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transaction tax (Read 3797 times)
freediver
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Re: transaction tax
Reply #105 - May 8th, 2022 at 12:37pm
 
John Smith wrote on May 8th, 2022 at 12:14pm:
freediver wrote on May 8th, 2022 at 9:07am:
John Smith wrote on May 8th, 2022 at 8:47am:
freediver wrote on May 7th, 2022 at 9:02pm:
If coles and it's suppliers all become one company, what happens to the taxes that would otherwise have been paid on the payments between them?



what taxes would have otherwise been paid on payments between them FD?  Cheesy


Your idiotic transaction tax.


Again, I've already told you that I don't believe they would all become one company so there are no taxes that would have otherwise been paid.

Like I said, you need to step into reality and leave the Narnia for the movies.


That is not what I am asking John.

What would happen to the taxes if they did?

Quote:
the tightening up of anti competition laws can restrict that


Anti competition laws cannot prevent their smaller competitors going bankrupt, and they are not designed to prevent vertical integration. In fact they encourage it.

And why would you even need those laws if they would have no incentive to vertically integrate in the first place? You are pushing two contradictory lies now John.
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thegreatdivide
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Re: transaction tax
Reply #106 - May 8th, 2022 at 12:48pm
 
0ktema wrote on May 8th, 2022 at 9:50am:
Countries around the world that currently embrace a transaction tax, tend to focus it solely on the financial sector and even that can be tricky. 


The financial sector SHOULD be subject to a transaction tax, to discourage dangerous speculation in the fake financial industry casino (and derivatives - "financial instruments of mass destruction": Warren Buffet)  which is multiples the size of the real economy.   
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Re: transaction tax
Reply #107 - May 8th, 2022 at 1:59pm
 
thegreatdivide wrote on May 8th, 2022 at 12:48pm:
0ktema wrote on May 8th, 2022 at 9:50am:
Countries around the world that currently embrace a transaction tax, tend to focus it solely on the financial sector and even that can be tricky. 


The financial sector SHOULD be subject to a transaction tax, to discourage dangerous speculation in the fake financial industry casino (and derivatives - "financial instruments of mass destruction": Warren Buffet)  which is multiples the size of the real economy.   


Yeah, I'm in general agreement. However there are certain sectors of the financial markets that may require adjustments or even exemptions to prevent unintended and undesirable side-effects from negatively impacting productivity in the broader economy.
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John Smith
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Re: transaction tax
Reply #108 - May 8th, 2022 at 2:43pm
 
freediver wrote on May 8th, 2022 at 12:37pm:
That is not what I am asking John.


I don't give a sh1t what you are asking.
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Re: transaction tax
Reply #109 - May 8th, 2022 at 2:46pm
 
And yet you try to convince us that companies would have no incentive to vertically integrate, and it would not reduce their tax bill, despite not being able to tell us what happens to the tax revenue from the transactions that disappear when they vertically integrate.

And you also try to tell us that additional laws would be required to limit vertical integration, despite insisting it would not happen.

Wherever you find something truly idiotic, you will find John Smith wallowing in it.
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John Smith
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Re: transaction tax
Reply #110 - May 8th, 2022 at 2:49pm
 
freediver wrote on May 8th, 2022 at 12:37pm:
Anti competition laws cannot prevent their smaller competitors going bankrupt.


no one ever said they were ... why you keep injecting these red herrings into everything is beyond me.

freediver wrote on May 8th, 2022 at 12:37pm:
nd they are not designed to prevent vertical integration. In fact they encourage it.

God you are stupid sometimes. Your problem is that you're arguing something tat doesn't currently exist and applying it to what we have, which it isn't designed fora TT.

To completely change our tax system you would have to start at the beginning.


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Re: transaction tax
Reply #111 - May 8th, 2022 at 2:51pm
 
Quote:
our problem is that you're arguing something tat doesn't currently exist


It does not exist because it is truly idiotic. No-one is even suggesting it, other than you. And you cannot muster a single coherent thought on it.
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Re: transaction tax
Reply #112 - May 8th, 2022 at 5:03pm
 
freediver wrote on May 8th, 2022 at 2:51pm:
It does not exist because it is truly idiotic


No, it doesn't exist because any party that tried to bring it in would lose all their donations from the rich, who would end up paying more taxes. Its far cheaper for them to bribe politicians and use fools like you to stop it happening.
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Re: transaction tax
Reply #113 - May 8th, 2022 at 7:00pm
 
Your one vote is not enough to win an election John. And you are not going to convince anyone else with your incoherent gibberish. No political party is going to suggest your transaction tax because they are not complete morons. They don't even need to gauge the public reaction.

If coles and it's suppliers all become one company, what happens to the taxes that would otherwise have been paid on the payments between them?
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Re: transaction tax
Reply #114 - May 8th, 2022 at 7:35pm
 
freediver wrote on May 8th, 2022 at 7:00pm:
And you are not going to convince anyone else with your incoherent gibberish.


I'm not trying to convince anyone one way or the other FD. It's only you who is doing that.

I really couldn't give a stuff what anyone else thinks
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Re: transaction tax
Reply #115 - May 8th, 2022 at 7:36pm
 
freediver wrote on May 8th, 2022 at 7:00pm:
If coles and it's suppliers all become one company, what happens to the taxes that would otherwise have been paid on the payments between them?


Cheesy Cheesy


the same thing that happens to taxes they would have otherwise paid if they hadn't transfered their profits overseas.

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Re: transaction tax
Reply #116 - May 8th, 2022 at 8:45pm
 
John Smith wrote on May 8th, 2022 at 7:36pm:
freediver wrote on May 8th, 2022 at 7:00pm:
If coles and it's suppliers all become one company, what happens to the taxes that would otherwise have been paid on the payments between them?


Cheesy Cheesy


the same thing that happens to taxes they would have otherwise paid if they hadn't transfered their profits overseas.



So the taxes are avoided?
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Re: transaction tax
Reply #117 - May 9th, 2022 at 1:32pm
 
freediver wrote on May 8th, 2022 at 7:00pm:
Your one vote is not enough to win an election John. And you are not going to convince anyone else with your incoherent gibberish. No political party is going to suggest your transaction tax because they are not complete morons. They don't even need to gauge the public reaction.


And you are the fraud who diverted (from MMT to privatisation) the discussion from examining the economic CAUSES, and necessary reforms, of the current political hyper-partisanship, dysfunction, and loss of faith in democracy.

Quote:
If coles and it's suppliers all become one company, what happens to the taxes that would otherwise have been paid on the payments between them?


Coles and its suppliers are not going to become one company.
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Re: transaction tax
Reply #118 - May 9th, 2022 at 5:56pm
 
freediver wrote on May 8th, 2022 at 8:45pm:
John Smith wrote on May 8th, 2022 at 7:36pm:
freediver wrote on May 8th, 2022 at 7:00pm:
If coles and it's suppliers all become one company, what happens to the taxes that would otherwise have been paid on the payments between them?


Cheesy Cheesy


the same thing that happens to taxes they would have otherwise paid if they hadn't transfered their profits overseas.



So the taxes are avoided?


far less than what is avoided now
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freediver
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Re: transaction tax
Reply #119 - May 9th, 2022 at 7:29pm
 
John Smith wrote on May 9th, 2022 at 5:56pm:
freediver wrote on May 8th, 2022 at 8:45pm:
John Smith wrote on May 8th, 2022 at 7:36pm:
freediver wrote on May 8th, 2022 at 7:00pm:
If coles and it's suppliers all become one company, what happens to the taxes that would otherwise have been paid on the payments between them?


Cheesy Cheesy


the same thing that happens to taxes they would have otherwise paid if they hadn't transfered their profits overseas.



So the taxes are avoided?


far less than what is avoided now


Would they have an incentive to avoid the tax by vertically integrating?
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