Labour to oppose Conservative corporation tax rises

What stinks more is that the Tories allowed this because people who don't know better blame the local council rather than correctly pointing the finger at central government who have slashed local authority budgets by billions since 2010. Some councils receive about 40-50% of what they did in 2010.

The cowards don't want to take the responsibility of decimating councils.

Nailed it!
 
I think bear66 that Oliver Cromwell can take the blame for some things but not for this pandemic.
Starmer is absolutely hopeless. A complete fraud. Cannot believe that so many party members were stupid enough to vote for a Tory with a load of fake pledges, every one of which he's since gone back on. Labour is finished. We need a proper breakaway socialist party in this country.
 
What stinks more is that the Tories allowed this because people who don't know better blame the local council rather than correctly pointing the finger at central government who have slashed local authority budgets by billions since 2010. Some councils receive about 40-50% of what they did in 2010.

The cowards don't want to take the responsibility of decimating councils.

100%.
 
What stinks more is that the Tories allowed this because people who don't know better blame the local council rather than correctly pointing the finger at central government who have slashed local authority budgets by billions since 2010. Some councils receive about 40-50% of what they did in 2010.

The cowards don't want to take the responsibility of decimating councils.
Spot on.
 
Starmer is absolutely hopeless. A complete fraud. Cannot believe that so many party members were stupid enough to vote for a Tory with a load of fake pledges, every one of which he's since gone back on. Labour is finished. We need a proper breakaway socialist party in this country.
Try setting one up. the Socialist Party seems a good title. Build up a fund for the deposits.
 
but that will cost jobs as businesses need to shed workers to keep profitable.

How would it be possible for corporation tax to stop a company from being profitable?

If business owners really object so much to paying a few more % of corp tax maybe they'll create new jobs or spend on expansion to eat away at their profits.
 
Corporation tax is more of a hit to smaller businesses, not big businesses so this is good by Labour.

Big businesses can avoid corporation tax, by diverting funds left right and centre and also out of the UK, so whether big business is paying 19% of £0 or 25% of £0 it's irrelevant. Brexit played a big part in this, as it facilitates big business tax dodging, where as the EU wanted to try and prevent it.

The smaller companies cannot afford the infrastructure to do the tax-dodging/ diverting, as it's just not cost-effective when you're smaller.

Think of it like this:
You're putting up income tax on low earners, they can't claim back any extra, so they pay more tax
You're putting up income tax on high earners, so they claim back more tax, so they pay the same tax

I always think its funny when peoples reaction to tax avoidance is to want taxes lowered, rather than loopholes closed.

For companies like Amazon you could never go low enough to start voluntarily coughing up. They'll always look for a way to avoid so why not demand the gov toughen up.
 
Try setting one up. the Socialist Party seems a good title. Build up a fund for the deposits.

Always think this sort of things a naff argument. Bumface probably has a family and a career and responsibilities. Of course he probably won't just drop his life to start a party himself. So what? Has no bearing at all on his ability to observe whats going on and form an opinion.

How many of us on here slate Assombalonga every other week? Yet nobody would go on one of those threads saying well why don't you play up front for boro then?
 
Besides any of that, it's probably time for Labour to stop daring voters to find someone else to vote for, no? Scotland lost, the "red wall" lost, Wales on it's way now. When's that lesson going to be learned?
 
I always think its funny when peoples reaction to tax avoidance is to want taxes lowered, rather than loopholes closed.

For companies like Amazon you could never go low enough to start voluntarily coughing up. They'll always look for a way to avoid so why not demand the gov toughen up.
Yup, exactly, we don't need to change the rates, just enforce them on large companies so they can't wiggle out of them.

Tories don't want this of course, as their daddies and mates like the loopholes, and in return for the loopholes they give back brown envelopes and "speech fees".

Just make it like PAYE, ramp it up as companies get larger, then if big companies don't like it they can go elsewhere and we can have smaller ones, who pay their tax.
 
Yup, exactly, we don't need to change the rates, just enforce them on large companies so they can't wiggle out of them.

Tories don't want this of course, as their daddies and mates like the loopholes.

Just make it like PAYE, ramp it up as companies get larger, then if big companies don't like it they can go elsewhere and we can have smaller ones, who pay their tax.
...and on that note, the big companies and tories claim that these companies are wealth creators (trickle down economics) and that it will harm everyone to hold these big companies and billionaires to tax laws. I read a very good study a couple of weeks ago that proved what we all already know, it's bollox, trickle down economics does not and has never worked. The rich keep and invest that moneymaking themselves more rich and powerful, they don't trickle it down, the more they have, the more they take.
 
Always think this sort of things a naff argument. Bumface probably has a family and a career and responsibilities. Of course he probably won't just drop his life to start a party himself. So what? Has no bearing at all on his ability to observe whats going on and form an opinion.

How many of us on here slate Assombalonga every other week? Yet nobody would go on one of those threads saying well why don't you play up front for boro then?
I was being facetious, there has been many Socialist parties. None lasted.

Socialism is an easy theory but an impossible do. Unless you have things like the Cultural Revolution. As someone said on another thread we have had almost a century of Tory government, with a few breaks. How are you going to change from Tory to Socialist.

A few questions;

What do you do with freehold houses owned by an individual?

Do you nationalise farms?

Do you not repay the national debt?

After we get rid of the idea of Trident ( as we should) what do you put in its place?

What democratic process are you going to Put in place?

How do you get rich people to stay in the country?
 
Even with the proposed increase, it'd be one of the lowest in the G7. And you're right, it's only paid on profits so it couldn't stop a company being profitable. Fair play to @BoroMart though he's said the same himself now. (y)
It can't stop you being profitable, pre-tax, but it can stop you being profitable after tax. If you only make 5% pre-tax profit, the government take 20% of that or reduce profit to 4%. If they double it they would be taking 2% of your bottom line. So now, before any other taxes are paid you are down to 3% profit. If your profit is what allows you to live, you have just gone bust.

Additionally how do you grow and expand your business on smaller margins.
 
Country's gone mad. Tories looking to rebuild working class areas and Labour now supporting big business. How have we got to this point?
 
It can't stop you being profitable, pre-tax, but it can stop you being profitable after tax. If you only make 5% pre-tax profit, the government take 20% of that or reduce profit to 4%. If they double it they would be taking 2% of your bottom line. So now, before any other taxes are paid you are down to 3% profit. If your profit is what allows you to live, you have just gone bust.

Additionally how do you grow and expand your business on smaller margins.

Few points there Laughing: 1) you said it'd stop you being profitable after tax, and then described a situation where a company is still in profit albeit a smaller profit. 2) The government aren't talking about doubling corporation tax. We'll have to wait and see the budget but I think the suggestion is they'll increase it by 4 or 5%, up from 18%. 3) Any money a business spends on growing and expanding will mean they have less profit and can pay less corporation tax as a result, if that's their priority.
 
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