BREXIT

[VNA]

Its just been announced that Dyson is the 3rd highest tax payer in the UK at £127.8M.

That is as an individual.

Like I pointed out earlier he is still a UK tax payer.

And if resident in the UK will continue to be so.  However, as a majority shareholder in Dyson, his tax bill in the UK will now be slashed as his company has moved to Singapore.

What is strange is that remainers seem to rejoice if a company says they are moving and if that move is damaging then better it is in their eyes.

Just because we are correct, does not mean to say we take any pleasure in job losses etc, after all we are just as likely to lose our jobs a result of BREXIT as anybody else.  Nor do I take any pleasure whatsoever in being poorer as a result of the BREXIT referendum – I can assure you!

After a NO deal we will be free to create more competitive environments than the EU has.

I think we would be better trying to get the great many companies who dodge their taxes to actually pay them, rather than drop the rates that so many don’t pay.  Of course the EU is already looking at legislation aimed at stopping companies from ducking their tax obligations.  Which of course is one of the reasons that the super rich like Jacob Rees-Mogg want out.

In or out these companies do not care about the man on the street

Some do, some don’t.  However, their legal obligation is to their shareholders.  They also exist to make a profit, and indeed can only survive and succeed in the long term if they turn a profit.  At the end of the day if there was a NO DEAL BREXIT (still a possibility, albeit an increasingly remote one) companies like Toyota, Honda, Nissan will leave the UK along with a host of other manufacturing companies.  The reason companies like Toyota, Honda and Nissan came to the UK was to avoid import quotas and tariffs.  They set up shop here so they could manufacture inside the EU single market.