No, Goldmans make a fortune for themselves thanks to the UK economy, large pool of highly skilled workers, and competitive business climate. Not being in the UK would seriously hurt many global corporation's business performance - otherwise they wouldn't be here in the first place. We shouldn't forget that.
Goldman Sachs Pay Your Tax
- Thread starter rickh
- Start date
No, Goldmans make a fortune for themselves thanks to the UK economy, large pool of highly skilled workers, and competitive business climate. Not being in the UK would seriously hurt many global corporation's business performance - otherwise they wouldn't be here in the first place. We shouldn't forget that.
Not sure if serious.
Well, can you name another UK industry that makes as much money for the economy? Yes arguable it loses a **** load as well...
Nobody should be able to dodge tax by any means, if an entity/person benefits from doing business in the UK they should in return help pay for the maintenance of the nation.
We already tax people on low incomes far too much, via income tax, ciggies, booze, fuel, VAT etc - (I don't fall into that category so this isn't self serving) - by increasing the nations income from the tax dodgers perhaps for once they could give the working class a break (the people who actually do all the work for once).
More money in the pocket of our workers would be great - think of the increase in demand for goods/services from the population having a greater amount of disposable income.
We already tax people on low incomes far too much, via income tax, ciggies, booze, fuel, VAT etc - (I don't fall into that category so this isn't self serving) - by increasing the nations income from the tax dodgers perhaps for once they could give the working class a break (the people who actually do all the work for once).
More money in the pocket of our workers would be great - think of the increase in demand for goods/services from the population having a greater amount of disposable income.
Fair enough then
- as long as it's applied fairly & evenly (scorn at the incompetence).I do agree Labour screwed the pooch btw.
Avoid paying taxes, bank bailout, off-shored most of the jobs.
Yeah.... great....
Technology should be what we are investing in, not debt based parasitic banks.
The entire financial sector is nothing more than a parasitic industry - leeching value from the technology, services, retail & manufacturing sectors.
Petroleum Industry, but technically you are correct the Financial sector does contribute the most currently
source for those interested in the full report :-
http://217.154.230.218/NR/rdonlyres/68F49A7E-8255-415B-99A8-1A8273D568D9/0/TotalTax3_FinalForWeb.pdf
There is evidence to suggest it actually accelerated under the coalition.
Yes, or if no green light someone is still responsible.
whilst I agree with your sentiments here entirely, the fact still remains the the banking sector contribute the most to the coffers in way of corporation tax. I know lots of the banks got partly nationalised, but when the current depression turns and they return to profits and share prices go up agina the government of the day will turn a tidy profit on the sale of the shares back to the private sector.
of this I have no doubt, Tory mantra = tax the rich less and send the poor down the coal mines that haven't already been closed down by Thatcher ?
So someone needs to be getting their ass flogged for allowing it
Like we did with Northern Rock - oh wait
Osbourne should have lost his job on this one. I see no reason why they were in such a hurry to off-load them to Virgin before at least being able to realise the original purchase price ?
That's also part of the problem - they have bribed & lobbied the last 20 years of government to give them preference & allow them free reign (with a disastrous after-effect the tax payer has been hit for).
Labour & Tory's have both done this.
This preference is what has caused damage to the other sectors over the same period, which is why they are so dominant.
It's similar to the "rich pay more tax" argument - when they only pay more tax because they have all of the money - if the gap between the average worker and the millionaire was much smaller the poor would be paying a much greater proportion of the tax.
Because the banks have become too big & powerful they will always end up paying more of the tax.
Banks are meant to be financial facilitators - to facilitate the availability of capital in a capitalist system - unfortunately this has empowered them far too much.
The best metaphor for the banks & our capitalist system is the tail wagging the dog - banks are meant to assist the other industry's (the ones that actual do something useful for people) not dominate them.
I don't either. However I don't buy this argument that in a few years we'll make a massive profit from the other banks that were nationalised. Make no mistake, RBS and HBOS were basket cases, it'll be decades before the taxpayer stands to make a profit from them.
Even if no profit is made, the very least the government of the day should be looking to at least break even ? It is right when people say its easy to be irresponsible with other people's money, and successive government have all displayed that trait !
The system should be open and transparent. If large investment banks are to be given tax breaks then this should be properly legislated, rather than privately negotiated over tea and crumpets.
That doesn't mean they will sell them for a profit though does it? I think the Virgin / Northern Rock deal was the right decision given that there was a willing buyer.
Look at RBS, was it not at one point the most valuable bank in the World? Yet it's share price dropped over the course of a few years to a point valuing the bank virtually worthless. It just goes to show all the smoke and mirrors involved in banking.
It was irrational to me how these banks value grew exponentially over the last 2 decades, one great big ponzi scheme
just because there is a willing buyer does not mean you undersell it to offload it. If it wasn't other peoples money via taxation that they we using and it was actually money of private investors that sale would never have gone through. It is way to easy for governments to waste taxpayers money and say it is for the best.
