Personally I like the idea of removing all corporation tax laws; this would also remove all the stuff about capital allowances, offsetting against losses, intra-company accounting, etc. As a reasonable quid pro quo we could also remove all limited liability protection laws (especially for partnerships !) - after all, we do have quite a large insurance industry that I'm sure would be ready and willing to fill the gap.
249 posts • joined 13 Sep 2011
I'm sure it is a complete coincidence that all of the major political parties have enthusiastically taken up offers of free advice from the major accountancy consultancies over the last 15 years or so.
( I see the latter's latest area of financial entrepreneurship is to advise local government how to get out of the ludicrous PFI contracts they previously obliged them to sign up to by setting the rules from within central government - it is difficult not to admire their, err, flexibility ).
As someone who was in Scotland several times in the weeks leading up to the referendum I saw / heard:
- little in the way of anti-English sentiment, but a fair amount of anti-Westminster stuff;
- a lot of street-level engagement, with a great deal of political discussion, spontaneous demos, etc;
- groups of pro/anti supporters nodding to each other as they passed in the street while canvassing;
- a really nasty march in favour of the union involving members of Orange Lodges from Glasgow and NI;
- disillusionment with the media, especially the BBC (due to higher expectations), which from my limited time there seemed quite justifiable.
Personally I think the SNP made some significant mistakes with their media management, especially in terms of responding to attacks, and that the independence timetable was obviously unrealistic given the complexity of the task - maybe Salmond wanted to be sure he was still around to see it ?
As a PS, a friend of mine voted against independence as he runs a small company doing very nicely from contracts with EU companies that require no transmission of data outside of the EU. He is, of course, aware that this may have only won them a couple of years respite.
Does this mean that the government appealed an arbitration ruling to the courts on the grounds that although the arbitration procedure was agreed between the two parties involved it still had to be performed in accordance with UK law, i.e. the Arbitration Act ?
No wonder the new transatlantic trade deal is so popular in some quarters.
Re: Implement a 'Stagnation' tax @LucreLout
"Government is the most inefficient way to distribute money"
I disagree. The financial sector is by far and away the most highly subsidized industry in modern history. In the UK we distribute tax payer's money to banks who are then less dependent on money from savers and hence can increase the gap between their loan & deposit interest rates leading to much improved margins which in turn justify higher bonuses etc. Looks pretty efficient to me.
But if you're self-employed, e.g. as a lawyer, your communications are commercial/legal, not personal.
Or will personal end up meaning "sent to or from a person" ?
For some reason our current crop of politicians seem determined to construct a fully equipped ready-to-go totalitarian state, just waiting for the wrong people to move in at the top, no assembly required.
I'm (almost) sure the politicians don't see the risks because they know themselves to be thoroughly decent chaps, but it does seem to show a breathtaking arrogance to ignore the very history they insist our children should be learning.
Re: As Charb said
"Guess what, the bad people will just move on to another technology, develop their own dark nets, internet protocol or even create and use encrypted botnets to communicate"
Guess what, the bad people will simply move in at the top of what will have become a fully equipped ready-to-go totalitarian state, no assembly required.
Re: How convenient...
I think you'll find that banking and the financial sector in general are the most heavily subsidised industry in history.
Well poverty can't be that serious because those nice coalition people are reducing universal benefit payments next year to compensate for the cost of removing air passenger duty for children flying off on jolly foreign holidays ( £100+ million ).
Luckily the ( £30 billion) benefits for low-pay employers are not affected.
I think you'll find that all of the major (and not so major) political parties now get their financial and tax policies drawn up for them by the big 4 consultancies.
Where do you think the concept of limited liability partnerships came from ?
As pointed out in Private Eye last week, the architect of the great Luxembourg tax shelter is now, err, running the EU.
Hence the current European investigation into large companies and tax avoidance schemes has been carefully scoped to look for suspect tax deals between member states and individual companies, but to exclude "tax-competitive" arrangements that a country makes available to all companies.
Nice to see the BBC doing what Google tell them to.
Au contraire, a UKIP government would concentrate on rounding up pro-independence activists.
Yes it applies to all search engines, but Google tend to publish only their own numbers - probably provided in journalist-friendly form to increase the chance that the Google version is the one that appears (i.e. standard procedure for large corporations and overworked journalists/unpaid interns).
The search results affected when Google agree with a request (or are overruled by a court) are those where the query mentions the relevant person by name.
Re: Regenerating The Doctor
"I have never read a Doctor Who novel "
Harvest of Time by Alastair Reynolds; an entertaining read, especially if you remember the Jon Pertwee doctor and, indeed, Delgado's Master
There is also "Wheel of Ice" by Stephen Baxter, set in the era of the Patrick Troughton doctor, although I thought that was a bit more obviously 'young adult'
The other letter is M and he will be revealing his new secret agent identity: DangerMusk
"I’m looking forward to seeing if people eventually build a working railway system in game"
So not *that* realistic then.
Re: sick of it all
You do know that having "Scotland" in the name of a bank doesn't make it Scottish ?
hint: look to see which larger groups they are part of
The proposed move of bank HQs to London is of course less about the so-called "guarantees" and more about the worry that a Scottish government might introduce actual regulation.
Re: What are your predictions?
but this will prove to be not the beginning of the end, but the end of the beginning.
Re: The recriminations start on Friday
Be careful with media reports on anything to do with this; I know, it sounds swivel-eyed conspiracy loon stuff, but I was in Scotland for a few days last week and was totally taken aback by the gap between reality and what the media were saying.
The SNP have no power to do any of the stuff you mention, except maybe try to convince people to boycott companies, at which point they will get the usual answer people give to political parties; remember, Yes supporter is not the same as SNP member.
Re: Bad Science
It seems likely there will be a record turnout - quite possibly well over 80% .
There will be no "silent majority" ( who mysteriously always support whoever invokes them ).
Re: I'm fine with Scottish independence if it's what they want.
Curiously Salmond was not that popular with many of the Yes supporters until the concerted media campaign against him, whereupon I think many felt obliged to defend/support him because he had been made synonymous with voting Yes.
I think a basic mistake of the No group, and the media, is treating this as just another party political fight - it isn't.
How to improve the interface:
"Whats on at the moment, any recent films ?"
display shows list of films made in last 12 months, optionally sorted, that I can access from any source to which I have a connection; any additional costs are flagged
"nah, what about something funny, like, err, something with Fred Bloggs"
"display shows... etc"
"ok, lets see xxx" ( or, more likely, "sod it, I'll watch zzz on Blu-Ray" )
info display above can be shown on TV in 'monitor mode' or on some other device
The killer item is to be able to treat all connected sources as one (which doesn't mean they have to be covered by a single subscription). It would also be nice if there were no ads, but...
Add in music sources and give it a name: "cornucopia" ( or maybe "orchard" )
The Euro Commission oppose Scottish independence because they know it would increase the chances of the rUK voting to leave the EU - no doubt after the English papers currently lauding the wisdom of business leaders warning against a "Yes" vote pour vitriol on the same people when they use the same points to argue for staying in the EU.
Given that there is no legally set period between the Scottish referendum date and actual independence (voters I've spoken to are talking of 3 or 4 years, with 'interim' agreements for issues such as Faslane covering 10 years after that - during which time the SNP would cease to exist), one interesting question is when the next UK government would schedule a in/out vote; before or after the Scots leave ?
All hypothetical I suspect; my prediction is 60:40 to the No side, who will later discover they won the vote but lost the argument.
I suspect the reason for financial organisations wanting to move south is because they prefer BoE regulation to actual regulation - not to mention all those schemes that funnel tax-payers money into banks where it simply disappears.
The UK government guarantee for individual accounts works as a bluff, but note that they've changed the rules to make all depositor accounts available assets to a bank that hits major problems.
Re: Climate change
If it is irony then you should be able to pick it out with a magnet.
Of course if the Register applied this solution these comments sections would be a lot shorter.
The thing about QE being beneficial is that we don't know the whole story on this yet, and we wont until someone has worked out how to undo QE without breaking everything - you may have thought they'd have sorted out an exit strategy before spending 375 billion GBP on this, but apparently not.
"... and 50% justifying the effect of that bullshit ..."
Re: I invent a cure for cancer.....
Yes, but these new regulations don't change any of that as far as the large copyright holders are concerned, since they have the clout to make sure they get paid. This is aimed fair and square at individual "creatives", i.e. everybody, and its intent is to enable companies such as Google to use any and all material they can find for whatever purposes they wish without having to worry about irrelevancies such as ownership. The only thing they can't do is sell the stuff for cash.
Maybe if Google had opposed this specific issue in the lower courts, rather than seeking a declaration that they were immune from European laws, this could have been sorted out by now.
So if there is no protection then any corporate can just grab whatever new stuff they think looks promising, repackage it & sell it as their own, drowning out any attempt by the actual creator to even associate themselves with it and hence gain any benefit from their creation at all ( where "sell" would be to benefit the bottom line, i.e. not necessarily directly for cash ).
Or, even better, have your creation used as part of some propaganda to promote killing handicapped kids - who could complain about that when they know that it means that they're not trampling on the peoples' god-given given right to not pay for stuff ?
Makes sense to me. Both copyright cartels and ISPs get useful market data on things like:
- rate of false positives
- effectiveness over time of telling people they've been 'caught'
- overall customer reaction, especially to erroneous messages
and they get people who never use the internet themselves to help pay for it.
Re: How long
quid pro quo for support from the Orthodox church
Re: Apdsmith AC Military Industrial Congressional Complex
I'd have said that the current situation in Iraq and Syria is another example of how the Saudis have been running rings round the US and its allies for the last 15 years.
All internet corporates, including the other search engines, are affected by this judgment, since what it said was that doing business in the EU means that you are subject to EU laws, irrespective of where you claim to be based. Having failed to win the legal argument Google are going all-out to negate it via political lobbying, no doubt encouraged by a lot of truly pissed fellow corporates.
With regard to the current example of the effect of this judgment, anyone can get any search engine to excise a URL from their search results by merely showing that :
- it refers to themselves
- it harms them unfairly
- it is in nobody else's interest to have this information preserved
- they have a legal order from an EU court or national data commissioner agreeing that the URL should go
At which point the search company must either appeal the legal order or arrange for the URL to be removed from their search results.
If only Google are affected so far then maybe they should proclaim the fact since it could be because their search results are so much more comprehensive than those from anyone else.
Re: Dangerous terrorist plots..
"I don't understand how the terrorists don't ever attack officials of state and only ever go after ordinary members of the public."
I think you're all being unambitious.
What is needed is a per-dwelling system which tracks every item once it has entered the house/flat/yurt until it leaves, including in/out fridge, into bin, etc. Of course for the best results, and to handle flat shares (*), you'd also need to tag all the people in the house, and any animals, in order to properly track (and then predict) consumption patterns.
(*) excluding student flat shares, lets not be silly about this
Re: Great Thinking
You could always try the UK approach - turn yourselves into an international tax haven.
( I see that as a result of the latest tax changes Vodafone are now applying for a GBP 17 billion, sorry BEEELION, tax rebate )
It would be nice if at least 2 of the computer systems I use at work used the same key for delete.
"our representatives" will be the same civil servants that do such a sterling job negotiating & managing PPI contracts etc. A combination of being out of their depth and concentrating on personal development.
At the end the politicians will be presented with volumes of dense text with nicely coloured graphs showing what wonderful things will happen while they're still in power (that last bit is important). The media will just regurgitate the PR releases.
Just ask them how much money has been allocated for monitoring those who receive this data to ensure compliance, including on-site spot checks etc.
So will previous opt out letters be honoured by these (unidentified) trial surgeries ?
The trouble with any plan that involves "invest for 40 years" is that it usually fails to allow for the 2 or 3 times during that period at which a large chunk of your investment will mysteriously transfer itself to City institutions.
Presumably they picked York so that BT can see if this approach allows them to compete with Virgin who are already entrenched there (via NTL as was). If they've got any sense they'll ignore the 'historic centre' and concentrate on the new builds around the edges.
Working for a software company we tend to be pretty strong on customer service - after all, the alternative would be to make us write proper user documentation...
Re: Secure forever for you and close relatives?
Following on from this - what are they doing with the data of people who have died since GP records were computerised, and what will they do with my opted-out data after I've popped my clogs ?
Re: Hands up who's shocked?
Anyone who expects, say, the UK government to provide real compensation if one of the major banks were to go under is in for a nasty surprise.
The process would be to reconstitute the failing bank by agreement with its creditors, which would involve first emptying all savings/investment/current accounts (savers are legally not creditors of a failing bank) and then issuing shares in the new bank to those who lost their money. These shares will have a notional value that meets the requirements of the relevant compensation scheme, although it may be years (if ever) before they can actually be cashed in for that value. This allows the government to say they've met their promises without having to pay out large amounts to the wrong sort of people.
So that kills off the NHS England 'care' database then.
Any bets that current opt-out declarations will be (quietly) declared invalidated by this delay ?