[Politics] The General Election Thread

[highflyer]

Can you elaborate on this funding for such a venture, via Corporation Tax from the big boys?

https://www.thetimes.co.uk/edition/...-tax-out-of-apple-amazon-and-google-6dr625t7s

 

[theonlymikey]

Can you elaborate on this funding for such a venture, via Corporation Tax from the big boys?

"3,809 UK tax evasion cases were heard in the last financial year (2017-2018), the tax evaded in these cases was around £37 billion altogether2

https://www.patrickcannon.net/insights/uk-tax-evasion-statistics/

There's a start.

Now lets look at the Legal avoidance.

UK by far the biggest enabler of global corporate tax dodging, groundbreaking research finds

https://www.independent.co.uk/news/...-havens-justice-network-dodging-a8933661.html

"But an index published today by the Tax Justice Network found that the UK has “single-handedly” done the most to break down the global corporate tax system which loses an estimated $500bn (£395bn) to avoidance."

There's another way to raise it.

It has other benefits too. Through business rates, and taxes, small to medium business in the high street pay a higher rate of ta than multi nationals.

It's a disgrace, and has hand in the destruction of our high streets.

 

[theonlymikey]

How will giving out free broadband stop the country from crumbling? Surely there are much higher priority things that need sorting out first? Food banks for a start, or will they start doing online ordering and deliveries?

It was clearly a comment into rejecting overall happiness as a whole by voting for the conservatives. But thanks for your unhelpful and facetious input. Appreciate it.

 

[highflyer]

https://www.thetimes.co.uk/edition/...-tax-out-of-apple-amazon-and-google-6dr625t7s

The paper (itself based on a large body of work) on which Labour is basing it's approach is here:

https://pop-umbrella.s3.amazonaws.c...b-a90c-4a1146f4a342_Taxing Multinationals.pdf

While it is obviously preferable to implement on a global basis, there are certainly ways to begin adopting unilaterally, and other countries have done so.

How much can be raised is open to endless, and frank'y very dull, debate. If anyone says they know...they don't know. It isn't easy, but worth noting that the Tories are making spending pledges while also promising to reduce corporation tax and introduce new tax breaks for companies (that is what they mean by things like 'freeports' and 'incentives to encourage R and D').

 

[Fitzcarraldo]

How will giving out free broadband stop the country from crumbling? Surely there are much higher priority things that need sorting out first? Food banks for a start, or will they start doing online ordering and deliveries?

It'll mean people will have easier access to further education. It'll mean people can apply for work. It'll mean people can make sure they get the correct payment from the wholly online Universal Credit system (or whatever it's successor will be called). All of which will help ensure that people no longer need to use food banks.

 

[theonlymikey]

It'll mean people will have easier access to further education. It'll mean people can apply for work. It'll mean people can make sure they get the correct payment from the wholly online Universal Credit system (or whatever it's successor will be called). All of which will help ensure that people no longer need to use food banks.

You're wasting your time. Some people have decided authoritarianism and lack of opportunity is a GOOD thing.

 

[Springal]

Why not give the country free gas & electric ?

 

[Weststander]

The paper (itself based on a large body of work) on which Labour is basing it's approach is here:

https://pop-umbrella.s3.amazonaws.c...b-a90c-4a1146f4a342_Taxing Multinationals.pdf

While it is obviously preferable to implement on a global basis, there are certainly ways to begin adopting unilaterally, and other countries have done so.

How much can be raised is open to endless, and frank'y very dull, debate. If anyone says they know...they don't know. It isn't easy, but worth noting that the Tories are making spending pledges while also promising to reduce corporation tax and introduce new tax breaks for companies (that is what they mean by things like 'freeports' and 'incentives to encourage R and D').

Genuinely interesting stuff, thank you.

Which countries have successfully implemented this so far? I’d like to read up on the effects, for example, on the well known usual multinationals that take the ‘p’.

 

[Bold Seagull]

Why not give the country free gas & electric ?

Rhetorical right? I hope so.

 

[Springal]

Rhetorical right? I hope so.

Or water. They are more of a burden on households than broadband I imagine

 

[KZNSeagull]

It'll mean people will have easier access to further education. It'll mean people can apply for work. It'll mean people can make sure they get the correct payment from the wholly online Universal Credit system (or whatever it's successor will be called). All of which will help ensure that people no longer need to use food banks.

How? I am assuming that the genuinely poor people who use food banks cannot afford laptops, tablets or smart phones as they are not basic needs as per your previous post, so how will this help?

 

[JC Footy Genius]

Why not give the country free gas & electric ?

Wait for the Labour manifesto launch .... lots more 'free' stuff on the way.

 

[Pretty pink fairy]

Any news on the latest Polls
Regards
DL

 

[JC Footy Genius]

You're wasting your time. Some people have decided authoritarianism and lack of opportunity is a GOOD thing.

Says a Middlesborough supporter with the most posts on an election thread on a forum ....

 

[beorhthelm]

It'll mean people will have easier access to further education. It'll mean people can apply for work. It'll mean people can make sure they get the correct payment from the wholly online Universal Credit system (or whatever it's successor will be called). All of which will help ensure that people no longer need to use food banks.

thats a good case for universal service to a decent standard. now, explain the case for superfast fibre broadband to every home and business, for free.

 

[Bold Seagull]

Or water. They are more of a burden on households than broadband I imagine

So let's get this clear, Broadband isn't some altruistic notion of 'giving' the people something, it is proven through various global studies that a connected society is more productive, stimulates the economy and proves to be a good investment. There isn't anything radical about Labour's approach other than nationalising Openreach (not the whole of BT). Investment in Broadband, in whatever form will return to the economy and prepare the population as a whole for digital progress, education, training and whatever else.

Utilities are consumables that need rates and charges to restrict their use. We all need to use less energy. Broadband eventually will help with that when we develop smart energy when our appliances can switch off their need for power at peak times etc.

 

[Springal]

So let's get this clear, Broadband isn't some altruistic notion of 'giving' the people something, it is proven through various global studies that a connected society is more productive, stimulates the economy and proves to be a good investment. There isn't anything radical about Labour's approach other than nationalising Openreach (not the whole of BT). Investment in Broadband, in whatever form will return to the economy and prepare the population as a whole for digital progress, education, training and whatever else.

Utilities are consumables that need rates and charges to restrict their use. We all need to use less energy. Broadband eventually will help with that when we develop smart energy when our appliances can switch off their need for power at peak times etc.

What about the independents building out fibre to areas Openreach aren’t? Talk Talk, Sky, smaller players like CityFibre, Gigaclear etc

There is no way a nationalisation in this area is feasible or a good idea.

 

[theonlymikey]

Wait for the Labour manifesto launch .... lots more 'free' stuff on the way.

It currently costs people £300.00 a year for line rental and BB. I'm sure most people would prefer to pay a lot less or nothing when their money is ALREADY going towards dividends to private share holders for something nearly everybody now considers a necessity.

As apposed to the alternative, £5bn of tax payers money subsidising the network upgrade only for the PROFITS to go back to PRIVATE SHAREHOLDERS through DIVIDENDS. The TORIES are constantly giving YOUR money away to PRIVATE SHAREHOLDERS.

 

[CHAPPERS]

[tweet]1195325706705739777[/tweet]

 

[highflyer]

Genuinely interesting stuff, thank you.

Which countries have successfully implemented this so far? I’d like to read up on the effects, for example, on the well known usual multinationals that take the ‘p’.

Brazil I believe - page 11 of document here here and you'll probably find the whole document helpful if you are genuinely interested.

India is also looking at doing something unilaterally, see here and has also been leading the push for this to become a global system. As well as going alone what Labour has done is pledge to work with countries seeking to make such changes rather than seek to block on the justification of (false) self-interest.