General Chat Thread, Why George Osborne is an idiot. in General; George Osborne's tax changes good for banks, say analysts | Politics | The Guardian
Looking after his own interests as ...
22nd October 2010, 06:54 PM #1
Why George Osborne is an idiot.
22nd October 2010, 07:18 PM #2
i agree he's an idiot, but then he'd only be the latest in a long line of chancellors making policy decisions based on such ideological stances...
Originally Posted by mattx
at this point in time the reasoning behind the corporation tax cut is to make us more 'competitive' on the global stage, there are many countries where corporation tax was less than the old 28% rate. plus he's positioning the uk economic recovery to be private sector led [don't laugh], so i suppose tax cut for industry is the follow on step.
with the banks, i don't think any levy or tax hike imposed can be as useful as regulatory reform and the removal of the significant amount of moral hazard currently present with the alphabet soup of govt. supported initiatives [devised by the previous govt.] to prop up the sector.... SLS, CGS, QE....i'd like to see all this stuff curtailed or unwound. These are a far bigger deal as far as bank profitability than any net gains from the tax levy/corporation tax combo.
Last edited by torledo; 22nd October 2010 at 07:22 PM.
22nd October 2010, 07:45 PM #3
does the corp tax matter when most get away with what some people call clever use of tax experts and offshore tax rules?
22nd October 2010, 08:14 PM #4
Typical Tory looking after the rich!
22nd October 2010, 08:31 PM #5
Typical Labour getting us in this mess in the first place :|
23rd October 2010, 05:15 PM #6
Whenever I read a post about politics on this board it's like being in Groundhog Day.
23rd October 2010, 05:25 PM #7
you could say the same about half [conservative estimate] of the technical posts on here.
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