Well they would argue that wouldn't they? I'm sure someone would do the CEO job for £2m. Let's face it, most workers think the bosses don't know what they're doing, except for rewarding themselves beyond their ability.
So just more foreign owned "uk" companies.The missing bit is "UK".
Your case is ok for UK only based companies who are location dependent but for international companies they will move as much as they can out to reduce the tax burden.
The cumulative effects of the two, in one case reducing footprint in the UK and the other reducing profit by reinvesting both REDUCE tax revenues.
obviously not. Just keeping the economic benefits (at a price)So basically staying in the EU.
The cure is to stop reading the Daily Mail.It does my head in to hear Labour supporters banging on about "the rich" should pay their "fare share", with the implication that they are not.
A person on £120k per year currently pays about £40,000 in tax. A person on £20,000 pays around £1,700. So the person earning 6 times as much, pays 24 times more tax, as it stands. And Labour think 24 times more is not enough, and people should pay even more than that???
The other thing that does my head in is people who are either too thick or too greedy or both, banging on about how we should spend more on the NHS, more on child care, more on education, more on pensions, more on railways, more on this, more on that. Maybe I should call them "the morons". It's all gimme gimme gimme, I want, I want, I want. And not a fucking thought about how on earth we as a society are supposed to pay for all their freebies. And if they are asked, you usually get shit like,
"Just get the rich to pay, yeah, that'll sort it. And companies too, yeah, those tax dodgers, they can pay as well."
Basically they want anyone else to pay, so long as they don't have to, and they get all the stuff they want for free.
Makes me want to throw up.
Then they should be able to rise up the ranks no problem. Your mindset also shows why debating this with you is pointless.Well they would argue that wouldn't they? I'm sure someone would do the CEO job for £2m. Let's face it, most workers think the bosses don't know what they're doing, except for rewarding themselves beyond their ability.
Chippy boy makes some excellent points regarding fair share and so rather than actually debate the figures and give your honest view (if you could find it behind all the tub thumping), you revert to the tired cliche.The cure is to stop reading the Daily Mail.
What I find odd mate is that no one has quoted that and explained how it's not a fair share. Or even defended the unfairness (to the wage earner with a comfortable but not obscene salary of £120k per year) of them paying 24x the tax on only 6x the salary.A person on £120k per year currently pays about £40,000 in tax. A person on £20,000 pays around £1,700. So the person earning 6 times as much, pays 24 times more tax, as it stands. And Labour think 24 times more is not enough, and people should pay even more than that???
So is anyone that thought that graph was useful or that it made a point.
Well if they feel like that they are welcome to work hard and get to the top themselves. Or form a rival company to exploit these shit bosses . It should be easy if all the bosss are interested in is not the welfare of his employees or how well his company does , should be able to clean up. Give it a go.
There's a straw man.The original graph was the G20 countries. Are you suggesting that the UK should model its corporate tax policy on Moldova?
No. It's market forces.Oh, point taken. But when Beeching ran British Rail the going private top CEO rate was maybe £24000 a year (his salary at ICI), maybe 40 times what a cleaner earned. Why is the differential now 200 times more? Why does anyone need a million pounds a year? It is not market forces, it's greed.
The original graph was the G20 countties. Are you suggesting that the UK should model its corporate tax policy on Moldova?
Oh, point taken. But when Beeching ran British Rail the going private top CEO rate was maybe £24000 a year (his salary at ICI), maybe 40 times what a cleaner earned. Why is the differential now 200 times more? Why does anyone need a million pounds a year? It is not market forces, it's greed.
The fact he's repeating the same line shows he knows he will never be affected by it. It's simply politics of envy.But we get about half of that in tax. If people get paid big bonuses Hmrc get roughly half of it.
If we started beating people up more at the top and prevent them earning more then logic would dictate that more money would need to come from lower incomes and why would anyone want that. The tax stats were on a few pages back but the top 5percent of earners pay 47 percent of the income tax take. If you start capping salaries and burning people who have done well in life where you going to get this money from - poor people that's who!!