Scottish Referendum / Independence - Vol 5
Discussion
///ajd said:
these banks are bankrupt propped up by UK gov, this thread should be on mumsnet.wasteoftimeRidgemont said:
Bless. Pat Kane v Brian Wilson on newsnight discussing a glasgow games impact on the vote.
To paraphrase;
PK; wandering around the wonderful city I found a vibe that things are now possible and a national pride which bodes well for vote.
BW; oh f
k off. Can't we just enjoy the sport?
Scotland has immense national pride. And we don't need to hold a games or leave the UK to show it.To paraphrase;
PK; wandering around the wonderful city I found a vibe that things are now possible and a national pride which bodes well for vote.
BW; oh f
k off. Can't we just enjoy the sport?In reality LBG and RBS could move head quarters to London but still run there finance operations from Edinburgh safe guarding jobs etc (kind of like off shoring). However I think if these two firms wanted to move to the UK as it becomes then given they are doing it for support from the BoE there might be an argument for job creation down south etc also does a retaill market of 5.5m people really matter versus 400m people in the EU you can have as customers.
///ajd said:
If LBS and RBS base in UK, how do this affect government income (tax) from them?
Would all corp tax the goto rUK, not iScot? Would this change be significant for Scottish revenues - e.g those boasted about by SNP in GERS?
Not sure the government has got much corporation tax from them in most of the recent years Would all corp tax the goto rUK, not iScot? Would this change be significant for Scottish revenues - e.g those boasted about by SNP in GERS?
simoid said:
///ajd said:
If LBS and RBS base in UK, how do this affect government income (tax) from them?
Would all corp tax the goto rUK, not iScot? Would this change be significant for Scottish revenues - e.g those boasted about by SNP in GERS?
Not sure the government has got much corporation tax from them in most of the recent years Would all corp tax the goto rUK, not iScot? Would this change be significant for Scottish revenues - e.g those boasted about by SNP in GERS?
As an aside in case of RBS it pays tax to the goverment and whats left it pays in dividends to shareholders (less other costs) an in this case share holder is the UK goverment so win win for them.
Gecko1978 said:
Most banks look to transfer profits to low tax areas (where they incorporate) and losses to high tax areas. So the rUK would get the tax save local income tax's on staff (who in this scenario are now in rUK anyway). But as RBS has only just annouced a pre tax profit its not like the revenu has been racking it in.
As an aside in case of RBS it pays tax to the goverment and whats left it pays in dividends to shareholders (less other costs) an in this case share holder is the UK goverment so win win for them.
Is there much transactional tax in banking - e.g. like VAT in retail, but not VAT obviously. Insurance attracts some tax, and I guess tax on interest paid on deposits, which could be substantial? As an aside in case of RBS it pays tax to the goverment and whats left it pays in dividends to shareholders (less other costs) an in this case share holder is the UK goverment so win win for them.
///ajd said:
Is there much transactional tax in banking - e.g. like VAT in retail, but not VAT obviously. Insurance attracts some tax, and I guess tax on interest paid on deposits, which could be substantial?
Biggest amount might be PAYE from the staff?Thousands of employees at an average of perhaps £5k each PA.
simoid said:
///ajd said:
Is there much transactional tax in banking - e.g. like VAT in retail, but not VAT obviously. Insurance attracts some tax, and I guess tax on interest paid on deposits, which could be substantial?
Biggest amount might be PAYE from the staff?Thousands of employees at an average of perhaps £5k each PA.
Gecko1978 said:
In reality LBG and RBS could move head quarters to London but still run there finance operations from Edinburgh safe guarding jobs etc (kind of like off shoring). However I think if these two firms wanted to move to the UK as it becomes then given they are doing it for support from the BoE there might be an argument for job creation down south etc also does a retaill market of 5.5m people really matter versus 400m people in the EU you can have as customers.
But RBS is much much more than a retail clearing bank in Scotland!
calculations...
Edinburger said:
McWigglebum4th said:
A typical YES voter will be happy to see all those scummy bankers unemployed
And I will laugh my cock off if troll burger loses his job in a bank
But I don't and never have worked in a bank. And I will laugh my cock off if troll burger loses his job in a bank
You're a strange person.
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