Brexit the economy and house prices part 7: Brexit Harder

melanzana

Thrugelmir wrote: »

The countries I mentioned operate within the fiscal framework of the Eurozone and therefore the ECB.

UK is still a member of the EU and has been for some considerable time too.

I am not sure of your point. Each EU country is free to set their own tax rates and some did to the benefit of their countries. The UK is not the only EU member to be outside the Eurozone.

Why did UK not do similar? The Eurozone would not preclude that. Baffled.

melanzana

https://ec.europa.eu/ireland/tags/corporate-tax_en

Quote...

First, these cases do not mean that we object to tax rulings in principle. Tax rulings as such are perfectly legal. They give companies clarity on how their tax bills will be calculated, or how certain tax rules will be applied. We simply want to make sure that they are not used to rubber stamp a way of allocating profits that does not match economic reality.

And second, these cases do not mean that the Commission is claiming authority over tax rules – national or international. They do not affect the sovereign right of Member States to determine their own corporate tax systems, or to set their own tax rates. They are simply about special treatment for certain companies.

I believe that fighting against aggressive tax planning practices should make countries like Ireland an even better place to invest. Ireland has a highly skilled workforce and modern infrastructure. It has chosen - and this is its sovereign right - to set a low corporate tax rate. And enforcing the state aid rules means Ireland, and other EU Member States, can also offer investors a place in a fair and open single market – at the tax rate they each decide.

Discuss....

Lornapink

BobQ wrote: »

I also read the Act of Parliament that set up the referendum which (contadictorily) said it was an advisory vote.

Provide links to key Remainers during the campaign saying 'this is only advisory'

melanzana

Brexit is dead now. Well for the moment anyway, since Parliament has gone into recess.

But will be brought back to life when our Government decide what they want.

They seem to want nothing now, so what do you all think will happen?

Thrugelmir

melanzana wrote: »

I am not sure of your point.

For the Euro to function as it was designed to do. Then fiscal policy has to be standardised. Taxation policy being one of the major strands to achieve this aim. All perfectly logical.

melanzana

Thrugelmir wrote: »

For the Euro to function as it was designed to do. Then fiscal policy has to be standardised. Taxation policy being one of the major strands to achieve this aim. All perfectly logical.

CT rates are being reduced all around the world for obvious reasons.

The euro has been in place for a long time, and it seems to work well for those who embrace it. I do realise that there are some countries who don't.

But honestly there is nothing to stop each EU country, whether in Eurozone or not from setting their own tax rates, be that personal or corporate.

UK could do it too. But chose to complain about those who did.

Tromking

melanzana wrote: »

CT rates are being reduced all around the world for obvious reasons.

The euro has been in place for a long time, and it seems to work well for those who embrace it. I do realise that there are some countries who don't.

But honestly there is nothing to stop each EU country, whether in Eurozone or not from setting their own tax rates, be that personal or corporate.

UK could do it too. But chose to complain about those who did.

As Thugelmir suggests this is not so much about the U.K. but other countries within the Eurozone complaining about non-standardised tax rates.
If the Eurozone is to survive it cannot have a country like France with a near 50% of GDP being spent on public spending and Ireland spending nearer 25% within its jurisdiction.
If and when Brexit happens, this will be one of the next battles Brussels has to face.

Herzlos

Lornapink wrote: »

You know how Remainers claim 'tax harmonisation' is just a Leavers scare story.....
Does it hurt to keep being proved wrong over and over again?


EU announces plan to scrap member state veto on tax policy
https://www.independent.co.uk/news/world/europe/eu-tax-policy-veto-scrap-european-commission-brexit-ireland-a8729396.html

I'll be honest, that's the first time I've heard "tax harmonization" as a Leave argument. What's wrong with simplifying the tax model?

Herzlos

Lornapink wrote: »

Remainers - 'Ireland border in insoluble'


Remainers - 'no matter how challenging it is to reverse climate change, we must do it, lets find a way'


Remainers - 'I like the EU's new policy to track and speed-limit hundreds of millions of cars no matter where they are' (yet they claim we cant solve a little border issue in one relatively small area)

The Irish border is perfectly solvable. It's either there or not.
What's impossible is Mays contradictory red line approach of no border but no customs union. Once she decides which one to drop it's sorted in minutes.

lisyloo

Theophile wrote: »

Brexiteers on this forum seem to think that politicians' rhetoric and campaign leaflets trump Acts of Parliament.
Fascinating stuff.

What people were told literally hundreds of times counts for a lot in the mind of your average Person who doesn’t read acts of Parliament.

Why should they have any faith in the policitical system if they are told something hundreds of times over a period of years and then
It doesn’t happen.

I presume you don’t require a YouTube collection of Cameron/May etc. Saying it’s your choice on hundreds of occasions?