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United Kingdom

IbogaProject

(4,667 posts)

2. London is a big tax haven

Reply to T_i_B (Original post)

Fri Jan 19, 2024, 01:13 PM

Jan 2024

The competition from London was part of the reason for the 2017 Traitor45 tax cut act. The big problem is the top 10% can't and don't spend their money quickly, nor locally and it slows economic activity. In the 50s with high taxes corporations had to invest and compete for labor.

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One by one, England's councils are going bankrupt - and nobody in Westminster wants to talk about it [View all] T_i_B Jan 2024 OP

Don't know what it takes to force a city or municipality to declare bankruptcy, but I suspect this moment will SWBTATTReg Jan 2024 #1

London is a big tax haven IbogaProject Jan 2024 #2