The FT reports this morning that:
Britain has failed to regain its top slot in a league table of multinationals' favourite tax regimes in Europe, in spite of George Osborne's plans for further rate cuts.
The UK has closed the gap on first-placed Ireland, however, and has moved further ahead of other low-tax rivals, such as Luxembourg and Switzerland, a survey found.
The findings were hailed by the Treasury as “an important vote of confidence in the UK economy”. There would be further improvements set out in the “business tax roadmap” that would be released at the Budget, it added.
I could analyse the rest of the article and the KPMG report on which it is based. But frankly Jolyon Maugham has done such a good job of doing so might I direct you there instead?
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There is no doubt that we need more tax in the system plus fairer ways to collect it. We need politicians to stop making promises that they are not willing to fund but also start making it clear that you can no longer have excellent public services or pensions without paying for it.
They need to stop using lower tax as vote winner.
But what this FT article really tells us that the British people are being sold down the river for the cheapest cost.
The British people need to know that their children, their health and their country is being sold to the lowest bidder.
It’s a disgrace. We were once the workshop of the world selling high quality goods like Germany is doing now.
Now we hock ourselves off to millionaires looking for a low tax regime to store their money.
Reducing taxes for multinationals to come and invest in our public services for example!
We now officially do not have a National Health Service anymore – did anyone notice or agree to this in a referendum?
Two party politics is broken and as a result this country is being broken up and sold off to the highest bidder for the least tax in return.
http://www.independent.co.uk/voices/terrifyingly-according-to-the-world-health-organisation-definition-the-uk-no-longer-has-a-nhs-a6923126.html
Yet again Tory filibustering prevented the debate and vote for Caroline Lucas’s NHS Reinstatement Bill – what a pathetic antiquated mess the UK parliamentary procedures are!
Why even allow Private Members Bills when so many are a complete waste of time as a result of government dictatorial behaviour?
http://www.independent.co.uk/news/uk/politics/nhs-reinstatement-bill-tory-mps-filibuster-debate-by-talking-about-deporting-foreigners-for-hours-a6925781.html
This is a regular scandal my own efforts have been attacked with
Keith, PMBs continue because they are one of a range of measures that are central to maintaining the fiction that our “representative” form of democracy still functions. As such they are of the same ilk as select committees – whose reports, however good, are routinely ignored by government; and such checks and balances as the utterly useless sham that is the Advisory Committee on Business Appointments (ACOBA). They are all as worthless as Prime Minister’s Questions: which must be one of the greatest examples of fakery ever invented.