The great corporate tax swindle

Government should be all powerful and simply threaten to set up it's own competitve businesses to put these crooks in their place.

Afterall they did it for decades with electricty, trains and so on. When corporations call the shots it's a sure sign of facism, albeit a new subtler form.

Not mentioned in this article is the billionaire George Soros who agrees with Warren Buffett.

So a 'left wing' billionaire and a 'right wing' one both agree and have said in recent days that if governments do not reign in corporations and tax them correctly then capitalism will collapse.

veritas wrote:
The great corporate tax swindle

Government should be all powerful and simply threaten to set up it's own competitve businesses to put these crooks in their place.

Afterall they did it for decades with electricty, trains and so on.....


... and LOST £ zillions !

Can you name ANY government run organisation that has made a profit ?

to the contrary..they were all worth tens of billions in assetts built up by taxpayers and sold off at rock bottom prices.

Government housing is one prime example.

All Thtacher's policy did is eventually cause a housing boom years down the track which leads to disaster.

Besides-why is government supposed to make a profit ? If it can keep prices down it's doing it's job.

I remember when London was the cheapest city in Europe. Now rediculously over-priced.

The point is that when corporations pay their due tax (now avoided unlike waged persons who cannot avoid tax)industry can be subsidised which benefits all including other business.

veritas wrote:
to the contrary..they were all worth tens of billions in assetts built up by taxpayers and sold off at rock bottom prices.

Suggest you read the Phoenix Four debacle - where the government "sold" MG Rover (for £10 !) then paid millions a year (for a decade) in subsidies just to keep it going. It eventually went bust owing over a Billion.

The government is not supposed to be running businesses (unless you are in China?) - they are very very bad at it !

btw - There was never any "government" housing ... it was always Local Authority housing (and why should we pay to subsidise someone else's housing anyway?)

OK local government housing..still sold off by Thatcher's government at a time when the rest of Europe ( and the USA) were increasing their government housing.

shurley shome mishtake...the MG Rover example sort of proves my point.

why not have private police forces ?.

who dicates what government should and shouldn't tun ?...

answer : an idealogue.

why don't you want corporations to pay their correct taxes ??..bizarre

I do want corportations to pay their correct taxes - but if we hound them too much (under globilization) they will simply go elsewehere.

Someone else will step in and offer them a better deal.

A little tax is better than NO tax at all !

yeh sure. They will pack up and go somewhere else.

where ?

how is Vodafone goining to keep it's UK customers by going somewhere else ?

what corporation is going to give away all it's profits because they may have less profits.

Tell the fuckers to piss orf then..you don't think banks wouldn't be falling over themselves to back a government run enterprise supplying electricty or mobile phone services ?

a void created will be filled. Each and every time. It's not only a scientific fact but an economic one as well.

"A little tax is better than NO tax at all!"...?? what an insult to the ordinary taxpayer. Why aren't they given equal opportunity to do likewise.

I don't think you read the piece completely ITK...this bogus idea that they will go somewhere else is a recent invention and the article explains what an empty threat it is.

Reagan / Thatcher and conservative governments like Eisenhower in the US and McMillan in the UK never accepted these idiotic threat and corps were taxed at 90% and everyone in both countries grew richer and in turn the corporations grew richer because more money was spent and spread around.

I am amazed at your thinking...you say basically government should confine itself to only certain actions and believe corporations should be all powerful and call the shots and use blackmail. Odd.

This is soooo similar to the idiotic claim that a new ghastly McDonalds will "provide employment" for 100 kids. What isn't being said is that the new McDonalds will put a dozen smaller restaurants out of work and destroy 200 jobs as a study in Oz has just shown...where 6 McDomalds have actually closed down and the reverse is happening..new smaller restaurants opened in their place and are hiring more people.

You are repeating PR spin which the media now presents us as fact without question.

instead of rabbitiing on and on here..it's a Re-education Camp for In The Know !

you have been warned in the past ITK.

I see your union friends - this time at BA - have finally (after 2 years) "settled" their dispute with BA.

What did they achieve (apart from costing the company 150million in lost revenues, and the loss of the public's respect?) - oh, they got their "perks" back !

links..links