Those of them involved in international business do not consider it unfortunate at all.
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Why not, other offices have costs, they will share services.
Company A in switzerland, claims it costs 10 pounds to make a widget, company branch in England sells it for £15. After wages and other costs, the english branch makes no profit.
Company A does make the profit, because it doesnt really cost them 10 pounds to make the widget.
You can call this a tax fiddle, and some do use it for exactly that, but there is no fix for this, every country has tried to stop it, the harder the try the more they fail, its just the cost of international buisiness.
It doesnt really matter anyway, the companies here will still pay VAT, NI, Income tax, council tax, and those all FAR exceed what they pay in corporation tax, and that applies to homegrown companies, corporation tax just doesnt raise that much.
But the point is, if you still want to argue it is a problem, well you cant do anything about it without pulling out of the EU, so neither labour, the lib dems, or the conservatives CAN do anything about this, as neither of them want out of the EU.
I'm not on about UK/US owned companies that manufacture elsewhere. More concerned with successful British companies (Astra Zeneca, Cadburys, utilities, etc, etc) bought by foreign concerns, sometimes with false promises about keeping jobs in The UK.
Also a general moan about how we used to manufacture everything, but now just 'assemble' things for foreign owned companies. I always laugh to myself when people refer to the British car industry in the present tense.
Perhaps it's a Dropclanger doppelganger.
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Then don't end your post with the question about "what do we make".
Sorry, EU laws again, not getting into an argument whether or not such dealings should be allowed (remember it can work both ways), but if you are of the opinion that they should be banned, then that is another EU competence, sorry, no government can do anything about this as long as we are an EU member (if you think something should be done).
Well yea, because we don't have a large poor workforce anymore which is what you need if you want to make cheap toasters and spoons.
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whitenoflight
You can only sell what people want. It is better to assemble in the country of sale, as it means that all that leave the factory work. It also deals with certain import duties and being nicked or damaged on the way. The Japanese taught us about reliability by making parts that fitted every time, not like Mr BSA banging things home. Work ethics and incentives are non existent .Workers having shares in the companies they work for ? No better incentive. There is no reason financial or otherwise that companies here can't build all the things we import. People making things that their neighbour uses, an increase in taxes on all imports. I have mentioned the need to apply the 'remedy' required, this forms part of plan.
How far back you going? If you go too far you might end up chucking yourself out.
The article does not disprove what I am saying, nor does it provide any details.
In fact it prooves what I am saying, they are shifting tax to ireland, under EU law, so that they can pay the Irish 12% rate, this is legal.
Try harder.
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whitenoflight
I would say that most of a white complexion originate from europe. We in europe have been thru the fear of religion stage. Do you want to go back to that ? Also, we are talking about illegals as defined as have no papers or certificate which applies to recognised border controls
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whitenoflight
strongest pound for 5 years, certainly will help exports
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I read somewhere that the reasons the Germans adopted the Euro was because it makes their Exports cheaper so keeping the Southern Euro states weak is in Germanies interest
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whitenoflight
Germans use The Euro and are the powerhouse of Europe. They own anything that is anything in all Euro states. Therefore, I would find that reason not all the story. We have a Pound that is so strong that is as strong as the peak before the recession. It stand to reason that if imports were in deficit then, it is highly unlikely with no discernible evidence that exports will improve. Gov fiddling with the ONS , they call this 'revised' figures In other words predict Import/export ,it appears they took no notice of the strength of the pound whilst doing this sum. I believe these false claims were an attempt to give a feel good factor and hope to fire up the workforce. That is dangerous and risky and appears to be backfiring. unemployment is down again, good news ? Where are these people working ? certainly isn't in manufacturing and exports.
C
collisioni
Today the ONS revealed the trade figures for May . Oh dear. These politicians keep talking us up and telling us unemployment is decreasing. I want to know ,what are these jobs ? The pound is even stronger, exports are even harder to make, Why would you employ when exports are decreasing ? Yet when it comes to election time who will you vote for ?
Is it just me or do the posting styles of collisioni and whitenoflight look just about identical in terms of spelling, grammar, punctuation, general content and the fact they registered within a few days of each other and dont appear to have posted anything outside of the GD forum?
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