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Do we need to compete
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Wed, 28/09/2011 - 10:49 |
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We have a pretty competitive headline rate of corporation tax (or will have, at 23 percent).
Is Ireland's 12.5% rate really sustainable in the longer term? I suspect the UK have a better idea - go for a competitive rate which is actually sustainable.
Sell 'em cheap, stack 'em high
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Thu, 29/09/2011 - 12:54 |
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Is Ireland's 12.5% rate really sustainable in the longer term? .
It is if they attract companies to relocate from all over europe. Internet companies of course are ideal for this.
I don't think it's a question of "getting away with it"
If rent and rates etc. are too high then business will go where it's cheapest - not rocket science.
The problem with our country is that the financial institutions, councils and government take so much that a lot of business don't make enough to expand and create, so we get stagnation.
John Major chose to control growth so that we didn't have boom and bust. This policy was continued and enforced by Gordon Brown. This country used to thrive on boom and bust as long as the bust wasn't artificial. Eventually if you control growth too much you get stagnation.