This is a mere diversion from the fact that amazon, Starbucks etc should be paying millions in tax.This is the scandal that we should all be jumping up and down about
I think jumping up and down abput that has to be done with rather more consideration as to why loopholes and avoidence stratagies are built in to the system.
There is a world, of which Britian is just one corner. There is a certain ampunt of competition for corperations basing themselves in a specific place. Direct tax of profits being lowered one way or the other to more attractive levels (from the coperations perspective) is used as a stratagy not becuase a country feels sorry for Big Bosses, but becuase tax revenues, incomes for populace and generation of work for related local businesses (supply/distribution etc) increase where a corperation choses to plonk themselves.
One of the biggest struggles for Italy is that they are at a disadvantage in attracting those businesses. Becuase of the far higher direct tax burden on corps in the region. On paper it looks fairer. In reality, we're fucked. Because the work and the tax revenue that generates .... is happening everywhere except here. It's not competative, it doesn't look as attractive to corps, somthey don't come, or if they do they close after a period and move.
I am prepping several students right now who will be dealing with the corps that employs them Italian client base....from other places in Europe. Becuase the base here either never opened, or it is earmarked for closure.
I will be sending my son to Britian for higher ed in no small part becuase his opportunities for work here are limited, and one of the major factors in that reality is that few business see Italy as a competative contender for making a base.
In turn that means the already small safety net here just gets ever more hole than thread.
Seriously how many of you have a strong expectation that your children will have to look abroad for work post education ?
Part of the reason why it isn't such a common place expectation (and this is obvious cos languages aren't seen as being particulary important) is because you can do and do attract corps and business. They aren't there becuase the British weather is so lovely and they like the view, they are there in part becuase it make economic sense for them to be there.
If they reduce their British base to a signficant degree due to the direct tax increasing, I think you can propbably expect the welfare state to shrink and crumble at a far faster clip.