Globalisation

[sasguru]

BTW excuse my ignorance but how much tax would be deducted from that salary , I assume India has a taxation on income,not all countries do this.

I would certainly be interested in living in India as a Prince on that salary, Ive been to Goa so far, nice beaches !

Afraid I don't know how much (if any) tax would be deducted. As I think tehre is no welfare state In India, I suppose not much. Could be wrong though ...

 

[sasguru]

"Globalisation may be unavoidable, but what impact will it have on our lives"

Yes, globalisation is 'inevitable' isn't it? Keep drumming it in Auntie Beeb and the inevitability of it becomes truth.

"In this flat world, it doesn't matter whether your accountant sits in Marlborough or Mumbai, and whether your customer care centre is based near Sausalito or Soweto.

Your factory's supply chain is fully integrated, and stretches from Shenzhen and Chennai to Central Europe.

It makes for lean, efficient companies. It drives down cost, improves profits and keeps inflation low."

As long as inflation is low it doesn't matter about mass unemployment?

"How can workers in the West hang on to their jobs?" was a much debated question.

Be flexible and don't specialise too much, said Jagdish Bhagwati of Columbia University."

Yes, don't master anything and remain thick. Knowledge is NOT power - flexibility is(!). My ar$e.

"Health and pensions systems should not be set up so that workers find it difficult to change employers, he added."

That's right, lets get rid of health and pensions systems altogether, then there will be nothing our flexible employees will find 'difficult'.

"It's wrong to tell people that going to university will guarantee them a job, says Adair Turner, the chairman of the UK's low pay and pensions commissions, because the technology sector simply won't offer that many jobs."

Education is devalued anyway so what's the difference?

""Everything that can be automated will be automated," he predicts."

WRONG - labour costs are so cheap it's more cost effective to import labour to do such tasks; this being the ultimate death of the modernist dream (automation and more leisure time).

OK at worst these global industrialists are ruining our lives. Quit whining and deal with it. And in this case Auntie is right: globalisation is inevitable. It was inevitable from when the first life form crawled out of the ooze.

 

[andy]

globalization means fire uk labour and hire in india,china.
make huge savings but dont pass these on to the customers.
pocket them or share with new labour

 

[ChimpMaster]

Obvious question time, any decent job boards specialising in requirements for UK IT people for India or China ?

Just go there and :-

In India, you'll be given a great job with a high salary due to your excellent British educational standard and English speaking ability.

In China, you'll be shot, run over by a tank, or thrown in jail for conspiring to overthrow the regime, oh and for speaking English.

 

[BobTheCrate]

Well replied Noddy.

What these thick 'new' socialists and the pro globalisation lobby don't realise is that for all the merits of it, the realisation will mean an end to free education, free health care and an end to all or most social services. Local councils can kiss the council tax good bye and the Treasury can expect barely half its existing revenues.

Because globalisation means the UK would not be able to compete on its current liabilities and maintain anything like the current public purse.

You pays y'money and takes y'choice. They/we can't have it both ways.

 

[AlfredJPruffock]

Fire in the West ... Move to the East
Fire in the East ... Move to the West

Chairman Mao

 

[sasguru]

Well replied Noddy.

What these thick 'new' socialists and the pro globalisation lobby don't realise is that for all the merits of it, the realisation will mean an end to free education, free health care and an end to all or most social services. Local councils can kiss the council tax good bye and the Treasury can expect barely half its existing revenues.

Because globalisation means the UK would not be able to compete on its current liabilities and maintain anything like the current public purse.

You pays y'money and takes y'choice. They/we can't have it both ways.

So what's your solution? Snap import tariffs on everything coming in, ban companies from using overseas labour, put the walls up?
What do you think the consequences of that will be? Abject poverty and probably the fastest decline of civilisation in history.

 

[Lucifer Box]

Afraid I don't know how much (if any) tax would be deducted. As I think tehre is no welfare state In India, I suppose not much. Could be wrong though ...

According to the Indian Inland Revenue website tax calculator, a salary of 7.8m rupees (approx 100k pounds) would attract tax of 2.5m rupees (including social, education and surcharge insurance, i.e. all in), so about 35%.

Given the cash you would realise from liquidating some assets here, that is plenty to live like a prince. Seriously, I would do it were it not for Mrs Lucifer and the imminent arrival of the anti-christ.

On your salary of 25k euros (approx 1.3m rupees) you would pay 0.4m rupees tax.

 

[ChimpMaster]

You'd have to adjust to life in what is still a 3rd world country. No, hold on a minute, we're already there aren't we?

 

[AlfredJPruffock]

According to the Indian Inland Revenue website tax calculator, a salary of 7.8m rupees (approx 100k pounds) would attract tax of 2.5m rupees (including social, education and surcharge insurance, i.e. all in), so about 35%.

Given the cash you would realise from liquidating some assets here, that is plenty to live like a prince. Seriously, I would do it were it not for Mrs Lucifer and the imminent arrival of the anti-christ.

On your salary of 25k euros (approx 1.3m rupees) you would pay 0.4m rupees tax.

Fab gear , were all off to India then ,summer of Love 2006 here we come !

Cool in a kafthan
Love and Peace Man