Re: Deal before Year End?
Originally Posted by
Reality1
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Your link is to a proposal designed for multi-nationals trading in Europe. How is this a damaging loss of sovereignty to companies based exclusively in the UK? p.s. Of course now we have left we have no veto.
p.p.s Our corporation tax rates
are set by the UK government. Yes our idiot government would choose something like 19%
Face it there isn't any significant risk of loss of sovereignty. It was just more Brexit bullshit.
Our risk now is that we have no veto on EU policy. Yes the EU can change their rules in the future and we will have to suck it up or trade elsewhere in which case costs will go up quality will come down.
We still trade far more with EU than anywhere else in the world and that will continue for the foreseeable.
ps I'd love a "no deal" just for the fun of it but it won't happen because Bozo the liar hasn't got the bottle so our "no deal" preparations have been a complete waste of money.
pps I think we in Scotland will be fine whatever ....tick tock.
It's EU rules on taxation for companies that are registered in the European Union and its member states. If the UK is legally bound to it's level playing field then we would also come under this remit and have no say and no veto. This is not the UK being a sovereign nation.
When the UK corporation tax rate went down to 19%, tax revenues went up... if you knew what you were talking about you would know this. When corporation taxes increase, businesses leave - you can see a good example of this in the USA where large tech companies are leaving California in droves to take advantage of lower taxation in Texas. With the companies that leave also go jobs and economic growth.
We trade more with the rest of the world than we do the EU and our biggest trading partner as a country is the USA. The EU's biggest single market for trade is the UK and the biggest markets outside of it are the USA, China and India - none of which have trade deals with the EU.
Scotland has the Barnet formula - it's never been "OK".
If we do leave the EU with or without a deal, Scottish Independence is dead in the water. The SNP are already falling in the polls. There track record is utter failure. The only thing they are good out is pumping out propaganda and lies from the "Ginger Dwarf in the North".