Lib Dems sell out

Degenerate

lvader wrote: »

The UK doesn't have the ECB to bale us out.

Ok, now this has to be a joke. No-one could say that with a straight face.

1984ReturnsForReal_2

lvader wrote: »

CGT went up not down and really has little baring on the currency market. The pound went up because it stands a better chance of keeping it's AAA rating intact. Once your credit rating starts going down it's a downward spiral to hell as the cost of borrowing get higher and higher. The UK doesn't have the ECB to bale us out.

Do you know what your talking about?

CORPORATION TAX (CGT is a completely different thing) is going down 1% a year for the next 4 years.

If you feel this has no bearing on the Pound you simply do not know what you are talking about.

1984ReturnsForReal_2

Degenerate wrote: »

Ok, now this has to be a joke. No-one could say that with a straight face.

Just someone else that doesn't know sh*te....

lvader

1984ReturnsForReal wrote: »

Do you know what your talking about?

CORPORATION TAX (CGT is a completely different thing) is going down 1% a year for the next 4 years.

If you feel this has no bearing on the Pound you simply do not know what you are talking about.

Missed the corporation tax change, yes this doesn't have a baring either. Keeping our AAA rating and reduceing the amount of debt/borrowing does.

1984ReturnsForReal_2

lvader wrote: »

Missed the corporation tax change, yes this doesn't have a baring either. Keeping our AAA rating and reduceing the amount of debt/borrowing does.

The only thing I mentioned was Corporation Tax.

You don't know the difference between Corporation Tax & Capital Gains Tax.

So tell me why exactly it has no effect on the pound when you don't even know what it is???




:rotfl::rotfl:

lvader

I simply missread your post, with all the talk of capital gains tax it was on my mind at the time.

Exocet

Actually if I might inject a little knowledge into the thread - Corporation Tax and CGT are one and the same thing. CGT stands for Corporation Gains Tax and was introduced by Norman Lamont as part of his "Let's Refloat Britain" weekend. Interestingly the media have got confused and I see reports in some papers that it is going up to 28% and then in others that it is going down. The facts, for those who can be bothered to look them up (wikiktaxandspend.com) are that the tapered reductions will be offset by an initial increase, resulting in a net gain to the average multi occupier of thirteen pence per annum.

1984ReturnsForReal_2

Exocet wrote: »

Actually if I might inject a little knowledge into the thread - Corporation Tax and CGT are one and the same thing. CGT stands for Corporation Gains Tax and was introduced by Norman Lamont as part of his "Let's Refloat Britain" weekend. Interestingly the media have got confused and I see reports in some papers that it is going up to 28% and then in others that it is going down. The facts, for those who can be bothered to look them up (wikiktaxandspend.com) are that the tapered reductions will be offset by an initial increase, resulting in a net gain to the average multi occupier of thirteen pence per annum.

I have learn't something new then..

CGT stands for Corp Tax not Capital Gains Tax....

Which as a novice when someone says CGT has risen when in fact CGT (Corp Tax) will fall it makes me believe the poster is indeed referring to the rise in Capital Gains Tax.

Well interjected.....

Exocet

1984ReturnsForReal wrote: »

I have learn't something new then..

Er, no you haven't.

Sorry.

System

I'm pretty sure capital gains tax and corporation tax are not the same thing.