If Corbyn gets in

[Waldorf]

Let me guess, you are a Labour voter who wants Andy burnham to come in and wreck the country.

Not at all, voted Tory all my life.

[AtW]

That's rubbish. Businesses don't take out all their profit each year, they invest it in R&D or whatever, or invest it, or keep it for liquidity in harder times. And of course, directors often take a salary rather than dividends.

Yes, and that brings another question - why is it business investment into R&D or whatever is not fully tax deductable, why my business has to pay corp tax on money used to purchase servers where as had we leased them then the expense would be fully tax deductable? Granted there is a fairly sizeable annual investment allowance (500k), but it's coming down to 200k from January.

I am talking about owners of business, not directors - Osborne's plan to tax dividends will make lots of firms to either shutdown now to claim ER or pay out all liquidity as dividends.

[Whorty]

Yes, and that brings another question - why is it business investment into R&D or whatever is not fully tax deductable, why my business has to pay corp tax on money used to purchase servers where as had we leased them then the expense would be fully tax deductable? Granted there is a fairly sizeable annual investment allowance (500k), but it's coming down to 200k from January.

I am talking about owners of business, not directors - Osborne's plan to tax dividends will make lots of firms to either shutdown now to claim ER or pay out all liquidity as dividends.

Surely you depreciate the cost of the asset over it's lifetime, and the depreciation is set against corp tax?

[AtW]

Surely you depreciate the cost of the asset over it's lifetime, and the depreciation is set against corp tax?

Yes, over 5+ years, but you pay tax now on "profit" which was used to buy essential business machinery. Tax should have been only paid if distribution was made to shareholders.

Of course big companies can move money offshore which would buy machinery and then lease it to the main firm which will have it all tax deductable and profit made by the leasing company offshore is not taxed.

[minestrone]

Yes, over 5+ years, but you pay tax now on "profit" which was used to buy essential business machinery. Tax should have been only paid if distribution was made to shareholders.

Of course big companies can move money offshore which would buy machinery and then lease it to the main firm which will have it all tax deductable and profit made by the leasing company offshore is not taxed.

I have an idea for you, why don't you take your tulipey servers elsewhere rather than batter on about how tulipey business is here. I'm sure the UK can survive without you.

[AtW]

I have an idea for you, why don't you take your tulipey servers elsewhere rather than batter on about how tulipey business is here. I'm sure the UK can survive without you.

Oh I am sorry, why won't you englighten me on how much better business environment has become in UK recently? Pretty please?

[minestrone]

Oh I am sorry, why won't you englighten me on how much better business environment has become in UK recently? Pretty please?

you don't have a clue what car I'm owning now.

[AtW]

you don't have a clue what car I'm owning now.

You can afford a car now?

That SNP dole is really as good as people say ...

[AtW]

you don't have a clue what car I'm owning now.

Ok, I call -

[minestrone]

You can afford a car now?

That SNP dole is really as good as people say ...

At least I'm not fingering the interns in the Nintendo room.