Dominoes - Pay a little more

[Mich the Tester]

Then at least the big multinationals would pay some tax.

NOOOOOOO!!!!!

While your suggestion may be well meaning, take a look at the spending record of governments since 1900 and you'll see that for every 100 quid/euro/groats they're given, they spend between 102 and 105 and leave you and me with a debt. You've got to be completely off your head if you want anybody to give them billions more.


I am opposed to making multinationals pay any more tax at all. In fact I'm opposed to making anybody pay more tax. However I agree that some of the wages are too low and effectively companies are being subsidised by the welfare state.

[vetran]

NOOOOOOO!!!!!

While your suggestion may be well meaning, take a look at the spending record of governments since 1900 and you'll see that for every 100 quid/euro/groats they're given, they spend between 102 and 105 and leave you and me with a debt. You've got to be completely off your head if you want anybody to give them billions more.


I am opposed to making multinationals pay any more tax at all. In fact I'm opposed to making anybody pay more tax. However I agree that ome of the wages are too low and effectively companies are being subsidised by the welfare state.

We are approaching a point where tax take will fall because every company is globalising their tax affairs. We are unlikely to win that battle as you pointed out we have a high cost base. So forcing them to pay tax on wages & realise we will see less tax on UK profits is the only way we can vaguely keep our tax take up.

The government needs to cut spending but soon they will be spending £105 on £50 of tax take.

[Peoplesoft bloke]

They are generally confused, as is the minister in question.

If the firm were that profitable, why isn't its share price soaring?

Earnings per share forecast to rise by 20pc. Pre-tax profits forecast £48:5 million.

[AtW]

The government needs to cut spending but soon they will be spending £105 on £50 of tax take.

Or they can just do the QE thingy.

[Mich the Tester]

We are approaching a point where tax take will fall because every company is globalising their tax affairs. We are unlikely to win that battle as you pointed out we have a high cost base. So forcing them to pay tax on wages & realise we will see less tax on UK profits is the only way we can vaguely keep our tax take up.

The government needs to cut spending but soon they will be spending £105 on £50 of tax take.

Yes, you have a point; what I really object to is that people constantly demand that the multinationals pay more tax without stopping to think for a moment that any money they don't pay out in dividends is money that doesn't go into our pension pots, seeing as multinationals are owned for a large part by pension companies, either directly or indirectly via investment funds. Some folks seem to think there's a big pot of gold at the end of the rainbow if only we can get the big companies to pay more tax. There isn't; it's still just shifting money from private to public and then subjecting it to all the profligacy of politicians.

[vetran]

Or they can just do the QE thingy.

yeah that will end well

Hyperinflation and Weimar Germany

[MicrosoftBob]

yeah that will end well

Hyperinflation and Weimar Germany

Cameron probably thinks Poland is where the tellytubbies come from, it's not going to happen

[SpontaneousOrder]

Or you get a massive crime wave as people go on the rampage nicking food and other essentials like expensive tellies from wealthier people. Go and have a look at countries that have to social security system and ask some people in your income bracket how much it costs to pay for private security and walled neighbourhoods. I think you'll find that paying something for social security is cheaper.

no - they would just get a job instead. And when you remove minimum wage there will be plenty of jobs, and the economy, left free enough to do so, would boom. Overall productivity is MUCH higher (especially when you consider the fact that most people starting on the low end of the pay scale will move up it in time, whereas layabout benefit receivers, or those genuinely priced out of the market by minimum wages enforced by government violence, are much less likely to progress very far), prices fall, tax revenue by volume increases, so individual tax rates fall.

And if the survival of the poorest is really a concern, then removing VAT (more government meddling breaking the economy) would be a good place to start. Of all the taxes, VAT 'unfairly' affects the poorest the most. Currently we are ruining quality of life of the poorest with VAT, and then we 'help' them with minimum wage laws which price half of them out of the market, and and shrink the market such that the other half are fighting for too few jobs.

[DodgyAgent]

BBC News - Pay better wages, minister tells Domino's Pizza boss

1000 vacancies but he cannot fill them unless the government opens the borders. Exactly the point, just because you want to pay pennies doesn't mean there's a shortage in skills.

Boycott Dominos I say!

If the price of Pizzas rose to pay more for the staff would that mean you would eat less of them?

[Platypus]

2) These mim wage jobs are actually for the low/no skilled/students etc the idea is you worked hard at school/college etc and got some skills which enabled you to earn more the minimum wage - if all you did at school was su<k dicks in exchange for cigarettes then you know maybe you need to go back to using the one skill you did learn at school to make a living.

The trouble is that almost EVERYTHING pays min wage nowadays. I believe that while it has pulled those at the bottom up, it has also pulled those who might once have earned more than min wage down.

In an article in the Times at the weekend, it was said that there are more and more middle-aged workers relying on "burger flipping" jobs, whereas that used to be the realm of the student trying to earn some beer money. i.e. these new minimum wagers are trying to feed their families on this.