Quote:
Originally Posted by ianch99
Party as in the non-political definition
This just requires imagination & political will to achieve.
For example, a disaster capitalist buys a company to asset strip, laying off employees and impacting communities. A change in the law would not allow this without a balanced plan that compensates the other impacted parties.
Also, a company that trades in the UK, employs people in the UK and generates revenue & profit in the UK should pay tax in the UK.
And companies that trade in the fake free market should be legally compelled to invest, preferentially, in the infrastructure they manage over distributing profit to shareholders.
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So Mercedes vehicles produced outside the UK should pay UK company tax on vehicles that are sold in the UK. Doesn't work like that anywhere in the world. To begin with, how do they offset the costs of production in those countries? How would Apple offset the cost of producing an iPhone outside the UK, but sold in the UK? How would they offset the R&D costs.
Why should companies be forced to invest in "white elephants" just for the sake of it? The money paid out to shareholders gets invested, one way or another by those shareholders. They also get taxed on that income. They don't just stick it under the mattress, as seems the all too common belief.
