If we vote for Brexit what happens

gfplux

Happy days.
I have just received my postal vote for the referendum.
Will be placing my X and posting it of very quickly.

Moby

Rinoa wrote: »

Vote remain and look forward to this:




Welcome to the United States of Europe.

http://order-order.com/2016/05/25/eu-plots-europe-wide-tax-id-numbers/

No problem for me. A govmt in Brussels is no different to a govmt in London. At least the EU brought in legislation to protect workers rights. The shower now ruling us from London are right wing reactionaries as far as I'm concerned and I never voted for them! At least Europe has Merkel and Allende who I identify with much more than most politicians in the UK. National boundaries are becoming so passe` surely!

Rinoa

Moby wrote: »

No problem for me. A corrupt govmt in Brussels is no different to a corrupt govmt in London. At least the EU brought in legislation to protect workers rights. The shower now ruling us from London are right wing reactionaries as far as I'm concerned and I never voted for them!

Excellent.

Shame so many in the EU aren't able to exercise those rights because they haven't got a job.

BobQ

Rinoa wrote: »

Vote remain and look forward to this:


Welcome to the United States of Europe.

http://order-order.com/2016/05/25/eu-plots-europe-wide-tax-id-numbers/

You keep falling for these fanciful distortions of the facts.

This is about clamping down on corporate tax evasion. Or do you support this?

Anti-tax avoidance: close tax gap with low-tax third countries, say MEPs
Economic and monetary affairs - 24-05-2016 - 14:42
Committee : Economic and Monetary Affairs

The European Commission's proposal for an EU anti-tax avoidance directive was welcomed by Parliament's Economic and Monetary Affairs Committee in a resolution voted on Tuesday. MEPs nonetheless advocated stricter limits on deductions for interest payments and an effective corporate tax rate of 15%.


The committee approved its text by 20 votes to 15, with 21 abstentions. This outcome was closer than expected because at the last minute - during the voting - the EPP group decided to vote blank due to the large number of amendments by centre-left groups backed by small majorities. "We need to study these well and we might support the text after all in the vote in plenary in June", said EPP shadow rapporteur Luděk Niedermayer (CZ), explaining his group’s sudden hesitation.


The anti-tax avoidance directive reflects the OECD's action plan to limit tax base erosion and profit shifting (BEPS) and follows recommendations made by Parliament in November (TAXE 1 report) and December (legal recommendations Dodds and Niedermayer) last year. It builds on the principle that tax should be paid where profits are made and includes legally-binding measures to block the methods most commonly used by companies to avoid paying tax. It also proposes common definitions of terms like “permanent establishment”, “tax havens”, “minimum economic substance” “transfer prices” and other terms hitherto open to interpretation.


Rapporteur for Parliament's opinion Hugues Bayet (S&D, BE) said: "It is inconceivable to incessantly ask for ever more efforts from workers, pensioners, and SMEs while at the same time the wealthy and multinationals evade making their fair contributions to tax."


"We therefore urge EU member states to be ambitious in the fight against tax evasion by large multinationals. EU citizens are disgusted by the LuxLeaks and Panama Papers revelations and scandals. Today, the fight against tax evasion has become urgent and a priority. This is a major challenge, not only to regain the confidence of our citizens but also for the future of the European project."


Stricter limits on interest payment deductions


One area in which the committee wants to go further than the Commission is in limiting deductions for interest payments. The Commission proposes that companies should not be allowed to deduct more than 30% of their earnings, whereas MEPs say this should be limited to 20% or €2 million, whichever is higher. MEPs also want to limit the period during which these deductions can be made to five years, whereas the Commission did not propose a limit.


Switch-over rule


MEPs are also more ambitious than the Commission with regard to the “switch-over rule". Today, if earnings are taxed in one country outside the EU and then transferred to an EU member state this so called “foreign income” is often exempt from taxation, so as to avoid double taxation. The Commission proposes that this exemption should be denied if the foreign income was taxed at a rate lower than 40% of the national rate. MEPs favour setting a minimum rate of 15%, i.e. if foreign income was taxed at a lower rate outside the EU, then the exemption would have to be refused and the difference would need to be paid.


What's next?


EU ministers will need to decide unanimously on the Commission proposal, on which they will hold a policy debate at the 25 May Council of Finance ministers (ECOFIN).

Rinoa

BobQ wrote: »

You keep falling for these fanciful distortions of the facts.

This is about clamping down on corporate tax evasion. Or do you support this?

Yes.

What about the EU setting Corp Tax rates.

Are you happy for the EU to allocate NI numbers for every EU citizen?

Moby

Rinoa wrote: »

Excellent.

Shame so many in the EU aren't able to exercise those rights because they haven't got a job.

So thats the EUs fault as well. Whereas when we Brexit paradise will be revealed. Errant nonsense. The IFS shot your fox yesterday.

Rinoa

Moby wrote: »

So thats the EUs fault as well.

EU countries average unemployment 9%.

European countries not in EU average unemployment 3.8%

Go figure.

In comparison US 5%, Australia 5.8%, Japan 3.1%

angrypirate

mayonnaise wrote: »

order-order.com aka Guido Fawkes aka an offshore tax dodging outfit (Global & General Nominees Limited) run by Paul Staines, a guy with several convictions for drunk driving under his name.
Great source of info. :rotfl:

I am in no doubt at all he is a nasty piece of work. In fact its probably necessary to do what he does. However, I have no interest in being friends with him. But I do find his website quite interesting and one thing you have to remember - despite plenty of legal threats, Guido has never been successfully sued for slander or defamation.

ruggedtoast

Moby wrote: »

No problem for me. A govmt in Brussels is no different to a govmt in London. At least the EU brought in legislation to protect workers rights. The shower now ruling us from London are right wing reactionaries as far as I'm concerned and I never voted for them! At least Europe has Merkel and Allende who I identify with much more than most politicians in the UK. National boundaries are becoming so passe` surely!

I mostly agree. BREXIT would mean Scotland's secession, the Tories in power forever, and eternity of fawning over the anachronism of the royals, the end of the NHS, and UKIP's brownshirts dragging us even further to the right. Not a country I would want to live in.

That said the EU does need serious reform. The UK is not the country that will lead that but I hope the threat of BREXIT does make the EC start to listen to the democratic concerns of EU people.

angrypirate

Moby wrote: »

No problem for me. A govmt in Brussels is no different to a govmt in London. At least the EU brought in legislation to protect workers rights. The shower now ruling us from London are right wing reactionaries as far as I'm concerned and I never voted for them! At least Europe has Merkel and Allende who I identify with much more than most politicians in the UK. National boundaries are becoming so passe` surely!

I never voted for Merkel or Holland. In fact, I couldnt vote for them. Yet i got them. Regardless whether or not you voted for your local MP, they were elected by a simply majority in your constituency.

Looks what happened in Austria the other day - they nearly elected a extreme right wing nutjob. What happens when the next Merkel or Holland is an extreme rightwing nutjob? Will you want out then?