4 ms·
Taking off the safety while you're pointing the gun at your own head is not the best idea ever. Tax evasion/avoidance was indeed one of the primary motivations
by TheOtherHobbes 6y ago
Taking off the safety while you're pointing the gun at your own head is not the best idea ever.
Tax evasion/avoidance was indeed one of the primary motivations for Brexit. But that only works when you have a stable financial system - and haven't just destroyed a significant part of your balance of payments by crippling both exporters and service providers.
And then the governor of the BoE tells everyone to consider negative interest rates - which is a superb way to persuade speculators to sell the pound and make imports even more expensive.
It'a almost as if they're deliberately trying to crash the currency.
- SuoDuanDao 6y agoI suspect a lot of places are trying to at least depress their currency. We're at a weird point in history where a lot of technological influences on the economy are deflationary, to the point that a lot of money printing is required just to keep the inflation rate somewhat steady. Add a desire to be competitive on wage costs against other nations and some of the measures being taken look rather aggressive.
- thu2111 6y agoTax evasion/avoidance was indeed one of the primary motivations for Brexit No it wasn't, it was barely mentioned. A few libertarian Tories would have liked to lower tax rates but: 1. Countries having different tax rates is not "tax evasion" or "avoidance". By any definition that's clearly propaganda. 2. Lockdowns put paid to that idea. 3. The idea of turning Britain into Singapore never gained much traction within the wider Conservative party.