| For those who think you can just tax companies without it having repercussions 09:08 - Jul 31 with 4128 views | Whiterockin |
BP pulls out of North Sea after being battered by Labour windfall taxes and Net Zero drive
https://mol.im/a/16018893 |  | | |  |
| For those who think you can just tax companies without it having repercussions on 09:19 - Jul 31 with 3535 views | Boundy |
And yet the mantra continues to be Net Zero is our god .Even the finincially illerate such as myself can see that if you poke someone too hard and too many times there will be a negative consequence . |  |
| "In a free society, the State is the servant of the people—not the master." |
| |
| For those who think you can just tax companies without it having repercussions on 12:25 - Jul 31 with 3463 views | JJBomber |
| For those who think you can just tax companies without it having repercussions on 09:19 - Jul 31 by Boundy |
And yet the mantra continues to be Net Zero is our god .Even the finincially illerate such as myself can see that if you poke someone too hard and too many times there will be a negative consequence . |
It's happening in Scotland with Income Tax. they put the top rate up to 48%, so the top earners moved south of the border. The Scottish government now get less Income Tax than before. I'm amazed that Wales hasn't copied this! | | | |
| For those who think you can just tax companies without it having repercussions on 12:31 - Jul 31 with 3443 views | jack_lord |
Just to be clear, it was the Conservative government who introduced the windfall tax in May 2022 at a rate of 25%. They increased that rate in November 2022 to 35%. The Labour Government then battered them with an extra 3% to 38%. |  |
| |
| For those who think you can just tax companies without it having repercussions on 15:33 - Jul 31 with 3375 views | JACKMANANDBOY |
We don't want jobs, taxes and energy security, the North Sea is the source of the climate crisis, we want to import our oil and gas from Norway......oh hold on a minute! |  |
| |
| For those who think you can just tax companies without it having repercussions on 22:32 - Jul 31 with 3265 views | Togg |
The biggest negative for me under Starner was the increase in employers NI contribution. Small and micro business stuffed. Won't go out of their way to employ new workers . Knock on effect to larger companies also. Smaller taxation . Encourage people to have more in their pocket, spend more and hence more revenue. | | | |
| For those who think you can just tax companies without it having repercussions on 00:16 - Aug 1 with 3237 views | jack_lord |
| For those who think you can just tax companies without it having repercussions on 22:32 - Jul 31 by Togg |
The biggest negative for me under Starner was the increase in employers NI contribution. Small and micro business stuffed. Won't go out of their way to employ new workers . Knock on effect to larger companies also. Smaller taxation . Encourage people to have more in their pocket, spend more and hence more revenue. |
Smaller and micro businesses employment allowance was increased from 5000 to 10500 at the same time cushioning them from the new other 5000 threshold entirely. However bigger businesses were really affected.
Government the public sector and running the country is a hugely expensive conundrum but taxes like these make little sense if you want businesses to grow and employees to have money helping that circular flow of income | |
| |
| For those who think you can just tax companies without it having repercussions on 01:19 - Aug 1 with 3217 views | hobo |
| For those who think you can just tax companies without it having repercussions on 00:16 - Aug 1 by jack_lord |
Smaller and micro businesses employment allowance was increased from 5000 to 10500 at the same time cushioning them from the new other 5000 threshold entirely. However bigger businesses were really affected.
Government the public sector and running the country is a hugely expensive conundrum but taxes like these make little sense if you want businesses to grow and employees to have money helping that circular flow of income |
It wouldn't be half as expensive if we didn't fritter so much money away. We need a doge style deep review of every single function and contract |  | | |
| For those who think you can just tax companies without it having repercussions on 05:55 - Aug 1 with 3187 views | Togg |
The biggest negative for me under Starner was the increase in employers NI contribution. Small and micro business stuffed. Won't go out of their way to employ new workers . Knock on effect to larger companies also. Smaller taxation . Encourage people to have more in their pocket, spend more and hence more revenue. | | | |
Login to get fewer ads
| For those who think you can just tax companies without it having repercussions on 08:27 - Aug 1 with 3145 views | Whiterockin |
| For those who think you can just tax companies without it having repercussions on 05:55 - Aug 1 by Togg |
The biggest negative for me under Starner was the increase in employers NI contribution. Small and micro business stuffed. Won't go out of their way to employ new workers . Knock on effect to larger companies also. Smaller taxation . Encourage people to have more in their pocket, spend more and hence more revenue. |
Personally I feel taxation should always be on non essential purchases, its the easiest way to tax the black economy, plus the majority of there goods are manufactured outside of the UK so won't impact employment. Switching the tax burden this way should mean you could lesson the burden on business and therefore enable businesses to employ more. I know its not as simple as that and there would need to be exceptions but the principle is sound. | | | |
| For those who think you can just tax companies without it having repercussions on 09:51 - Aug 1 with 3092 views | jack_lord |
| For those who think you can just tax companies without it having repercussions on 01:19 - Aug 1 by hobo |
It wouldn't be half as expensive if we didn't fritter so much money away. We need a doge style deep review of every single function and contract |
I like the idea as long as it doesn't cost too much. Installing and employing a huge agency like that would cost. The DVLA cost something like 700 million annually though it is a net contributor due to thinks like driving licences and road tax. | |
| |
| For those who think you can just tax companies without it having repercussions on 11:39 - Aug 1 with 3049 views | JACKMANANDBOY |
| For those who think you can just tax companies without it having repercussions on 05:55 - Aug 1 by Togg |
The biggest negative for me under Starner was the increase in employers NI contribution. Small and micro business stuffed. Won't go out of their way to employ new workers . Knock on effect to larger companies also. Smaller taxation . Encourage people to have more in their pocket, spend more and hence more revenue. |
60 percent of the private sector is made up of small businesses with an average profit of £15,000.
I'd like to know which idiot in the Government thinks its a good idea to raise taxes in this sector rather than encourage it.
If you consider SME's they employ 90 percent of the employees in the Private Sector.
Somebody needs to tell the Government to invest in the private sector because it pays for the public sector. The bigger the private sector the more income we raise for the country. [Post edited 1 Aug 12:22]
| |
| |
| For those who think you can just tax companies without it having repercussions on 12:09 - Aug 1 with 3029 views | jack_lord |
| For those who think you can just tax companies without it having repercussions on 11:39 - Aug 1 by JACKMANANDBOY |
60 percent of the private sector is made up of small businesses with an average profit of £15,000.
I'd like to know which idiot in the Government thinks its a good idea to raise taxes in this sector rather than encourage it.
If you consider SME's they employ 90 percent of the employees in the Private Sector.
Somebody needs to tell the Government to invest in the private sector because it pays for the public sector. The bigger the private sector the more income we raise for the country. [Post edited 1 Aug 12:22]
|
The government cushioned the employer National Insurance (NI) increase for smaller enterprises primarily by raising the Employment Allowance from £5,000 to £10,500 and removing the previous £100,000 eligibility cap.
Key Mitigation Details - Allowance Increase: Lifted from £5,000 to £10,500 per year to offset rising payroll expenses.
Threshold Removal: The previous restriction blocking firms with an NI liability over £100,000 was scrapped, widening access.
Exempt Hirings: Allows eligible small businesses to employ up to four full-time workers on the National Living Wage without paying any employer NI.
As noted by UK Parliament, “This means that 865,000 employers will pay no NICs at all next year.”
I wonder if that does if the cushion does help or affect the 90% of the private sector employed by small business. Genuine question as it really is important to the economy to thrive. | |
| |
| For those who think you can just tax companies without it having repercussions on 12:11 - Aug 1 with 3026 views | Dr_Winston |
| For those who think you can just tax companies without it having repercussions on 11:39 - Aug 1 by JACKMANANDBOY |
60 percent of the private sector is made up of small businesses with an average profit of £15,000.
I'd like to know which idiot in the Government thinks its a good idea to raise taxes in this sector rather than encourage it.
If you consider SME's they employ 90 percent of the employees in the Private Sector.
Somebody needs to tell the Government to invest in the private sector because it pays for the public sector. The bigger the private sector the more income we raise for the country. [Post edited 1 Aug 12:22]
|
Exactly this.
Wealth must be created before it's redistributed. |  |
| Pain or damage don't end the world. Or despair, or f*cking beatings. The world ends when you're dead. Until then, you got more punishment in store. Stand it like a man... and give some back. |
| |
| For those who think you can just tax companies without it having repercussions on 12:14 - Aug 1 with 3008 views | onehunglow |
| For those who think you can just tax companies without it having repercussions on 12:11 - Aug 1 by Dr_Winston |
Exactly this.
Wealth must be created before it's redistributed. |
Indeed
I wish our politicians put the country before personal dogma
Socialism is fine if somebody pays for it | |
| |
| For those who think you can just tax companies without it having repercussions on 12:35 - Aug 1 with 2984 views | JACKMANANDBOY |
| For those who think you can just tax companies without it having repercussions on 12:09 - Aug 1 by jack_lord |
The government cushioned the employer National Insurance (NI) increase for smaller enterprises primarily by raising the Employment Allowance from £5,000 to £10,500 and removing the previous £100,000 eligibility cap.
Key Mitigation Details - Allowance Increase: Lifted from £5,000 to £10,500 per year to offset rising payroll expenses.
Threshold Removal: The previous restriction blocking firms with an NI liability over £100,000 was scrapped, widening access.
Exempt Hirings: Allows eligible small businesses to employ up to four full-time workers on the National Living Wage without paying any employer NI.
As noted by UK Parliament, “This means that 865,000 employers will pay no NICs at all next year.”
I wonder if that does if the cushion does help or affect the 90% of the private sector employed by small business. Genuine question as it really is important to the economy to thrive. |
There was a YouGov poll that said 70 percent of SMEs were negatively impacted by the NI increase.
The economy would really benefit from incentives to expand I this area.
A bit of anecdotal evidence, I just had my boiler serviced by a gas engineer who works for Navien. He said his daughter is interested in doing his job but there are no training places and he's not sure about going self employed. Some of his colleagues who are self employed say it's not easy with citing increased administration and the cost of setting up is becoming prohibitive. It's easier to work for a big company.
We've got the legislative framework the wrong way around. | |
| |
| For those who think you can just tax companies without it having repercussions on 14:40 - Aug 1 with 2945 views | max936 |
| For those who think you can just tax companies without it having repercussions on 12:35 - Aug 1 by JACKMANANDBOY |
There was a YouGov poll that said 70 percent of SMEs were negatively impacted by the NI increase.
The economy would really benefit from incentives to expand I this area.
A bit of anecdotal evidence, I just had my boiler serviced by a gas engineer who works for Navien. He said his daughter is interested in doing his job but there are no training places and he's not sure about going self employed. Some of his colleagues who are self employed say it's not easy with citing increased administration and the cost of setting up is becoming prohibitive. It's easier to work for a big company.
We've got the legislative framework the wrong way around. |
Tell him to have her look at British Gas recruitment online, they have an excellent training academy the training is extensive its hard work, but the benefits of the training is that it covers everything gas and more, its the best I know of. [Post edited 1 Aug 14:45]
|  | | |
| For those who think you can just tax companies without it having repercussions on 14:48 - Aug 1 with 2930 views | jack_lord |
| For those who think you can just tax companies without it having repercussions on 12:35 - Aug 1 by JACKMANANDBOY |
There was a YouGov poll that said 70 percent of SMEs were negatively impacted by the NI increase.
The economy would really benefit from incentives to expand I this area.
A bit of anecdotal evidence, I just had my boiler serviced by a gas engineer who works for Navien. He said his daughter is interested in doing his job but there are no training places and he's not sure about going self employed. Some of his colleagues who are self employed say it's not easy with citing increased administration and the cost of setting up is becoming prohibitive. It's easier to work for a big company.
We've got the legislative framework the wrong way around. |
I certainly agree with all of that.
The first para has to be eyed with a bit of caution as that poll was answered that those SME's thought they would be financially impacted by the NI change. It would qualify what they thought in 2024 with the actual impact in 2026. They could turn round with their tongues out saying I told you so.
I don't think any government is that naive that they don't understand that the private sector allows us to exist but at the same time in the modern world, they haven't worked out a palatable solution.
The NHS, the most political of hot political potatoes may be that one that absolutely needs reform. | |
| |
| For those who think you can just tax companies without it having repercussions on 15:09 - Aug 1 with 2919 views | Dr_Winston |
The problem is that the Socialist belief system is based on the idea that wealth is a finite pie. That the only reason somebody has something is because they took it from someone else, which is idiotic. Maybe hundreds of years ago when Kings carved stuff up it might have been a bit true, but not any more.
Most modern "wealth" is fictional. Digital ones and zeros. A guess as to the value of something based on what others might be prepared to pay for it. You could click your fingers and make Tesla & SpaceX disappear and Elon Musk's entire net worth with them and nobody would benefit. Meanwhile a lot of the tens, maybe hundreds of thousands of people his companies employ would lose their jobs, and Governments would lose billions in tax revenues.
Taxes like the increase in NI are based on the Socialist fallacy. Charging business owners money they don't have on employees that they might not be able to afford any more. | |
| Pain or damage don't end the world. Or despair, or f*cking beatings. The world ends when you're dead. Until then, you got more punishment in store. Stand it like a man... and give some back. |
| |
| For those who think you can just tax companies without it having repercussions on 15:46 - Aug 1 with 2899 views | jack_lord |
| For those who think you can just tax companies without it having repercussions on 15:09 - Aug 1 by Dr_Winston |
The problem is that the Socialist belief system is based on the idea that wealth is a finite pie. That the only reason somebody has something is because they took it from someone else, which is idiotic. Maybe hundreds of years ago when Kings carved stuff up it might have been a bit true, but not any more.
Most modern "wealth" is fictional. Digital ones and zeros. A guess as to the value of something based on what others might be prepared to pay for it. You could click your fingers and make Tesla & SpaceX disappear and Elon Musk's entire net worth with them and nobody would benefit. Meanwhile a lot of the tens, maybe hundreds of thousands of people his companies employ would lose their jobs, and Governments would lose billions in tax revenues.
Taxes like the increase in NI are based on the Socialist fallacy. Charging business owners money they don't have on employees that they might not be able to afford any more. |
I'm guessing you don't think much of John Maynard Keynes | |
| |
| For those who think you can just tax companies without it having repercussions on 19:05 - Aug 1 with 2856 views | Dr_Winston |
| For those who think you can just tax companies without it having repercussions on 15:46 - Aug 1 by jack_lord |
I'm guessing you don't think much of John Maynard Keynes |
There are bits of his philosophy I don't disagree with. In times of recession or economic downturn, Government spending can drive recovery, or at least mitigate the effects of recession. It should be a very last resort though, in common with most Government intervention. A nuclear option as opposed to standard operating procedure.
One of my major criticisms of Blair's Government is that they borrowed and spent at a time when the economy was running fairly well and could have handled most of it by itself if they'd just stayed out of the way. When the crunch came and a bit of investment would have helped they'd already pissed away everything.
For the most part though I'm a Milton Friedman guy. Leave people alone to do what they want with their own money. [Post edited 1 Aug 20:11]
| |
| Pain or damage don't end the world. Or despair, or f*cking beatings. The world ends when you're dead. Until then, you got more punishment in store. Stand it like a man... and give some back. |
| |
| For those who think you can just tax companies without it having repercussions on 20:02 - Aug 1 with 2833 views | JJBomber |
| For those who think you can just tax companies without it having repercussions on 22:32 - Jul 31 by Togg |
The biggest negative for me under Starner was the increase in employers NI contribution. Small and micro business stuffed. Won't go out of their way to employ new workers . Knock on effect to larger companies also. Smaller taxation . Encourage people to have more in their pocket, spend more and hence more revenue. |
In the case of one of the Swans' sponsors, it adds over £1million per annum to their tax bill. Needless to say, they have had to cut back on their sports sponsorship. The knock-on effects are wider than people think. | | | |
| For those who think you can just tax companies without it having repercussions on 20:23 - Aug 1 with 2822 views | Joesus_Of_Narbereth |
| For those who think you can just tax companies without it having repercussions on 19:05 - Aug 1 by Dr_Winston |
There are bits of his philosophy I don't disagree with. In times of recession or economic downturn, Government spending can drive recovery, or at least mitigate the effects of recession. It should be a very last resort though, in common with most Government intervention. A nuclear option as opposed to standard operating procedure.
One of my major criticisms of Blair's Government is that they borrowed and spent at a time when the economy was running fairly well and could have handled most of it by itself if they'd just stayed out of the way. When the crunch came and a bit of investment would have helped they'd already pissed away everything.
For the most part though I'm a Milton Friedman guy. Leave people alone to do what they want with their own money. [Post edited 1 Aug 20:11]
|
And of course people having more disposable income tend to be able to go out and spend more which grows the economy and helps businesses grow too.
People watching the pennies might avoid going for that coffee in the local cafe or will buy beers from a supermarket instead of going to the pub.
It all adds up. |  |
| |
| For those who think you can just tax companies without it having repercussions on 23:11 - Aug 1 with 2781 views | jack_lord |
| For those who think you can just tax companies without it having repercussions on 19:05 - Aug 1 by Dr_Winston |
There are bits of his philosophy I don't disagree with. In times of recession or economic downturn, Government spending can drive recovery, or at least mitigate the effects of recession. It should be a very last resort though, in common with most Government intervention. A nuclear option as opposed to standard operating procedure.
One of my major criticisms of Blair's Government is that they borrowed and spent at a time when the economy was running fairly well and could have handled most of it by itself if they'd just stayed out of the way. When the crunch came and a bit of investment would have helped they'd already pissed away everything.
For the most part though I'm a Milton Friedman guy. Leave people alone to do what they want with their own money. [Post edited 1 Aug 20:11]
|
If the world was perfect, Friedman's model is the correct and absolute way we should let our economies continue forward. Without a level playing field, however, the free market is a myth making Milton's ideal unachievable.
When people were talking about tightening their belts a few years ago, part of the austerity kickback, I was castigated for suggesting people with spare money should be spending and helping all the small business. I was told that was when people should absolutely not be spending. The reality is that we are stuck somewhere between two ideologies and, there are times when we collectively resolve the economic disparities. | |
| |
| For those who think you can just tax companies without it having repercussions on 14:16 - Aug 2 with 2645 views | max936 |
| For those who think you can just tax companies without it having repercussions on 20:23 - Aug 1 by Joesus_Of_Narbereth |
And of course people having more disposable income tend to be able to go out and spend more which grows the economy and helps businesses grow too.
People watching the pennies might avoid going for that coffee in the local cafe or will buy beers from a supermarket instead of going to the pub.
It all adds up. |
Once a fortnight I go out, Wife buys me a few beers with the shopping at Tesco, or I get my own, depending on what I get there's always deals on 500ml bottles of Moretti. Peroni and the Ales Welsh Pale by Glamorgan Brewery is a favourite. | | | |
| For those who think you can just tax companies without it having repercussions on 10:58 - Aug 4 with 2363 views | onehunglow |
| For those who think you can just tax companies without it having repercussions on 23:11 - Aug 1 by jack_lord |
If the world was perfect, Friedman's model is the correct and absolute way we should let our economies continue forward. Without a level playing field, however, the free market is a myth making Milton's ideal unachievable.
When people were talking about tightening their belts a few years ago, part of the austerity kickback, I was castigated for suggesting people with spare money should be spending and helping all the small business. I was told that was when people should absolutely not be spending. The reality is that we are stuck somewhere between two ideologies and, there are times when we collectively resolve the economic disparities. |
Jesus was castigated but was resurrected ,mun | |
| |
| |
By continuing to use the site, you agree to our use of cookies and to abide by our Terms and Conditions.