The EU tax regime is obviously at stake in Brexit, higher taxes on the working class and lower organisational levels in national insurance, the tax threshold is getting higher. The future of tax is important without EU dangers, not just publicity but means of collection and decision-making procedures. These are VAT and interest rates and the income tax is difficult to change in this environment. Local businesses are fearing the worst and likely to hit by low trade levels. Industry requires networks and the City organised dealing, none of these are any easier with a fixed income tax. The reason is political as well as social, its not support for the EU, but ideological ambitions which shape taxes and without these institutions taxes must rise.
In the long term the structure is robust and only mistakes will shatter this critical juncture's legacy. Pensions require a sound investment portfolio and war is not helpful other than starting the revolution. Economically several avenues are available. Low investment. high taxes or structural deficits, the reason the structure of EU trade, it unlike Kondratiev is rising and this means a shortfall. The tax also requires investment, something not heard these days in the City. The tax is equal risk and universal benefit, hardly the beginning of growth. Changes require solid money and this means external investment, unfortunately this is not a tax plan. No security, no solution doesn't work in the medium term, because of income tax and degrees of redistribution like small businesses.
New taxes are less likely to work, the poll tax was directed towards high receivers of the national cake, it fell because of the crash and only organised resistance prevented an insurgency. We hear the barricades of tax resistance, do we hear political planning for EU taxes. The economy is not a support system for taxation, but is a social leveller and taxation can become an important issue. The Lloyds of London is a investment vehicle, the tax should besprent on an equal basis. Private equity is balanced and political in distribution, slightly political in legitimacy and a fall in the predictive value of institutions is penalty accruing.
Thursday, September 21, 2017
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