Jason Bourne Posted November 18, 2013 Share Posted November 18, 2013 You're the idiot that came up with the above idea. Nothing to do with anything I posted so why not wind your neck in and visit some other thread !! I thought all you hate-filled right-wingers were in favour of eugenics and compulsory sterlisation? Make your mind up, eh? You're beginning to sound like a wishy-washy liberal Link to comment Share on other sites More sharing options...
brianthedog Posted November 18, 2013 Share Posted November 18, 2013 If ALL the Greedy bankers went overeas and closed ALL their branches here, then: (1) they'd still lend us money, so we won't be missing out on that. (2) They would still would little to no tax as they do anyway, so we won't be missing out on much. On the other hand, if MOST Greedy bankers went overseas and MOST branches closed, then the remaining banks who chose to stay in the UK would be more likely to get all our remaining business and money. So please, tell us simple Sheffielders where we are going wrong. Please tell us what YOU think. If all UK operating banks were based overseas where do you think they'd be paying tax? So where do you think Miliband would be getting his bank tax receipts from? I told you what I thought of this. It's utterly moronic. Link to comment Share on other sites More sharing options...
I1L2T3 Posted November 18, 2013 Share Posted November 18, 2013 You've not said what would happen if banks did leave though. You may not think it will happen, but it would be sensible to assume it may... I do love threads in which greedy bankers are mentioned. True to form, there's always some random capitalisation in there. Then what followers is generally a diatribe which says nothing other than the authors complete and utter ignorance about the role banks play in society. I can see this one's shaping up nicely already... Good Lord! The role of bankers in society. Pass me a box of tissues so I can weep some tears of joy over the good they do for us all. Link to comment Share on other sites More sharing options...
Jason Bourne Posted November 18, 2013 Share Posted November 18, 2013 If all UK operating banks were based overseas where do you think they'd be paying tax? So where do you think Miliband would be getting his bank tax receipts from? I told you what I thought of this. It's utterly moronic. Oh dear, dear, dear, you're assuming that Miliband's gonna be PM? Are you're calling my ideas utterly mornonic Please let's just leave it there, before I'm forced to retaliate with a selection of these smilies: Link to comment Share on other sites More sharing options...
brianthedog Posted November 18, 2013 Share Posted November 18, 2013 Oh dear, dear, dear, you're assuming that Miliband's gonna be PM? Are you're calling my ideas utterly mornonic Please let's just leave it there, before I'm forced to retaliate with a selection of these smilies: He could only enact a policy as PM... Link to comment Share on other sites More sharing options...
I1L2T3 Posted November 18, 2013 Share Posted November 18, 2013 If all UK operating banks were based overseas where do you think they'd be paying tax? So where do you think Miliband would be getting his bank tax receipts from? I told you what I thought of this. It's utterly moronic. Bank operating licences are issued by UK authorities. Quite simply a retail bank that wants to operate here but refuses to have any base here can have its operating licence revoked. Investment banks. Let them go if they want. Link to comment Share on other sites More sharing options...
brianthedog Posted November 18, 2013 Share Posted November 18, 2013 Bank operating licences are issued by UK authorities. Quite simply a retail bank that wants to operate here but refuses to have any base here can have its operating licence revoked. Investment banks. Let them go if they want. Can have their licenses revoked. But I doubt even Miliband in pursuit of his socialist utopia would rescind all licenses. Link to comment Share on other sites More sharing options...
I1L2T3 Posted November 18, 2013 Share Posted November 18, 2013 Can have their licenses revoked. But I doubt even Miliband in pursuit of his socialist utopia would rescind all licenses. If it's a socialist utopia he's after he could just nationalise the banks. Link to comment Share on other sites More sharing options...
geared Posted November 18, 2013 Share Posted November 18, 2013 Bank operating licences are issued by UK authorities. Quite simply a retail bank that wants to operate here but refuses to have any base here can have its operating licence revoked. Investment banks. Let them go if they want. Surely if they 'all leave' but still continue to do business with our economy/currency then just bring in an overseas bank tax or some other kind of levy? Link to comment Share on other sites More sharing options...
I1L2T3 Posted November 18, 2013 Share Posted November 18, 2013 Surely if they 'all leave' but still continue to do business with our economy/currency then just bring in an overseas bank tax or some other kind of levy? The Treasury/BofE could do loads of things to influence the behaviour of the banks. In practical terms banks need to operate here. There is hundreds of billions of pounds of government spend, tens of millions of retail customers and millions of businesses, trillions of transactions every year. People are seriously trying to say the banks would up sticks and try and operate all that from foreign bases, without paying tax here either? Idiots. Link to comment Share on other sites More sharing options...
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