5 thoughts on “Tax policy after Brexit”

  1. Posted 28/06/2016 at 16:57 | Permalink

    Pissing off the EU, the financial markets, encouraged a wave of racism and xenophobia… well, this is really brilliant. But now, because there’s a leadership void he can get away with this, right? And I suppose the Queen is irrelevant, right?

  2. Posted 29/06/2016 at 16:27 | Permalink

    Tax ‘competition’ does wonders for tax advisers, and for multinationals. However, it stifles genuine competition in markets, because it is predicated on the notion that you have to shower goodies on (nearly always large) mobile firms for fear that they’ll run away. So it favours the big over the small. These multinationals which benefit from ‘competitive’ tax policies compete directly against smaller players, killling them in markets on a factor (tax) that has nothing to do with genuine productive efficiency: but instead on being able better to effect transfers from the state. What is more, in an era when corporations are awash with cash and not investing, showering them with further tax subsidies is equivalent to pushing on a string: the key is to get them investing again. The key to that is to boost demand in the economy. And the key to that is consumer spending and government spending. One key to that is higher corporate tax receipts. So I’m afraid that your ‘tax competition’ argument is wholly bogus. The policies you advocate reduce economic growth, and boost inequality.
    read more here
    http://www.taxjustice.net/2015/03/18/new-report-ten-reasons-to-defend-the-corporate-income-tax/

  3. Posted 29/06/2016 at 16:44 | Permalink

    Why not cut taxes to +well+ below the EU average and hoover up a good deal of the investment that would have previously gone to EU countries?

    No VAT and 10% flat income tax anyone?

  4. Posted 30/06/2016 at 07:58 | Permalink

    Why not mention of Council Tax? It is by far the most efficient tax in the UK. The only problem being it is horribly regressive. We could kill a few birds with one stone by raising and flattening out CT, then reducing/scrapping as many other taxes as possible. Poor Widows in Mansions can be offered roll up and deferment, which would be become like an Inheritance Tax, only avoidable by choosing to pay the full CT or downsizing. Not only would this be a boon for our economy, it would also reduce inequality and sort out the housing market and affordability issues instantly.

  5. Posted 30/06/2016 at 10:41 | Permalink

    Nick, you may have a point when looking at things like Gordon Brown’s Research & Development Tax Credits, which probably do give an advantage to larger businesses. But general lower taxes for the UK will benefit all businesses across the board.

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