, when the next downturm inevitably comes it'll makebthe national economy hugely vulberable. Nor can we tax our way to prosperity.....the tax take as a % of GDP is at its highesy ever, and to try to tax the Amazons of this world will fruitlesslynsee such compabies flutter their registrations into other jurisdictions. I agree with you in principle Clint but in practice ongoing spebding restraint is the only realistic policy.
In a way the UK economy's predicament isn't too disimmilar to that of Wasps, or, technically, CCFC.
The difficulty is 'how?'. Such companies can easily move investment and domicile themselves according to the most cpmpetitve corp tax regime. Hence the need to be competitve but also push for a single global approach. Just as well the UK is increasing its policy cooperation internationally....oh wait
Because to spend more would be to going back to having a current spending deficit, which is the road to national economic ruin. We need to run big budget surpluses for many years to pay off a big chumk of the national debt, otherwise the interest payments on the debt will continue to outrun the budgets of various government departments like education. We can't borrow to pay for day to day spending, when the next downturm inevitably comes it'll makebthe national economy hugely vulberable. Nor can we tax our way to prosperity.....the tax take as a % of GDP is at its highesy ever, and to try to tax the Amazons of this world will fruitlesslynsee such compabies flutter their registrations into other jurisdictions. I agree with you in principle Clint but in practice ongoing spebding restraint is the only realistic policy.
In a way the UK economy's predicament isn't too disimmilar to that of Wasps, or, technically, CCFC.
The not 'workable due to lack of cooperation' bit is the key, really. We shouldn't maintain a higher rate of corp tax for the sake of virtue signalling. We need to look out for ourselves. Please don't demean yourself by using words lile 'drivel'....we disagree, that's all. You don't see me hurling abuse at you despite the suggestion of knee jerk Tory-bashing.Competitive = lowest, come on lets stop with this silly business language, it's competitive only in the sense of a race to the bottom.
There needs to be legislation for the likes of Amazon that they need to set up companies in the country where they're trading in order that they can pay their share. Not sure how workable it is and agree with your point on international co-operation
Is that just down to court administration or has it been reported back to the judge that mediation is getting somewhere so he’s allowing more time?
So as usual you tell me that I am wrong. When you see that I am not and you are yourself you use the reason that even the FT say is the reason as I posted.I read the IFS critique which looks beyond just the numbers. The economy has been growing apparently so receipts should be up regardless. You tried to put it down to the cuts themselves which is unproven.
Read that: What’s been happening to corporation tax? - Institute For Fiscal Studies - IFS
All cuts in corporation tax show is the passing of the burden from companies to individuals.
I'm voting tomorrow in the hope of continuing such policies and hopefully more tax/spending cuts in the pipeline.
So to have the highest amount of people in work ever what you need is a worldwide recession?The economy is growing because we had the biggest recession and the slowest recovery ever. The only way was up. Also we just tanked our currency. How short are your memories?
Not sure how you’re doing that in a local election.
The economy is growing because we had the biggest recession and the slowest recovery ever. The only way was up. Also we just tanked our currency. How short are your memories?
Not sure how you’re doing that in a local election.
So to have the highest amount of people in work ever what you need is a worldwide recession?
Economics is not having a viewpoint and trying to prove your point. I was sceptical when they first reduced it. But it brought a lot of investment here. And reducing corporation tax by a third means they can constantly afford to invest more, creating more jobs and more money for themselves. And the more miney they make the more they pay in corporation tax. But they are happy because their profits are so much higher.
It is the only tax reduction that the Tories have brought in that I agree with. When they first did it I just thought it was to give money to the rich as they always do.
So as usual you tell me that I am wrong. When you see that I am not and you are yourself you use the reason that even the FT say is the reason as I posted.
Yes of course corporation tax receipts have gone up because the economy has been growing. The economy has been growing because the UK became a good place to invest money. This us both new money and reinvesting profits.
I'm sorry that you was wrong. I know you hate being wrong. Especially when it is me that you have had a go at.
Just like Brexit. You can find good comments and bad if you look. But I checked the FT. They showed graphs of the tax rate going down and the tax collected. The tax collected has continued to go up. And depending on how you work out how much it went up by last year it went up by between 12% and 20%. So that says to me that somehow it has worked.I'm not sure about that.
For example, you're saying that there is a lot of investment coming into the UK. But for every article that says that there's one which totally disagrees with it.
I'm not saying you're wrong, just that there is a hell of a lot of contradictory information.
How are they saying that the FT and myself are wrong?No, the IFS is telling you that you're wrong.
I could be wrong - but out of the G20 - haven’t we the lowest corporation tax and the slowest economic growth?How are they saying that the FT and myself are wrong?
You said that zero hours contracts are going up. That was wrong. You said corporation tax receipts are down. That was wrong. Investment is up. We have record employment. What else did I say?
We are near the bottom yes.I could be wrong - but out of the G20 - haven’t we the lowest corporation tax and the slowest economic growth?
The economy is growing because we had the biggest recession and the slowest recovery ever. The only way was up. Also we just tanked our currency. How short are your memories?
.
How are they saying that the FT and myself are wrong?
You said that zero hours contracts are going up. That was wrong. You said corporation tax receipts are down. That was wrong. Investment is up. We have record employment. What else did I say?
My problem is I have been an investor for over 20 years. Never what I would consider seriously but it has given me a good idea how financial markets work and move. So when I see someone who thinks the opposite is true to the truth I try to help them understand. I thought that was the idea of a forum was.IS THERE NO ESCAPE?:emoji_knife:
We are near the bottom yes.
But if you think that is the whole story you had better move to Lybia. Ours is 1.2 and theirs 55. Or you could go to Ethiopia where it is 10.9
Most countries in the EU have been in decline for years. They have a low base to start with. We have been doing well compared to most. So starting from a high base is better than starting from low.
Some of it is most probably down to Brexit. But one thing that holds us back is it includes imports/exports. And we all know that we have a massive deficit in this way that needs making up in others. I am surprised we are ever in positive territory because of this.
Our slow recovery still has us as one of the strongest European economies.
Spain, Greece and Italy to name only three have eye watering levels of unemployment. In fact most of these countries would be bankrupt but for the rigging of the European bank lending rate which is effectively lending high risk economies at rates reserved for strong growing countries. The German investor pays that price by having a negative interest rate even though they have 2% plus inflation.
The currency hasn’t tanked. I know from your food inflation nonsense economics is not your strength but when will you understand currency devaluation is a strategy which can be effective in stimulating growth. A strategy we have the luxury of using which our European counterparts do not.
A tanked pound and a interest rate rise is what we would get if Corbyn ever took office. The finance industry will start to devalue like no tomorrow.
Is this what it's come to, comparing ourselves to Libya or Ethiopia?
Or Spain and Greece for that matter
Did you see the bit that says this article is over 1 year old in red letters?Fair enough, in your simplistic world corporation tax receipts have increased. The report from IFS recognises this but looks beyond the numbers and talks about whether or not tax cuts are a reason for it.
ZHC have gone up exponentially since 2010, after being largely flat for the preceding 10 years: Record 910,000 UK workers on zero-hours contracts
So who are we allowed to compare ourselves to?Is this what it's come to, comparing ourselves to Libya or Ethiopia?
Or Spain and Greece for that matter
Sod it, no point. What was this thread about again? Doyle's voting Tory because he's mean and nasty? Burge has dropped the ball on the economy? Haynes is too left to be palatable to Grendel?My problem is I have been an investor for over 20 years. Never what I would consider seriously but it has given me a good idea how financial markets work and move. So when I see someone who thinks the opposite is true to the truth I try to help them understand. I thought that was the idea of a forum was.
I never start these stupid debates off. But I thought I was allowed to put my opinion across like most others are.
And I started it?Sod it, no point. What was this thread about again? Doyle's voting Tory because he's mean and nasty? Burge has dropped the ball on the economy? Haynes is too left to be palatable to Grendel?
You were the one who quoted me with some bollocks about your 'truth' being better than others!And I started it?
No point. You won't say anything to who took it off the thread.
A tanked pound and a interest rate rise is what we would get if Corbyn ever took office. The finance industry will start to devalue like no tomorrow.
Naughty boy. This is off topic. We have already been told.The likelihood is, interests rates are inevitably going to rise either in this, or the next government. Interest rates have been kept artificially low (at .5%) by the Bank of England for 6 years now. In fact, partly due to poor consumer demand, the BoE is probably going to shelve an interest rate hike...
Jump on your post?You were the one who quoted me with some bollocks about your 'truth' being better than others!
Before that I quoted nobody. You didn't have to jump on my post!
Where on earth did I say you started it?!?
Jump on your post?
As soon as we get on this sort of subject there is you, Fern, Clint, SB and Mart that stick together like glue. Maybe not you but others would argue that black is white. Clint is like yourself and sticks to what we have proof of or at least just questions everything. Nothing wrong there at all.
But I agree it is getting more stupid all the time. I don't come on here to have stupid arguments all the time. I have much better things I could be doing. And I also don't need to have stupid arguments on here either. I am married.
I am leaving it up to you lot from now. It is a waste of time when some refuse to listen to the truth anyway.
Let's have a look at what I said.Jump on your post?
IS THERE NO ESCAPE?:emoji_knife:
As soon as we get on this sort of subject there is you, Fern, Clint, SB and Mart that stick together like glue.
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