Off Topic General Election Special

I tried registering to vote in Lincoln, well within the deadline with my NI number and uni address, even got an email saying my polling card was going to get sent in the post, and when I emailed them again recently to ask where it was, they said they didn't process my application in time, even though I did it a week before the deadline. Should be noted that my local MP and council were under investigation for electoral fraud since 2015 to June 2017.

 

May wants us to live in a police state to catch terrorists better.

 

*Poundshop police state

 

Shouldn't have cut 20,000 of their jobs then...

 

Corporation tax doesn't target the rich though, the vast majority that it will impact are average earning business owners who employ other people on average wages. The rich all have holding companies in the Bahamas to owe 'debts' to in order to minimise their tax liability, whilst plenty of honest businesses will be forced to raise prices or lay off staff/cut hours to make ends meet. It will make it tougher for the honest businesses to compete with the corporate fat cats youcomplain about, handing them an even further advantage, and for the most part the British public will pay for it unless they decide to go the cheapest option and fund those corporate fat cats by doing their shopping in supermarkets, amazon etc.

Our companies already pay more into the state than businesses elsewhere in Europe due to our astronomical business rates. Labour want to raise both. It will tie both hands behind the backs of honest British businesses and will only be of benefit to the big multinational corporations. They will profit more from it than the state will.

It would be a far better solution to make a nominal increase to VAT, but the public who gobble up all this political bollocks wouldn't stand for that, there's no narrative to punish big evil tax evaders.

 

Agreed. Should have just cut 10000.

 

Or we could just implement a huge land value tax and tax the wealthy landowners to the bollocks. Can't put British land in off-shore accounts or relocate it.

 

Bang on the money is this.

I know for a stone cold fact that local small businesses will make staff redundant if Labour and their taxation policies get in.

 

No but you can 'vacate' a property whilst you're abroad and put **** all.

Tax evasion is an international problem, it can't be fought on the national stage. It needs a collective international approach.

 

I got into a heated debate with my in laws over the following question;

Can you be a multi millionaire businessman and be a socialist?

 

LVT isn't a property tax, it's a tax on unimproved land. Either they pay the tax or it gets confiscated and make communal. Simple as that. It's advocated by Nobel-prize winning economist Joseph Stiglitz.

 

so can you be a socialist and a capitalist?
thought they were 2 opposite ends of the spectrum.

 

That was my argument .

 

I would politely suggest you don't know how Corporation Tax works. It's not a tax on turnover.

 

No, a businessman, whether small, medium or large, is a capitalist. You can be wealthy and be a socialist, so long as you don't own any means of production but the definition of a capitalist is someone who owns the means of production.

 

It's a tax on profits, and I have no idea how you came to suggest it's based on turnover from my post.

 

I'm curious (honestly I'm trying not to be confrontational with everyone). Do you think the current situation is an alternative? The Tories don't seem to be offering any promises to improve anything so presumably it's just as you were if they get in again. Would more of the same be a good thing?

 

Large corporations mentality is that they provide enough revenue to the treasury via PAYE, NI and VAT and shouldn't therefore pay any corporation tax, thank you very much.

Little people have no choice and pay taxes, the wealthy and large corporations seem to have a voluntary tax liability - ie they pay nominal tax/CT almost
as a gesture of goodwill.

That's the way it is at the moment and good luck to anyone who has a go to try and change it.

 

That's an idea that's been suggested in the past. Revolutionary France, in the 1790's, springs to mind.