A fair tax

[AtW]

JPMorgan in Haggerston or Plaistow? Cant see it really

They'd move if this would have enabled them to legally without loopholes pay 0% income/corp tax.

[DimPrawn]

They'd move if this would have enabled them to legally without loopholes pay 0% income/corp tax.

You really are thick.

If a big city firm moved to a cheaper area, the value of the land they moved to would rise dramatically, and hence the tax would follow them.

Remember the value of the land depends on how it is used, and hence the taxable amount would change.

[AtW]

If a big city firm moved to a cheaper area, the value of the land they moved to would rise dramatically, and hence the tax would follow them.

It won't increase instantly idiot, how often revaluations happen for business rates purposes? Like once every 5 years or so. If you can save one billion in tax by moving every year to another building then they'd do it if they could.

"The UK’s financial services sector contributed an estimated £67.8bn to UK government taxes"

http://www.cityoflondon.gov.uk/Corpo...009/FS_tax.htm

Do you really think those guys won't move/spread employees IF they can save THAT much money? They'd move to Swindon if they could gain that much cash.

[DimPrawn]

It won't increase instantly idiot, how often revaluations happen for business rates purposes? Like once every 5 years or so.

If you can save one billion in tax by moving every year to another building then they'd do it if they could.

Land nearby would be just as expensive so they would have to move to Liverpool or Outer Hebrides.

If they did, fair play to them it would bring City like wealth out of London.

[AtW]

Land nearby would be just as expensive so they would have to move to Liverpool or Outer Hebrides. If they did, fair play to them it would bring City like wealth out of London.

Retard - have you ever paid business rates? Reevaluations are not instant - it would take at least until next year to revalue rent if some city firm moves in, probably 5 years in which case they'll save many billions.

I mean FFS, if they could double salaries of employees by having 0% income tax so long as job done in Swindon then they would - and you'd be the first to go back to where you belong.