warrenm2

For you lefties out there. Raise taxes too much and companies leave the country, loosing jobs and you get no tax whatsoever from company or employees - well done you stupid losers!

When a very British plc decamps to Dublin, we should all be worrying - Business Comment, Business - The Independent

stilover

I had to phone BT the other day. Guess where the call centre was????????















******* INDIA.

Took me three attempts to tell the ****** my phone number.

TelBoy

Henderson was a real shock, and a heftier kick in the ***** than many for Darling because they cited the "uncertainty" of their tax liability as one of the reasons. That's a sign of a well any truly messed up tax regime.


ps, lose = losing, loose = loosening

TelBoy

Barclays is just as bad. In the City they have greeters in many of the bigger branches. Personally i wish they'd scrap them and pay British workers to answer the phone for a British bank.

J4CKO

iTrader: (1)

Natwest are ok in this respect, always seems to be someone who can speak English, Three use Indian call centres but to be fair they usually sort things out, its just frustrating communicating in what is basically an intermediate language, its too slow and you miss the subtleties and local knowledge you get when speaking to a an English person.

It speaks volumes to me about a company when they outsorce stuff to India, it just says they do everything on balance sheets, not customer service, I will not be renewing my phone contracts with Three, not because of any racial predjudice, just the fact that Three dont employ people at home.

PeteBrant

Of course the rate of 28% has dropped from 30% last year; which makes the UK cheaper than the US, Germany, France and Japan. I.e. our main competitors.

There isn't a max exodus from the UK, London is still the financial capital of the world.

Of course there is a fine line between too much and not enough, but the UK does not need to attract business in the same way that Ireland or countries with similar rates (Eastern Europe) do.

There is also pressure on Ireland et al from France inparticular to raise their rate.

f1_fan

iTrader: (9)

Yeah we're all loosers A Tory education one suspects

Dieseldog

When they say "leave" do they mean they're going to move everyone to Ireland, Switzerland etc., or just set up an Office in the country, employ a handful of admin staff, and claim that all their profits are attributed to that office?

Maybe it's time for a European wide tax system? (hides under desk )

Gordo

[QUOTE=PeteBrant;8102535]Of course the rate of 28% has dropped from 30% last year; which makes the UK cheaper than the US, Germany, France and Japan. I.e. our main competitors.QUOTE]

You've misunderstood the issue - it's not the mainstream corp tax rate, it's the fact that they will now be taxed on profits earned overseas that they weren't before - this has massive implications for many international businesses that will just move overseas - easiest for the financial services businesses (e.g. trusts, fund mgrs etc) but we haven't seen the start of it yet.

always happens when governments get silly - short term gain = long term pain on taxes.

Gordo

warrenm2

good point - thought it looked odd when I typed it!

Luminous

iTrader: (3)

[quote=Gordo;8103460]Does that mean they are effectively stopping double taxation relief? ie companies will be taxed on their overseas profits in the country they generated them, and then also here? If that is the case its no wonder companies are running for the hills. Nobody is going to want to pay twice.

PeteBrant

[QUOTE=Luminous;8103784]No, what it means is that companies like, British American Tobacco, who made £6billion in profit in 2007, have their headquarters in and a significant prescense in the UK, and paid no corporation tax whatsoever now have to pay up like everyone else.

Why should they not have to?


We have a relatively low coporation tax; and interms of the UK, it's lower than at any points since before 1980. So those lefty Tories were charging more during their entire 18 year reign

TelBoy

I want a thread for all those little sayings people have mis-heard over the years!!

Luminous

iTrader: (3)

[quote=PeteBrant;8104038]But what about the other companies who are not running some sort of scheme to get around the rules?

PeteBrant

No, i didn't mis-hear mass exodus; I just mistyped it.

You would have to be a bit of a twonk to think it was "max" exodus.

TelBoy

What about prescence?

PeteBrant

What about it?

Did you understand the word?

If yes, what are you ****ing moaning about

If not, then I meant "Presence".

I am typing quickly, and I am prone to mistakes when I do, and I don't have time to spell check or re-read what I have written to ensure it is 100% correct in spelling terms.

lozgti

Is it Barclays is or Barclays are I'm not sure myself.

Labour =Tax.

Be interesting next year when companies and individuals have virtually nothing left to be taxed on.

As an aside,I'm still livid seeing a 2000 Ferrari 360 is going to be half the cost to Tax as our family car according to 5th Gear

TelBoy

Barclays is a single bank, therefore Barclays is just as bad.

PeteBrant

yet they have a lower corporate, and income tax rate than the Tories did during their entire 18 year rule

AndyC_772

iTrader: (2)

That's only because they've shifted away from collecting money through income tax, which is very obvious, to other taxes which aren't.

TelBoy

Exactly. Marginal rate of tax is what it's all about, come on Pete, don't be one of the suckers who believe this government have lowered taxes just because the headline rate is lower.

PeteBrant

Possibly.

But the overall tax burden remains consistant (and has done for the last 30 years or so) It varies between around 34-37%

PeteBrant

Go and look at the Adam Smith insititute (hardly a left leaning think tank) and look at the overall tax burden.

TelBoy

Yes i know but you're using words like "lower", not me. Headline rates are irrelevant given what else has been messed about with.

PeteBrant

Actually I am using it in response to the claim that "Labour=tax" and the initial post that claims Labour has a high corporation tax.

I am saying that Labour has a lower Corporation tax than the Tories ever did in the 80's/90's, which is factually correct.