nothing wrong with the Adam Institute and CapX where these people work.You stand revealed for what you really are, a leave camp agitator.
A drone for the Adam Smith institute.
No wonder you are coming on here to be a nuisance!
Check the data. Not so long ago, we collected more in CT when the rate was at 27%.
Why would that be surprising?. A local shop ,which is certainly a business will buy from a local distributor and sell locally. They will not see themselves as trading with the EU ,when they sell Danish bacon or Spanish Onions. If you look at the volume and value of local business in NI,even compared wuth their trade with the rest of the UK it is stiking. .. It is generally impossible to separate out these activities, but NI is a special case. ,.. because it is an island, subtracting off all the sales of goods as exports and transfers to the mainland,from the known GDP, leaves the amount of economic activity which is very local
when I picked up on your post about Tim W, I said he made some mistakes. I did read the article, checked his facts before getting back to the case of the 55,000 farmers whose fate he has no concern comparing to the number of consumers. The obvious case of Welsh sheep farmers was discussed frequently on TV, I thought you already knew about. My daughter is a journalist for AFP, so fact checking is something that I feel journalists must be good at in their daily routine. Those who don't check their facts are not serious.I like him.
I don't think one can generalise, it depends too much on the society concerned. The Swedes are overall very happy with their 62% personal tax rate, some only receiving as little as 29% net income from their earnings. The secret there is the fairness of a well governed system giving high and very even living standards with obvious benefits in their society.
I think it will be McDonnell rather than Corbyn setting that, but I'm sure both would love to be able to tax at Swedish rates.
Sounds like Britain could become our Staten Island:
UK CT rate was 30% under Tony Blair. When the 2008 depression happened, under Gordon Brown, CT was reduced it to 27%, then under David Cameron, gradually down to 20%.
He needs to get into power first.UK CT rate was 30% under Tony Blair. When the 2008 depression happened, under Gordon Brown, CT was reduced it to 27%, then under David Cameron, gradually down to 20%.
John McDonnell plans to return it to 27%, roughly world average.
Income as percentage of GDP fell correspondingly from 3% of GDP to 2.5% of GDP.
It goes to show that JC is right to bring it back to 27% for estimated receipt of 2.75% GDP
@James: Laffer curve is just an observation. Tax models are complicated, Laffer tried to simplify the theory for politicians, for that he deserves credit but for academia, it has no educational value.
he is not far off.
I think it will be as much Tory failures as his own effort to put him into power. The Tories do seem to trying to make themselves unelectable next time, even beating Corbyn at that.
