Massive investment in India by IBM

[benn0]

It's Benny Boy the mad socialist.

Hypocrite. You slam Mrs T. for restructuring the economy, and lost mining jobs, and yet you encourage IBM and others to move jobs overseas.

Ah but miners is authentic working class types. We're dirty filthy middle classes. Spit. Long live the proletariat.

The only hypocricy on this thread is coming from those people who covet the utopia of a totally market economy without state intervention, who then complain when IBM take their business to India when they are entirely free to do so.

And please don't put words in my mouth. I'm not encouraging it. I'm simply accepting the realities of the situation.

[DimPrawn]

Cyprus.

Tax rates 2006

£1 CYP = £1.2 GBP

Taxable Tax Cumulative
Income Rate (%) Tax Tax

0 - 10.000 0 0 0
10.001 - 15.000 20 1000 1000
15.001 - 20.000 25 1250 2250
20.001 and over 30

So my wife and myself can earn an income of £40K CYP running our business and pay £4.5K CYP tax between us, leaving £42,600 GBP in our pockets.

Corp tax is flat rate 10%

That's it.


Petrol costs about 50p litre. Council tax £100 yr. Water is about the same.

I like the people, the place, the climate and the low cost of living.

[John Galt]

The only hypocricy on this thread is coming from those people who covet the utopia of a totally market economy without state intervention, who then complain when IBM take their business to India when they are entirely free to do so.

And please don't put words in my mouth. I'm not encouraging it. I'm simply accepting the realities of the situation.

I think that most people here will accept that free-trade is something to be encouraged but only with a level playing field. Our Government seems happy for big corporations to outsource to India but backed the EEC during the Chinese bra and shoe wars which means that we can export our jobs but we can't import cheap products. I have no problem with outsourcing per se but I do think that the Government should be taking a close look at the problems that will be caused by the huge number of job losses in the UK

[DodgyAgent]

The only hypocricy on this thread is coming from those people who covet the utopia of a totally market economy without state intervention, who then complain when IBM take their business to India when they are entirely free to do so.

And please don't put words in my mouth. I'm not encouraging it. I'm simply accepting the realities of the situation.

Government intervention is essential. The problem with capitalism is that it deals only in cash. A government needs to ensure for example that corporations do not become monopolies and that essential needs such as healthcare, crime prevention, education housing food and energy are not left to the mercy of the market. Governments should not be delivering public services.
The dynamics of the market do however need to apply to the provision of essential services (I will stop calling them "public")i.e. responsibility, consumer choice and accountability. The job of government is to make sure that these services are delivered in as efficient way as possible-whether that be by creating a voucher system for buying essential services, whether it be privatising or nationalising everything it does not matter.
People like Benn0, Polly Toynbee, many Tories etc are caught in a time warp where public services despite their inefficiencies are sacrosanct. We need to get away from this dinosaur attitude that patronises the public sector and quietly accepts that taxation is a form of punishment and a means of sweeping societies ills under the welfare carpet.
Globalisation will make it more and more difficult for nation states to protect their wasteful tax and spend policies behind trade and labour protectionism.

[DodgyAgent]

I think that most people here will accept that free-trade is something to be encouraged but only with a level playing field. Our Government seems happy for big corporations to outsource to India but backed the EEC during the Chinese bra and shoe wars which means that we can export our jobs but we can't import cheap products. I have no problem with outsourcing per se but I do think that the Government should be taking a close look at the problems that will be caused by the huge number of job losses in the UK

Where Galty are all these job losses?. I bet that reason that most of you are so anti outsourcing is because you lot thrive (as do I) on a skills shortage.

[The Lone Gunman]

Where Galty are all these job losses?. I bet that reason that most of you are so anti outsourcing is because you lot thrive (as do I) on a skills shortage.

You see Dodgy, there you go again. So much sense and then you lose all credibility due to your blinkers.

Of course we thrive in a skills shortage, but it is not the skills that are going to be in short supply, its the work to use them on.
It may not be massive yet, but there is a growth in exported high tech jobs and if you want a previous example of the likely outcome then look at the British manufacturing base once we started importing cheap foreign steel and coal.

Jobs are going.

[DodgyAgent]

You see Dodgy, there you go again. So much sense and then you lose all credibility due to your blinkers.

Of course we thrive in a skills shortage, but it is not the skills that are going to be in short supply, its the work to use them on.
It may not be massive yet, but there is a growth in exported high tech jobs and if you want a previous example of the likely outcome then look at the British manufacturing base once we started importing cheap foreign steel and coal.

Jobs are going.

So what is the answer? The last thing we should be doing is intervening and protecting markets, where does it end? As I say doing what the French are doing in protecting their (few) jobs and their companies has the effect of making France uncompetitive and their businesses unattractive to investors. Such protectionism from foreign competition makes businesses lazy and creates monopolies. Fair enough, if companies are exploiting child labour (there again who are we to moralise when maybe the alternatives for these children are worse?) then customers will walk (and they do). And maybe there are cases for governments to restrain companies that pollute or exploit people.

People are remarkably resilient at adapting to change

[Fleetwood]

Cyprus.

Tax rates 2006

£1 CYP = £1.2 GBP

Did you know the Cyprus pound is the strongest currency in the world?

F in "It might come up on quiz night" mode

[threaded]

Well, it is more along the lines of change or fall by the wayside. People tend not to remember those who have fallen by the wayside.

[Fungus]

Where Galty are all these job losses?. I bet that reason that most of you are so anti outsourcing is because you lot thrive (as do I) on a skills shortage.

Scurrilous. But true.

There are job losses in that companies do not recruit, and outsource instead. The telcos I work for are stuffed to the gills with Indians (Kosher ones, not home grown).