At the start of the G20 Summit, the Japanese government has taken the unprecedented step of warning of a series of corporate exits, "great turmoil" and harmful effects if Brexit leads to the loss of single market privileges. An official Japanese government task force on Brexit, has collated views of big Japanese companies from car companies to banks and pharmaceutical companies that invest in the UK. It has produced a 15-page list titled "Japan's message to the UK and the EU", detailing requirements from Brexit negotiations. It lists the consequences if the requirements are not delivered. Half of Japanese investment in the EU comes to the UK including companies such as Nissan, Honda, Mitsubishi, Nomura and Daiwa. http://news.sky.com/story/japans-unprecedented-warning-to-uk-over-brexit-10564585
**** 'em. USA said we would go back to the queue. We haven't, and we aren't going to. More scaremongering. After an early set back, which was expected, our economy has quickly recovered and is making progressive gains. We are doing alright and will continue to do so. Japan are just looking after themselves, but so must we.
Japan Last time I looked their debt was 230% of GDP They can't afford to stop dealing with anybody. It's like watching Anthony Joshua being threatened by Audley Harrison that if he doesn't agree to his terms he won't give him a fight.
What gets on my tits is the current non tax paying system that global companies like Apple, Starbuck's etc get away with through loopholes. If we can have global corporations then let's have a global tax agreement. Buck's in Austria pay less tax than a sausage stall owner. Apple pay next to no tax in Ireland but if it was wanged up then Irish would have to pass it to America so Apple would probably pull out of Ireland and the Paddies lose.
Here in lies the problem. Governments give big corporations massive tax breaks to bring their businesses to the respective country. By doing that they generate more jobs and reduce the unemployment rate and thus increase the amount of people paying taxes. This upswing in an increase in tax payers helps cover the loss of taxes from the big corporation and also reduces the cost of welfare claims. The problem arises in that especially from a UK and Canada perspective is that with increased immigration, these extra jobs are taken by migrant workers and therefore the government doesn't decrease the welfare debt. It's a viscous circle.
Certainly are. for about 13m but it is being driven by the EU and Apple are more or less saying that there is no point in having a HQ in Ireland and could pull out leading to job losses. Irish are so concerned that they are backing Apple's case. Daft part is if the tax is paid then EU have to spiit it with US government within tax agreements. No sense to you and I but somewhere in it all global trading will win.
Apparently North Korea launched three ballistic missiles from the East of Pyangyong as a warning of imminent war, to the leaders at the G20 summit in China. They landed about 40ft away from the launch site in the sea, as it happens.
It's POSSIBLE that the first set of negotiations, likely to be with Australia, will set the blueprint. And It could be made relatively simple. A simple agreement to, tariff free, trade. Paragraph two could cover the anti-dumping aspects. The US and EU have been trying for years to come up with an agreement, but have failed. I presume mostly on the agricultural subsidies question. No agreement is expected 'soon'. HOWEVER, The new President just might want to get some new agreements in place and from a political point of view, we could be the perfect place to start. The anti UK sentiments coming from junior German Politicians are interesting though. So far the gibberish they have been spouting has only effected themselves. It seems that the Corsa's sold in the UK are all made in Germany. The sudden drop in the value of Sterling has meant huge lay offs due to expected price increases. Wonder why some mischief making politician doesn't suggest they move the production to The UK
Had another look at the Apple Ireland situation and the tax bill is 13billion based on them paying at 0.05% over about twenty years on EU profits. The EU Fair Trade Commission issued the new tax bill and as one of them said "Anyone getting such a low tax bill should surely have queried its accuracy". If they end up paying it then it is offset against their US tax demand on profits so it has become a pretty hot political potato.
