Live Streams

MONDAY
7pm Geoffrey Dunstan
9pm Available Slot

TUESDAY
7pm Available Slot
9pm Delroy Henry

WEDNESDAY
6pm Anne Marie Waters
7pm The UK Freedom Alliance
9pm Jeremy Poole

THURSDAY
7pm Sandy Smith
9pm Dave Witcher

FRIDAY
7pm Jacqui Lowry
10pm Red Pill Movie Night

SATURDAY
6:30pm Shaun Morris
9pm Davey Russell

SUNDAY
12pm Katie-Jayne Swallow
7pm Alan Merritt
9pm Public Child Protection Wales

(Premium membership required)

Tory Loyalists Kidding Themselves Tax Hikes Won’t Happen

Tory Loyalists Kidding Themselves Tax Hikes Won’t Happen

Paul Goodman has a piece over at ConservativeHome speculating that an early election in 2023 could be part of a cunning plan to never implement the tax hikes Rishi scheduled yesterday.

“The Corporation Tax hike to 25%, due to happen that year, will no longer be needed.  The freezing of income tax allowances will go the same way.  And Sunak will be able to have another look at the other thresholds, allowances and exempt amounts he is also freezing.”

Ignoring the rumours that Rishi wanted to hike the tax this year and Boris over-ruled him, the one bit of good news for low tax Tories, the 130% super-deduction for capital expenses is why Guido thinks it is a delusion that Rishi doesn’t really intend to raise the tax burden. A 6 point hike in corporation tax rates from 19% to 25% in 2 years encourages finance directors to delay their firm making investments until they can take advantage of the higher deduction resulting from the higher headline corporation tax rate. The Treasury realises raising tax rates tomorrow postpones investment today.

The purpose of the 130% super-deduction for 2 years is to make that calculation for finance directors irrelevant, removing the cliff edge. 19 x 130% gives you 24.7 meaning the finance director has no accounting reason to delay making that capital investment. That is the real purpose of the super-deduction. It also signals that Rishi firmly intends to be the first Chancellor since Denis Healey to raise corporation tax.

0 Comments

Get involved!

Get Connected!
Come and join the conscious community and get to know new people!

Comments

No comments yet

Upgrade to Premium Membership

For just £3 a month you can upgrade to Premium Membership. You’ll get access to our daily live streams and the archive of previous live streams. The cost of providing this social network is 100% funded by the Premium membership fees we receive.

Standard members click here to upgrade to premium membership

Show your support

The monthly cost of providing this social network is 100% funded by the community that use it. Please consider an affordable donation to show your support.

Donate

Latest Community Photos

Latest Community Media

Pin It on Pinterest

Share This