Ed Balls pledges to raise taxes if Labour win election

antrobus

Tancred wrote: »

There are already many companies based here in the UK. And they will remain, irrespective of their threats and moans about tax and pulling out of the EU. ....

Fifteen seconds and one Google search proves you are wrong.

Shire Pharmaceuticals, Experian, Henderson, Charter, Wolseley, WPP are all examples of UK companies that chose not to remain. (Although I think WPP have said they are coming back.)

Tancred

wotsthat wrote: »

So around 10% more than your household income - I see the logic

My income is irrelevant. I pay what I need to pay but I'm not complaining about it. If I would have to pay a higher rate, so be it.

Tancred

antrobus wrote: »

Fifteen seconds and one Google search proves you are wrong.

Shire Pharmaceuticals, Experian, Henderson, Charter, Wolseley, WPP are all examples of UK companies that chose not to remain. (Although I think WPP have said they are coming back.)

So what? Just a handful of companies among many thousands.

Tancred

lvader wrote: »

My slightly controversial thinking is that people on the whole get paid what they deserve. If someone earns more than me it is because they have been able to justify why they should get the money they do.

That is a very simplistic way of looking at things. In the workplace there is always politics and favouritism - you are very naive if you think otherwise. In my case, I have been overlooked for promotion a number of times only because others were close buddies of the boss. It happens - I don't like it but I accept it. And the higher you go, the narrower the executive pyramid and harder it becomes to get promoted.

Thrugelmir

Tancred wrote: »

There are already many companies based here in the UK. And they will remain, irrespective of their threats and moans about tax and pulling out of the EU. This country should not be held to ransom by big business. The job of government is to look after the interests of its citizens, not the whole world.

Why do many American Corporations have their Eurpean head offices in Dublin or the Netherlands?

You make a fair point. However countries don't play fair. As everyone wants to attract these companies. By offering a low rate of corporation tax. Tax has to be approached with global agreement. So that it is paid where companies make a profit, and the native population therefore benefits.

Until this day arrives. The UK needs to be attractive to employees and employers alike.

ukcarper

Thrugelmir wrote: »

Why do many American Corporations have their Eurpean head offices in Dublin or the Netherlands?

You make a fair point. However countries don't play fair. As everyone wants to attract these companies. By offering a low rate of corporation tax. Tax has to be approached with global agreement. So that it is paid where companies make a profit, and the native population therefore benefits.

Until this day arrives. The UK needs to be attractive to employees and employers alike.

I'm not sure the tax rates of their employees pay that big a part in their decision corporation tax yes. Mind you a lot of those corporations are quite adapt at avoiding that.

lostinrates

ukcarper wrote: »

I'm not sure the tax rates of their employees pay that big a part in their decision corporation tax yes. Mind you a lot of those corporations are quite adapt at avoiding that.

When the tax rates of partners or boards come into question they do form part of discussions on occasion. So I am lead to understand. DH did a secondment with a company where th eu HO is in uk but the senior staff were increasingly basing themselves in Other European locations. his immeasiate boss while there was in ireland, and in tirn his boss was in continental Europe somewhere. The person whose job dh's secondment was covering was actually based in a third European country.

ukcarper

lostinrates wrote: »

When the tax rates of partners or boards come into question they do form part of discussions on occasion. So I am lead to understand. DH did a secondment with a company where th eu HO is in uk but the senior staff were increasingly basing themselves in Other European locations. his immeasiate boss while there was in ireland, and in tirn his boss was in continental Europe somewhere. The person whose job dh's secondment was covering was actually based in a third European country.

I'm sure they do but I bet they would still go for 50% income tax 15% corporation tax over 45% income tax 20% corporation tax.

lostinrates

ukcarper wrote: »

I'm sure they do but I bet they would still go for 50% income tax 15% corporation tax over 45% income tax 20% corporation tax.

Depends on what that would equate to paying board packages to keep them to heading off to companies scooting off to places where income tax and corporation tax were more favourable I guess :rotfl:

N1AK

wotsthat wrote: »

So around 10% more than your household income - I see the logic

I think your mistaking 'depressingly common tendency to suggest punitive taxes on people earning more than you' for 'logic'

Remember who we're talking to here: Someone who would bring in a 50% tax:

at least until the deficit is eliminated and the the budget is running a surplus

Because they aren't informed and thoughtful enough to realise that they are both the same thing and that neither of them mean what, I think, they mean which is "until we have paid off our debt".

You might as well argue with a racist about how Pakistani immigrants years ago provided a lot of benefit to society. They don't want to hear it and won't accept it because it doesn't fit the narrative they have already decided is true.