Taxodus – Enterprises Flee UK Tax Regime

The news that WPP is considering fleeing UK shores to escape ever increasing taxes resulting from Gordon’s prolificacy must signal that business has had enough of Gordon’s tax and spend policies. Every week a major business seems to make the move, Ireland is continually welcoming companies keen to halve their tax bill.

The Irish benefit massively and the inward investment has helped make Irish per capita incomes now higher than in the UK. In the last 11 years Gordon’s big government and big tax bill thinking has contrasted with Ireland’s more Thatcherite approach – resulting in Ireland becoming richer. It has come to something when the republic is spending hundreds of millions of euros to help the poor neighbour in the North upgrade infrastructure. Eurosceptics who claim Ireland is subsidised by EU funds are out of date. Nowadays Ireland is a net loser from the EU financially.

Gordon says he is listening, well he should hear what businesses are saying and see what they are doing. The tax base is narrowing and will continue to do so until he takes the low tax, high growth route to prosperity. The taxodus across the Irish sea will only increase otherwise…




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Quote of the Day

Philip Hammond uses a trip to Berlin to mock the Foreign Secretary:

“A compromise is the art of dividing a cake in such a way that everyone believes he has the biggest piece. Wise words with some applicability to the Brexit negotiations although I try to discourage talk of “cake” amongst my colleagues.”

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