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Why Are Labour And The Lib Non Dems So Desparate To Steal Money From Sucessful Companies?

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ToraToraTora | 14:54 Mon 16th May 2022 | News
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https://www.bbc.co.uk/news/uk-politics-61456268
They already pay an elevated level of corporation tax. The green eyed monster still seems to dominate their thoughts.

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the clue is in the headline
It wouldn't be not stealing.
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Nobs: They already pay 63% more corporation tax than most other companies why should they have more stolen from them? Windfall tax is an entirely insidious anti success measure that in reality would help very little anyway. The government has many better ways of increasing available revenue. Cutting costs for example.
If you read the link provided, at least some in the Tory government seem to be in favour of a windfall tax too.
unsurprisingly, different people would go about things in a different ways. Probably largely down to the different ethoses of the different parties. conservatives tend to err on the side of lower tax, whereas some other parties tend to err on the side of higher taxes. Didn't you know that TTT?
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yes I did know that bednobs but it's still puzzles me that they can think that way.
If you read to the end of this
https://www.bbc.co.uk/news/business-60295177
it suggests that in a number of recent years both Shell and BP had more paid out to them by the government than they paid in tax.
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In the 70s income tax top rate was 97%, why? it raised almost nothing but meant those that were earning it went abroad. That meant that they did not spend their wealth here and pay indirect tax or indeed employ anyone. Therefore the only reason for it must have been envy and chastisement of success which is why the left love income tax, but most of it is paid by basic rate tax payers, not the rich, that's their paradox.
well thats how voting works then - people who want to see low tax policies put in place can vote for the party who are willing to do that, and those who dont vote for others.
In fairness, when you're in opposition you can call for whatever you like - it isnt going to happen!
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yes nobs that explains why the Labour have been in power for only 23.9 years of their 120 year existence.
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122 years!
Once again, you don't count the Blair/Brown period.
Whatever you think of Blair's policies, they were elected under a Labour banner.
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even if you add Tory lite in it's still only 36 years out of 122. 68 for the Tories.
lol, you think the Tories want to take money from poor companies?
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jno: "lol, you think the Tories want to take money from poor companies? " - I have no idea what you mean by that, I have not mentioned poor companies and the Tories are not generally windfall thieves.
//...at least some in the Tory government seem to be in favour of a windfall tax too.//

But then they are not proper Tories, are they? They are what some describe as "Tory-lite". I prefer the term "socialists" and they've no business belonging to the Tory party, let alone being in a government formed by them.

What is the justification for a "windfall tax" on unexpected profits? Do companies get a "windfall grant" when they suffer unexpected losses? And what's the point of it anyway. Whatever is raised will only get lost in the noise or be completely wasted. When there's more money to spend, Civil Servants will find a way to spend it and it won't result in consumer's gas bills going down.

As above, the opposition can call for whatever it likes but when facing an 80 seat deficit they are unlikely to succeed. However, the Tories need to be careful. At the next election they will face three potentially effective opposition parties who, together, can deprive them of a majority. They have the Labour Party, who are professional opposers (because they've had lots of experience in that role); there are the LibDems, who will jump into bed with anybody who promises them the spare keys to No10 for five years; and there is Ms Sturgeon's mob, whose supporters seem to have taken leave of their senses. The Tories need to gel, start behaving like Tories and forget any notions of imposing further taxes on either people or businesses because at the moment many of their supporters (me included) have nobody to vote for and so probably won't bother.
I lover these repeated threads where everyone just repeats what they said before

( the politician Talleyrand is supposed to have said of them, “They have learned nothing, and they have forgotten nothing.” of Charles X 1816. )

but most of it is paid by basic rate tax payers, not the rich, that's their paradox. - no paradox, Tax 101
The set of people who pay the X tax is the 'tax base' for X
Clearly those paying basic rate is many more than the 97% sur tax

I will tax them until the pips squeak ( Healey ) - actually confiscatory taxation suddenly went out of fashion.
very popular with the voter
and we are back to the politics of envy

allpolitics is circular I conclude

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