|
|
Post by Red Rackham on Mar 14, 2023 20:28:38 GMT
The OECD (Organisation for Economic Co-operation and Development) as far as most people in this country are concerned is a little known organisation. However, I just heard Jacob Rees-Mogg say the OECD have reached agreement that corporation tax will be a minimum of 15% across the world. My ears immediately pricked up. I thought the OECD was a Paris based think tank, not a global government. We have just got out of the EU who used to make rules for us, are we now accepting rules from some French think tank? It will be interesting to see how Chancellor Hunt handles this. He is reportedly a fan of the OECD as is Sunak, and corporation tax is due to increase from 19% to 25%. Yet Hunt has previously stated that he favours a 12½% corporation tax to encourage growth which would be great for UK Plc. So which way will Hunt go. Will he do what's best for UK Plc, or will he choose globalism. www.oecd.org/tax/international-community-strikes-a-ground-breaking-tax-deal-for-the-digital-age.htm |
|
|
|
Post by bancroft on Mar 14, 2023 21:36:31 GMT
From their website - www.oecd.org/about/The Organisation for Economic Co-operation and Development (OECD) is an international organisation that works to build better policies for better lives. Our goal is to shape policies that foster prosperity, equality, opportunity and well-being for all. We draw on 60 years of experience and insights to better prepare the world of tomorrow.Together with governments, policy makers and citizens, we work on establishing evidence-based international standards and finding solutions to a range of social, economic and environmental challenges. From improving economic performance and creating jobs to fostering strong education and fighting international tax evasion, we provide a unique forum and knowledge hub for data and analysis, exchange of experiences, best-practice sharing, and advice on public policies and international standard-setting.Sounds like influencers rather than a group with real power unless you know something else? |
|
|
|
Post by Red Rackham on Mar 14, 2023 22:26:00 GMT
From their website - www.oecd.org/about/The Organisation for Economic Co-operation and Development (OECD) is an international organisation that works to build better policies for better lives. Our goal is to shape policies that foster prosperity, equality, opportunity and well-being for all. We draw on 60 years of experience and insights to better prepare the world of tomorrow.Together with governments, policy makers and citizens, we work on establishing evidence-based international standards and finding solutions to a range of social, economic and environmental challenges. From improving economic performance and creating jobs to fostering strong education and fighting international tax evasion, we provide a unique forum and knowledge hub for data and analysis, exchange of experiences, best-practice sharing, and advice on public policies and international standard-setting.Sounds like influencers rather than a group with real power unless you know something else? Just a thought, but did you notice the link? |
|
|
|
Post by Pacifico on Mar 14, 2023 22:41:53 GMT
The Government have already said they fully support the OECD plans - hence the jump in corporation tax from 19pc to 26pc which is going to cripple investment and growth in the UK.
|
|
|
|
Post by Red Rackham on Mar 15, 2023 0:18:03 GMT
The Government have already said they fully support the OECD plans - hence the jump in corporation tax from 19pc to 26pc which is going to cripple investment and growth in the UK. Well it's not confirmed yet is it. JRM seems to think Hunt will not increase it, on the other hand, Sir John Redwood thinks he will. And I agree, 26% is hardly going to make the UK an attractive option. We'll see. |
|
|
|
Post by Orac on Mar 16, 2023 9:07:09 GMT
The notion is to remove competition - ie the thing that makes capitalism work
|
|
|
|
Post by thescotsman on Mar 16, 2023 9:39:58 GMT
The Government have already said they fully support the OECD plans - hence the jump in corporation tax from 19pc to 26pc which is going to cripple investment and growth in the UK. Well it's not confirmed yet is it. JRM seems to think Hunt will not increase it, on the other hand, Sir John Redwood thinks he will. And I agree, 26% is hardly going to make the UK an attractive option. We'll see. ....whilst I suppose the headline figure looks a lot I'm just wondering that with all the off-sets allowed.... how much the actual amount will be...I assume there are a truck load of qualifying deductions which massively reduce this figure?
|
|
|
|
Post by bancroft on Mar 16, 2023 13:08:47 GMT
From their website - www.oecd.org/about/The Organisation for Economic Co-operation and Development (OECD) is an international organisation that works to build better policies for better lives. Our goal is to shape policies that foster prosperity, equality, opportunity and well-being for all. We draw on 60 years of experience and insights to better prepare the world of tomorrow.Together with governments, policy makers and citizens, we work on establishing evidence-based international standards and finding solutions to a range of social, economic and environmental challenges. From improving economic performance and creating jobs to fostering strong education and fighting international tax evasion, we provide a unique forum and knowledge hub for data and analysis, exchange of experiences, best-practice sharing, and advice on public policies and international standard-setting.Sounds like influencers rather than a group with real power unless you know something else? Just a thought, but did you notice the link? Not sure what is wrong about the link yet would like to know if they consider themselves a supra-national entity and how they are funded. Has the feel of the UN though no links that I can see. |
|
|
|
Post by Orac on Mar 16, 2023 13:18:04 GMT
Just a thought, but did you notice the link? Not sure what is wrong about the link yet would like to know if they consider themselves a supra-national entity and how they are funded. There are a crowd of these bizarre organisations They certainly seem to believe they are (more or less) a world government and are the legitimate, permanent rulers of the human race. Given many of the people involved in these organisations seem to have the sort of personality disorders that allow them to live in self indulgent dream worlds, the only way to disabuse them of this notion may be some form of figurative 'blunt force trauma' - ie their arrest or defunding or similar |
|
