Osborne to cut corporation tax – he’s not backing Britain

Fear and loathing in Great Britain

05_july_2016

A letter a day to number 10. No 1,484

Tuesday 05 July 2016.

Dear Mr Cameron,

I see that George Osborne is set to lower corporation tax to 15% and there are even calls for it to be lower to woo investors to Britain, not least from China.

The problem with overseas investment is that company profits are siphoned out of the country and corporate returns to the nation are minimised, if they even pay taxes at all and don’t indulge in tax avoidance/evasion schemes.

I am sure that you, or whoever we get saddled with after you, will tell us that these corporate immigrant gold diggers will create jobs, but they are jobs of the worst kind offering no hope to those forced to take them up. Grinding away on minimum wage and/or zero hours contracts, workers, the real wealth creators, will be exploited to the max and the…

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