Paphos People

The Paphos and District Information Site

It is currently Thu Mar 28, 2024 8:00 pm



All times are UTC + 2 hours [ DST ]


 



Post new topic Reply to topic  [ 8 posts ] 
Author Message
PostPosted: Sun Sep 04, 2016 6:59 pm 
Offline
Idol

Joined: Tue Mar 15, 2016 9:33 pm
Posts: 722
Our new PM is getting a bit of a grilling today....

Quote:
At the start of the G20 Summit, the Japanese government has taken the unprecedented step of warning of a series of corporate exits, "great turmoil" and harmful effects if Brexit leads to the loss of single market privileges.

An official Japanese government task force on Brexit, has collated views of big Japanese companies from car companies to banks and pharmaceutical companies that invest in the UK.


Full article here:

http://news.sky.com/story/japans-unprec ... t-10564585

_________________
Busy exploring England's green & pleasant lands since May 2016 after 12yrs in Cyprus.
There appears to be a misapprehension I run a photography business... it's my passion as a hobby.
I sell and buy postage stamps!


Top
 Profile  
 
PostPosted: Sun Sep 04, 2016 8:02 pm 
Offline
Rock Star

Joined: Sun Sep 27, 2015 8:41 pm
Posts: 1050
I think we should thank the Japanese government for the advance warnings.

Can you imagine what a mess the UK would be in if there were corporate exits, turmoil and harmful effects which occurred without any advance warning? I dread to think.

Or maybe the three Brexit musketeers have already factored into their planning the effects that Japan is talking about. In which case we can sleep easy knowing that Boris, David and the other one, whose name escapes me, have every thing under control.


Top
 Profile  
 
PostPosted: Sun Sep 04, 2016 8:33 pm 
Offline
Master

Joined: Wed Jan 16, 2008 11:23 pm
Posts: 414
Location: Peyia
Corporation Tax EU 30%. Corporation Tax UK 20% and going down to 15%. Wait till Japan does this report the other way on its ability to do profitable business in the EU if it left the UK. The EU only has five or seven years at the most and it will be gone - the Japanese know this.

This report was produced in July and many organisations previously predicting gloom and doom have revised their forecasts. The hand of Soros and the EU no doubt.

_________________
Clive of Payia


Top
 Profile  
 
PostPosted: Sun Sep 04, 2016 9:20 pm 
Offline
Rock Star

Joined: Mon Oct 31, 2011 6:03 pm
Posts: 1363
Location: Pegeia
I think you'll find that EU countries set their own corporation tax rates and many are below 30%. Cyprus for example is 12 1/2 %. The UK's is set to go to 18% in 2020.


Top
 Profile  
 
PostPosted: Mon Sep 05, 2016 4:46 am 
Offline
Master

Joined: Wed Jan 16, 2008 11:23 pm
Posts: 414
Location: Peyia
The £11 billion Apple ruling by the EU means that the Republic of Ireland has a choice between low company taxes or EU membership.
Councillor David Jones of UKIP has said that he does not believe the Irish Republic will be able to remain long-term in the EU after the ruling that Apple must pay £11 billion in company taxes avoided in Ireland. EU moves to impose a common consolidated corporate tax base will mean that it would be uneconomic and impossible for the Irish Republic to remain in the EU.

“The ruling by the EU that the Irish Republic has to recover £11 billion from Apple, demonstrates that, as far as Ireland is concerned, it is a choice between low company taxes and EU membership. The EU is going for high company tax, but Ireland survives by attracting firms with low company taxes.”

“The EU common consolidated corporate tax base (CCCTB) proposals were originally launched in 2011, re-launched in 2015 and a mandatory proposal was introduced in 2016. The most likely level for an EU-wide corporate tax band would be about 30%. Currently, Germany has a corporate tax rate of between 30% in Berlin to 33% in Munich. In France, corporate tax is levied at 33.2%, in Italy it is levied at 31.4% and in Spain, it is 25%. In the Irish Republic the level is only 12.5% and this has been reduced to only 6.25% for companies engaged in innovation based on home-grown Irish intellectual property and involved in export. Clearly, if Ireland were to conform to an EU common corporation tax rate, it would drive many businesses out of Ireland, lead to mass unemployment and an economic slump. So if the CCCTB goes ahead, as is now likely with the UK’s Brexit, then Ireland will have to leave the EU to survive.”
“In any case, only 39% of the Irish Republic’s trade is with the EU, while 61% of it is with Britain, the USA and the rest of the world. So the Republic will eventually face the dilemma – where does most of our trade lie? The official figures also mask some major tax moves. How much of the £34 billion of services imported each year from the EU, for example, is tied up with company tax headquarters based in Dublin buying services from within the same company operating elsewhere in the EU? The same applies to the annual import of services totalling £22 billion a year from the USA. So possibly Ireland’s trading future actually lies outside the EU.”
“Now that the UK is liberated by Brexit from any possibility of this EU common corporate tax rate, perhaps the UK should be looking to establish a Commonwealth free trade area, a commonwealth that the Irish Republic could easily re-join and benefit from. They would be welcomed with open arms. It is, after all, from an Irish Republican point of view, the Commonwealth not the British Commonwealth. They could even join the Sterling area, with all its new–found export advantages, and free themselves from the dangers of remaining in the ticking time-bomb that is the Euro.”

Unqualified, unelected EC bureaucrats are yet again chasing away world-wide multinationals that could bring significant numbers of jobs to EU countries.

Ireland’s finance minister, Michael Noonan, said Europe had overstepped the mark in attempting to dictate tax laws and enforce current laws on a tax deal with Apple that had been struck 25 years ago.

Aren't you glad we voted to Leave.

_________________
Clive of Payia


Top
 Profile  
 
PostPosted: Mon Sep 05, 2016 7:13 am 
Offline
Top of the pops
User avatar

Joined: Thu Jan 03, 2008 8:08 pm
Posts: 11399
Location: Kallepia, Pafos.
The EU is either doomed to break up economically or have a massive Reich style vice across it. I prefer the former. Regarding Japan. So what!

Britain will find its own way forward and the less interference by banks (especially foreign ones) the better.

_________________
Straight talking, no Gimmicks.

Live your dreams.


Top
 Profile  
 
PostPosted: Mon Sep 05, 2016 9:02 am 
Offline
Star

Joined: Tue Nov 17, 2009 10:22 am
Posts: 844
tanny wrote:
..... Regarding Japan. So what!



I suppose you can make that comment when it's not your job on the line.

Jim


Top
 Profile  
 
PostPosted: Mon Sep 05, 2016 9:28 am 
Offline
Star

Joined: Fri Apr 06, 2012 9:53 am
Posts: 759
Location: Lasa
After WW2, the broken Japanese and German economy advanced because of US money. The US being the only economy that actually made money during and after WW2.
The Japs where very good at copying and improving existing western designs, especially in electronics.
Now its different and even the Japs use China to make their products

_________________
Dave


Top
 Profile  
 
Display posts from previous:  Sort by  
Post new topic Reply to topic  [ 8 posts ] 
Paphos people botton - viewtopic_body


All times are UTC + 2 hours [ DST ]


Who is online

Users browsing this forum: No registered users and 3 guests


You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot post attachments in this forum

Search for:
Jump to:  

Kapnos Airport Shuttle



Powered by phpBB® Forum Software © phpBB Group