Discussion
http://news.bbc.co.uk/1/hi/uk_politics/7536814.stm
Why is the Government's answer to everything is "increase Taxes"? Seems they have no imagination whatsoever. Not withstanding the fact that 70% of fuel cost is Tax anyway!!!
The only reason that oil companies are posting such large profits is because the market price for oil is high - which is outside of their control! Put it this way, if the Government forces oil companies to pay a windfall Tax then two things should be considered:
1) Clever accountants will work out ways of mitigating the Tax;
2) If the Government Taxes the profits of the oil companies when the oil price is (circa) $150 a barrel, will it bail out the oil companies with Tax payers money if the oil price drops to, say, $30 a barrel?
Why is the Government's answer to everything is "increase Taxes"? Seems they have no imagination whatsoever. Not withstanding the fact that 70% of fuel cost is Tax anyway!!!
The only reason that oil companies are posting such large profits is because the market price for oil is high - which is outside of their control! Put it this way, if the Government forces oil companies to pay a windfall Tax then two things should be considered:
1) Clever accountants will work out ways of mitigating the Tax;
2) If the Government Taxes the profits of the oil companies when the oil price is (circa) $150 a barrel, will it bail out the oil companies with Tax payers money if the oil price drops to, say, $30 a barrel?
If it continues they will just up-sticks and f
k off to a more tax friendly country, the few hundred million it will cost to relocate will be peanuts compared to the tax burden of staying in the UK long term.
Politics of envy, chav scum see these big numbers on corporation balance sheets, get jealous, and labour taxes the nuts off them to win a few votes.
we need a capitalist government as soon as bloody possible.
k off to a more tax friendly country, the few hundred million it will cost to relocate will be peanuts compared to the tax burden of staying in the UK long term.Politics of envy, chav scum see these big numbers on corporation balance sheets, get jealous, and labour taxes the nuts off them to win a few votes.
we need a capitalist government as soon as bloody possible.
They're going to push it too far, and it'll only be a matter of time before someone comes out very publically from one of these companies and tells everyone just how much of a windfall the Government made from the increased fuel prices, and why the cost of fuel is as high as it is
Speaking to one of my neighbours yesterday, he had no idea what sort of a takehome the Gov had on fuel and fuel related items, he'd just seen profits on the news and automatically assumed thats where all of his money had gone
Speaking to one of my neighbours yesterday, he had no idea what sort of a takehome the Gov had on fuel and fuel related items, he'd just seen profits on the news and automatically assumed thats where all of his money had gone
A cannot at all see any logical reason for a windfall tax. Yes a company like Shell is making allot of money through high oil prices but most of this is from elsewhere in the world. The profits they make from North Sea oil are already taxed at a far higher rate than would be payable by a normal company.
Similarly for Centrica (the parent co of BG) their finance director claims that they pay a tax rate of 75%.
In terms of a windfall the government is already forecast to receive double the tax revenue this year from the North Sea than last (£15bn rather than £7bn).
One cannot help but think that the clamour for a windfall tax is simply a diversion away from the fact that in part the current high utility bills have been caused by labour's own policies and lack of a proper energy policy.
Similarly for Centrica (the parent co of BG) their finance director claims that they pay a tax rate of 75%.
In terms of a windfall the government is already forecast to receive double the tax revenue this year from the North Sea than last (£15bn rather than £7bn).
One cannot help but think that the clamour for a windfall tax is simply a diversion away from the fact that in part the current high utility bills have been caused by labour's own policies and lack of a proper energy policy.
State theft on successful people and successful enterprises is the pinko way.
It provides more bribes to give away in handouts to core voters, more money to spunk up the wall on loony left projects, more salaries to pour down the drain in non-jobs for the comrades, and by reducing the net worth of individuals and businesses it helps with anti-corporatism and the general dumbing down and lowest common denominator aims of people who are themselves incompetent clueless muppets.
Vote labour, get sh!t (on). Should be obvious by now shirley.
It provides more bribes to give away in handouts to core voters, more money to spunk up the wall on loony left projects, more salaries to pour down the drain in non-jobs for the comrades, and by reducing the net worth of individuals and businesses it helps with anti-corporatism and the general dumbing down and lowest common denominator aims of people who are themselves incompetent clueless muppets.
Vote labour, get sh!t (on). Should be obvious by now shirley.
Why would you expect this Government to have Clue One about the corporate world? It formulates fiscal policy as a reaction to headlines. The reason they scrapped taper relief on capital gains tax was because of a story in the Socialist rag The Guardian that a cleaner paid more tax than the City boys in the offices she cleaned. After it was pointed out that scrapping of taper relief would mean owners of small businesses would see their pension hopes wiped out The Badger did a U-turn and brought in a 10% CGT rate for the first million pounds of capital gains. So, great news for property speculators who saved a fortune in CGT. Not quite what The Guardian and The Badger had in mind.
Edited by audidoody on Saturday 2nd August 11:16
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