comment by Vidicschin (U3584)
posted 31 minutes ago
Rosso
Not sure why any rational person would have a problem with any of your last paragraph.
----------------------------------------------------------------------
Read the paragraph above.
I did read the paragraph above and it makes no difference what so ever to my comments.
Next
comment by Vidicschin (U3584)
posted 1 hour, 52 minutes ago
Rosso
Not sure why any rational person would have a problem with any of your last paragraph.
----------------------------------------------------------------------
Good grief.
comment by Vidicschin (U3584)
posted 16 minutes ago
I did read the paragraph above and it makes no difference what so ever to my comments.
Next
----------------------------------------------------------------------
Gove would not be able to push a greasy man down a slide.
Burnt too many bridges. All it needs is half a dozen Tories - with good reasons or electoral self interest - to block him and his plans are......pooooooooof
Too heavily remain, but without the personality to pull it off. Made enemies of Cameron, Osbourne and now seemingly Boris. All have heavy party support.
Can't see him getting to the final two.
May
v
Leadsom/Crabb
^^
"Too heavily LEAVE....."
"We knew we'd have to tighten our belts for a few years following Brexit, but we can see this as an opportunity to reform our public services - to introduce greater competition, to improve efficiency, to reduce the burden on the state - to create a new, freer Britain with a reduced regulatory burden, blah blah blah..."
--------
You'd have to be an absolute heartless cu·nt not to have a problem with this statement.
the new tory party leader will have the ladies swooning
https://static.minichan.org/img/1427608442107747.jpg
comment by itsonlyagamesson (U6426)
posted 34 minutes ago
"We knew we'd have to tighten our belts for a few years following Brexit, but we can see this as an opportunity to reform our public services - to introduce greater competition, to improve efficiency, to reduce the burden on the state - to create a new, freer Britain with a reduced regulatory burden, blah blah blah..."
--------
You'd have to be an absolute heartless cu·nt not to have a problem with this statement.
----------------------------------------------------------------------
We're all irrational apparently
Questions for the financial minded (no trap, I would just be interested to hear your thoughts, Remain or Leave).
1. With the mooted cut from 20% down to 15% for corporation tax, how much would this cost the treasury if applied right now (ie a quarter of receipts)?
2. How much would we subsequently gain if all companies based here paid 15% on their UK profits instead of offsetting?
3. Does being in the EU make it easier for firms to avoid tax by basing their operations in places such as Luxembourg? Are we forced to accept this by being part of the bloc, and can we close the loophole by being out?
4. Would we benefit from more companies basing their HQ here to take advantage of this 15% tax, a figure much closer to Ireland at 12.5%?
5. Is this the first shot across the bows in the negotiations?
Don't have answers to 1-4
5. Very much so. As that was immediately what popped into my head when I heard the news. They obviously know the impact it would have on the other low EU tax countries.
It certainly looks like a bargaining chip in the forthcoming negotiations, yeah.
Ireland must be looking on anxiously. They could be the big losers in a petty trade war
1. With the mooted cut from 20% down to 15% for corporation tax, how much would this cost the treasury if applied right now (ie a quarter of receipts)?
Corporation tax receipts account for some £40bn so approx. £10bn reduction I believe
2. How much would we subsequently gain if all companies based here paid 15% on their UK profits instead of offsetting?
Assume you mean companies who don't pay tax on all their profits so essentially the cost of "offsetting". A nightmare to work out but it is estimated that over £60bn is unpaid tax in the UK economy alone per annum alone. Companies offsetting are only part of the issue as they may relocate elsewhere if the rules change and offsetting can and does include setting off losses from either previous years or associated businesses against total liability.
3. Does being in the EU make it easier for firms to avoid tax by basing their operations in places such as Luxembourg? Are we forced to accept this by being part of the bloc, and can we close the loophole by being out?
Makes no difference. It's a straightforward agreement between the company involved and the country they "base" themselves in I believe.
4. Would we benefit from more companies basing their HQ here to take advantage of this 15% tax, a figure much closer to Ireland at 12.5%?
Anything more attractive tax wise will of course encourage investment if all other things remain the same. In fact I'd suggest it's a must to gain investment and confidence
5. Is this the first shot across the bows in the negotiations?
First I'm sure of many.
Don't know if that helps or not
I feel like you two are giving Osbourne too much credit here.
During his entire reign he's never shown himself to be a single step ahead of anyone.
This is just another favour to those who bankroll and employ MPs once they've walked away from politics.
Also, will there be any willingness to even collect the 15%? Judging by his "special deal" with google, the fact even the PM benefits from tax havens - not a chance.
Meanwhile we all know who's going to be stumping up for the losses in an economy that's only growth is increasing personal debt - an economy based on cuts and a refusal to invest in housing, sustainable energy or in fact anything that sets it up for a positive future...
That will all depend upon who is next in No. 10 though.
Cheers fella
On point 3....
Lets say multinational Acme Co have a subsidiary based in Luxembourg.
Is this solely a company set up for Inter-EU trade?
Does corporation tax paid here essentially cover the entire EU region?
If we left the EU, could we expect a slice of that pie on their UK profit?
On point 3....
Lets say multinational Acme Co have a subsidiary based in Luxembourg.
Is this solely a company set up for Inter-EU trade?
Most likely it is just a shell company specifically set up to maximise the benefits of declaring profits in a low taxation country, so yes probably
Does corporation tax paid here essentially cover the entire EU region?
That will depend upon the rules of each country it operates in, but essentially yes as most countries in the EU operate along fairly similar lines
If we left the EU, could we expect a slice of that pie on their UK profit?
It would allow us to renegotiate our treatment of their operations. This means we could increase the taxation but run the risk of them moving elsewhere. Vodaphone for example have stated they will do exactly that. The response from the UK population was "fine; go. And we will leave you". Pretty much end of argument. The other option is we could decrease the treatment of their "taxable" earnings and thereby encourage more businesses to move to the UK. All is up for negotiation and the EU will know this.
Ledley
No, as Ginger said, it makes no difference. There is no concept of a Europe-wide tax obligation.
comment by rossobianchi - 4-3-3 please Jose (U17054)
posted 1 minute ago
Ledley
No, as Ginger said, it makes no difference. There is no concept of a Europe-wide tax obligation.
----------------------------------------------------------------------
A company such as Amazon would see no difference in their obligations from us being outside?
If Osborne does drop Corporation Tax (lower than any other leading economy in the world) at the same time as hiking Income Tax (up way above Corporation Tax), people should go ape.
But they won't, because the newspapers will tell them it has to happen. And people are fecking stupid.
When Corporation Tax goes unpaid (est. £60bn per annum), nothing happens.
When rich people evade Inheritance Tax, Capital Gains Tax and Income Tax (est. £15bn per annum), nothing happens.
When poor people commit Benefit and Tax Credit fraud (a relatively measly £1.6bn per annum) they are chased, jailed, and demonised and vilified in the press.
Grate Britain
comment by HRH King Ledley (U20095)
posted 25 seconds ago
comment by rossobianchi - 4-3-3 please Jose (U17054)
posted 1 minute ago
Ledley
No, as Ginger said, it makes no difference. There is no concept of a Europe-wide tax obligation.
----------------------------------------------------------------------
A company such as Amazon would see no difference in their obligations from us being outside?
----------------------------------------------------------------------
Companies like Amazon aren't very interested in their 'obligations'.
They look at what each of the countries they do business in asks for, and shape their business and product structures and their financial management processes in order to pay the minimum amount.
For example, there are very large companies that provide services to customers in the UK that will never pay a penny in UK Corporation Tax because they are registered outside and have no business infrastructure (no offices, no employees) in the UK.
There are all kinds of other tools that can be used to avoid paying tax when operating across borders, like profit-channelling, loading debt onto subsidiaries in high tax regions, creative remuneration and pension structures, etc.
comment by rossobianchi - 4-3-3 please Jose (U17054)
posted 13 minutes ago
If Osborne does drop Corporation Tax (lower than any other leading economy in the world) at the same time as hiking Income Tax (up way above Corporation Tax), people should go ape.
But they won't, because the newspapers will tell them it has to happen. And people are fecking stupid.
When Corporation Tax goes unpaid (est. £60bn per annum), nothing happens.
When rich people evade Inheritance Tax, Capital Gains Tax and Income Tax (est. £15bn per annum), nothing happens.
When poor people commit Benefit and Tax Credit fraud (a relatively measly £1.6bn per annum) they are chased, jailed, and demonised and vilified in the press.
Grate Britain
----------------------------------------------------------------------
We're all in this together
UKIP leader Nigel Farage has said he is stepping down as leader of the party in the wake of the referendum to leave the EU.
http://news.sky.com/story/1721382/
How come the war criminal has suddenly appeared from nowhere getting his face on every news channel with his views on the subject?
Sign in if you want to comment
LIVE: Great Britain EU Referendum
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posted on 2/7/16
comment by Vidicschin (U3584)
posted 31 minutes ago
Rosso
Not sure why any rational person would have a problem with any of your last paragraph.
----------------------------------------------------------------------
Read the paragraph above.
posted on 2/7/16
I did read the paragraph above and it makes no difference what so ever to my comments.
Next
posted on 2/7/16
comment by Vidicschin (U3584)
posted 1 hour, 52 minutes ago
Rosso
Not sure why any rational person would have a problem with any of your last paragraph.
----------------------------------------------------------------------
Good grief.
posted on 2/7/16
comment by Vidicschin (U3584)
posted 16 minutes ago
I did read the paragraph above and it makes no difference what so ever to my comments.
Next
----------------------------------------------------------------------
posted on 2/7/16
Gove would not be able to push a greasy man down a slide.
Burnt too many bridges. All it needs is half a dozen Tories - with good reasons or electoral self interest - to block him and his plans are......pooooooooof
Too heavily remain, but without the personality to pull it off. Made enemies of Cameron, Osbourne and now seemingly Boris. All have heavy party support.
Can't see him getting to the final two.
May
v
Leadsom/Crabb
posted on 2/7/16
^^
"Too heavily LEAVE....."
posted on 2/7/16
"We knew we'd have to tighten our belts for a few years following Brexit, but we can see this as an opportunity to reform our public services - to introduce greater competition, to improve efficiency, to reduce the burden on the state - to create a new, freer Britain with a reduced regulatory burden, blah blah blah..."
--------
You'd have to be an absolute heartless cu·nt not to have a problem with this statement.
posted on 2/7/16
the new tory party leader will have the ladies swooning
https://static.minichan.org/img/1427608442107747.jpg
posted on 2/7/16
comment by itsonlyagamesson (U6426)
posted 34 minutes ago
"We knew we'd have to tighten our belts for a few years following Brexit, but we can see this as an opportunity to reform our public services - to introduce greater competition, to improve efficiency, to reduce the burden on the state - to create a new, freer Britain with a reduced regulatory burden, blah blah blah..."
--------
You'd have to be an absolute heartless cu·nt not to have a problem with this statement.
----------------------------------------------------------------------
We're all irrational apparently
posted on 4/7/16
Questions for the financial minded (no trap, I would just be interested to hear your thoughts, Remain or Leave).
1. With the mooted cut from 20% down to 15% for corporation tax, how much would this cost the treasury if applied right now (ie a quarter of receipts)?
2. How much would we subsequently gain if all companies based here paid 15% on their UK profits instead of offsetting?
3. Does being in the EU make it easier for firms to avoid tax by basing their operations in places such as Luxembourg? Are we forced to accept this by being part of the bloc, and can we close the loophole by being out?
4. Would we benefit from more companies basing their HQ here to take advantage of this 15% tax, a figure much closer to Ireland at 12.5%?
5. Is this the first shot across the bows in the negotiations?
posted on 4/7/16
Don't have answers to 1-4
5. Very much so. As that was immediately what popped into my head when I heard the news. They obviously know the impact it would have on the other low EU tax countries.
posted on 4/7/16
It certainly looks like a bargaining chip in the forthcoming negotiations, yeah.
Ireland must be looking on anxiously. They could be the big losers in a petty trade war
posted on 4/7/16
1. With the mooted cut from 20% down to 15% for corporation tax, how much would this cost the treasury if applied right now (ie a quarter of receipts)?
Corporation tax receipts account for some £40bn so approx. £10bn reduction I believe
2. How much would we subsequently gain if all companies based here paid 15% on their UK profits instead of offsetting?
Assume you mean companies who don't pay tax on all their profits so essentially the cost of "offsetting". A nightmare to work out but it is estimated that over £60bn is unpaid tax in the UK economy alone per annum alone. Companies offsetting are only part of the issue as they may relocate elsewhere if the rules change and offsetting can and does include setting off losses from either previous years or associated businesses against total liability.
3. Does being in the EU make it easier for firms to avoid tax by basing their operations in places such as Luxembourg? Are we forced to accept this by being part of the bloc, and can we close the loophole by being out?
Makes no difference. It's a straightforward agreement between the company involved and the country they "base" themselves in I believe.
4. Would we benefit from more companies basing their HQ here to take advantage of this 15% tax, a figure much closer to Ireland at 12.5%?
Anything more attractive tax wise will of course encourage investment if all other things remain the same. In fact I'd suggest it's a must to gain investment and confidence
5. Is this the first shot across the bows in the negotiations?
First I'm sure of many.
Don't know if that helps or not
posted on 4/7/16
I feel like you two are giving Osbourne too much credit here.
During his entire reign he's never shown himself to be a single step ahead of anyone.
This is just another favour to those who bankroll and employ MPs once they've walked away from politics.
Also, will there be any willingness to even collect the 15%? Judging by his "special deal" with google, the fact even the PM benefits from tax havens - not a chance.
Meanwhile we all know who's going to be stumping up for the losses in an economy that's only growth is increasing personal debt - an economy based on cuts and a refusal to invest in housing, sustainable energy or in fact anything that sets it up for a positive future...
posted on 4/7/16
That will all depend upon who is next in No. 10 though.
posted on 4/7/16
Cheers fella
On point 3....
Lets say multinational Acme Co have a subsidiary based in Luxembourg.
Is this solely a company set up for Inter-EU trade?
Does corporation tax paid here essentially cover the entire EU region?
If we left the EU, could we expect a slice of that pie on their UK profit?
posted on 4/7/16
On point 3....
Lets say multinational Acme Co have a subsidiary based in Luxembourg.
Is this solely a company set up for Inter-EU trade?
Most likely it is just a shell company specifically set up to maximise the benefits of declaring profits in a low taxation country, so yes probably
Does corporation tax paid here essentially cover the entire EU region?
That will depend upon the rules of each country it operates in, but essentially yes as most countries in the EU operate along fairly similar lines
If we left the EU, could we expect a slice of that pie on their UK profit?
It would allow us to renegotiate our treatment of their operations. This means we could increase the taxation but run the risk of them moving elsewhere. Vodaphone for example have stated they will do exactly that. The response from the UK population was "fine; go. And we will leave you". Pretty much end of argument. The other option is we could decrease the treatment of their "taxable" earnings and thereby encourage more businesses to move to the UK. All is up for negotiation and the EU will know this.
posted on 4/7/16
Ledley
No, as Ginger said, it makes no difference. There is no concept of a Europe-wide tax obligation.
posted on 4/7/16
comment by rossobianchi - 4-3-3 please Jose (U17054)
posted 1 minute ago
Ledley
No, as Ginger said, it makes no difference. There is no concept of a Europe-wide tax obligation.
----------------------------------------------------------------------
A company such as Amazon would see no difference in their obligations from us being outside?
posted on 4/7/16
If Osborne does drop Corporation Tax (lower than any other leading economy in the world) at the same time as hiking Income Tax (up way above Corporation Tax), people should go ape.
But they won't, because the newspapers will tell them it has to happen. And people are fecking stupid.
When Corporation Tax goes unpaid (est. £60bn per annum), nothing happens.
When rich people evade Inheritance Tax, Capital Gains Tax and Income Tax (est. £15bn per annum), nothing happens.
When poor people commit Benefit and Tax Credit fraud (a relatively measly £1.6bn per annum) they are chased, jailed, and demonised and vilified in the press.
Grate Britain
posted on 4/7/16
comment by HRH King Ledley (U20095)
posted 25 seconds ago
comment by rossobianchi - 4-3-3 please Jose (U17054)
posted 1 minute ago
Ledley
No, as Ginger said, it makes no difference. There is no concept of a Europe-wide tax obligation.
----------------------------------------------------------------------
A company such as Amazon would see no difference in their obligations from us being outside?
----------------------------------------------------------------------
Companies like Amazon aren't very interested in their 'obligations'.
They look at what each of the countries they do business in asks for, and shape their business and product structures and their financial management processes in order to pay the minimum amount.
For example, there are very large companies that provide services to customers in the UK that will never pay a penny in UK Corporation Tax because they are registered outside and have no business infrastructure (no offices, no employees) in the UK.
There are all kinds of other tools that can be used to avoid paying tax when operating across borders, like profit-channelling, loading debt onto subsidiaries in high tax regions, creative remuneration and pension structures, etc.
posted on 4/7/16
comment by rossobianchi - 4-3-3 please Jose (U17054)
posted 13 minutes ago
If Osborne does drop Corporation Tax (lower than any other leading economy in the world) at the same time as hiking Income Tax (up way above Corporation Tax), people should go ape.
But they won't, because the newspapers will tell them it has to happen. And people are fecking stupid.
When Corporation Tax goes unpaid (est. £60bn per annum), nothing happens.
When rich people evade Inheritance Tax, Capital Gains Tax and Income Tax (est. £15bn per annum), nothing happens.
When poor people commit Benefit and Tax Credit fraud (a relatively measly £1.6bn per annum) they are chased, jailed, and demonised and vilified in the press.
Grate Britain
----------------------------------------------------------------------
We're all in this together
posted on 4/7/16
Farage has resigned.
posted on 4/7/16
UKIP leader Nigel Farage has said he is stepping down as leader of the party in the wake of the referendum to leave the EU.
http://news.sky.com/story/1721382/
posted on 4/7/16
How come the war criminal has suddenly appeared from nowhere getting his face on every news channel with his views on the subject?
Page 305 of 395
306 | 307 | 308 | 309 | 310