Monday, Nov 27, 2006

Poor business doesn't want to pay so much tax - bless!

MSN: One in 5 firms moving some business abroad

One in five companies have relocated some of their activities overseas and a third are considering it because of gripes over tax, according to a poll by the CBI published on Monday. The survey also showed nearly 20 percent of companies had even considered moving their headquarters abroad.

Posted by uncle chris @ 09:59 AM (454 views)
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8 Comments

1. waitingfor hpc said...

this is part of the reason for HPC. If you tax people & business too much they start to look for ways to avoid tax - and then they leave. I would rather have 25% of something than 30% of nothing! Happened under the last labour govt - as they inherited a good platform has taken a lot longer than i expected to come through.
Even council workers round my way are complaining about the levels of tax!!!

Monday, November 27, 2006 10:29AM Report Comment
 

2. Steve1 said...

Tarditionally Labour Governments have been jettisoned after one term in office. 3 terms of office will mean the breadth and depth of Gordons waste will take years to correct. From here on in till the next election Taxes are only going one way and that is up.

"Wake me up, when New Labour ends"

Monday, November 27, 2006 10:58AM Report Comment
 

3. tyrellcorporation said...

http://en.wikipedia.org/wiki/Laffer_curve

Monday, November 27, 2006 12:33PM Report Comment
 

4. Ticktock said...

Well theres a surprise. Who would have thought that that the CBI would have concluded that lower corporation tax is what the world needs!

What next? CML demand Government do more to help over stretched borrowers or something? Oh wait, that was last week.

Does anybody pay any attention (other than the BBC of course) to such blatant VI survays/ studies/ analysis?

'Cut more public sevices and welfare, or else we'll f*ck off somewhere cheaper with the piles and piles of your money that we have bled from you already, as a result of the last lot of 'business friendly' policy decissions that we bullied you into making' is what they are really saying.

So how was it in our collective interests to allow you to accumalate all that wealth again? I thought that the deal was that as a result of your new wealth, that you could then re-invest in the Nation creating jobs and wealth. If that deal has changed, maybe we need to reassess the situation a little?

How can a 'National Champion' be considered to be so while they park their capital off-shore, out-source work abroad, use every tax loop-hole in the book to avoid making their contribution, bully the state to cut public expenditure and give them the proceeds, import cheap labour to lower wages and thus lower inflation (so they can continue to borrow cheaply, buy all the land and housing, and to rent it back to us) rob our pension funds & dismantle our NHS ,and ruin our working environments for the benifit of 'stakeholders?' (who are mostly American)

National champions indeed.


Monday, November 27, 2006 01:44PM Report Comment
 

5. Retiredbanker said...

waitingfor hpc-

Many council workers are rather better paid than you seem to realise; just look at job adverts by the public sector.

Monday, November 27, 2006 02:01PM Report Comment
 

6. Dohousescrashinthewoods said...

I think this is really serious. Businesses and individuals with the wherewithal to move will do so when they have had enough. Considering the cost of a move, that means we are that far over what they are willing to accept.

40% of GDP goes in tax. That is crazy.

Brown is going to have to back off before he chokes off the branch he is sitting on. It would take millions of indebted "ordinary people" to replace the tax revenues of even one major exit.

Monday, November 27, 2006 02:46PM Report Comment
 

7. Dohousescrashinthewoods said...

Chris, let's not forget that businesses support people by paying salaries, so no point trying to bleed them dry.

If business collapses, Gordon loses out and so do people. On the other hand, if business leaves the country, Gordon gets much less tax, but there's still a change that we, the people, will get salaries.

Good on them I say. Give him the bloody nose his greedy/grubby/desperately indebted "Mirage-cle" economy deserves. I will be leaving as soon as I can take my tax revenues elsewhere - and sooner if they actually manage (despite sheer incompetence) to implement satellite tracking for cars.

Monday, November 27, 2006 03:25PM Report Comment
 

8. iguana said...

"Those that have, want to keep it" regardless of the effect upon those that have not.
It has been a common aim of businesses and richer individuals to mitigate their tax liability, usually this is by using the 'local' tax rules with some occasional stretching and bending of those rules. There has however been a growing trend amongst the very biggest of companies and the criminally inclined (no link here!) to 'locate' in a tax neutral or tax friendly location and claim to be undertaking their activities from there, even though for all practical purposes it is clear that the business was operating in, for example, central London. The end result of this is a sustained and savage attack upon the exchequer (both in the UK and the other EU Countries) leaving economies with those unexpected gaping black holes and meaning that Governments cannot fund the things that really count, like health and education. The people that pay for trying to bridge those gaping holes are those that cannot afford to 'locate' elsewhere, ie the ordinary wage slave.

Tuesday, November 28, 2006 09:33AM Report Comment
 

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