Thursday, January 24, 2013

GOOGLE, TAX AVOIDANCE, AND U.K. LEAVING THE E.U.

"Wake up and smell the coffee." That's what Dave said back in January.  But don't forget Dave, you preside over the biggest off-shore tax haven in the World ! Maybe you're about to kill the goose that lays the golden egg ?  And here we are in June and the Coalition is still moaning about tax avoidance - but now its #Google not #Starbucks. Even if action was appropriate it's taking an awful long time !!

Of much more interest is the Finnish fellow I heard on UK radio back in January who said something along the lines of  " The U.K. don't want to become another Norway, or another Switzerland..."   Really? Who says ? Actually Mr Finn the U.K. prefers to make its own decisions rather than having a foreigner tell us what we want !  

When asked to give reasons why U.K should vote to stay in the E.U ( it was a #BBC programme ) he trotted out the bit about our biggest export market, being on the outside looking in, not having a say in what Europe does and so on. 

As we've said before anyone in the EU buying U.K. products will continue to do so after the U.K. leaves.  Why? Because they only buy our stuff when we've got what they want at the right price.  To the timid souls who reckon, for example, that production in car plants'  built with foreign money will dwindle along with the investment - dream on.  Inward investment is attracted here because of thousand of reasons and the EU is not a significant one of them. 

As for being on the outside looking in, and so not being able to influence what goes on in the E.U., why would we care much about that if we are not part of the E.U?  And what on Earth makes anyone in their right mind think the E.U. has ever taken the slightest serious notice of the U.K?  #Nigel Farage has got the E.U. summed up.  And of course the E.U. hates him for it.

Our Finnish "expert" also rambled that "...the U.K. need Europe.....and Europe needs the U.K."  Umm.....Exactly. The fellow was not completely wrong; in fact he was half right !  But truly these are matters of opinion.  Maybe Europe does need the U.K. far more than the U.K. needs Europe. But if so then it's for the E.U. to manage the relationship not the U.K..  

More to the point who would dare say  the U.K. welcomes all the restrictions imposed by the top heavy, archaic, bureaucrats hanging out  at our expense in Brussels, day after day forcefully pouring bucket upon bucket of their expensive and ill-conceived Directives down our throats?

Nevertheless make no mistake, the U.K. generally likes its European neighbours; and if, in future, their governments as represented by the E.U. want to trade with us, then that would be good. If not, then the level of our regard and respect for our neighbours will remain. Unfortunately by referring to "the U.K. " and "its European neighbours" shows just how far there  is to go even to first base, never mind where "Brussels" wants. 

That's why it's time to leave the E.U. What's the point of getting married after living together unhappily for so many years?  It's only going to end in further unhappiness and a costly divorce. Get out while the going is good. 

The next few years are a great opportunity for U.K. industry to spread its wings, to develop, new and far more welcoming markets. In fact British Industry is already going down that road.  Taking such great opportunities will keep this little land and its people at the forefront of everything that really matters.  The E.U. will not fall into that category unless it changes beyond all recognition.  

And there, Dave you have it.  The challenge: change the E.U. beyond recognition, or watch your citizens vote to leave the E.U. for a fresh start. Maybe Google Angela and see what she really thinks.?  

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