Interesting Links for 15-12-2014

[andrewducker]

• If companies paid, proportionally, as much tax as they did under Thatcher, the country would be £30bn better off.
  (tags: uk tax companies )
• Private companies are no more efficient than the public sector
  (tags: efficiency service companies government )
• George R R Martin is not on Twitter or on Facebook, and is not inspired by Star Wars
  (tags:

Comments

[jarkman]

I think that's just a thin chocolate shell that melts when hot chocolate sauce is poured over it. How hard can it be ? :-)

[soon_lee]

Am tempted to give it a go...

Corporation tax

[anef]

The article doesn't give any references for the statement that companies were contributing £30 bn a year more in Thatcher's time. If he's just talking about the corporation tax take, then you have to look at the knock on effects on income tax as well. More corporation tax means lower profits to distribute as dividends, which means lower income tax receipts. The top rate of income tax after 1988 was 40%, it's now 45%. Both of these together mean that lower corporation tax may be more than compensated for by higher income tax.

Re: Corporation tax

[andrewducker]

Thank you, that's a very good point.

[apostle_of_eris]

Bureaucracy is bureaucracy. "Public/private" is a red herring.
Everyone wants to keep their job. Their primary loyalty is to continuing to eat. Organizational behavior follows.
I don't understand how "libertarians" maintain their gigantic blind spot that somehow political muscle has nothing in common with economic muscle. (In the Homestead Strike, Frick and Carnegie hired Pinkertons to crush the strike; in the Pullman Strike, Pullman called out the army to crush the strike.)

[andrewducker]

Yup. Any sufficiently big corporation ends up looking like a public organisation on the inside.