Tory Scum DOOM: British business

[AtW]

“Tax squeeze on British business leaves UK shareholders worse off than French

Fears that expected Autumn Statement tax rises will deter future investment

Jeremy Hunt’s business tax raid will leave UK shareholders worse off than the French as the chancellor squeezes corporate profits and investor returns to plug the £60bn hole in the public finances.

After dividend taxes and next year’s increase in corporation tax to 25pc, a smaller share of company pre-tax profits will make it into shareholders’ pockets than in any other Western country.

Analysis by Goldman Sachs suggests the Government will take around 55pc of “pre-tax distributed profits” when it pushes ahead with a large increase to the corporation tax rate. This is the total tax the government takes on company profits when including corporation tax and tax on money paid out to shareholders.

It will mark a large increase from 51pc currently levied and be higher than the same rate in the rest of the developed world, including France, Germany, Italy and the US.

The analysis - based on capital gains paid by a higher rate taxpayer - shows Britain will be the joint-highest in the G7 with Canada.”

https://www.telegraph.co.uk/business...-worse-french/

Party of business my arse…

[TestMangler]

“Tax squeeze on British business leaves UK shareholders worse off than French

Fears that expected Autumn Statement tax rises will deter future investment

Jeremy Hunt’s business tax raid will leave UK shareholders worse off than the French as the chancellor squeezes corporate profits and investor returns to plug the £60bn hole in the public finances.

After dividend taxes and next year’s increase in corporation tax to 25pc, a smaller share of company pre-tax profits will make it into shareholders’ pockets than in any other Western country.

Analysis by Goldman Sachs suggests the Government will take around 55pc of “pre-tax distributed profits” when it pushes ahead with a large increase to the corporation tax rate. This is the total tax the government takes on company profits when including corporation tax and tax on money paid out to shareholders.

It will mark a large increase from 51pc currently levied and be higher than the same rate in the rest of the developed world, including France, Germany, Italy and the US.

The analysis - based on capital gains paid by a higher rate taxpayer - shows Britain will be the joint-highest in the G7 with Canada.”

https://www.telegraph.co.uk/business...-worse-french/

Party of business my arse…

But Britain is doing so much better than all the countries in the eurozone, or so says vetran. We have lower inflation and higher growth and we are in clover while the eu goes bust. It must be true, cause i read it on this very forum.

[AtW]

Don’t forget usual suspect malvolio - “Labour would have increased taxes anyway”

Actually without Brexit even Labour’s taxation would have been at worst at about the current levels (25% corp tax included) before Thursday’ new tax increases

[vetran]

figures do confuse you thickies. Its understandable and it was in the slaver so must be true.

[dsc]

Where's the data that says inflation in the UK is lower than EU and that projected growth is higher than EU?

[darmstadt]

Sunak is understood to want to improve terms for the UK services sector via the India deal, however there are tensions within the UK government over the extent to which the UK should offer visa liberalisation.

Sunak proffered an olive branch on visas on Tuesday night by giving the green light to 3,000 two-year visas for Indian young professionals, a deal that was part of the original memorandum of understanding with India.

No 10 said the UK would agree to a bespoke, reciprocal route to give young professionals from the UK and India a once in a lifetime opportunity to take part in a professional and cultural exchange.

There you go, it will be reciprocal...

[AtW]

There you go, it will be reciprocal...

[PCTNN]

But Britain is doing so much better than all the countries in the eurozone, or so says vetran. We have lower inflation and higher growth and we are in clover while the eu goes bust. It must be true, cause i read it on this very forum.

Also our fish is happier because it's british

[WTFH]

Where's the data that says inflation in the UK is lower than EU and that projected growth is higher than EU?

UK inflation in October is 11.1%

EU inflation in October is10.7%

It's easy to see that UK inflation is smaller than EU inflation.

[vetran]

UK inflation in October is 11.1%

EU inflation in October is10.7%

It's easy to see that UK inflation is smaller than EU inflation.

https://www.euronews.com/next/2022/1...o-they-compare

More than half of the eurozone countries recorded double-digit inflation rates in October, including Germany (11.6 per cent), Belgium (13.1 per cent) and the Netherlands (16.8 per cent). France showed the lowest rate, at 7.1 per cent.

Italy saw the biggest monthly increase in prices, with inflation jumping from 9.4 per cent in September to 12.8 per cent in October.

yeah it looks much smaller.