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The Annual Chancellors Budget 2010 - discussion - How are YOU affected?

Discussion in 'Serious' started by Unicorn, 22 Jun 2010.

  1. iwog

    iwog Linux cursed

    14 Jun 2007
    Likes Received:
    So just think about how much more attractive it makes us for large multinationals to set up main HQ here and pay us the tax. If the 4% (14% proportional) cut results in a 15% increase in declared profits in the UK then actual tax revenues will increase. Multinationals have to pay their tax somewhere and the cost of shifting the tax burden to another country can be justified when the tax rate is that much lower.

    And I love this graph:

    Especially when you take into account most macro economic policies take at least 3-4 years to have an impact.

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