dvp82 Posted October 10, 2014 Share Posted October 10, 2014 So you say, but offer no explanation to support you view Using your idea of 50% tax on turnover. Business ABC has a turnover of £2 billion and makes a healthy 10% profit for the year of £200 million. Business ABC still gets hit with a £1 billion turnover tax bill and using all it's profits towards paying it's turnover tax bill, it still has to find an extra £800 million. Business ABC would have to have a profit margin of 50% just to cover it's tax bill. Link to comment Share on other sites More sharing options...
Mecky Posted October 10, 2014 Share Posted October 10, 2014 Using your idea of 50% tax on turnover. Business ABC has a turnover of £2 billion and makes a healthy 10% profit for the year of £200 million. Business ABC still gets hit with a £1 billion turnover tax bill and using all it's profits towards paying it's turnover tax bill, it still has to find an extra £800 million. Business ABC would have to have a profit margin of 50% just to cover it's tax bill. So you keep saying ---------- Post added 10-10-2014 at 11:46 ---------- Well you are somewhat expert in moving them it must be said... To show the fallacy of your arguments Ah the cant of the closed minded.... ---------- Post added 10-10-2014 at 10:29 ---------- It's already been done above Mecky.... the bit about inflation for a start... So you keep saying Link to comment Share on other sites More sharing options...
dvp82 Posted October 10, 2014 Share Posted October 10, 2014 So you keep saying ---------- Post added 10-10-2014 at 11:46 ---------- So you keep saying So I did actually give you a reason as to why tax on turnover just wouldn't work. Where does business ABC get £800 million from to make up the short fall. What do you think happens to prices we all pay if business had to make a 50% profit just to cover it's tax bill. Link to comment Share on other sites More sharing options...
Obelix Posted October 10, 2014 Share Posted October 10, 2014 So you keep saying ---------- Post added 10-10-2014 at 11:46 ---------- So you keep saying So since you are bereft of argument I think it's clear that the "mecky 50% turnover tax" isn't going to work adn it can be quietly dropped..... Link to comment Share on other sites More sharing options...
Mecky Posted October 10, 2014 Share Posted October 10, 2014 So since you are bereft of argument I think it's clear that the "mecky 50% turnover tax" isn't going to work adn it can be quietly dropped..... Yeah yeah here's some news for you http://www.bbc.co.uk/news/business-29566009 Link to comment Share on other sites More sharing options...
Obelix Posted October 10, 2014 Share Posted October 10, 2014 Yeah yeah here's some news for you http://www.bbc.co.uk/news/business-29566009 Start a new thread Mecky instead of clogging this one up. Link to comment Share on other sites More sharing options...
Mecky Posted October 10, 2014 Share Posted October 10, 2014 Start a new thread Mecky instead of clogging this one up. This is a thread about the conservatives. The article is relevant because the conservatives are currently in government trying to run the country. The econonomy is relecant because it is linked to the country and influenced by government. Link to comment Share on other sites More sharing options...
purdy Posted October 10, 2014 Share Posted October 10, 2014 (edited) Yeah yeah here's some news for you http://www.bbc.co.uk/news/business-29566009 This is a thread about the conservatives. The article is relevant because the conservatives are currently in government trying to run the country. The econonomy is relecant because it is linked to the country and influenced by government. Yes its good news that we are doing so much better than the rest of the G7. We have a lot to thank George Osbourne for. What a pity we weren't ahead of the game when the world economy took a dip 6 years ago. We might have avoided the austerity altogether. But that's Gordon Brown for you. http://www.thisismoney.co.uk/money/markets/article-2783619/Britain-s-economy-outstrip-rest-developed-world-year-IMF-forecasting-3-2-growth-2014.html UK economy set to outstrip rest of developed world as IMF forecasts 3.2% growth for 2014 and 2.7% next year Britain will be the fastest growing major economy in the developed world this year as it finally puts the financial crisis behind it, global experts declared today. The International Monetary Fund forecast growth of 3.2 per cent in Britain in 2014 – outstripping the rest of the G7 including the United States, Germany and France. Edited October 10, 2014 by purdy Link to comment Share on other sites More sharing options...
poppet2 Posted October 10, 2014 Share Posted October 10, 2014 Yes its good news that we are doing so much better than the rest of the G7. We have a lot to thank George Osbourne for. What a pity we weren't ahead of the game when the world economy took a dip 6 years ago. We might have avoided the austerity altogether. But that's Gordon Brown for you. Osborne today warned of the triple set recession. Is this Gordon Brown's fault as well!!? http://www.telegraph.co.uk/finance/economics/11154749/Eurozone-recession-is-biggest-risk-to-UK-says-George-Osborne.html Link to comment Share on other sites More sharing options...
Mecky Posted October 11, 2014 Share Posted October 11, 2014 Osborne today warned of the triple set recession. Is this Gordon Brown's fault as well!!? http://www.telegraph.co.uk/finance/economics/11154749/Eurozone-recession-is-biggest-risk-to-UK-says-George-Osborne.html Osborne doesn't have to warn, we all things are not what we're being told anyway and have done for some time. It's like these chumps on here, they ask me questions but they don't like the answers. Even if they sometimes agree with me, no matter what answer I give they'll always say I wrong, but offer no alternative themselves. Link to comment Share on other sites More sharing options...
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