Tax refugees

C Powell

A pity the rest of us can't do the same!

Tom

Yahoo! upped sticks and has gone to Switzerland too.

David

Problem is, where do you stop? We reduce taxes to 10%, then somewhere else reduces to 8% and so on.

Andrew

David - You call it a problem? I say thank god we have competition among the taxers.

Madasafish

Eventually some politician is going to have no choice but cut back the welfare state. I reckon in 2011. Benfit systems do not work.. in the long term.

See F Field.

Requires courage: so that rules out Labour.

Ian C

Chickens, home and roost come to mind!

EyeSee

David, OMG! If that happened the State would have to shrink too. We wouldn't be able to afford Management Consultants, spin doctors, Quangoes, EU directives. Unless politicians do what they currently do and only cut back on front line services, so no doctors, armed forces etc. Someone ought to control these politicians and convince them to reduce the burden of the State on our shoulders. How could we do that?

THX1138

Maybe the NHS should reduce it's spend with Shire accordingly.

Tom

You're getting there David!

David

I see; so cutting doctors, nurses, education, welfare services, no problem. fine.
In fact, let's just go straight to zero tax.

Sebastian d'Anconia

David, as tax is reduced so people keep more of their own money and invest in their own communities and there will be far more and better doctors, nurses, education etc. People paid better, and doing a better job. The idea that if government didnt provide public services then no one would is a joke.

C Powell

No David: you're wilfully misunderstanding. Cutting nurses is not good; cutting management consultants, managers, quangos, etc., is absolutely fine, indeed desirable. We'd end up having better services for less money (does anyone really think that all the managers etc has made anything better?) and be able to keep more of our own money. And the problem with that is what, exactly?

Max Kaye

Management consultants, NHS advisors, diversity officers and the like canbe turned into productive members of society -- especially if converted to Bio-fuel or Soylent Green.

Chris H

Zero corporation tax is not the same as zero tax.

Corporation tax should be zero because people pay taxes not corporations.

Studies show that about 10% of corporation tax is actually paid by the owners in the form of lower profits. 60% of the tax is paid by employees in the form of lower salaries, while 30% is paid by customers in the form of higher prices. Even when it comes to that 10% of corporation tax paid by owners a signification portion is coming out of pension funds.

Tim Carpenter

Even better, Chris, to tax spending, not income.

Corporation tax should be 10% and later 5% to attract companies to list and book their profits in the UK. It is just common sense. The lower the tax, the more companies relocate, the higher the income from that tax.

Tim Carpenter
LPUK www.lpuk.org