Corporation tax
#1
Tory chancellor planning to raise it - Labour leader planning to oppose raising it. 

Apparently we've entered opposite world. I'm not sure I'll suit blue... Big Grin
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#2
It was either tax businesses more or tax assets.

The Tories have chosen the one that will lose them the least amount of votes.
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#3
Starmer is a piece of shit.
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#4
(02-25-2021, 12:52 PM)Borin' Baggie Wrote: It was either tax businesses more or tax assets.

The Tories have chosen the one that will lose them the least amount of votes.

Increasing marginal rates will raise next nothing at all. You heard it here first.

The blindingly obvious solution is staring them in the face but vested interest (not votes) will scupper that.
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#5
(02-25-2021, 01:06 PM)Protheroe Wrote:
(02-25-2021, 12:52 PM)Borin' Baggie Wrote: It was either tax businesses more or tax assets.

The Tories have chosen the one that will lose them the least amount of votes.

Increasing marginal rates will raise next nothing at all. You heard it here first.

The blindingly obvious solution is staring them in the face but vested interest (not votes) will scupper that.

People with assets by and large vote Tory. Taxing them will definitely cost them support, see how they abandoned support for land duties during the coalition once the scare stories and fearmongering about the "Mansion Tax" started to take hold in the Telegraph and Mail.
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#6
(02-25-2021, 01:20 PM)Borin' Baggie Wrote:
(02-25-2021, 01:06 PM)Protheroe Wrote:
(02-25-2021, 12:52 PM)Borin' Baggie Wrote: It was either tax businesses more or tax assets.

The Tories have chosen the one that will lose them the least amount of votes.

Increasing marginal rates will raise next nothing at all. You heard it here first.

The blindingly obvious solution is staring them in the face but vested interest (not votes) will scupper that.

People with assets by and large vote Tory. Taxing them will definitely cost them support, see how they abandoned support for land duties during the coalition once the scare stories and fearmongering about the "Mansion Tax" started to take hold in the Telegraph and Mail.

Just like NHS funding reform, Land Tax is the necessary solution which dare not speak its name.
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#7
The NHS funding was last reformed in 2012, it was just spearheaded by an ideological maniac called Andrew Lansley who ignored input from experts and coalition partners (said coalition partners included David Laws who wrote a very well researched essay on NHS funding reform in the Orange Book with a view to further research), cocked it up and made any further reforms completely toxic lest they have the same result.

The Liberals/Lib Dems meanwhile have tried to implement a land value tax since 1909 and every time it's been close to being implemented the Tories have blocked it through underhanded means.

Bit different.
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#8
I've been reading some stuff recently about the value of rough shooting land being anything up to three times that of the same land when used for agriculture. Rough shooting in this context was resident wildfowl without any artificial rearing to boost numbers. This got me thinking about the land valuation of prime grouse moor and, while it's difficult to pin down a definitive number, I've regularly seen amounts like £20,000 per acre mentioned for land which would have negligible alternative agricultural use, aside from possibly forestry.

These are estates which have become used to attracting generous CAP subsidies, with primary payments based on acreage. Leaving aside the questionable ethics and practices frequently indulged (in more than one sense of the word) on many of these estates, it would be interesting to see how that particular arm of the landowning community would react to the changed financial circumstances of discontinued subsidies followed by the introduction of land value tax.

Actually 'interesting' is an understatement.
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#9
Isn’t it about time we started seriously tackling off shore tax havens / shell companies siphoning off wealth and profits avoiding paying a fair share of tax?
Reform of the systems, opening up of British controlled havens, forensic skilled teams analysing companies and wealthy individuals to make sure they pay their dues ?
No more systems that those people can pay auditors, accountants and lawyers to skip around with massive penalties for anyone attempting to con the country out of millions.
That’s what should be Taking Back Control means for most of us !
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#10
(02-26-2021, 07:32 AM)EastMidsBaggie Wrote: Isn’t it about time we started seriously tackling off shore tax havens / shell companies siphoning off wealth and profits avoiding paying a fair share of tax?
Reform of the systems, opening up of British controlled havens, forensic skilled teams analysing companies and wealthy individuals to make sure they pay their dues ?
No more systems that those people can pay auditors, accountants and lawyers to skip around with massive  penalties for anyone attempting to con the country out of millions.
That’s what should be Taking Back Control means for most of us !

It's actually about time we simplified the Tax Code and geared taxation to transactions and holdings where it's unavoidable and easy to collect; Land and purchases.

(02-25-2021, 06:14 PM)Borin' Baggie Wrote: The NHS funding was last reformed in 2012

Internal funding yes, not the way healthcare is funded by us.

(02-25-2021, 06:48 PM)Ossian Wrote: Actually 'interesting' is an understatement.

There's an argument (albeit a weak one) for subsidising rewilding. But there shouldn't be any subsidies for unproductive or marginal agricultural land. Some much of British upland agriculture are lifetstyle businesses underwritten by the state. Surely there's no place for that when we're £Trillion in debt?
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