On Radio 4 Today
Hundreds of companies are being brought and then revenue goes off shore. The impact is devastating as the UK Gove loses the tax take which means that the burden of tax falls on fewer shoulders.
This week we could be losing Lounges, Direct Line to oversea investors. I have no idea where there will remit taxes.
Our high street is increasingly populated with companies who don’t remit in the UK so your hard earned pound is sent overseas to benefit others.
We need to invest in companies listed in the UK or continue with exorbitant tax rises on individuals eg direct tax, council tax etc.
We need to invest in UK based companies both with our individual spending but also with our pension investments.