Corbyn, am I the only one?

Corporate tax is 27.5-30% here in Australia too, but they're reducing it because of the impact it's had on the viability of corporations, the appeal of outsourcing aspects of business such as the productions process in order to avoid tax, and the barrage of FDI which has taken place over the last 30+ years - companies which have taken advantage of tax loopholes (which, yes, exist in the UK too), and which send most of their profit offshore, benefiting the host country in employment only.

So no, implementing a corporate tax hike is not the answer.

A man of principle.

Maybe if you repeat it enough times, it'll come true.

Sorry for edit fail there. But the idea that Corbyn's corporation tax proposals are loony left territory is just laughable. Rates were far higher under that renowned loony left politician, Margeret Thatcher .

Anyway looks like the OP didn't get the overnight message from party headquarters that May is U-turning on personal attacks - having realised that they are not working.

The point made by most economists, is that there simply isn't enough people earning above £100,000 to make raising their tax worth while. Raising the tax on wages under that would raise a fortune.

I am an economist.

It is true that raising wages on the very highest earners doesn't necessarily add much to the tax take because (a) there aren't many of them and (b) they are good at avoiding tax.

This means that governments who want to raise more revenue do need to look at other measures, eg Hammond's NI proposals (which were sensible) or raising corporation tax.

UK corporation tax is very low at 19%. US corporation tax is over 30%. In the EU, the two comparable sized economies (France and Germany) also have effective rates over 30% (in Germany, corporations pay both national and regional taxes).

Source: Deloitte.

corporation tax rate is over 30%. German corporation tax

May is so last month...

No I disproved what you were saying by using the facts and then you went and got a bit cross and called me a holocaust denier and only good for medical experiments. That wasn't very kind now was it?
And it's fucking you're - a contraction of 'you' and 'are'.
I saw TM so scared of answering actual questions from the actual public that she didn't even bother turning up. Strong and stable? Or hiding under the bed?

Sorry jimmy I didn't realise you were a grammar nazi. I should have guessed your more in interested in showmanship and how things are being said, hence the love of Corbyn. I like the facts and details not the snake oil salesman SHITE spouted by Corbyn and his cronies. not my night? Well actually it was. We saw he total carnage of what a potential labour coalition would look like tonight. I could go on but I don't need to as still laughing

Fair play Garden Greek I think you got it right and glad your finding sensible logical human beings voting for needs to be and not some glossy theoretical future
eeek! And the grammar. Oh dear.
Not really your night is it?

Ah, OP, that's a pity. He speaks very highly of you.

GardenGeek
Sorry I missed your question:
In terms of Brexit it is not a question of being progressive - Brexit is simply a fact and Labour and JC are pledged to bring us out of the EU. Where I would expect them to be 'progressive' is in their approach to talks. In that they would actually sit down and talk. Oh and listen. And try to get a deal. Not throw their toys out of the pram with a 'No deal is better than a bad deal'. No deal would cost us a fuckload of money.

I don't need google to prove or disprove, having worked for a variety of companies I've seen the expenditure. Look at the economic growth of small to mid companies, recruitment etc. They are not some conspiracy jimmy they are fact. Are you by any chance a holocost denying person too. That happened and is fact too
Wow!! I'll take that in three sections if I may.

1. You are presenting us with an anecdote and claiming it is a fact when I actually took the time to give you the actual figures.
2. Why would you think that I am a holocaust denier? That is such a bizarre thing to say I am genuinely gobsmacked.
3. I am not in fact a 'moody turd'. I am actually a very pleasant, non - vegan, non holocaust denying, fully functioning member of society.

Fair play Garden Greek I think you got it right and glad your finding sensible logical human beings voting for needs to be and not some glossy theoretical future

How do you automate a hairdresser, a waitress, a builder etc out of existence

Service industries don't get automated they die out or lower their charges as the customers have less money.

Builders go because you get more prefabricated houses.

uk.businessinsider.com/house-3d-printed-24-hours-concrete-russia-2017-3
www.telegraph.co.uk/property/house-prices/3d-printing-homes-answer-uks-housing-crisis/
www.bbc.co.uk/news/av/technology-27221199/how-dutch-team-is-3d-printing-a-full-sized-house

I don't need google to prove or disprove, having worked for a variety of companies I've seen the expenditure. Look at the economic growth of small to mid companies, recruitment etc. They are not some conspiracy jimmy they are fact. Are you by any chance a holocost denying person too. That happened and is fact too. I'm sure you can find something on google to prove or disprove anything. Leave the socialist army blindly following what you've been told and open your eyes to the reality. It's not a conspiracy by the tories or the all powerful secret establishment. Work hard, go the extra mile, take your chances and re-invent yourself if needs be mad you'll always do alright under the capitalist model. Or sit around being a moody turd with your world is grey shade glasses on and funless life style. Socialists ffs about as useful as vegans. Medical experiments excluded 😂

Corbyn will take you back the winter of discontent, which under labour had strikes all over the country, holding the government to ransom. Labour under him is regressive not progressive.

Basically the companies are issuing the money they would have paid in tax to grow and recruit
In case anyone is in any doubt. ^ Is a lie and is very easily disproved by a quick google. Like what I just did.

*Corporation tax revenues have been going up year on year since they reduced the %. Basically the companies are issuing the money they would have paid in tax to grow and recruit, increasing profits. So the percentage is smaller but the actual sum of money is so actually that equals more tax revenue. Hence the growing economy and more jobs.

What happens if you now out the corp tax up, no surprises, the reverse. So less investment, less jobs, shrinking profit. So now you have a greater percentage of a smalller amount of money and less actually going into the tax coffers.

This isn't a theory it's what's been happening. So please stop calling out the corp tax will fix things, raising it will have the reverse effect and create a deficit in tax gathered.

Real economics beat socialist made up capitalism bashing every time*

We've been through this before
Corporation tax was 28% in 2010.
The Tories cut it to 20% and plan to cut it further to 18% by 2020.
This is the lowest rate in the G20. The lowest.
Now ..... job creation since 2010 - 80% of jobs created since 2010 - those jobs that the Tories are so proud of - 80% of them are in industries that pay less that £7.95 per hour. These are called 'low paid industries'. So yeah ... there is a fucking magic money tree and it's being exploited by the Tories to help the rich get even richer.
Employment in high paying jobs has increased but people in middle earning jobs have also been struggling as these middle earning jobs have disappeared and they have been forced to work for minimum wage.
Public sector employees have also borne the brunt of Tory austerity as wages have been cut by 14% in real terms.
So .... after seven years of low corporation tax would it not have been reasonable to expect to have seen some kind of 'trickle down' if it was going to happen? Because we haven't seen it. I wonder why?

Is thinking employment even right in the digital economy there are lots of people that make a passive income by creative work.... but lots of risk attached to it and you need a skill... whilst house prices are still based on transport more and more people will work from home... and offshoring work will always happen. We need a competitive skilled country and how that's done is anyone's clue education being the foundation

Ha ha ha! The Tories? Progressive? That's funny.
The Labour position on Brexit is that they will uphold the democratic will of the people. The vote was to leave therefore we will leave. JC wants to negotiate our leaving and get a trade deal that includes access to European markets so that we can buy and sell our goods. TM says 'No deal is better than a bad deal' - well that depends on whether you think that it's worth losing £25 to £36bn a year because that's what 'no deal' looks like. I would much rather Kier Starmer led negotiations than Theresa May. TM hectors and harangues. That is not going to play well.

Interesting bit coin.. and today tesco did their first automated delivery in london... if wages are high machinery replaces places like India still use labour for washing etc... but they are largely underpaid

Corporation tax revenues have been going up year on year since they reduced the %. Basically the companies are issuing the money they would have paid in tax to grow and recruit, increasing profits. So the percentage is smaller but the actual sum of money is so actually that equals more tax revenue. Hence the growing economy and more jobs.

What happens if you now out the corp tax up, no surprises, the reverse. So less investment, less jobs, shrinking profit. So now you have a greater percentage of a smalller amount of money and less actually going into the tax coffers.

This isn't a theory it's what's been happening. So please stop calling out the corp tax will fix things, raising it will have the reverse effect and create a deficit in tax gathered.

Real economics beat socialist made up capitalism bashing every time.