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Aspiring Lawyers - Interviews & Vacation Schemes
Commercial Awareness Discussion
Unpacking BP's record profits (against its substantial losses?)!
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<blockquote data-quote="rogerd123" data-source="post: 115826" data-attributes="member: 18421"><p>With more frequent discussions, and Sunak no longer saying a firm 'no', it's looking like they're increasingly likely to.</p><p> </p><p>I don't think it's the best idea, as it compromises the stability and predictability of our tax system, may jeopardise future investment, and would not fix future issues. However, I do think the government needs to implement some sort of tax system to recover some money which can be funnelled back to the people - just not necessarily a windfall tax. I read that the amount of tax breaks the govt gives such companies actually exceeds their annual tax, and they end up getting refunded by the govt - which is ridiculous in light of the current cost of living crisis. </p><p></p><p>Perhaps we need tax reform which implements a tax rise when prices exceed a certain amount, in a sustainable manner. </p><p></p><p>What do you think?</p></blockquote><p></p>
[QUOTE="rogerd123, post: 115826, member: 18421"] With more frequent discussions, and Sunak no longer saying a firm 'no', it's looking like they're increasingly likely to. I don't think it's the best idea, as it compromises the stability and predictability of our tax system, may jeopardise future investment, and would not fix future issues. However, I do think the government needs to implement some sort of tax system to recover some money which can be funnelled back to the people - just not necessarily a windfall tax. I read that the amount of tax breaks the govt gives such companies actually exceeds their annual tax, and they end up getting refunded by the govt - which is ridiculous in light of the current cost of living crisis. Perhaps we need tax reform which implements a tax rise when prices exceed a certain amount, in a sustainable manner. What do you think? [/QUOTE]
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Unpacking BP's record profits (against its substantial losses?)!
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