Scroungers, just scroungers, do you admire them?

[MrSmith]

A corporation isn't a group of people. It's a fiction. They don't 'spend' in the economy like people do. They make pre and post tax profits. People within the corporation get paid a salary. The salary is taken out as a cost before profits are posted. So in effect taxing profits doesn't change the spending power of people who work in corporations.

 

The company should pay tax on profits. Simple.

Most of these companies are owned by the people, (share holders) and share holders pay tax on the money they make. The more tax the company pays the less profit the shareholder makes so they have less to pay into the economy.

Taxing one group and giving that money to another group doesn’t contribute to the economy, benefits cheats are a net drain on the economy and contribute nothing, they just spend money that could have been spent by someone else.

[TJC1]

its not about tax, its the banks who are acting like trolls under the bridge, when the government prints billions of pounds they give it to the banks in the hope they will distribute that throughout the Monterey system. but as we all know they just hang on to it, so instead of those billions going around the system they are just sitting in the banks vaults being used by them to operate shady deals, (like libor). and of course the money laundering operation for the drugs barons. then the people in the (real economy) have to go to peer to peer lenders to get the funds they need to expand their own business.

Osborne and his ilk are in league with the banks to keep syphoning off this money to their supporters, thats why he and cameron are still in power. they have screwed the "recovery" right up. the worst triple dip recession in recent history. that takes some doing!!. but they are still in power (for now)

 

You're right. The fraud goes much deeper than tax. It's on a mass scale.

[I1L2T3]

Most of these companies are owned by the people, (share holders) and share holders pay tax on the money they make. The more tax the company pays the less profit the shareholder makes so they have less to pay into the economy.

Taxing one group and giving that money to another group doesn’t contribute to the economy, benefits cheats are a net drain on the economy and contribute nothing, they just spend money that could have been spent by someone else.

 

It could do. As an example if corporation tax take was increased by 10% meaning that 10% was no longer being funnelled off shore but instead spent on domestic infrastructure then it could be of enormous benefit to the economy.

[TJC1]

Most of these companies are owned by the people, (share holders) and share holders pay tax on the money they make. The more tax the company pays the less profit the shareholder makes so they have less to pay into the economy.

Taxing one group and giving that money to another group doesn’t contribute to the economy, benefits cheats are a net drain on the economy and contribute nothing, they just spend money that could have been spent by someone else.

 

But here's the problem with shareholders getting all that wealth and this is whats happened:

If only a small amount of people i.e. the shareholders are getting all the wealth, you are assuming these people spend all that money in the economy and do good things with the money when they don't.

Many are just sitting on an increasingly large pot of cash which grows and grows in off-shore accounts.

 

We could all be better off and spending money in the economy if it wasn't for corporate fraud / tax avoidance.

[MrSmith]

But here's the problem with shareholders getting all that wealth and this is whats happened:

If only a small amount of people i.e. the shareholders are getting all the wealth, you are assuming these people spend all that money in the economy and do good things with the money when they don't.

Many are just sitting on an increasingly large pot of cash which grows and grows in off-shore accounts.

 

We could all be better off and spending money in the economy if it wasn't for corporate fraud / tax avoidance.

 

It’s not a small group of people though, its insurance companies, pension funds, ordinary people that are the shareholders, anyone can buy shares and benefits from the profits of large companies.

[monkey69]

but what infrastructure? HS2. thats a white elephnat already, knocking 30 mins travel time off and do do that whats the estimate? 30,billion. you can bet that will double these things always do, and what about the time scale? twenty years or more before you can get off in leeds. its a huge waste, and who will pay the extra rail fare? of course joe public.

it would be much better to invest in our energy needs, we all need energy and the price is just sky rocketing. and what about our roads they are still the worst in northern Europe. we all use them why not spend on improving them for the good of everyone. and of course i am sure more people would be employed building them instead of a trainline

[MrSmith]

It could do. As an example if corporation tax take was increased by 10% meaning that 10% was no longer being funnelled off shore but instead spent on domestic infrastructure then it could be of enormous benefit to the economy.

 

Or it might just encourage them to move on or increase prices to make up the shortfall.

[erebus]

So shareholders have power to get the money from these thieving, corrupt corporations do they? Well not quite, as investing cost money, and charges tend to reduce profits. Playing with figures is fun, what can appear as profit, can with the stroke of a pen become a loss, and everyone looses in the finance game except the people running the show.

 

The game is simple, you get the money from insurance, pension funds and invest it....but ...you also invest your own funds too, so the lot is invested together.

 

Money like figures has no real identity and numbers are just that, so can be influenced. When its time to retrieve all the investments, where shares and things are bought and sold in microseconds, millions of trades, trading in complex ways, what comes out is money. A clever trader then separated their money from the rest, and with profits of course, to get those bonuses of course...silly. The losses well you get it, I mean the insurance and other outsider investors take the losses, and best of all, the silly organisations not only take the losses, but get charged a fee for every transaction as well. Taking sweets from babies is far more complex.

 

So its a game, where you, loose and the finance traders win. So who invest for you, or are you not a sucker and do it yourself? On the other hand just keep kidding yourself, and they care, and are honest, forget the fines, the frauds, underneath they really care.

[gnvqsos]

Apart from Corporate scroungers provide employment and stuff we like to buy, whilst benefit cheats contribute nothing at all.

 

They enable people who do the right thing to feel smug and self-righteous-this must be a very valuable contribution to the mental welfare of numerous drones.

[tinfoilhat]

So shareholders have power to get the money from these thieving, corrupt corporations do they? Well not quite, as investing cost money, and charges tend to reduce profits. Playing with figures is fun, what can appear as profit, can with the stroke of a pen become a loss, and everyone looses in the finance game except the people running the show.

 

The game is simple, you get the money from insurance, pension funds and invest it....but ...you also invest your own funds too, so the lot is invested together.

 

Money like figures has no real identity and numbers are just that, so can be influenced. When its time to retrieve all the investments, where shares and things are bought and sold in microseconds, millions of trades, trading in complex ways, what comes out is money. A clever trader then separated their money from the rest, and with profits of course, to get those bonuses of course...silly. The losses well you get it, I mean the insurance and other outsider investors take the losses, and best of all, the silly organisations not only take the losses, but get charged a fee for every transaction as well. Taking sweets from babies is far more complex.

 

So its a game, where you, loose and the finance traders win. So who invest for you, or are you not a sucker and do it yourself? On the other hand just keep kidding yourself, and they care, and are honest, forget the fines, the frauds, underneath they really care.

 

You've no idea how business works do you ?