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Post by flean on Feb 8, 2011 18:07:13 GMT
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Post by Yellow River on Feb 8, 2011 18:15:18 GMT
We're all in this together.
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Post by flean on Feb 8, 2011 18:18:18 GMT
Except for the people that will gain massively from this... certainly not me or anyone I know...
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Post by Paul Cannell on Feb 8, 2011 18:37:58 GMT
Personally, I blame the Muslims.
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Post by hairy on Feb 8, 2011 18:42:24 GMT
Nah, you blame the muslims for terrorism and oil prices but its the jews for banking and financial thingys. Need to brush up on your stereotypes young man.
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Post by Paul Cannell on Feb 8, 2011 19:04:14 GMT
My comment was tongue-in-cheek, you addled old fool. (look at our birthdays btw) ;D
It's quite an interesting article on how our government (trademark lie -> "we're all in it together") is sneaking legislation through that will enable companies domiciled in UK to avoid paying any UK tax while having the costs of their overseas offices subsidised by you and me.
In my opinion Cameron's speech about Muslims last weekend was timed to make this little change invisible. Forget the Muslims, these are the people who are our enemies.
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Post by Beav on Feb 8, 2011 19:10:12 GMT
Baroness D'Souza or whatever her name is came into Sixth Form on Friday to talk about the house of Lords.
Apparently - since the coalition has come through - its been a lot easier for the government to get things through as the coalition (obviously) 2 to 1 the opposition.
She is the head of the crossbenchers (whatever they are) and she said something about the government doing something to bypass the House of Lords so all its done in the commons where the coalition find it easy to make decisions or something.... I sort of stopped listening.
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Post by hairy on Feb 8, 2011 19:22:52 GMT
I did realise you werent serious young un - EDIT I just looked at your age, shouldnt you be having a nap to get over the excitement of this afternoons editions of countdown and cash in the attic?
Is an interesting article, especially considering that the large companies/financial institutions that will benefit from the changes already avoid paying hundreds of millions of taxes on money they make in this country as it is. Now we are going to subsidise their overseas investments while making nothing back in taxes.
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Post by Paul Cannell on Feb 8, 2011 19:31:00 GMT
Yep. Got me slippers on and the wife will be bringing me a pipe soon.
Spend the evening watching re-runs of The Battleship Potemkin. It's not all bad to be in your prime.
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Post by alessandro on Feb 9, 2011 9:46:26 GMT
Thank god Labour never managed to take us from being in the most prospoerous position in history to outright bust. That would be embarrassing. Thank god for labour.
Also word up to Labour for making this a more free society full of liberal values where the individual can thrive.
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Post by moobs on Feb 9, 2011 10:02:30 GMT
What a load of leftie, anti tory, mud slinging clap trap. Typical garbage journalism from the Guardian
Cameron is incentivising medium to large companies staying in the UK and keeping their money here. The idiot says it will cost jobs. No it won't, it will create jobs. If large companies and banks up sticks and move to other tax havens guess what happens? Yes! Obvious isn't it? And where you lose tax revenue in one area you get back somewhere else, it's basic economics that this t*at obviously doesn't get....
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Post by Mr Yellow on Feb 9, 2011 12:51:28 GMT
What a load of leftie, anti tory, mud slinging clap trap. Typical garbage journalism from the Guardian Cameron is incentivising medium to large companies staying in the UK and keeping their money here. The idiot says it will cost jobs. No it won't, it will create jobs. If large companies and banks up sticks and move to other tax havens guess what happens? Yes! Obvious isn't it? And where you lose tax revenue in one area you get back somewhere else, it's basic economics that this t*at obviously doesn't get.... Brilliant! I pulled you up on a load of schite you were talking on the old forum as you didn't know the difference betweem revenue and profit. Now you're explaining 'basic econimics' to the forum. You keep reading The Sun, won't you.
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Post by dannyc on Feb 9, 2011 12:59:26 GMT
Thank god Labour never managed to take us from being in the most prospoerous position in history to outright bust. That would be embarrassing. Thank god for labour. Also word up to Labour for making this a more free society full of liberal values where the individual can thrive. good one lol
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Post by hairy on Feb 9, 2011 16:36:47 GMT
What a load of leftie, anti tory, mud slinging clap trap. Typical garbage journalism from the Guardian Cameron is incentivising medium to large companies staying in the UK and keeping their money here. The idiot says it will cost jobs. No it won't , it will create jobs. If large companies and banks up sticks and move to other tax havens guess what happens? Yes! Obvious isn't it? And where you lose tax revenue in one area you get back somewhere else, it's basic economics that this t*at obviously doesn't get.... How will it create jobs? Is Britain a tax haven now then?
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Post by moobs on Feb 9, 2011 17:32:17 GMT
What a load of leftie, anti tory, mud slinging clap trap. Typical garbage journalism from the Guardian Cameron is incentivising medium to large companies staying in the UK and keeping their money here. The idiot says it will cost jobs. No it won't, it will create jobs. If large companies and banks up sticks and move to other tax havens guess what happens? Yes! Obvious isn't it? And where you lose tax revenue in one area you get back somewhere else, it's basic economics that this t*at obviously doesn't get.... Brilliant! I pulled you up on a load of schite you were talking on the old forum as you didn't know the difference betweem revenue and profit. Now you're explaining 'basic econimics' to the forum. You keep reading The Sun, won't you. You don't disagree with anything I said so i'll take that as a positive
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Post by Yellowbrains on Feb 10, 2011 0:23:03 GMT
What a load of leftie, anti tory, mud slinging clap trap. Typical garbage journalism from the Guardian Cameron is incentivising medium to large companies staying in the UK and keeping their money here. The idiot says it will cost jobs. No it won't, it will create jobs. If large companies and banks up sticks and move to other tax havens guess what happens? Yes! Obvious isn't it? And where you lose tax revenue in one area you get back somewhere else, it's basic economics that this t*at obviously doesn't get.... I'm no economic expert, but how does removing tax on foreign profits encourage companies to stay in the UK at all? If anything it surely encourages them to move operations abroad to countries with lower tax rates?
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Post by foghornleghorn on Feb 10, 2011 1:55:57 GMT
What a load of leftie, anti tory, mud slinging clap trap. Typical garbage journalism from the Guardian Cameron is incentivising medium to large companies staying in the UK and keeping their money here. The idiot says it will cost jobs. No it won't, it will create jobs. If large companies and banks up sticks and move to other tax havens guess what happens? Yes! Obvious isn't it? And where you lose tax revenue in one area you get back somewhere else, it's basic economics that this t*at obviously doesn't get.... I'm no economic expert, but how does removing tax on foreign profits encourage companies to stay in the UK at all? If anything it surely encourages them to move operations abroad to countries with lower tax rates? I doubt they'll find somewhere lower than zero.
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Post by yellowhoods on Feb 10, 2011 9:18:30 GMT
That'a coincidence YB, neither am I! We should meet and discuss how we know nothing about economics, then pontificate on what UK plc should do to recover from the downturn. We'd fit right in on this forum.
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Post by alessandro on Feb 10, 2011 10:23:44 GMT
What a load of leftie, anti tory, mud slinging clap trap. Typical garbage journalism from the Guardian Cameron is incentivising medium to large companies staying in the UK and keeping their money here. The idiot says it will cost jobs. No it won't, it will create jobs. If large companies and banks up sticks and move to other tax havens guess what happens? Yes! Obvious isn't it? And where you lose tax revenue in one area you get back somewhere else, it's basic economics that this t*at obviously doesn't get.... I'm no economic expert, but how does removing tax on foreign profits encourage companies to stay in the UK at all? If anything it surely encourages them to move operations abroad to countries with lower tax rates? It's an accounting issue to which there are many many angles, implications, etc. However every company has to be based, for tax purposes, in one country and then pays taxes on all it's profits, regardless of whether subsidiaries are in that country or not. The implication of this is that it acts as a carrot to companies that may move abroad for tax status reasons.
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Post by moobs on Feb 10, 2011 11:20:10 GMT
What a load of leftie, anti tory, mud slinging clap trap. Typical garbage journalism from the Guardian Cameron is incentivising medium to large companies staying in the UK and keeping their money here. The idiot says it will cost jobs. No it won't, it will create jobs. If large companies and banks up sticks and move to other tax havens guess what happens? Yes! Obvious isn't it? And where you lose tax revenue in one area you get back somewhere else, it's basic economics that this t*at obviously doesn't get.... I'm no economic expert, but how does removing tax on foreign profits encourage companies to stay in the UK at all? If anything it surely encourages them to move operations abroad to countries with lower tax rates? But if a large company with operations abroad pay less tax in a foreign country they would inclined to move their base there, if you remove the extra tax they would pay here on their profits then they would stay in the UK. Are you a bit slow?
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Post by Jimmy_Ike on Feb 10, 2011 12:30:35 GMT
What a load of leftie, anti tory, mud slinging clap trap. Typical garbage journalism from the Guardian Cameron is incentivising medium to large companies staying in the UK and keeping their money here. The idiot says it will cost jobs. No it won't, it will create jobs. If large companies and banks up sticks and move to other tax havens guess what happens? Yes! Obvious isn't it? And where you lose tax revenue in one area you get back somewhere else, it's basic economics that this t*at obviously doesn't get.... f*cking hell. Haven't you died yet?
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Post by alessandro on Feb 10, 2011 13:12:12 GMT
I'm no economic expert, but how does removing tax on foreign profits encourage companies to stay in the UK at all? If anything it surely encourages them to move operations abroad to countries with lower tax rates? But if a large company with operations abroad pay less tax in a foreign country they would inclined to move their base there, if you remove the extra tax they would pay here on their profits then they would stay in the UK. Are you a bit slow? No need for that tone. He has admitted he doesn't know much about economics.
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Post by flean on Feb 14, 2011 21:59:58 GMT
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Post by Yellow River on Feb 15, 2011 7:46:43 GMT
We're all in this together....... Here's the full article.... David Cameron was accused of 'gross insensitivity' last night after it was revealed that internships with City hedge funds were sold to wealthy Tories' children for thousands of pounds to raise cash for the party. At the Conservatives' Black and White Party, millionaire Tory supporters paid about £3,000 each for their children to have the golden chance of spending a week or two with a number of top finance companies and banks. If they do well and win a full-time job, they could join the ranks of City tycoons who earn multi-million-pound bonuses. But Labour claimed the auction was 'grossly insensitive' when tens of thousands of young people cannot obtain jobs. 'This is a crass example of rich Tories buying privilege,' said Labour MP Tom Watson. 'Most young people could only dream of this opportunity. The Conservatives flog them like baubles and fill their coffers with the profits. It is obscene.' The auction came weeks after the Government launched its Equality Strategy, which pledged that every Whitehall department would 'work to promote diversity, for example through internship schemes to widen access to the Civil Service for those who are currently under-represented such as ethnic minorities and disabled people'. Mr Cameron went to extraordinary lengths to conceal the auction by banning the media from attending the function, which is now held at an 'events arena' in Battersea, South London, far from its traditional venue in the heart of the West End, the Grosvenor House Hotel. Last week it was disclosed that more than half of the Tories' £22.5m donations last year came from City firms and bankers. When Mr Cameron became party leader in 2005, they supplied only a quarter of the party's income. The 900 Black and White Party guests paid a minimum £400 a head - £4,000 for a table for ten. It is believed the event raised £500,000 for the Conservative party. Guests included Mr Cameron and his wife Samantha, Chancellor George Osborne, Tory treasurer Lord Fink and a host of City tycoons and socialites including Emma Pilkington, girlfriend of Carphone Warehouse boss David Ross, and Olympics fundraiser Helen Macintyre, who reportedly recently had a child by Boris Johnson. Five lucrative City internships were auctioned off for £14,000. They included Lot 4, a two-week internship at CMC Markets, offering an 'incredible opportunity for a potential young trader to get an inside look at the world of international finance and online trading'. It promised that 'this much-sought-after experience will furnish the intern's CV with a financial brand that is recognised the world over'. It went for £3,000. Lot 9 was a week's work experience at Caxton Associates, a Mayfair hedge fund. It went for £2,500. Lot 10 was a week at PR company Bell Pottinger, run by the powerful former adviser to Margaret Thatcher, Lord Bell. It said: 'You will experience the excitement of working on tight deadlines, seeing messages being carefully executed and then translated into news stories.' The winning bid was £2,000. Lot 20 was a week at Arbuthnot Latham private bank. The blurb said it would provide 'a perfect insight for a young person interested in entering the financial field in the future'. It went for £3,500. Lot 30, donated by former Tory Treasurer Michael Spencer, was a week's work experience at his brokerage company ICAP, source of his £1bn fortune. The winning bidder could secure the chance for a student aged 16 to 19 to 'spend time on our dealing floor, interact with our brokers and observe deals being transacted'. It went for £3,000. Lot 2 was a week at Amanda Wakeley's fashion business in Chelsea, billed as 'a fantastic opportunity to become immersed in the day-to-day operations ... an unmissable opportunity to add this highly respected brand to a CV'. It went for £2,000. Lot 14 was two weeks at Tatler magazine, the 'social bible'. It went for £4,000. Lot 23 was two weeks at Princess Diana's favourite shop, Knightsbridge-based Harvey Nichols. It went for £2,750. Downton Abbey author and Tory peer Julian Fellowes donated a day's work as an extra on the set of the new series of the ITV series. It went for £25,000. And club owner Peter Stringfellow's champagne dinner for six raised £6,000. Guests at the event were astonished to have their invitations checked four times before they could enter. And champagne was banned to avoid embarrassing photos. But it did not stop revellers downing gallons of Winter Pimm's. Last night the Tory Party declined to comment, saying it was a private function. Read more: www.thisismoney.co.uk/work/article.html?in_article_id=522795&in_page_id=53928#ixzz1E0lFljDo
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