Member Since: 23rd Jul 2013
8th Jul 2016
A cut in corporation tax is exactly the sort of thing that will attract new business to the country. Those businesses will employ people who will pay income tax, National Insurance and VAT when they consume.
Those looking at the future tariffs that may be imposed on UK access to the single market, (Which on a trade weighted average are just 1%) may we'll be persuaded to stay by a corporation tax differential.
indeed the correct view, 2011/12 All UK tax collected -CT= 7% & PAYE/NI = 71% get companies to employ more
25th Jan 2016
lol if cayman then point him to bbc documentary below
3rd Jun 2015
cut and paste the entire line to get at the original document they put up.
love hmrc's last sentence at the bottom of that page.
3rd Jun 2015
not a truer word said
love the responses from certain individuals, its nice to see a debate going on.
24th Nov 2014
morals u say
mmmm HMRC, 650 tax offices, Maperley Steps Ltd, Bermuda. enough said
1st May 2014
this is about trust law and not tax law.
trusts are not DOTAS schemes.
you cannot on a whim change trust law like with tax law it would take years/decades if at all, and then it would have far more implications on our society than most of you know, it is ingrained in everything.
also any changes made to trust law you can retrospectively backdate them 100 years to compensate for any changes made.
I am not a fan of little Bernie but he stayed within the law and paid what was due and I know most of that he saved would have been invested into businesses that employ people.
TABLOID NEWS MAKING AT ITS BEST YET AGAIN!
22nd Jan 2014
Those figures are not mine but ONS and HMRC, These figures can be found in the public domain.
17th Jan 2014
and here's me thinking that its the millionaires/wealth creators that keep this country running by employing the workers.
Taken from HMRC 2012:
The value of 1 employed worker of the lifetime employment (20-65) = £1.83mil
Now lets take 1 company (Arcadia Group Ltd) Total employed = 47,000
Now the value to HMRC = GAZILLIONS (My calculator does not have enough digits)
I am surprised that HMRC did not offer him that he can be exempt from Tax FOREVER. In fact I think they should even give him a knighthood OH! they did in 2006.
It should be HMRC's job to keep these wealth creators happy. (dont chop off the hand that feeds)
Any money that they keep, will in turn be used to employ more workers (Theres only so many Yachts, houses, & cars that you can buy) so keeps the circle of life turning :)
HOWEVER, there is a footnote to the above I understand that all the taxes from all the employed in the UK only amounts to 12% of the total tax generated so really only a drop in the ocean, so does it really matter if a few are allowed to use the law to pay only the amount that is owed. REALLY!!