UK: The Budget

[robinbloke]

Exactly as I predicted; once again duty on spirits is frozen, so no increase in costs for vodka.

One thing I like about Mr.Brown, not much else mind you.

Comments

[davywavy.livejournal.com]

The reason he's done this is pretty simple: The overall tax take on larger companies remains pretty much stable, but he takes more out of the smaller organisations thus boosting overall take.
He's been told in no uncertain terms by HSBC and several other of the major banks that if he racks up their total tax liability they'll relocate from London to Zurich and he'd lose billions if that happened.

http://www.accountancyage.com/financial-director/features/2173294/haven-wait

[robinbloke.livejournal.com]

I knew the HSBC had threatened to move to the land of Ski slopes and chocolate (Who can blame them), the time zone straddling was another mitigating factor (I heard) for staying in the UK as you can catch the opening and closing of East/West markets as well.

Basically, more tax, no surprise there really.

Except on vodka :)

[puddingcat.livejournal.com]

Stop pretending to be an expert. You aren't.

Too pissed off for tact, here.

[jonnyargles.livejournal.com]

By 'he'd lose billions', of course, you mean us, as the recipients of said tax pounds.

(along with workshy pondscum, murdering somalis, polish builders for the olympics and americans for babykilling rockets)