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I sincerely hope this is the beginning of the end of the Conservatives blatant favourism to their rich buddies who don't pay their fair share of taxes. The Cons are quick to cut off public spending when all they would have to do to balance the budget is get the likes of Vodaphone and Green to...
Couldn't agree with you more sirearl.
Joining the EU is certainly not going to help. I think what we could do with is specializing in different areas - niche markets - and take a leaf from the Germans who have one of the highest rates in corporate and income tax and is still a major exporter...
VeraJ,
Why would a high value business owner have problem with paying their fair share of tax. Don't they use public services and goods just like anyone else.
Was that a swipe at me? Love it lol
I would certainly not advocate lowering taxes on the wealthy. Its a fact- the wealthy would not spend into the economy as much as the working classes would. The working classes would spend their money buying goods which would spur economic growth and increase employment. So yes, I would tax...
Hey Dawg,
My mistake. I meant tax rate. Here's a study that was carried out by Forbes
http://blogs.forbes.com/janetnovack/2010/09/23/the-very-rich-are-different-they-pay-a-lower-tax-rate/
Low taxes create jobs? Think again. Here's a few links...
The premise that low taxes will somehow dig us out of this hole is misguided at the very least.
America has had historical low interest rates for 8 years upto 2008 for the wealthy, and this has not translated into any significant growth.
It is the very deregulation and free market that...