The Brexit referendum thread: potential consequences for GB, EU and the Brits in CH

	Quote:	fatmanfilms
	Poor journalism as they have not looked at the accounts. As Saliston is only required to produce small company accounts & no Audit it really can not be handling or holding the huge profits that come from Somerset. In any case dividends would be taxable after corporation tax is paid so I really don't see any benefit, except to the government as the tax bill would be higher. UK corporation tax is 18% & additional tax on dividends plus 32.5% dividend tax on higher income. Income taxable max 45% plus 2% Class 4 National Insuranve Corporation tax plus dividend tax is 50.5% Perhaps you can explain why he would not just pay the tax on profits at a lower rate & be done with it? From your link 'There is no suggestion he avoided tax on any profit.' although you seem to be claiming differently!

I like how you pretend to be Warren Buffett one minute and then pretend to be the most naïve investor another. As you know, companies have much simpler routes to mitigating tax burden than do individuals.

You seem to imply that I have said he has either avoided or evaded tax. I have never said such a thing. I have just said it's quite possible he's a tad hypocritical and has used every possible avenue to minimize his tax burden using perfectly legal shell companies, overseas holding companies etc.

Unless he releases his tax returns, we shall never know though, rendering this discussion a tad moot.

[lewton]

	Quote:	Loz1983
	Yup, a low tax, low regulation, business friendly developed economy 21 miles off the coast of Europe. The EU would shit themselves. Unfortunately internal politics will never allow that to happen.

This low-standards utopia will only work until Labour has a proper leader and all the people outside London who lose their jobs vote the Tories out.
We are merely saving you the pain by killing it before it's even born. You are welcome.

	Quote:	MusicChick
	Does that make you a Trump supporter? The way the thread turned is hilarious.

I don't think anyone is calling for a wall around Saint Pierre and Miquelon.

	Quote:	fatmanfilms
	If you looked at the Saliston accounts you would realise that was not true, do I have to provide them or can you use google? Investments shown £258,795 Other investments £444,445 Somerset has members capital of £15,623,611 so whilst Saliston may own 1/3% it does not hold his full stake.

Somerset Capital Management LLP has members capital of £1,486,995. That is the relevant figure for the investment shown in Saliston.

Link

[amogles]

	Quote:
	Strawman? Non-seq? Who was saying this? I was just refuting your claim that the complained about fence was stopping movement from "into the EU from back roads" when in fact, it was between two EU countries - hence why people are complaining; that's a no-go within the EU, as you know. Hope that helps.

The fence I was referring to is that on the Hungarian - Serbian border. You muddied the argumnet by bringing in the Croatian one too.


Nice for you.


But muddying the waters is not the same as dispoiving a point. So back to you.

This is the most English reaction to crisis and disappointment ever!

	Quote:	Blueangel
	Quote: Oliver Norgrove I'm now at the stage where I think if we end up not leaving it'll be a blessing. Let's face it, my side just doesn't deserve it. I'm no Remainer, I still dislike the EU and consider it to be undemocratic from top to bottom. I won't campaign for Remain. But I'm sick of being let down and embarrassed by all of this. Also I've become very frustrated with myself for the lack of consideration I showed the Northern Ireland issue a few years ago. (More on this at a later date, but I think it's actually symptomatic of something much wider than Brexit) So, I can no longer commit publicly to being a Brexiteer. I'll follow the issue and give my 2 cents, to anybody who might care about my opinion, where I can. But the pursuit for something I now consider unworkable is pointless. I refuse to be driven into madness by it all. The UK had to, at some point, face up to this. But its political system just couldn't cope. We fought the referendum like a general election, we triggered A50 without a plan, we never understood how the EU operated nor that Brexit wasn't a standard negotiation. It's been self-deception on an almighty scale. At one point I thought, naively, that I could stand as a better example for the Leave side, but I now realise that it's hopeless. I'm never asked for input, the media cares only for those on the extreme. A recipe for disaster. I'm quite furious tonight. With general events and with myself. I might open a bottle.

It's right up there with "Down with this sort of thing"!

Mind you, opening a bottle might be the ultimate act of defiance for a wet-behind-the-ears 20-year-old student who considers himself a leading authority on politics.

	Quote:	amogles
	The fence I was referring to is that on the Hungarian - Serbian border. You muddied the argumnet by bringing in the Croatian one too. Nice for you. But muddying the waters is not the same as dispoiving a point. So back to you.

It's the same fence. Croatia and Serbia are next to each other. Fences can span long distances.

[amogles]

	Quote:
	It's the same fence. Croatia and Serbia are next to each other. Fences can span long distances.

and you really are 100% sure it was only the Croatian bit people were objecting to?

	Quote:
	It's the same fence. Croatia and Serbia are next to each other. Fences can span long distances.

Also help very generously to deflect the discussion from the Irish border.

	Quote:	amogles
	and you really are 100% sure it was only the Croatian bit people were objecting to?

I'm sure you'll bring me evidence to the contrary.

The EU seemed to have not been complaining about the Serbia fence, but the treatment of refugees and the suggestion that Hungary was considering a policy of firing on them. Certain MEPs even suggested a temporary exclusion of Hungary for its flagrant defiance of EU rules around this topic.

[Urs Max]

	Quote:
	I love the Brexiteer logic. Make a mess, then leave and tell everyone else it is their fault for not cleaning up the mess. Classic. It's worked for Farage and BoJo, so why wouldn't you keep trying it?

... and claim it is good news when it turns out that the mess will be a litle bit less than predicted by some.

[marton]

	Quote:	Loz1983
	Excellent, tariffs to be cut in the event of no deal. Also UK government have announced there will be no checks on goods imported from Ireland in the event of no deal. This upholding their pledge of no hard border and proving that all along it’s been a red herring. Over to you EU and Ireland. UK announces no-deal tariff plan

So creating a smugglers paradise!

[fatmanfilms]

	Quote:	marton
	So creating a smugglers paradise!

Into the EU!

	Quote:	fatmanfilms
	Into the EU!

There wouldn't be any checks going INTO Northern Ireland either.

[marton]

	Quote:	fatmanfilms
	Into the EU!

I suspect anybody wanting to buy a new car will be on the ferry to Ireland

[Jim2007]

	Quote:	Loz1983
	The hard border isn't a mess. It's something that's been invented by the EU/Ireland to try and screw the UK in negotiations. The UK have just proven it's a non-existent problem.

The only thing you have proved is how little you understand of the issue. The UK proposal is contrary to WTO rules and can only stand for two months before Argentina, Russia and friends can start filing objections. Which would mean no trade deal approvals.

So it is only a non-existent probably so long as you don’t need trade deals.

[Blueangel]

There were some interesting votes on the deal last night:

For:
Michael Gove
Tobias Ellwood
Ken Clarke
David Davis

Against:
Boris Johnson
Jacob Rees-Mogg
Kate Hoey
Joe Johnson
Dominic Raab

It's a real mixed bag of thought. reason and aim.

https://www.bbc.com/news/uk-politics-47547887

[JohnC]

If Britain had only given Northern Ireland back to its rightful owners all those years ago when they were negotiating another famous treaty they would not be in this mess today.

[Jim2007]

	Quote:	Loz1983
	Excellent, tariffs to be cut in the event of no deal. Also UK government have announced there will be no checks on goods imported from Ireland in the event of no deal. This upholding their pledge of no hard border and proving that all along it’s been a red herring. Over to you EU and Ireland. UK announces no-deal tariff plan

So the EU would see no changes on their imports into the UK, while it will follow the WTO rules and apply the same tariffs and checks to the UK as it does to other third countries. So no real motivation for the EU to do a trade deal then.

The NI boarder would remain the same for two months until WTO rules would force them to grant the same terms to all WTO members or put up a border.

So excellent news then for everyone that thought they needed a trade deal with the UK - they don’t. Instead their exports will be duty free going into the UK while imports of UK good will be at what rates they charge all others - probably standard WTO rates.

[Jim2007]

	Quote:	JohnC
	If Britain had only given Northern Ireland back to its rightful owners all those years ago when they were negotiating another famous treaty they would not be in this mess today.

And it was more or less the same reasoning - the support of the Unionists in parliament.