Election Manifestos and Policies

[Glyn_Wigley]

Does anybody know which cupboard they've locked Boris in? lol

[Filo]

Does anybody know which cupboard they've locked Boris in? lol

The one next to Jeremy Hunt I think

[Glyn_Wigley]

Does anybody know which cupboard they've locked Boris in? lol

The one next to Jeremy Hunt I think

He actually surfaced...about three days after the NHS hacking instead of on the day though.

[not on facebook]

Does anybody know which cupboard they've locked Boris in? lol

One strength that I do have which ,I have built up over the years and has rarely let me down to date
is my judgement of character .

I recall sitting in a pub when that one legged runner for SA was hitting the news and eveyone was all over him due to his one leg missing.

After about a few weeks of seeing him on tv etc etc  I made a comment about him been a wrong'ern
and had to put it down to my judgement of character or my gutt fealing when all in the pub questioned me.

Few years down the line and the one legged fcuker is slopping out.


Like I said my judgement on face value or character has kept me in good stead .

[not on facebook]

Does anybody know which cupboard they've locked Boris in? lol

The one next to Jeremy Hunt I think

Can never understand why he was not in front of the media doing the job that he is paid to do.

Should have been de commissioned and a more able body given the duty to serve the public.

[drfchound]

Raising Corporation tax to 26% is a smart move by Corbyn.
Simply, it will reduce investment by Companies in the uk.
It is a tax hike that will damage growth and affect where big businesses choose to locate.
Outcome, potential loss of jobs and further hardship on small businesses.

Choose where they locate? Given that that level of Corporatioon Tax is still lower than most  first world countries, you're telling us they're all going to rush to countries with higher Corporation Tax than us?

Perhaps they'll all go to the US, where it's about twice the rate of ours.

I take it that you don't care that lower nett profits will result in lack of reinvestment in business meaning lower possible pay increases and possible redundancies.

[Sprotyrover]

Jeremy Hunt,is it just me or do others on this board think he has purposefully misspelled his surname 😜

[Jenny]

The rise in tax rates will just make individuals and companies consider their tax residence status. As I understand it, the treasury takes more in corporate tax revenues now than it did when the rate was 30%...

I've worked in tax for over a decade and I'd say the environment in which companies operate now is far more open, I see less tax avoidance because the UK is a very competitive country to do business in. Increase the rate, and you'll increase avoidance. HMRC don't have the manpower to deal with avoidance as it stands now, I doubt they could cope in their current structures if tax rates were to increase significantly.

[Glyn_Wigley]

Raising Corporation tax to 26% is a smart move by Corbyn.
Simply, it will reduce investment by Companies in the uk.
It is a tax hike that will damage growth and affect where big businesses choose to locate.
Outcome, potential loss of jobs and further hardship on small businesses.

Choose where they locate? Given that that level of Corporatioon Tax is still lower than most  first world countries, you're telling us they're all going to rush to countries with higher Corporation Tax than us?

Perhaps they'll all go to the US, where it's about twice the rate of ours.

I take it that you don't care that lower nett profits will result in lack of reinvestment in business meaning lower possible pay increases and possible redundancies.

That's a bit of a jump, going from 'profitmaking company' to 'redundancies'. You make it sound like they'd be going to the wall rather than making money.

[not on facebook]

Since you mention them two words tax and avoidance Jenny young lady.

I pay 36% on my monthly wage from my first job.

Whenever I take a second job or break a certain amount of overtime I my tax rate hits over 40%.

Had my tax return information during 1st week in April and had untill end of April to return all information required.

Turns  out I have to pay back 12990kr back to tax man that's £1300
and I will get two paying in slips split down the middle ,one to be paid in September and final balance to be paid in October .

If you don't pay it for whatever reason they will attach it straight to your wages and take it out there and then.

They don't fcuk about with the collection of tax over here .

Also they set up the paying of your tv leicence via your tax assement each year.

You miss a doctors appointment and you will get billed £32 for the pleasure ,if you fail to pay that the debt gets taken over by inkasso who will then chase the payment with a huge increase .inkasso will allways get the full payment plus their add ons.

[wilts rover]

Glynn how do you and others stand that mr corbyn is in the same bed as the ira and other know terrorist group or groups .

Surely this must worry you and others somewhat or is it a case of turning a blind eye to  how whatever what terrorist group has got its hands dirty.

Negotiating with the IRA didn't seem to worry Margaret Thatcher - why would it worry me?
http://www.bbc.co.uk/news/uk-northern-ireland-16366413
https://www.theguardian.com/uk/1999/oct/16/northernireland.thatcher

I am more worried about people like you who would prefer that the violence in Northern Ireland continued than I am about people who wanted to stop it.

[Jenny]

Since you mention them two words tax and avoidance Jenny young lady.

I pay 36% on my monthly wage from my first job.

Whenever I take a second job or break a certain amount of overtime I my tax rate hits over 40%.

Had my tax return information during 1st week in April and had untill end of April to return all information required.

Turns  out I have to pay back 12990kr back to tax man that's £1300
and I will get two paying in slips split down the middle ,one to be paid in September and final balance to be paid in October .

If you don't pay it for whatever reason they will attach it straight to your wages and take it out there and then.

They don't fcuk about with the collection of tax over here .

Also they set up the paying of your tv leicence via your tax assement each year.

You miss a doctors appointment and you will get billed £32 for the pleasure ,if you fail to pay that the debt gets taken over by inkasso who will then chase the payment with a huge increase .inkasso will allways get the full payment plus their add ons.

Not sure what that has to do with the price of fish... But yeah. Interesting story.

[drfchound]

Raising Corporation tax to 26% is a smart move by Corbyn.
Simply, it will reduce investment by Companies in the uk.
It is a tax hike that will damage growth and affect where big businesses choose to locate.
Outcome, potential loss of jobs and further hardship on small businesses.

Choose where they locate? Given that that level of Corporatioon Tax is still lower than most  first world countries, you're telling us they're all going to rush to countries with higher Corporation Tax than us?

Perhaps they'll all go to the US, where it's about twice the rate of ours.

I take it that you don't care that lower nett profits will result in lack of reinvestment in business meaning lower possible pay increases and possible redundancies.

That's a bit of a jump, going from 'profitmaking company' to 'redundancies'. You make it sound like they'd be going to the wall rather than making money.

Surely even you know that smaller profits = less available money to reinvest in the Company.

[not on facebook]

I don't either but just wanted to get it off me chest .

Through out the year any tax office in oslo is a quite stress less place and ques and time waiting to be served are quite pleasent .

But my god during the month of April -may it goes up 1000 fold.

You be sat waiting 2 hours to get served while your number comes up and every tax office looks like it's a different country if you get my just.

[Glyn_Wigley]

Raising Corporation tax to 26% is a smart move by Corbyn.
Simply, it will reduce investment by Companies in the uk.
It is a tax hike that will damage growth and affect where big businesses choose to locate.
Outcome, potential loss of jobs and further hardship on small businesses.

Choose where they locate? Given that that level of Corporatioon Tax is still lower than most  first world countries, you're telling us they're all going to rush to countries with higher Corporation Tax than us?

Perhaps they'll all go to the US, where it's about twice the rate of ours.

I take it that you don't care that lower nett profits will result in lack of reinvestment in business meaning lower possible pay increases and possible redundancies.

That's a bit of a jump, going from 'profitmaking company' to 'redundancies'. You make it sound like they'd be going to the wall rather than making money.

Surely even you know that smaller profits = less available money to reinvest in the Company.

Or more likely smaller dividends. Because I believe (and no doubt Jenny can confirm one way or the other), Corporation Tax is levied after reinvestment. ie reinvestment isn't taxed.

[Herbert Anchovy]

Everyone knows what the Tories will do:
Privatise (decimate) the NHS
Cut Education funding
Abolish workers rights
Cut disability welfare
Bring back fox hunting

I genuinely have no idea how anyone with a social conscience can vote for them!!

[Filo]

Everyone knows what the Tories will do:
Privatise (decimate) the NHS
Cut Education funding
Abolish workers rights
Cut disability welfare
Bring back fox hunting

I genuinely have no idea how anyone with a social conscience can vote for them!!

Brainwashed by the Tory controlled media

[drfchound]

Raising Corporation tax to 26% is a smart move by Corbyn.
Simply, it will reduce investment by Companies in the uk.
It is a tax hike that will damage growth and affect where big businesses choose to locate.
Outcome, potential loss of jobs and further hardship on small businesses.

Choose where they locate? Given that that level of Corporatioon Tax is still lower than most  first world countries, you're telling us they're all going to rush to countries with higher Corporation Tax than us?

Perhaps they'll all go to the US, where it's about twice the rate of ours.

I take it that you don't care that lower nett profits will result in lack of reinvestment in business meaning lower possible pay increases and possible redundancies.

That's a bit of a jump, going from 'profitmaking company' to 'redundancies'. You make it sound like they'd be going to the wall rather than making money.

Surely even you know that smaller profits = less available money to reinvest in the Company.

Or more likely smaller dividends. Because I believe (and no doubt Jenny can confirm one way or the other), Corporation Tax is levied after reinvestment. ie reinvestment isn't taxed.

Thanks for that response, you have just won me a fiver.
When I posted I bet my mate at work £5 that you would post something along those lines.
You do seem to have a problem with successful business people making money don't you.

[Glyn_Wigley]

Raising Corporation tax to 26% is a smart move by Corbyn.
Simply, it will reduce investment by Companies in the uk.
It is a tax hike that will damage growth and affect where big businesses choose to locate.
Outcome, potential loss of jobs and further hardship on small businesses.

Choose where they locate? Given that that level of Corporatioon Tax is still lower than most  first world countries, you're telling us they're all going to rush to countries with higher Corporation Tax than us?

Perhaps they'll all go to the US, where it's about twice the rate of ours.

I take it that you don't care that lower nett profits will result in lack of reinvestment in business meaning lower possible pay increases and possible redundancies.

That's a bit of a jump, going from 'profitmaking company' to 'redundancies'. You make it sound like they'd be going to the wall rather than making money.

Surely even you know that smaller profits = less available money to reinvest in the Company.

Or more likely smaller dividends. Because I believe (and no doubt Jenny can confirm one way or the other), Corporation Tax is levied after reinvestment. ie reinvestment isn't taxed.

Thanks for that response, you have just won me a fiver.
When I posted I bet my mate at work £5 that you would post something along those lines.
You do seem to have a problem with successful business people making money don't you.

No, because raising Corporation Tax doesn't stop anybody making a profit.

[drfchound]

Of course not, it does mean paying money in tax though that would have been additional profit overall.
Less money retained in the business means less reinvestment.
I have paid plenty of Corporation tax in the past.

[Herbert Anchovy]

Everyone knows what the Tories will do:
Privatise (decimate) the NHS
Cut Education funding
Abolish workers rights
Cut disability welfare
Bring back fox hunting

I genuinely have no idea how anyone with a social conscience can vote for them!!

Unfortunately I think you're spot on mate. People would rather believe the bile that they're fed by the Daily Mail than find anything out for themselves.

Brainwashed by the Tory controlled media

[drfchound]

Of course other papers don't have a bias to the Labour set up.

[Herbert Anchovy]

Of course other papers don't have a bias to the Labour set up.

I didn't say that they don't - but if people vote for a party based on what they read in the papers then its a very sad state of affairs.

[drfchound]

Well my guess is that it may be a case both ways mate.

[not on facebook]

Of course other papers don't have a bias to the Labour set up.

I didn't say that they don't - but if people vote for a party based on what they read in the papers then its a very sad state of affairs.

Get the thing about not taking any notice of whatever newspaper spies out as it's obvious which paper
is backing what party .

I like to go on first impressions to help my choice and if I was going to be get fcuked over by whoever runs the country > it be a lot more better to take from a well dressed set of fcukers all from the same page > than a set of mix and match fcukers who are many different pages .


That's why Labour would never get my vote

[bobjimwilly]

The rise in tax rates will just make individuals and companies consider their tax residence status. As I understand it, the treasury takes more in corporate tax revenues now than it did when the rate was 30%...

I've worked in tax for over a decade and I'd say the environment in which companies operate now is far more open, I see less tax avoidance because the UK is a very competitive country to do business in. Increase the rate, and you'll increase avoidance. HMRC don't have the manpower to deal with avoidance as it stands now, I doubt they could cope in their current structures if tax rates were to increase significantly.

This is a prime example of what continues to happen under the Tories, which makes me very skeptical when you suggest there is less tax avoidance now:
Atos, G4S paid no corporation tax last year despite carrying out £2billion of taxpayer-funded work

[Jenny]

Raising Corporation tax to 26% is a smart move by Corbyn.
Simply, it will reduce investment by Companies in the uk.
It is a tax hike that will damage growth and affect where big businesses choose to locate.
Outcome, potential loss of jobs and further hardship on small businesses.

Choose where they locate? Given that that level of Corporatioon Tax is still lower than most  first world countries, you're telling us they're all going to rush to countries with higher Corporation Tax than us?

Perhaps they'll all go to the US, where it's about twice the rate of ours.

I take it that you don't care that lower nett profits will result in lack of reinvestment in business meaning lower possible pay increases and possible redundancies.

That's a bit of a jump, going from 'profitmaking company' to 'redundancies'. You make it sound like they'd be going to the wall rather than making money.

Surely even you know that smaller profits = less available money to reinvest in the Company.

Or more likely smaller dividends. Because I believe (and no doubt Jenny can confirm one way or the other), Corporation Tax is levied after reinvestment. ie reinvestment isn't taxed.

Thanks for that response, you have just won me a fiver.
When I posted I bet my mate at work £5 that you would post something along those lines.
You do seem to have a problem with successful business people making money don't you.

No, because raising Corporation Tax doesn't stop anybody making a profit.

It doesn't stop them making a profit, but it gives them less money to put back into the business.

Corp tax is calculated on profits before tax and dividends, therefore, say I had a company and it made £10,000,000 taxable profits, under the current regime I would pay £1,900,000 tax. Under labours proposals, I would pay £2,600,000 tax. That is £700,000 that I wouldn't be able to reinvest in the business.

My profit after tax drops from £8.1m to £7.4m.

When I started working in tax the CT rate was 30%, it was anti-competitive and most of the planning was around companies being off-shored - for example, by moving your management and control to Ireland cut that rate for trading companies to 12.5%, its a massive difference and why Ireland has always been seen as a good place for business (google, starbucks, facebook). Netherlands was also a place where many business were tax resident because their rate was lower than the UK.

And then there has been a shift, as the UK has become more and more competitive companies have come back onshore, it has been good for tax revenues, because 19% of something is better than 30% of nothing. It has also been good for employment.

I am not saying large scale tax avoidance doesn't still exist because it clearly does, but there is less offshoring, because it isn't as attractive anymore.

By increasing tax rates you put strain on businesses - I now work in tax in a retailer. Retailers are squeezed to high hell due to excessive business rates, national minimum/national living wage, employers NI contributions etc etc Over the past few years all of these things have increased, retail isn't massively high margin so as lots of costs go up, you have to find a way to bring your cost base down - usually via employing less people or paying them as low as possible and employing people on zero hours. Or putting prices up, which obviously impacts the economy and the country as a whole.

As a consumer, I don't want to see my spending habits increase due to price rises, but I can almost guarantee that this will happen if CT rates go up. The costs just get passed on to the consumer...

[Glyn_Wigley]

Thanks for that Jenny, I was wrong about my understanding about what the description of taxable profits includes.

[drfchound]

Well that put that one to bed Jenny.

[big fat yorkshire pudding]

Well that put that one to bed Jenny.

BUT labour will still think taxing higher is the way forward, and it's obviously not.