A tax haven encourages tax competition and forces governments to think about making cuts, so is a very good thing, indeed. Apparently not…
Angela Merkel has hit back at Theresa May’s threat to slash taxes to undercut the EU if it blocks a Brexit deal, warning taxes are the price paid for a just society.
The German Chancellor insisted her country had no intention of joining a race to the bottom, by following in the footsteps of Britain and Donald Trump.
“We have a tax system in Germany that has weathered challenges well. I see no reason for entering a race for who has the lowest corporation tax,” she said.
“We need tax revenues, we need a fair tax system, in order to make necessary investments in our society.”
Tax is merely a form of theft. Government is little more than legalised protection racketeering. That we accept it as a necessary evil does not alter this. If we are to accept it as a necessary evil, then what is extorted from us should be the bare minimum to pay for those things we need collectively that we cannot manage ourselves. Unfortunately, what has happened is a burgeoning of the state and consequently the tax revenues to keep this monster in the comfort to which it has become accustomed.
A tax haven, encouraging business to invest will place pressure on the high tax economies to reduce their tax take and with it the waste they so prolifically piss up the wall on stuff we don’t need and don’t want. This is a good thing. What we currently have is a tax cartel that works to the disadvantage of the inhabitants of the affected countries.
So, yes, I will be happy enough with a hard Brexit and a tax haven status for the UK. Bring it on. If anyone wants a consultant to advise on where to make cuts, my rates will be very reasonable. I could save them billions at the stroke of a pen and be happy to do it.
Start with the Sugar, Salt, Fat, Obesity, and other special interest fake charities. Stop all payments to outfits like Greenpeace and WWF. Stop all subsidies on solar panels windfarms. Stop spending on radio ads telling me that I want a smartmeter. That would be a start.
Regarding taxes. I would have thought that having taxes lower than countries within the EU would be a really obvious thing to do. It shouldn’t be that difficult to undercut countries that are still weighed down by a monstrous inefficient and wasteful bureaucracy. Anyway, what does Frau Merkel think that she can do to stop us?
Cease all foreign aid, stop all funding of the arts, cease all charitable spending by government, close down all government departments that are not absolutely necessary, starting with media culture and sport… I could go on…
Let’s not forget the UN and the WHO. Andrew Black has just committed the UK to provide 15 million quid to the FCTC so they can persecute smokers some more.
I could do a lot with £15m.
Dear Nisakiman
Wonder what that nice Mr Black would do if that nice Mrs May grew a pair and told him the £15 million was coming out of his pension pot, and could he pay the difference now, please?
Bureaucrats have a habit of spending other peoples’ money unwisely. We should make it their own, so they may be a little more wise.
DP
Yes. And Corporation Tax is pointless anyway. Companies are a legal fiction and can’t pay tax. The true burden falls on human shareholders, employees or customers (or some combination thereof). It’s largely a way of concealing from an inattentive populace just how much it’s being rooked by the political parasite class.
You might like this article if you have not already seen it.
https://fee.org/articles/francesco-ferraras-19th-century-war-on-taxation/