Current Affairs The General Election

[davmaher]

I've lived in Germany since 2005, and have been running business since 2009. There's a very complex tax system (I do my own taxes) which isn't directly comparable with UK, however corporation tax can broadly be compared with Körperschaftsteuer, of which the percentage is 15% (plus 5.5% on that 15% amount solidarity-tax). This is for larger businesses (corporations). I only have a small modest thing going, so I pay a business-tax called Gewerbesteuer, but only if I hit a certain amount of profit (which I rarely do). However corporations also have to pay this Gewerbesteuer, and if they post mighty profits, this could run the total tax-due percentage (including the Körperschaftsteuer) to around 30% maximum.


Gewerbesteuer could be translated as commercial tax, or trade tax. Or simply business tax. is there such a thing? I'm not familiar with the UK tax system...

Corporation tax is paid solely on profit so might be more in line with the Gewerbesteuer you mentioned if that is profit based also.

 

[Catfish Blues]

But it’s demonstrably happened that the actual tax income coming in increased, as did the percentage it represented as GDP. Painting the corporate tax cut as completely wrong seems contextually devoid.

It's not easy to work out what the split would be, but, crudely put, the increase in corporation tax income was down to a combination of the relaxation of the rate encouraging companies to do more, and a natural increase in profitability associated with coming out of a pretty horrible recession.

I don't have the exact figures to hand, but, from memory, I think about 80% of the increased tax rate was purely down to the country ( and the world for that matter ) coming out of recession ?

 

[dholliday]

Corporation tax is paid solely on profit so might be more in line with the Gewerbesteuer you mentioned if that is profit based also.

Körperschaftsteuer is also from profit, but it's for limited companies (corporations) and the taxes go to the Bund (national-level tax collection) while the Gewerbesteuer is for all companies and goes to the Gemeinde (regional tax office).

Do UK limited companies only have the one type of profit-level tax?

 

[carlos21]

Körperschaftsteuer is also from profit, but it's for limited companies (corporations) and the taxes go to the Bund (national-level tax collection) while the Gewerbesteuer is for all companies and goes to the Gemeinde (regional tax office).

Do UK limited companies only have the one type of profit-level tax?

Well I have not vote.

 

[dholliday]

Well I have not vote.

me neither lol

 

[carlos21]

me neither lol

It is a load of rubbish.

 

[dholliday]

It is a load of rubbish.

well, that's tax for ya

 

[carlos21]

well, that's tax for ya

Good mate.

 

[monty]

what would that be specifically?

Higher rates for the wealthy on earnings and bonus payments without exposure to extraneous reliefs aimed at reducing liability

 

[dholliday]

Higher rates for the wealthy on earnings and bonus payments without exposure to extraneous reliefs aimed at reducing liability

Depends how high tho'. Can you give some numbers so we can orientate ourselves? Anything over 50% for those earning 7-figure incomes could have unwanted side-effects like losing industry. Bonuses are the same as earnings, tax-wise...or are you suggesting bonuses be taxed separately to regular income?

 

[davek]

Corbyn's only part of the problem, Brexit's more of a problem than he is this time round.

On the assumption that we don't form a government this time round, I think a combination of a much reduced Brexit effect, a leader who isn't considered a liability by enough people that make a difference and some policy tweaking here and there ( mostly on priorities ), would make us very electable.

Or, we can sit around in a circle and agree on how terrible the media is and it's all unfair, when, in reality, it's always been like that so we need to stop whinging about the injustice of the situation.

The media play a huge and biased part in this. There's nothing wrong with hammering that home.

 

[Khalekan]

Whoever is chosen, if they're from the left they'll be presented to the world by the media as a dangerous anti-semitic anarchist. They just wont allow the left to be seen as credible. If you think its Corbyn's fault and it just needs better presentation, you're wrong.

Correct, Dave.

And they won’t just confine the character assassination to the left wing of our party.

Ed Milliband was of the Jewish faith himself so the “anti-semetic” smear was redundant for Daily Mail headline writers.

Thus the era of “Red Ed” began and they painted him as a rampant Communist.

If anyone thinks all our image problems will go away if that nice Angela Rayner or the straight talking Jess Philips or that ever so urbane Hilary Benn becomes leader they need to think again.

No matter who we appoint as leader, the right wing press will do a hatchet job on them.

 

[davek]

Correct, Dave.

And they won’t just confine the character assassination to the left wing of our party.

Ed Milliband was of the Jewish faith himself so the “anti-semetic” smear was redundant for Daily Mail headline writers.

Thus the era of “Red Ed” began and they painted him as a rampant Communist.

If anyone thinks all our image problems will go away if that nice Angela Rayner or the straight talking Jess Philips or that ever so urbane Hilary Benn becomes leader they need to think again.

No matter who we appoint as leader, the right wing press will do a hatchet job on them.

The LP needs to start worrying more about clarity of message and choosing the right issues to campaign on. It was a no brainer for anyone on the left that you cant go and ignore the referendum result and ask for another. The leadership knew that but were too scared to have that fight with the PLP.

The party needs to sweep out the remnants of the Blairites and become a unified force fighting on socialist politics. A defeat will have all the Blairites and media screaming the LP drift to the left has been disastrous. But the opposite is the case: it hasn't routed the centre right enough.

If they are in oppostion again by Friday, Long-Bailey as leader plus a mass scale deselection programme (aided by defeated right wing MPs) will put the LP in a better position to fight the Tories and the coming turn toward barbarism.

 

[Pudsey]

Like Boris?

He is way off the mark too.

 

[dholliday]

Like Boris?

@summerisle @davek @[Deleted Member]