Wednesday 26th September 2018
Posted: Wed 26 Sep, 2018 7:44 am
Morning all.
Correct - and there's no evidence that it boosts tax receipts either. Correlation ain't causation!Simon Tilford
@SimonTilford
3h3 hours ago
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No evidence that cuts in UK corporate rates have boosted investment. And reducing them to the 'lowest in the G20' will leave government with less money to spend on the public goods - education, health care, infrastructure etc - that firms rely on.
Did you see the tweet saying Panasonic are moving their HQ to Europe, partly because of Brexit, but mainly because Japan is treating/going to treat any country with CT rates below 20% as a tax haven? When I come across it again I'll post it here.RogerOThornhill wrote:Morning all.
Quiet start here! Just come back from taking Y5 swimming...
Correct - and there's no evidence that it boosts tax receipts either. Correlation ain't causation!Simon Tilford
@SimonTilford
3h3 hours ago
More
No evidence that cuts in UK corporate rates have boosted investment. And reducing them to the 'lowest in the G20' will leave government with less money to spend on the public goods - education, health care, infrastructure etc - that firms rely on.
Brexit or no Brexit, the tax regime in the U.K. is potentially problematic for Japanese companies, after Japan announced an overhaul of its controlled foreign company (“CFC”) rules in 2017.
CFC rules are widely used by jurisdictions around the world to prevent the artificial deferral of corporate tax by using entities established in low tax jurisdictions.
Without CFC rules, Company A, incorporated in a high tax jurisdiction, could establish a subsidiary, Company B, in a low tax jurisdiction and shelter profits from tax. CFC rules dissuade this type of activity by attributing the income of the low tax subsidiary to the parent company on a current basis.
The Japanese government announced in January 2017 that it would be overhauling its CFC regime, taking into account the recommendations of the Organisation for Economic Co-operation and Development base erosion and profit shifting (“BEPS”) Action 3.
Such a deal would involve NI remaining in the single market as proposed by the EU, thus there will still be a border in the Irish sea, even if we remain in a Customs Union of some sorts. At least, that's my understanding.If you deliver a deal that includes a customs union and no hard border in Ireland, if you protect jobs, people’s rights at work and environmental and consumer standards - then we will support that sensible deal.
Anybody asked Mr Angell for comment?refitman wrote:Apparently there were 5 speakers and 7 audience members at a Progress event earlier.
Its an hour that passed fairly quickly tbh, as I said earlier this is one area where he has changed since 2015 - for the better.frog222 wrote:https://www.theguardian.com/politics/20 ... ent-speech
Crace ! JC for more than an hour, you lucky people .
I think it's meant to be a sort of reciprocal clap - but, yes, it is a bit weird. People seem to applaud themselves in lots of different settings nowadays. I think it's an American gameshow import.frog222 wrote:When did people begin to clap themselves when they arrived on a stage ?
Being pre-NHS I had wondered if it was a question of advancing age, general curmudgeonlinessPorFavor wrote:I think it's meant to be a sort of reciprocal clap - but, yes, it is a bit weird. People seem to applaud themselves in lots of different settings nowadays. I think it's an American gameshow import.frog222 wrote:When did people begin to clap themselves when they arrived on a stage ?
The NHS would be my first port of call if I were suffering from reciprocal clap.frog222 wrote:Being pre-NHS I had wondered if it was a question of advancing age, general curmudgeonlinessPorFavor wrote:I think it's meant to be a sort of reciprocal clap - but, yes, it is a bit weird. People seem to applaud themselves in lots of different settings nowadays. I think it's an American gameshow import.frog222 wrote:When did people begin to clap themselves when they arrived on a stage ?
Ed Miliband disliked getting applause; he'd make slight stop-clapping-for-me gesturesPorFavor wrote:I think it's meant to be a sort of reciprocal clap - but, yes, it is a bit weird. People seem to applaud themselves in lots of different settings nowadays. I think it's an American gameshow import.frog222 wrote:When did people begin to clap themselves when they arrived on a stage ?
Not what that outfit's "star columnist" Ren-tool saidPaulfromYorkshire wrote:Well well
https://www.independent.co.uk/voices/je ... 56211.html" onclick="window.open(this.href);return false;
Corbyn looks like a PM in waiting.
Ever since Americans.frog222 wrote:When did people begin to clap themselves when they arrived on a stage ?
How can that possibly be - a No Deal will go so well - everyone says so!adam wrote:I see we have appointed a minister for rationing.