EU referendum, brexit and the aftermath

That's an assumption that lowering CT

1 was the best way to create jobs w/o too many side-effects (no expert can't judge that...)
2 significantly lowered emigration (still happening to this day...young people are still leaving ROI and NI :/ )

But EU membership, definitely as it offers easy emigration if you can't find a job and the EU was instrumental in the Good Friday Agreement/gives lots of development cash back to ROI and NI, and gives NI a pot of money for peace.

Not advocating it but the alternative didn't work in the late 70's. All the big earners just f**ked off to the Netherlands. Is it an urban myth that the Rolling Stones are still tax registered as greengrocers in Holland?

How about we tax individuals and corporations

http://www.independent.co.uk/news/uk/politics/brexit-eu-citizens-rights-uk-referendum-theresa-may-blocked-plans-home-secretary-george-osborne-a7804461.html

There was this profile of May a while back, can't remember who posted it, which said that she was determined to be 'in it for the long haul' on immigration targets, and that she wouldn't waver, and this is probably the continuation of this.

How she ever expects to be taken even remotely seriously by European leaders is beyond me.

"Look at the size of my majority, I have a mandate from the British people.
...
Oh."

Well yes, I'd probably advocate that. It's hard to see how in a globalized world how you would practically go about obtaining similar tax revenues from the individuals connected to the corporate.

I was just pointing out that the point Airhead made wasn't about trickle down. It was changing where you tax in the chain.

I don't really have an ideological motivation to how you structure a tax policy. For eg it wouldn't concern me if you had a flat tax starting from £25k, if it netted a greater gain for the revenue and delivered higher living standards.

The problem is she is still in power (never mind what those say who claim she is 'in office, not in power' when she should have resigned immediately after the election.

I stopped reading at;

...George Osborne has revealed.

She will struggle to get anything contentious through parliament, especially Brexit related.

She's done. It's just a question now of how long she can cling to power.

For eg it wouldn't concern me if you had a flat tax starting from £25k, if it netted a greater gain for the revenue and delivered higher living standards.

I was originally going to post something sarcy along the lines of when pigs fly. But then I tried to imagine how this could happen. And it would be possible with a radical re-equalisation of salaries.

Which I guess is the same thing as pigs flying.

She will struggle to get anything contentious through parliament, especially Brexit related.

She's done. It's just a question now of how long she can cling to power.

Well, of course. In the meantime she's a block to progress, actively damaging the country, and possibly giving the Tories time to reorganise.

My point was just that those who say she's not really in power forgets that she still has the entire machinery of government at her disposal.

I don't really know how this works, but has there even been a vote on the prime minister in Parliament yet?

He's an arsehole, but is he incorrect here? Broken clocks and all that.

He should have stood up for immigrants BEFORE the vote result, not after...

Sorting out taxes in a global market...it's probably one of the bigger challenges of this time.

Money/some companies can move easily, most people not so much.

I've no idea where to start :)

It's hard to see how in a globalized world how you would practically go about obtaining similar tax revenues from the individuals connected to the corporate.

I agree. Although I don't accept that increasing tax on high earners would make them all leave the country, those that can already have - see non-doms.

The original post by Airhead was:

The economic theories that suggest taxing companies is pointless. You could instead focus on taxing the individuals who profit from the company which might result in the employees getting paid more

Reducing tax on companies so individuals can get paid more is the same flawed argument as that for 'wealth creators', one of the foundations of trickle down economics.

I read airhead's suggestion as tax the shareholders, rather than the employees.

The Government machine is going to be so tied up with Brexit that they'll have little time for anything else.

The Tories are caught between a rock and a hard place. They are deeply divided on Brexit so are papering over the cracks, but any deal brokered with the EU is going to expose that divide and see some of the party oppose it, as it's either too hard or too soft.

They know they need to get rid of May, but no-one believes they can unite the party so aren't prepared to challenge her.

They also know that if Brexit happens, the shock to 'hardworking families' will be very real, and then they'll be tainted by their association with Brexit and lose the next election.

It's a shit show.

To answer your vote question, a no confidence vote in the Government is possible, but with the DUP supporting them it's hard to see how the Tories lose that currently. It would require some of their MPs voting against the government, which won't go down well.

I do wonder how many people will leave as the economy tanks, taking their salary with them.

if it netted a greater gain for the revenue

Tax receipts, as a proportion of GDP, have remained pretty static since the war.

And before anyone says "Laffer Curve" - he's the dickhole that brought us trickle down economics

And before anyone says "Laffer Curve" - he's the dickhole that brought us trickle down economics

The argument is not about the existence of the Laffer Curve, but which side of the peak the country currently is. The Tories will claim that the current taxation level is beyond the peak so only reducing tax rates will increase revenue, the opposition will argue that the country is the other side of the peak.

Milanovic - Global Inequality has good writing about some of the tax issues raised, if anybody is looking a read.

That partly comes down to the skills you have and how transferable they are, and your personal situation, i.e. is it relatively easy for you to relocate.

If I was younger and didn't have kids I'd have gone by now, I think.

I need to sort out a couple of things then I may pull the trigger. Not yet decided, but Girona does seem very tempting.

Interesting hearing people discussing the Laffer Curve and emigrating in close proximity.

Thinking aloud here, but I wonder how much of the brain drain was a result of perception of the situation?

In my social bubble quite a few people are questioning their future in the UK. None in a positive "wouldn't it be cool to experience living abroad for a bit". Is that a reaction to the reality, or to the perceived reality? Does it matter?