Osborne abandones proficit target

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Hobosapien replied

3 July 2016, 10:52
Originally posted by OwlHoot View Post

Sounds good, although it won't half increase their incentive to bolster and enforce IR35

It's all peanuts when you consider (according to wikipedia) they only receive around 40 billion a year via corp tax.

Just print it instead of chasing the small money. Then all those HMRC employees can be restructured into FTC burger flippers. Win win.

We'll pay it via VAT and the other taxes by spending it in the economy instead of giving directly to the government. They get it all in the end.
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OwlHoot replied

2 July 2016, 11:01
Originally posted by Hobosapien View Post

Zero corp tax for next two years sounds better than QE 250 billion, if it all comes down to increasing debt to support the economy one way or another during these uncertain times.

Sounds good, although it won't half increase their incentive to bolster and enforce IR35
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MrMarkyMark replied

2 July 2016, 08:24
Osborne aligning himself with May?
Still worked out for him, he can blame his failures on Brexit now
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Hobosapien replied

2 July 2016, 08:20
Caught a bit of Newsnight last night (I know, when other time would I have) and they had that Paul Mason fellow on (previously economic news editor I think) and he was on about how the government should reduce business taxes and take initiative down that road to encourage more business in the UK while it's at risk of fleeing abroad.

So sounds like there are others with a similar ideas of making the UK more attractive for business that are closer to government than we are.

Zero corp tax for next two years sounds better than QE 250 billion, if it all comes down to increasing debt to support the economy one way or another during these uncertain times.
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Mordac replied

1 July 2016, 22:09
Originally posted by AtW View Post

Osborne abandons 2020 budget surplus target - BBC News

He won't be reducing taxes though!!!

No he won't, because it's very likely he won't be in a position to do so in a month or two. He might be allowed to sit next to his mate Dave on the backbenches, but from then on it's "To Obscurity, and Beyond" (with apologies to Buzz Lightyear).
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AtW started a topic Osborne abandones proficit target

1 July 2016, 20:55
Osborne abandones proficit target

Osborne abandons 2020 budget surplus target - BBC News

He won't be reducing taxes though!!!
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