There are more. I have a friend who is a solicitor who every Monday goes to help people with employer issues. And his job was made quite a bit more difficult, when out of nowhere, it was decided that employment tribunals favoured the 'frivolous' employee lawsuits, so laws were passed for it to be harder for workers to sue and easier for companies to deal with these things. You'd have thought the government hired business advisers or something.
Anyway that's him, there are more, and it's beside the point.
The point being that we are being sold dreams *again*. Lower the corporation tax and companies will come flooding in, they say. It's stated as if it is a law and that no risk is involved and that we may lose money in this venture. Short term loss < long term gain.
Who benefits in the short term? big corporations who have to please stocks holders, *right now*. Who loses now? well tax-payers obviously. Who gains long term? big business. Who gains long term? erm, maybe us, but tbh, we're competing with other countries, and they could go lower, or offer similar deals; we're not doing magic here. And do we even have a real idea how to fight that off? What is the failsafe on this deal btw? its not like we can go back up - We'd lose business by going back up. so once we go down, we pretty much cant go back up?
Instead of tightening up corporation tax laws, we've lowered it. And are going to be lowering it further. And we haven't just lowered it to be competitive, we are going to be one of the lowest amongst the top economies. Not only can we afford it, when we can't afford to keep libraries open, but its good for us, and our future.
They get a better and better deal, and we get a poorer and poorer dream.
