Current Affairs The General Election

[OnlyBlueWillDo]

View attachment 74147
Plz stop talking nonsense.

Corp Tax has absolutely nothing to do with growth in the economy, the Tories will tell you it does but it's bullshit, it's a profit tax, the rise in GDP is more to do with new industries created by the internet than anything else.

"Across a range of large and developed economies, the Internet exerts a strong influence on economic growth rates. Our research shows that the Internet accounts for, on average, 3.4 percent of GDP across the large economies that make up 70 percent of global GDP".

The great transformer : The impact of the Internet on economic growth and prosperity | Semantic Scholar

INTRODUCTION The Internet is changing the way we work, socialize, create and share information, and organize the flow of people, ideas, and things around the globe. Yet the magnitude of this transformation is still underappreciated. The Internet accounted for 21 percent of the GDP growth in...

pdfs.semanticscholar.org

The great transformer: The impact of the Internet on economic growth and prosperity

While large enterprises and national economies have reaped major benefits from this technological revolution, individual consumers and small, upstart entrepreneurs have been some of the greatest beneficiaries from the Internet's empowering influence.

www.mckinsey.com

Germany, France, Spain, Italy, many more European countries have much higher Corp Tax rates and they don't have companies leaving their countries, not investing, that's why their public services dump all over ours.

 

[Bruce Wayne]

There is nothing absurd about Labour wanting to make society fairer, the fact the Tories imposed austerity on the country and lowered Corp Tax to take out 30bn in public funding a year and gave it back to the companies to dish out in obscene bonuses to their top staff says it all.

While 760 homeless people died on the streets last year, and 1.6m foodbank parcels were given out, what are the Tories going to do about that, knack all.

If they hadn't cut Corp Tax, there was no need for austerity, make no mistake, austerity was a political decision.

Corporation tax revenues were £57bn last year, versus £43bn in 2010 and £31bn in 2009.

On bonuses, by the Commons researchers own findings, these haven't really changed much in the past fifteen years - https://publications.parliament.uk/pa/cm201719/cmselect/cmbeis/2018/2018.pdf

As you can see on page 6, they seem to be around the same level as base pay consistently. No huge leap as a result of corporation tax rates, as you seem to be suggesting.

 

[Bruce Wayne]

Corp Tax has absolutely nothing to do with growth in the economy, the Tories will tell you it does but it's bullshit, it's a profit tax, the rise in GDP is more to do with new industries created by the internet than anything else.

"Across a range of large and developed economies, the Internet exerts a strong influence on economic growth rates. Our research shows that the Internet accounts for, on average, 3.4 percent of GDP across the large economies that make up 70 percent of global GDP".

The great transformer : The impact of the Internet on economic growth and prosperity | Semantic Scholar

INTRODUCTION The Internet is changing the way we work, socialize, create and share information, and organize the flow of people, ideas, and things around the globe. Yet the magnitude of this transformation is still underappreciated. The Internet accounted for 21 percent of the GDP growth in...

pdfs.semanticscholar.org

The great transformer: The impact of the Internet on economic growth and prosperity

While large enterprises and national economies have reaped major benefits from this technological revolution, individual consumers and small, upstart entrepreneurs have been some of the greatest beneficiaries from the Internet's empowering influence.

www.mckinsey.com

Germany, France, Spain, Italy, many more European countries have much higher Corp Tax rates and they don't have companies leaving their countries, not investing, that's why their public services dump all over ours.

The chart @zzr45 showed has nothing to do with GDP, it shows the amount of revenue generated each year from corporation tax, and the figure is comfortably the highest its ever been, which seems to jar with your assertion that corporation tax rates have been gutted and executive bonuses raised as a result.

 

[OnlyBlueWillDo]

The chart @zzr45 showed has nothing to do with GDP, it shows the amount of revenue generated each year from corporation tax, and the figure is comfortably the highest its ever been, which seems to jar with your assertion that corporation tax rates have been gutted and executive bonuses raised as a result.

Ofcourse Corporation Tax revenue is directly related to increases in GDP, as it rises more product produced and sold creates more profit, to be taxed.

There was no need to reduce it to 19%, one of the lowest in the EU, there lies austerity, which is the point I was making, Tories looking after their donors again.

 

[evilwebby]

I have met Corbyn - he had the weakest handshake I've ever known a man to have.

Anyway, it wasn't just the right-wing media attacks on him, it was his own documentary he conducted with Vice (A very left-leaning content creator) that made me realise the man just did not have a clue how to lead. Moreover, he was in touch with the nation.

There is a reason why Tony Blair has been the only Labour leader to win a General Election in 50 years. It's because he wasn't extreme and didn't come across as an alien.

Regarding handshakes, it has long been a personal policy of mine to clench my palm deep in between my buttcheeks prior to interview (try to get that nice “bummy” aroma), then positively clench the opposing paw, smile politely and stare-war them straight in the eye, engaging in the small talk and NEVER be first to break the handshake.

Anyone man, woman or child who survives first contact thereafter has my respect.

 

[zzr45]

Corp Tax has absolutely nothing to do with growth in the economy, the Tories will tell you it does but it's bullshit, it's a profit tax, the rise in GDP is more to do with new industries created by the internet than anything else.

"Across a range of large and developed economies, the Internet exerts a strong influence on economic growth rates. Our research shows that the Internet accounts for, on average, 3.4 percent of GDP across the large economies that make up 70 percent of global GDP".

The great transformer : The impact of the Internet on economic growth and prosperity | Semantic Scholar

INTRODUCTION The Internet is changing the way we work, socialize, create and share information, and organize the flow of people, ideas, and things around the globe. Yet the magnitude of this transformation is still underappreciated. The Internet accounted for 21 percent of the GDP growth in...

pdfs.semanticscholar.org

The great transformer: The impact of the Internet on economic growth and prosperity

While large enterprises and national economies have reaped major benefits from this technological revolution, individual consumers and small, upstart entrepreneurs have been some of the greatest beneficiaries from the Internet's empowering influence.

www.mckinsey.com

Germany, France, Spain, Italy, many more European countries have much higher Corp Tax rates and they don't have companies leaving their countries, not investing, that's why their public services dump all over ours.

As Bruce has said, it's nothing to do with GDP, the taxation that has come in has been greater, even despite cuts. Whether this is because more new businesses have been encouraged to open due to lower business rates, existing businesses have been able to invest in themselves more or because there's less benefit to fiddling taxes, the fact is they have gone up. It ties in with a study that shows rate cuts work when the existing rate was quite high (which when the global average is 21% and ours was 28%).

The European makes it sound like we have ultra low rates. We really don't. They are within the same bracket as most other countries in Europe. Some pay lower, some pay higher. The likes of Spain, Portugal & Greece have higher rates but far more seasonal businesses. Even the Germany rate that's been quoted tends to be a 'perfect storm' that would see it pushed up.

 

[OnlyBlueWillDo]

As Bruce has said, it's nothing to do with GDP, the taxation that has come in has been greater, even despite cuts. Whether this is because more new businesses have been encouraged to open due to lower business rates, existing businesses have been able to invest in themselves more or because there's less benefit to fiddling taxes, the fact is they have gone up. It ties in with a study that shows rate cuts work when the existing rate was quite high (which when the global average is 21% and ours was 28%).

The European makes it sound like we have ultra low rates. We really don't. They are within the same bracket as most other countries in Europe. Some pay lower, some pay higher. The likes of Spain, Portugal & Greece have higher rates but far more seasonal businesses. Even the Germany rate that's been quoted tends to be a 'perfect storm' that would see it pushed up.

Boris Johnson himself said 2 weeks ago he was cancelling a further 2% cut to put 6bn more into public spending, so which way do you Tories want it, Boris just told us not cutting is good for the country.

Absolutely astonished at you two Tory boys saying GDP and it's growth does not have a direct influence on increases in Corp Tax revenue.

I'm out.

 

[Jebus_lives]

First steps towards a dictatorship. Friday Brexit bill ammendment will make any further extension of WA date illegal. No deal crash out now seems very likely.
ERG Still rule it would appear.

It's completely for show. He can just reverse it if he needs to.

 

[Jebus_lives]

I have met Corbyn - he had the weakest handshake I've ever known a man to have.

Anyway, it wasn't just the right-wing media attacks on him, it was his own documentary he conducted with Vice (A very left-leaning content creator) that made me realise the man just did not have a clue how to lead. Moreover, he was in touch with the nation.

There is a reason why Tony Blair has been the only Labour leader to win a General Election in 50 years. It's because he wasn't extreme and didn't come across as an alien.

I really thought this was going to be about his handshake.

 

[Jebus_lives]

That's what wins elections. It was the same with Blair, "Education, Education, Education", "Tough on Crime, Tough on the Causes of Crime"

Get Brexit Done
Leave means leave
Brexit means Brexit
Lock her up
Strong and stable

Labour clearly need a new 3 word slogan...

 

[zzr45]

Boris Johnson himself said 2 weeks ago he was cancelling a further 2% cut to put 6bn more into public spending, so which way do you Tories want it, Boris just told us not cutting is good for the country.

Absolutely astonished at you two Tory boys saying GDP and it's growth does not have a direct influence on increases in Corp Tax revenue.

I'm out.

Because small cuts don't carry the same weight as large cuts do. The small cut is unlikely to encourage any greater business start ups, nor create enough capital to encourage growth developing investment. This is, I'm lead to believe, something that has been explored heavily in economic academia for years. Cuts are essentially useless unless they are substantial.

Corporate Tax revenues will go up as the economy grows as you've said, which is rather confusing as apparently:

Corp Tax has absolutely nothing to do with growth in the economy, the Tories will tell you it does but it's bullshit.

There have been new businesses that have developed in this time, but again would people have actually gone out and started them if a high corporation tax dissuaded them from doing so? What would have been the effect on flat-lining wages if Corp. Tax had been pushed up?

It's a shame you're out as throwing 'Your a tory' at people when they question the logical gaps in your argument is the sign of a great mind.

 

[Jebus_lives]

Is racism purely based on skin tone?

Many people seem to think so.

 

[nsno-chris]

Get Brexit Done
Leave means leave
Brexit means Brexit
Lock her up
Strong and stable

Labour clearly need a new 3 word slogan...

I thought they did:

Look, free stuff

 

[Jebus_lives]

I thought they did:

Look, free stuff

If it had been the official slogan it might have worked.

That said, it needs to be far more ambiguous and vague so that it serves as something that relates to all, but open to individual interpretation while giving absolutely no detail.

I'm going for 'back to basics'

 

[Bruce Wayne]

If it had been the official slogan it might have worked.

That said, it needs to be far more ambiguous and vague so that it serves as something that relates to all, but open to individual interpretation while giving absolutely no detail.

I'm going for 'back to basics'

Make Workington Work