UFGN wrote: He'd not manage to put corp tax up to 26pc but yes he does want to levy higher taxes on big business and frankly, good
The Right don't get to lecture anybody about business in the UK anymore. Look at the fuckin state we're in politically, with businesses and their staff not knowing what's going on. The likes of Johnson, Davies, May and co who are supposed, the Right would have us believe, to be the people we need running the gaff and they're all f***ing clowns
Jeremy isn't my first choice but id give him a chance
Problem with this
'small world' thinking is that in the
'real world' it's a non starter .... business now competes at a global level you can't go back to the 1950's however much you may want to ....
Increase Corporation tax to 26% what happens?
Any Company that can move it's operation to a lower tax jurisdiction will, this is not guesswork it's what already happens, just look at where all the largest companies have corporate headquarters ... Ireland being a great example (12.5% CT)
and what about companies that can't move? so all UK based manufacturers and SEO's?
Well two things -
- If they are competing with companies paying say 16% Corporation tax, they will be at a 10% disadvantage ... that's unsustainable ....
- If they have a
'niche' UK business then they will just pass that 10% increase onto the consumer ....
In either event their business will be less viable and the risk is that many will downsize or fail .... that's not
'fantasy' it's the reality in the world we live in today. When countries around the world are battling for business by
reducing corporation tax ... the US just cut their's by 18% ... increasing the UK's would be a massive mistake .....
Jeremy may be a
'great guy' but turning the country into a Socialist welfare state would be crippling .... see Venezuela where Hugo Chavez started off as
'the man of the people' how is that working out? .....