Crackdown on personal service companies could raise £400m in tax

[Zero Liability]

Tough on the deficit, tough on the causes of the deficit...

Yes, for some reason Gideon seems to be laser-focused on the tax bits, less so on the spending/borrowing bits, in that most of the cuts they propose are just reductions to overall growth rates in govt spending more than anything else.

[AtW]

Yes, for some reason Gideon seems to be laser-focused on the tax bits, less so on the spending/borrowing bits, in that most of the cuts they propose are just reductions to overall growth rates in govt spending more than anything else.

It's ironic but effectively the difference was that Labour would take on more debt and cut deficit longer thus resulting in lower taxes, but Cons massively increase the tax burden - next year I'll be paying around 30% more tax, that wasn't in their manifesto - pretty material change from my point of view.

I am particularly aggravated by the fact that supposedly financially prudent Tories are effectively forcing companies to pay out all money as dividends before Apr 2016 and avoid keeping cash reserve. Also it's an insult for Gideon to say - "we cut corp tax so now we take it back and more with dividends tax", ffs - what's the fooking point then? If I did not consider this country my home and wasn't as old as I am then I'd tell them to fook right off and go somewhere else - like Isle of Man for example!

[EternalOptimist]

It's ironic but effectively the difference was that Labour would take on more debt and cut deficit longer thus resulting in lower taxes, but Cons massively increase the tax burden - next year I'll be paying around 30% more tax, that wasn't in their manifesto - pretty material change from my point of view.

I agree, obviously.

but.. someone has to fill this massive fckng crater that bobble-eye brown has left us with.

the answer, imho, is to bite the bullet, suck it up, then make sure that economic illiterates and fantasists never get their hands on the levers again

[AtW]

but.. someone has to fill this massive fckng crater that bobble-eye brown has left us with.

1) Tories should have declared it during election - in fact it should be legal requirement for all parties to ONLY change taxes (other material things) that they have declared in their manifesto
2) Tories should have said at least something along those lines - increased taxes are for the duration of Parliament to make sure we reach objective of smoothing the effect of spending cuts at start of Parliament

[EternalOptimist]

1) Tories should have declared it during election - in fact it should be legal requirement for all parties to ONLY change taxes (other material things) that they have declared in their manifesto
2) Tories should have said at least something along those lines - increased taxes are for the duration of Parliament to make sure we reach objective of smoothing the effect of spending cuts at start of Parliament

someone is coming along to fix the wobbly wheel

don't blame him, blame the gobsh1te who busted the wagon. blame the pfi mong-piece-in-general

[Zero Liability]

1) Tories should have declared it during election - in fact it should be legal requirement for all parties to ONLY change taxes (other material things) that they have declared in their manifesto
2) Tories should have said at least something along those lines - increased taxes are for the duration of Parliament to make sure we reach objective of smoothing the effect of spending cuts at start of Parliament

Well given Gideon's background in marketing tax avoidance schemes in cheesy TV ads, I'd imagine he has significantly more affinity with glossy "I'll make you rich!" brochures than detailed economic plans.

[Waldorf]

Labour would not have done it because they would fear it would deter investors and others if the party isn't "pro-business". Cons don't give a fook because they are assumed to be pro-business party.

Labour would have put back 50% tax and used more funny money from BoE - they would be under a LOT less pressure to increase tax revenues because they did not set high target of cutting deficit in the first place. So yes, for majority of people on this board they would have been better than the current lot. Crazy though if you ask me going back to April, but that's how it is. Tory Scum are indeed scum.

Unbelievable, I always wondered who the idiots were who voted Labour, now I know! You are very deluded.

[PurpleGorilla]

Crackdown on personal service companies could raise £400m in tax

Companies like Astra Zenica paid ZERO corporation tax last year, despite a turnover of billions.

The solution is make sure big business pays its fair share.

[EternalOptimist]

Companies like Astra Zenica paid ZERO corporation tax last year, despite a turnover of billions.

The solution is make sure big business pays its fair share.

no one is arguing with you that is part of the solution

but while we struggle to implement the hard parts, lets crack on with the not so hard parts

[SlipTheJab]

Don't blame me. I voted UKIP.

I voted Lib Dem, In all fairness its a 2 horse race here and the other horse was Labour...