Jeremy Corbyn

Corbyn isn't pally with the IRA for the greater good of Britain, he was pally with the IRA because he thinks Ireland should be one state and that terrorism is a good way to defeat Britain and achieve that.

Have you a quote to prove the assertion that he thoight it was a good way to defeat Britain ? He has consistently said he disagrees with all terrorism and he wants an end to violence. I love this on the one hand he is a pacifist who wont nuke anyone and on the other a blood thirsty terrorist sympathiser Its one or the ****ing other 🙄

All this talk is just a RW distraction as they know Ms "strong and stable" is " weak and wobbly" so they are ad homing [ and lying] rather than extolling her virtues

No it's not. The west is typically pally with nasty people for the greater good for Britain. And we're typically not pally with people who would say: "every defeat of the British state is a victory for all of us". (Unless there's a really good reason we need to be - intelligence from Gadaffi as Alan Johnson pointed out.)

You do know that Duterte isn't really in a rush to be best mates with former colonial powers, right? I'm not sure the Philippines is a great example of befriending a nation because.... "oil".

I view western attempts to engage him as an attempt to extend a friendly hand and perhaps alter his internal politics for the better. He's not the type of person that to change policy when the west beats him with a rhetorical stick.

You do know that Duterte isn't really in a rush to be best mates with former colonial powers, right?

So why was Liam fox jetting off down there so quick and saying we had lots in common? Care to try a consistent argument

Geopolitics and to try and convince the Philippines not to move towards China.

Which, if you actually care about Human Rights - is probably a good thing. I'm sensing a high degree liberal privilege and arrogance when it comes to your views on how we should deal with Duterte.

Have you a quote to prove the assertion that he thoight it was a good way to defeat Britain ?

This is becoming such a circular argument you know that I'm going to say:

It was the bombs and bullets and sacrifice made by the likes of Bobby Sands that brought Britain to the negotiating table.

..and then you're going to say it wasn't Corbyn.

And then I'm going to ask you to remind me who said it, and then you're going to go quiet.

All this talk is just a RW distraction

It's certainly a distraction, but a RW one? You're using it as a distraction technique right now, you've ignoring every word written about about policy and picking out the few lines on the IRA stuff. So are you distracting from a RW perspective or from a LW POV?

But we both agree it's a distraction so let's stick to policy: If Ireland can create a boom by lowering corporation tax, why is raising it not going to do the opposite? Is massive borrowing at a time when we've lost our AAA rating a good idea? Is overuse of Keynesian stimulus basically a progressive gambling scheme? (Doubling on losses - if you don't run out of cash you win small. When you run out of cash you lose massive.) If there's a simple widely known quick way to achieve growth, why isn't every nation using it? Will there be parliamentary time to fulfil Labour's manifesto commitments?

It's certainly a distraction, but a RW one? You're using it as a distraction technique right now, you've ignoring every word written about about policy and picking out the few lines on the IRA stuff. So are you distracting from a RW perspective or from a LW POV?

Also coming to the negotiations is not defeat.

But we both agree it's a distraction so let's stick to policy: If Ireland can create a boom by lowering corporation tax, why is raising it not going to do the opposite?

Because economics isn't a linear system, and the UK isn't Ireland. And as a "wealthy" (hahaha) person myself, the last 2 countries I worked had much higher taxes than here, so bumping up my rate a bit won't have me heading for the door, though other things (decline in services, racist atmosphere, etc) well might.

Is massive borrowing at a time when we've lost our AAA rating a good idea? [...] If there's a simple widely known quick way to achieve growth, why isn't every nation using it?

Will there be parliamentary time to fulfil Labour's manifesto commitments?

Who knows? - is that actually an argument for not starting the job - that you won't finish by tea time?

: If Ireland can create a boom by lowering corporation tax, why is raising it not going to do the opposite?

http://www.bbc.co.uk/news/business-25339066. https://en.m.wikipedia.org/wiki/Post-2008_Irish_banking_crisis.

Either they don't understand, or regard taxing wealthy people and businesses to force them abroad as a good thing. They can't possibly believe that there's a massive untapped source of cash available that no other government noticed.

Erm....

and then you're going to say it wasn't Corbyn.

And then I'm going to ask you to remind me who said it, and then you're going to go quiet.

You are not going to provided one and then you are going to go quiet - I cannot discount you still go on and on insisting its true as you appear to not need facts to hold opinions

The claim by the Conservatives that higher borrowing would lead to much higher deficits and an explosion in the national debt is dismissed by Oxford Economics as the pre-Keynesian nonsense it is.

https://www.theguardian.com/business/2017/may/28/far-from-strong-and-stable-mays-economic-plan-is-weak-and-unstable?CMP=fb_gu

That Guardian article is useless without seeing the actual report. What Oxford Economics put into the model will decide the outcome, and there is no visibility on what they put in or any assumptions made.

I can't see how anyone can call Labours policies Keynesian when there is no mechanism to run a surplus in the good times. Lots of spend, little on how they will cut it back later.

How can you raise corporation tax without revenue dropping as people move their HQ's abroad?

The way i understood it, regardless of what flag of convenience you HQ in, any business conducted here will be liable to UK taxation?

The way i understood it, regardless of what flag of convenience you HQ in, any business conducted here will be liable to UK taxation?

LOL

Think Starbucks, Google, Guardian Media Group etc

Funnily enough, Starbucks was one of the companies Corbyn alluded to, when making his statement that my words are to the effect of

.

The way i understood it, regardless of what flag of convenience you HQ in, any business conducted here will be liable to UK taxation?

Yes, of course you pay tax on all your business conducted here, but if you move your HQ abroad you pay *their* corporation tax. For instance a medium sized firm near where I work moved it's HQ to Belgium a couple of years back. to satisfy the various laws involved IIRC that required the movement of 3 roles to Belgium and the board having physical meetings in Belgium. The other 400 or so staff remained in the UK and all the directors worked full time in the UK.

So yeah, VAT, PAYE etc are all paid as they always were. But the corporation tax goes to Belgium.

It was the bombs and bullets and sacrifice made by the likes of Bobby Sands that brought Britain to the negotiating table.

That's a bit harsh. Miliband started his tenure badly but got quite slick by the end. You could see the coaching paying off.

Starbucks was one of the companies Corbyn alluded to

I doubt Corbyn claimed Starbucks don't pay VAT/PAYE etc. I'd be interested in hear specifically what policy he's proposing to stop Starbucks doing whatever he claims they are.

Google suggests this, is that what we're talking about?
https://www.forbes.com/sites/timworstall/2015/08/16/jeremy-corbyn-really-doesnt-understand-the-starbucks-case/#1cfa29265133

Either the Peston or Marr interview at the weekend

So paye evasion
Uber, deliveroo etc.
Vat
Remind me of how their tax evasion goes? Vat in and out counts in some way
Plenty of ways...
Anyway there is an update tapped tax resource out there just needs better rules and less vested interest.

Unpalatable? Yes.
True? Yes.

Yeah, Martin McGuinness would not have been NI education secretary if it's wasn't for the violence.

Kill people, spread hatred and you end up in a position to prevent mixed faith schools being the norm in Ireland which helps maintain hatred and leads to more killing. 🙁

Anyway, we don't want to be distracted by the IRA do we? Letss stick to policy. Can someone explain exactly what Labour are going to do to stop Starbucks doing whatever it is they think is wrong?

Labour are going to do to stop Starbucks doing whatever it is they think is wrong?

I don't know any specific policy in the manifesto, but it was corporation tax he was after.

However, I know that things changed for Starbucks in 2015, so I don't know if there's much to chase any more.
Apparently in 2015 they paid as much corporation tax as all their other trading years put together (8.1m). So 16million in Corporation tax on £3bn sales.

This was after public pressure, and to save face.
If they had been compelled legally to do it and this spread to other companies, then it could amount to a useful sum.

Not many people think it's possible though.

That Guardian article is useless without seeing the actual report.

Not useless at all. It refers specifically to a report and quotes some conclusions. If you want to assess the methodology, go ahead and get a copy.

The Tories have already clamped down on a lot of the older more 'flexible' tax avoidance practices. So how much room there is to tighten the regs further, I think only an expert could tell you.

@ out of breath
Silence is golden 😉

I go for three days before you repeat the falsehood you KNOW you cannot defend credibly.

Have a go at revisions to tax. What are the Tories going to do about it? Anything?

I'd imagine every Government in history has done everything it can to collect as much revenue as it can get away with.

I think this is why people are so cynical when oppositions say they're going to cut down on waste and increase tax revenue. If it was that easy it would already have happened.

Anyway here's a bit of detail about what labour intend to do about it all:
https://www.politicshome.com/news/uk/political-parties/labour-party/john-mcdonnell/news/85890/read-labours-full-17-point-plan

As a cynic I can't help but think that the fact item 1 is an enquiry suggests they don't have a lot of effective ideas.

Anyone explain why the Mayfair Loophole wasn't closed by governments of every colour. Google is fairly quiet on the reasons for it's existence, but there must be a reason.

So 16million in Corporation tax on £3bn sales

I imagine a tax based on turnover or sales should be sufficient to get their attention. What can they do leave and stop trading?
TBH i am perfectly happy to make laws just for specific companies that are seen to be doing this
Granted we cannot get them all but apple will still sell here even if they are taxed properly, as they will still make money, just not as much. Its not like they will have a flounce and stop all apple related sales here.

I'd imagine every Government in history has done everything it can to collect as much revenue as it can get away with.

Really you cannot think of a govt that reduced taxes 😯

I imagine a tax based on turnover or sales

What do you think VAT is?

Really you cannot think of a govt that reduced taxes

Not really, AFAIK all UK governments since WW2 have taxed ~35pc of GDP, which I'd guess is as much as the various Laffer Curves can stand.

Not useless at all. It refers specifically to a report and quotes some conclusions. If you want to assess the methodology, go ahead and get a copy.

It is fairly useless as its not a publicly available report, so we've no idea what's been fed into the model.

The only other info I can find on the report online are that it found that under Lib Dems and Labour plans government gilt yields would rise, and also public debt would rise significantly under Labour and hence, it would likley not meet its own target. However, significant uncertainties around the Labour proposals mean it is hard to model, quote below.

"There is significant uncertainty around the timing and cost of Labour’s mooted renationalisation programme and it is also unclear how the ONS will classify the asset purchases,"

So from all that, essentially you can pick the outcome that best fits your agenda. And I bet all the models turn out to be wrong anyway.

It is fairly useless as its not a publicly available report, so we've no idea what's been fed into the model.

It would be useless to you if the objective was to for you to be able to make a detailed assessment of the methodology, data etc. However, as this is a mountain bike chat forum, I think that's a bit out of scope, and the reason for bringing it up is to point out that people like oob who make dismissive simplistic claims are not voicing universally accepted points of view.

Whats going to happen to tax when we leave the EU? Isn't the rule that you can pay tax in any EU state on earnings made in the EU? So Luxembourg gets rich with others tax income?

the various Laffer Curves

Hahahah - there's one from the past !!

Junkyard - lazarus

Really you cannot think of a govt that reduced taxes

Well the UK tax burden has never been as high as it was under Margaret Thatcher's premiership, so governments since Thatcher must have reduced it.

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Love the balanced scrutiny. Meanwhile May's manifesto pledge for free primary school breakfasts works out at 6p per child, one Tory saying foodbank use is due to users that 'just have cash flow problems' and the Tory candidate for Jo Cox's seat says:

'We have here people of all faiths, we have here people from different parts of the community, and we have not yet shot anybody so that's wonderful.'

Hes doing quite well, the small business guy (the one that doesnt like paying minimum wage or pay more for his kids private school 😯 ) didnt get the answer he wanted- the format helps him as the audience cant respond to his reply, but hes coming across as human

He did well there.

Agreed that he is coming across better and better as the campaign goes on. Cool to see what seemed like genuine passion in some of his answers. See how he stands up to Paxman...

kimbers - Member
hes coming across as human

Watch out for the thumb tic...

Agree, he did quite well in the first section, although maybe more the demeanour of a friendly old bloke down the road than a PM.

Not doing so well with Paxman however.

Not doing so well with Paxman however.

How would you know? He can't actually finish a sentence without being shouted down by him. Paxman is performing a charicature of himself. It's very sad to watch.

On the ropes with the drone strike question, don't think thats going to convince many people

Because he's not actually answering [i]any[/i] of the questions in the 2nd round. Wouldn't need to shout him down if he just gave honest answers.

How can you possibly answer a question when you get interrupted every 5 words? He did as well as could be expected I thought. Paxman just came across as a self important tit. Lets see if Chairman May is interrupted as much.