shmmeee
Well-Known Member
Thats the probelms with it. Large companies just keep reinvesting for no other reason than to avoid tax and governments need to stop it.
Dividends are taxed now so there's hardly any difference between taking dividends and paying corp tax as opposed to paying a higher salary. Hiking up corp tax will have a negative effect all round except for Labours hard left union backers who'll love it.
Appreciate it may have changed. I found the tax system far too lenient once it treated me as a small business rather than a worker.
26% is lower than France (31%) Germany (29%) and until recently the States at 35%, though it’s now dropped to 21% under Trump and as BSB has said had lead to a massive drop in receipts.
Id support measure to ensure small business owners see no drop in their personal income if below a certain amount. The entire point of Labours intended economic model is to keep the majority’s income high enough to be active participants in as much of the economy as possible. No one on an average income should be seeing any drop and if they do they’ve made a mistake that needs rectifying.
Id hope that a thriving, educated working class would mean a much better environment for you to hire and sell whatever it is you want. It should be win win for everyone. Look at when this city had well paying jobs for working people, the Sky didn’t fall in, we had a thriving music and club scene and a well supported football team because people had money in their pocket. Local business thrived because large multinationals weren’t sucking cash out of the local economy ahead of small business that keeps it in the area. That’s the goal (and corporation tax was above 30%
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