Saturday, 10 October 2009

If you are on a state pension no need to read this .

Background:

In recent decades, rising globalization has forced governments to restrain their fiscal appetites. After the Reagan and Thatcher tax rate cuts of the 1980s, other countries were forced to respond with their own tax reforms. The growth of low-tax jurisdictions, or tax havens, has put further beneficial competitive pressure on governments with excessive tax rates. The result is that tax rates on income and capital have fallen significantly to the great benefit of global investment and growth.

These pro-growth reforms did not come about because governments suddenly realized that low tax rates are better for growth. Instead, politicians cut tax rates to prevent the geese that lay the golden eggs of prosperity from flying across the border.

Alas, there is now a rising big-government backlash against tax competition. Politicians have made unwise promises for ever-growing levels of redistribution and this is creating pressure for higher tax rates. But higher tax rates are particularly misguided when labor and capital can move to jurisdictions with better policy. This is why high-tax nations are seeking to curtail tax competition and are working through international bureaucracies such as the Organization for Economic Cooperation and Development to create an "OPEC for politicians."

6 comments:

Frank Cook. said...

Typical bloke, having split from his latest girlfriend, decided to take a holiday. He booked himself on a cruise and proceeded to have the time of his life, that is; until the ship sank

He found himself on an island with no other people, no supplies, nothing; only bananas and coconuts. After about four months, he is lying on the beach one day when the most gorgeous woman he has ever seen rows up to the shore In disbelief, he asks, 'Where did you come from? How did you get here?



She replied, 'I rowed from the other side of the island. I landed here when my cruise ship sank.



'Amazing,' he notes. 'You were really lucky to have a row boat wash up with you.' 'Oh, this thing?' explains the woman. 'I made the boat out of raw material I found on the island. The oars were whittled from gum tree branches. I wove the bottom from palm branches, and the sides and stern came from a Eucalyptus tree.'



'But, where did you get the tools?'



'Oh, that was no problem,' replied the woman. 'On the south side of the island, a very unusual stratum of alluvial rock is exposed. I found if I fired it to a certain temperature in my kiln, it melted into ductile iron. I used that for tools and used the tools to make the hardware.'



The guy is stunned.



'Let's row over to my place,' she says.



After a few minutes of rowing, she docks the boat at a small wharf. As the man looks to shore, he nearly falls off the boat. Before him is a stone walk leading to an exquisite bungalow painted in blue and white.



While the woman ties up the rowboat with an expertly woven hemp rope, the man can only stare ahead, dumb struck. As they walk into the house, she says casually, 'It's not much but I call it home. Sit down, please. Would you like a drink?'



'No! No thank you,' he blurts out, 'I can't take another drop of coconut juice.' 'It's not coconut juice,' winks the woman. 'I have a still. How would you like a Pina Colada?' Still dazed, the man accepts, and they sit down on her couch to talk. After they have exchanged their stories, the woman announces,



'I'm going to slip into something more comfortable. Would you like to take a shower and shave? There is a razor in the bathroom cabinet.'
No longer questioning anything, the man goes into the bathroom.
There, in the cabinet, is a razor made from a piece of tortoise bone. Two shells honed to a hollow ground edge are fastened on to its end inside a swivel mechanism.



'This woman is amazing,' he muses. 'What next?'



When he returns, she greets him wearing nothing but vines, strategically positioned, and smelling faintly of gardenias. She beckons for him to sit down next to her.



'Tell me,' she begins suggestively, slithering closer to him, 'We've been out here for many months. You've been lonely. There's something I'm sure you really feel like doing right now, something you've been longing for?'



She stares into his eyes ....
He swallows excitedly and tears start to form in his eyes...

'F ***king hell, don't tell me you've got Sky Sports!

Anonymous said...

Crikey is that true?

Frank Cook. said...

THE TAXMAN COMETH

At the end of the tax year, the Tax Office send an inspector to audit the books of a synagogue.

While he was checking the books he turned to the rabbi, 'I notice you have more candles in stock than you have purchased with supported invoices?



'Good question,' noted the rabbi. buy a lot of candles of which we have a lot of candle drippings, we save them up and send them back to the candle makers, and every now and then they kindly send us a free box of candles.'



'Oh,' replied the auditor, somewhat disappointed that his unusual question had a practical answer.


But on he went, in his obnoxious way:

'What about all this Matzo that you purchase again you have more than your invoices support? Can you tell me why


'Ah, yes,' replied the wise old rabbi, realising that the inspector was trying to trap him with an unanswerable question. 'We collect the crumbs and send them back also to the manufacturers, and every now and then they send us a free box of Matzo which you see in our stock .'



This concluded the Audit and he duly signed the books off. While he was gathering his things he asked “I have always wanted to ask what you do with all those foreskins from the circumcisions you perform they must amount to quite a few?'



'Here, too, we do not waste,' answered the Rabbi... 'What we do is save all the foreskins and send them to the Tax Office, and about once a year they send us a complete dick.'

Jimmy said...

Gosh
4 and a half years
3 and a half spent in HATING

only one year spent in LOVING !
Hahahahahahahahah





fooled ya
its not u love that I love
its Roses

Vest said...

Jimmy: I just called on Pugs at 'Crinkley Bottom Extra. he is fading fast, lack of inspiraration, he seems obsessed with nothing less than the complete annihilation of the hordes of Muslims choking the British way of life.

Jimmy said...

No way
World population of Muslims is 1.8 billion

1/4 th of World population
the numbers are too huge

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