The Labour Government

If you inherit a million pound house and pay tax on it, it is not the same as your parents passing on a family business, that is heavily asset rich and cash poor. The difference being that to pay the tax you have to sell the assets and put yourself out of business in doing so. The situations are clearly not the same, which I think you understand ?
Of course not, that's my point.

Rather ironically the only people who actually benefits is the rich and major agri corporations because we'll see a depression in land values. That's a huge opportunity to buy up land from farmers who are edged into the tax bracket, or people who just can't be arsed with it.

Obviously the government is saying that only a handful will be affected but I'm not so sure. If that was the case and farmers have done their sums then it's hard to understand why they're protesting. I wouldn't turn up to protest against something that doesn't affect me.

The optics however aren't great when the protest is fronted by a multi-millionaire like Jeremy Clarkson and Andrew Lloyd-Webber in a £1500 Canada Goose coat....
 
The other issue with big business is that the profits tend to leave the country completely. The smaller the business the more locally the profits tend to be spent. It's just a general rule which tends to increase proportionately to the size of the business.
How do you make it illegal for a company to be registered in the acayman Islands though?

If we did, it might make the Glazers sell up, so we’ve got to be careful.
 
Of course not, that's my point.

Rather ironically the only people who actually benefits is the rich and major agri corporations because we'll see a depression in land values. That's a huge opportunity to buy up land from farmers who are edged into the tax bracket, or people who just can't be arsed with it.

Obviously the government is saying that only a handful will be affected but I'm not so sure. If that was the case and farmers have done their sums then it's hard to understand why they're protesting. I wouldn't turn up to protest against something that doesn't affect me.

The optics however aren't great when the protest is fronted by a multi-millionaire like Jeremy Clarkson and Andrew Lloyd-Webber in a £1500 Canada Goose coat....
I would counter that by pointing out that Clarkson is very popular with the public in general though, much more so than any politician.
 
How do you make it illegal for a company to be registered in the acayman Islands though?

If we did, it might make the Glazers sell up, so we’ve got to be careful.
You can't really, I read an article a few years back where 99 of the FTSE 100 companies used offshore tax havens. That's our own UK registered companies and not even the Amazons and Starbucks of this world.
 

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