Reply to: Miliband pledges corporate tax avoidance crackdown

[AtW]

That will be interesting. Without international agreement they'll just carry on as before.

If they can't trade in UK then they'd lose lots of profits.

That's how the choice should be put to them - lose 100% of the key market, or pay current rate of corp tax in UK.

[Doggy Styles]

I think he does - let the Tories sort the mess and avoid getting elected until they do.

True.

[vetran]

Milliband doesn't have a plan.

I think he does - let the Tories sort the mess and avoid getting elected until they do.

[Doggy Styles]

I assume rules can still be placed on activities in the UK, if they can get away with a levee on banks...

Maybe Milliband is in favour of leaving the EU so we can have more control over such things?

Milliband doesn't have a plan.

[d000hg]

"Labour leader Ed Miliband says he will write new rules to tackle corporate tax avoidance if he wins the next election, even without international agreement."

That will be interesting. Without international agreement they'll just carry on as before.

I assume rules can still be placed on activities in the UK, if they can get away with a levee on banks...

Maybe Milliband is in favour of leaving the EU so we can have more control over such things?

[Old Hack]

This is just rubbish. Without every country agreeing to harmonise their corp tax rate this won't work as there will always be a nation or other offering deals, on the basis that its better to get a smaller percentage of a lot of cash as opposed to 100% of fucall.

I think the key thing to do here, if we can't get agreement from our G8/G20 palls, is to drop our corp tax rate to 10% and see those coffers fill mighty quick. I am sure Holland and Ireland will be mighty pissed with us, but hey, the way it's looking, we shouldn't really care....

[BoredBloke]

This is just rubbish. Without every country agreeing to harmonise their corp tax rate this won't work as there will always be a nation or other offering deals, on the basis that its better to get a smaller percentage of a lot of cash as opposed to 100% of fucall.

[The Spartan]

Milliband can promise what he likes, on the remote chance he gets in it will be a re run of Bliar.

Pander to unions.
Stuff welfare state with dependent votes.
Import more voters.
borrow to the point where our rating is so low we can't borrow a hankie.


Unfortunately CMD isn't doing much better.

Very true but I'm well chuffed he cut the number of Civil Serpents

[vetran]

Milliband can promise what he likes, on the remote chance he gets in it will be a re run of Bliar.

Pander to unions.
Stuff welfare state with dependent votes.
Import more voters.
borrow to the point where our rating is so low we can't borrow a hankie.


Unfortunately CMD isn't doing much better.

[The Spartan]

The usual rhetoric that people like to hear, all to be populist. They're all snakes all that differs is the colours they come in

[Doggy Styles]

"Labour leader Ed Miliband says he will write new rules to tackle corporate tax avoidance if he wins the next election, even without international agreement."

That will be interesting. Without international agreement they'll just carry on as before.

Mr Miliband told the Observer the government had "got to act" on the "massive" issue.

What, like trying to secure an international agreement at the G8 summit? Or has Ed got something else in mind?

[d000hg]

Not a diddly squat.

At least he has a realistic view of his ability to make changes then.

[barrydidit]

How is the Cayman Islands a tax haven when it's a British overseas territory?

UK gvt is responsible for foreign policy and defence (AFAIK), outside of that they make their own rules. Same applies to Jersey, Guernsey and whatever the other overseas territories are.

Interesting point on the radio this morning relating to this. The interviewed guy (dunno who but this being General lets not worry about that) made the point that it would cost a lot of money to run these places if they weren't self financing through their tax haven status. UK gvt would be on the spike for that cost if they forced changes that reduced that tax take.

[xoggoth]

How is the Cayman Islands a tax haven when it's a British overseas territory?

[KentPhilip]

If companies have to pay tax, isn't it right that they should have votes in UK elections?
Corporate votes, if you like.