- Sat Nov 16, 2019 7:21 pm
#590722
Oh, I get what he intends. I'm just not clear what the actual tax is. There's already a tax due to come in-
https://www.bbc.co.uk/news/business-46023450
I assume that's already in the budgets. So are Labour planning something on top of this? France has done a 3% levy (compared with the UK's 2%). Maybe that's how Labour will get more. But the problem is that the US really hate it, and have a point- who else is taxed on turnover, what about existing tax agreements? France seems to have done a deal with the US, but clearly, you have to be very careful with this stuff. It might not be the tax freebie it looks. I'm not sure Corbyn is going to be in a particularly strong position to persuade the US not to hardball.
I'm always suspicious when lots of policies which are distinct get run into one. There's a tax here, there's renationalizing and there's free access. Is it a stool with 3 dodgy legs? Though I suppose the tax thing is the least important leg of it. (metaphor crumbles).
https://www.bbc.co.uk/news/business-46023450
I assume that's already in the budgets. So are Labour planning something on top of this? France has done a 3% levy (compared with the UK's 2%). Maybe that's how Labour will get more. But the problem is that the US really hate it, and have a point- who else is taxed on turnover, what about existing tax agreements? France seems to have done a deal with the US, but clearly, you have to be very careful with this stuff. It might not be the tax freebie it looks. I'm not sure Corbyn is going to be in a particularly strong position to persuade the US not to hardball.
I'm always suspicious when lots of policies which are distinct get run into one. There's a tax here, there's renationalizing and there's free access. Is it a stool with 3 dodgy legs? Though I suppose the tax thing is the least important leg of it. (metaphor crumbles).