The Brexit Thread

[Gandalf]

As I follow brexit from afar it’s interesting to see how the indecision in Britain effects our stock market. I was also surprised to hear master say the corporate tax rate in England is 17% I think he said that, ours was 26-28% before trump

It is 19% and should be higher, this Government are taxing the poor for the fat cats.

We master I understand that argument but high corporation taxes encourage companies to set up shop in China where intellectual property is stolen. Corporations and private business are the ones who are supposed to employ people. It’s tough though, I see both sides of the equation. Our corporate tax was around 28 or 27 percent recently. If you can go to Vietnam and pay a quarter of that, why not. People in the US flee to states with lower taxes, what’s the difference. One time the government was going after Microsoft for anti trust and taxes. Bill Gates started shopping around to different countries. All of the sudden the government quieted down. Let me as you, do these massive corporations provide any other benefits to your country than taxes, which they are great at avoiding. If they left, I bet the impact would be much greater than losing that 17% rate. I’ll stop bitching about people not paying taxes once I find a way to stop bitching about paying taxes

The big corporations need the British consumers and to get to them they should have to pay their fair share of tax which they are not.

Exactly, those corporations are allowed access to a market that gives them the profits they have. If Facebook does not want to pay its taxes, then outlaw Facebook. Encourage alternatives that do co-operate and respect your society. In my opinion VAT should be minimal as it affects the poorest the most and tax systems should be progressive. The bigger the firm the more it should pay in tax as it obviously benefits the most from the market it is allowed access to. The opposite is what actually happens thus the poor pay a lot more tax proportionally than the rich do and that makes no sense from a moral or logical standpoint.

Which is the whole point of the thread and you should boycott Amazon.

If there was an alternative that paid their taxes properly I would take it. Otherwise I remain without books and I am a man of books.