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[Merged]Brexit stuff
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Originally posted by AtW View PostWhat they are saying is that in the case of UK trying to do it they'll increase cost of exports to EU after Brexit.Always forgive your enemies; nothing annoys them so much.Comment
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Originally posted by vetran View Postso probably best if we make sure we aren't dependent on them!Comment
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Originally posted by AtW View PostWhat they are saying is that in the case of UK trying to do it they'll increase cost of exports to EU after Brexit.
That being said, I doubt they'll do much on CT. They've already got a plan to reduce CT to 17% by 2020, and I don't think they'll reverse that. Further reductions in CT don't really play well, politically. It's difficult to read Hammond and May at this point, though. Also, when we reach the AS, I suspect they won't be in a position as dire as the Grauniad might've hoped. Instead, I'd expect something on business rates in the AS. Even if they do reduce CT, as you say, they will claw that back through increased dividend tax or perhaps a more comprehensive approach to small businesses (e.g. look through), but probably not in the AS.Comment
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Originally posted by AtW View PostWhat they are saying is that in the case of UK trying to do it they'll increase cost of exports to EU after Brexit.Comment
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Originally posted by AtW View PostBy stopping all exports to EU?Always forgive your enemies; nothing annoys them so much.Comment
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Originally posted by vetran View Postno by arranging to export more o non EU countries and Buy from non EU countries.Comment
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Originally posted by jamesbrown View PostThat being said, I doubt they'll do much on CT. They've already got a plan to reduce CT to 17% by 2020, and I don't think they'll reverse that. Further reductions in CT don't really play well, politically. It's difficult to read Hammond and May at this point, though. Also, when we reach the AS, I suspect they won't be in a position as dire as the Grauniad might've hoped. Instead, I'd expect something on business rates in the AS. Even if they do reduce CT, as you say, they will claw that back through increased dividend tax or perhaps a more comprehensive approach to small businesses (e.g. look through), but probably not in the AS.
Hammond needs to cut Corp Tax big time, 15% next year and maybe 10% by 2020. Sadly scumbags will increase dividend tax to match it, so I don't hold my breath - they seem to be hell bent to make people change tax residency.Comment
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Originally posted by AtW View PostBusiness rates will be going up big time next year - re-evaluation AND also Osborne gave councils 100% of business rates with allowable annual increase much higher than council tax, Hammond won't change it because this allows Govt to save on council grants and shift some of business tax burnen to local authorities.
Hammond needs to cut Corp Tax big time, 15% next year and maybe 10% by 2020. Sadly scumbags will increase dividend tax to match it, so I don't hold my breath - they seem to be hell bent to make people change tax residency.Comment
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Originally posted by jamesbrown View PostWe'll see. I don't think May has a problem dissociating herself from Gideonomics. The Fail has been extra whiny about business rates in recent months, they're better directed towards small businesses that aren't perceived as being avoiding smegs, and reductions in CT, in particular, don't fit well with May's economy that works for everyone blah. Hammond is a fiscal hawk, so he'll probably want directed and proportional intervention, not a scatter-gun. Perhaps CT, if inward investment seems to have fallen off a cliff, but they already have a schedule of reductions and it's questionable whether CT makes much difference in the short-term, and non-Brexit means non-Brexit is working out pretty smoothly so far (the real test is when it actually happens, of course).
We'd be lucky if taxes don't increase even further, especially on dividends or CGT.Last edited by AtW; 22 August 2016, 18:49.Comment
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