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See all MNHQ comments on this thread

Original poster

Right I get it, the nation is in debt and we need to claw the money back but really

33 replies

NearlyMrsCustardsHardHat · 29/03/2012 20:07

Do they need to keep hitting us as individuals and families? Why on earth are they not hitting businesses and corporations and taxing them properly? They won't ALL go abroad if taxes rise will they? Surely there's always some business to be done in the UK even if they did?

I don't as a general rule object to being taxed because there is a need for it but I am getting increasingly angry with Labour for their reckless spending and increasingly angry with the Con-Dems for their ruthless unfair clawing back of funds.

OP posts:
MrGin · 29/03/2012 20:27

Sure I heard that it would take each adult in the UK to pay around £27,000 each to clear the debt we have....

We ain't seen nothing yet.

Original poster
NearlyMrsCustardsHardHat · 29/03/2012 20:24

really niceguy2? I would have thought the government would have more earning potential from corporation tax etc than it would from taxing individuals and preventing them getting to work (by increasing fuel duty to ridiculous levels) or preventing them from being healthy (by threatening the NHS)

OP posts:
niceguy2 · 29/03/2012 20:21

Only a small amount of the nations finances cOme from business. The majority is from income tax and VAT. We could double corporation tax tomorrow and even assuming businesses don't flee or die we'd still have our deficit.

niceguy2 · 29/03/2012 20:18

Tax avoidance loopholes are being closed. For example VAT exemption from channel islands which are used by Amazon, Tesco & play.com

The stamp duty avoidance by buying in a company name, to name two off the top of my head.

dreamingofsun · 29/03/2012 20:13

i remember my husband moaning a lot under labour because his business tax increased. Increase this over a certain level and you will find people closing their companies and taking standard jobs instead. how will this help reduce unemployment - its the small businesses this gov is looking at to employ ex public sector staff. having your own business is hard work and risky. owners also pay tax as individuals and families. why is it unfair if the funds are clawed back from individuals and families but increasingly taken from businesses?

Whatmeworry · 29/03/2012 20:12

Busineses create jobs that pay wages so people can pay taxes, that pay civil servants and benefits.

Kill businesses and the whole thing breaks down.

But i agree they should go after those that are playing huge tax avoidance games.

niceguy2 · 29/03/2012 20:11

Oh dear here we go again.....

Basically we need businesses in order to create jobs. Taxing them higher means less money to create jobs, encourages more companies to offshore and you only need a few big companies to move abroad to leave a massive hole in the nation's finances and thousands jobless.

What the govt should be doing is lowering taxes for businesses and making life easier so more come to our shores. But politically it's hard to do in the UK when so many are economic illiterates.

OutragedAtThePriceOfFreddos · 29/03/2012 20:10

Businesses are struggling too though, and we need as many of them as possible to create jobs to pay tax to be able to stop making cuts.

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