Quote:
Originally Posted by Gordon Booth
Like them or loath them, Margaret, the businesses of the 'square mile crew' provide 11% of the governments total tax income(as well as the tax the 'crew' pay on their obscene salaries and bonuses).
If the Financial Transactions Tax is brought in the UK companies will pay 70% of the total raised in 27 countries! It was aimed at London by the Germans and French.
What would the companies do? They'd get out of the UK to Singapore,USA etc. What would we do without that 11% tax? More cuts, more job losses,more taxes? That would affect everyone!
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Think the figure that would be lost is about £54 billion Gordon