Reply to: comrade Brown predicts speedy recovery

[Cameron Wallace]

comrade brown. Quality.
This is the same peanut that sold all of the UK's gold reserve's at the bottom of the market.

[Platypus]

My concern is that Gordo says "recovery starting" and the spin machine goes into overdrive, taking with it papers like the Mirror, perhaps even the Sun.

Before you know we have "recovery" because that's what the papers are saying, then Gordo calls a snap election and .... oh god

[Doggy Styles]

Did he say anything about tractor quotas?

[Cyberman]

Define 'a day'. Now ask a tax lawyer to define 'a day'.

A couple of years ago a day did not include travel days to and from the UK. Gordon Brown changed this rule, so it is even more difficult to fulfill the 186 day rule nowadays.

[Mich the Tester]

That doesn't make sense. If you are spending more than six months in the UK, you are resident for tax purposes according to my understanding, so if these people are spending just 4 days a week in the UK that is still 208 days. The limit is 186 days.

Define 'a day'. Now ask a tax lawyer to define 'a day'.

[Cyberman]

Another big tax haven is Britain, where the owners of businesses in London are not taxed as long as they don’t have resident status; that’s why many of the super rich spend the week in London and fly back to Monaco or Liechtenstein at weekends.

That doesn't make sense. If you are spending more than six months in the UK, you are resident for tax purposes according to my understanding, so if these people are spending just 4 days a week in the UK that is still 208 days. The limit is 186 days.

[ace00]

I think he meant April 1st.

[Mich the Tester]

Is there a concrete case with evidence to show that tax havens and the economic mess are connected?

No. Perhaps the biggest corporate tax haven in Europe is the Netherlands, which charges no corporation tax on profits earned outside the country; that’s why many multinationals and rock groups including U2 have their head offices here. Another big tax haven is Britain, where the owners of businesses in London are not taxed as long as they don’t have resident status; that’s why many of the super rich spend the week in London and fly back to Monaco or Liechtenstein at weekends. Other than those two, Ireland, Cyprus and Lithuania are all EU members with very low corporate taxes.

The tax havens he may be talking about are the likes of the Channel Islands, which belong to Her Majesty who can and will do what she likes with them, and a few tropical places like Bermuda which are British and provide financial services which bring revenues to British companies who ultimately pay tax in Britain.

To cut a long story short, he’s talking out of his anus again.

[ratewhore]

Couple of things caught my eye in that report. Firstly;

That is why I have been pressing so hard that some of the measures we have adopted in Britain we can persuade other countries to adopt.

I've already said on these boards that, if the other countries do not do what GB has done, he will use that as the reason for failure, not his own ineptitude.

Secondly;

Mr Brown also outlined how the world should begin to cut down on the number of tax havens.

Is there a concrete case with evidence to show that tax havens and the economic mess are connected?

The blokes a failure and refuses to acknowledge it...

[Mich the Tester]

Nice to see that he’s precise enough to predict an economic recovery starting Thursday 2nd April. Now if only he’d tell us whether that’s morning, afternoon or evening I could hibernate for a while knowing precisely what time to set my alarm clock.

[the_duderama]

Are we sure he doesn't mean April 2011?

[Mich the Tester]

This is bad news whichever way you look at it. He’s unlikely to be right, but if he is then he’ll be able to tell the Labour voting numpties that he’s saved the world, call a quick election and get back into power. Of course he’s probably wrong and the economy will remain a bleeding mess for some time to come.

[chef]

comrade brown said so, it must be true

[Cyberman]

It takes months for lower interest rates to have any effect, and the banks are still not lending much and still in fear of nationalisation. It's going to be another year at least before any noticeable improvement. No way is any recovery starting in April !!

[PM-Junkie]

The sad thing is that he thinks people still fall for this rubbish. It is time for him to seek medical help I think.