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"Kier Starmer is reported to have offered big US tech firms tax cuts in return for lower Trump tariffs. The guardian says the UK is willing to placate Trump with lower digital services tax rates also encompassing non-US companies. Nowhere are there any figures quoted what these tax cuts offered would amount to, the recent parliamentary briefing says Digital Services Tax is forecast to raise around £3 billion in 2024–25. Who’s paying for this; UK pensioners, farmers and the disabled will no doubt have made a contribution to the big tax cuts offered. (Digital Services Tax is a 2% tax on the revenues derived from UK users of social media platforms, search engines and online marketplaces. Digital Services Tax applies to revenue earned from 1 April 2020)" Ffs increase don't decrease. | |||
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"Any other party offered that in this country labour would go absolutely mad." And that's the problem, instead of pragmatism we have tribalism.. And the reality with such hypocrisy is the other side most likely will have done something similar.. See it time after time regardless.. | |||
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"Worked well for Ireland" …. Until the European Commission said it was illegal… and basically had to get the 15 billion back | |||
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"Worked well for Ireland …. Until the European Commission said it was illegal… and basically had to get the 15 billion back " The US innovates, Europe regulates (and taxes) - one main reason our economies are in the toilet. | |||
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"Kier Starmer is reported to have offered big US tech firms tax cuts in return for lower Trump tariffs. The guardian says the UK is willing to placate Trump with lower digital services tax rates also encompassing non-US companies. Nowhere are there any figures quoted what these tax cuts offered would amount to, the recent parliamentary briefing says Digital Services Tax is forecast to raise around £3 billion in 2024–25. Who’s paying for this; UK pensioners, farmers and the disabled will no doubt have made a contribution to the big tax cuts offered. (Digital Services Tax is a 2% tax on the revenues derived from UK users of social media platforms, search engines and online marketplaces. Digital Services Tax applies to revenue earned from 1 April 2020) Ffs increase don't decrease." Why would we want to get into a tariff war with the US? We had a trade surplus of £71 billion with the US. Compare that to the deficit of £96 billion and £26 Billion with the EU and China respectively. | |||
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"Kier Starmer is reported to have offered big US tech firms tax cuts in return for lower Trump tariffs. The guardian says the UK is willing to placate Trump with lower digital services tax rates also encompassing non-US companies. Nowhere are there any figures quoted what these tax cuts offered would amount to, the recent parliamentary briefing says Digital Services Tax is forecast to raise around £3 billion in 2024–25. Who’s paying for this; UK pensioners, farmers and the disabled will no doubt have made a contribution to the big tax cuts offered. (Digital Services Tax is a 2% tax on the revenues derived from UK users of social media platforms, search engines and online marketplaces. Digital Services Tax applies to revenue earned from 1 April 2020) Ffs increase don't decrease. Why would we want to get into a tariff war with the US? We had a trade surplus of £71 billion with the US. Compare that to the deficit of £96 billion and £26 Billion with the EU and China respectively. " It’s one of those “sort of” trade surplus type things… It’s a deficit in manufacturing and a surplus in financial services … you could argue it’s the US being the protectionist ones And yet they still hate the agricultural rules.. and the NHS So it will be interesting if they do include “vat” as a tariff…. | |||
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"Kier Starmer is reported to have offered big US tech firms tax cuts in return for lower Trump tariffs. The guardian says the UK is willing to placate Trump with lower digital services tax rates also encompassing non-US companies. Nowhere are there any figures quoted what these tax cuts offered would amount to, the recent parliamentary briefing says Digital Services Tax is forecast to raise around £3 billion in 2024–25. Who’s paying for this; UK pensioners, farmers and the disabled will no doubt have made a contribution to the big tax cuts offered. (Digital Services Tax is a 2% tax on the revenues derived from UK users of social media platforms, search engines and online marketplaces. Digital Services Tax applies to revenue earned from 1 April 2020) Ffs increase don't decrease. Why would we want to get into a tariff war with the US? We had a trade surplus of £71 billion with the US. Compare that to the deficit of £96 billion and £26 Billion with the EU and China respectively. It’s one of those “sort of” trade surplus type things… It’s a deficit in manufacturing and a surplus in financial services … you could argue it’s the US being the protectionist ones And yet they still hate the agricultural rules.. and the NHS So it will be interesting if they do include “vat” as a tariff…." VAT being considered a tariff is a potential problem, however the surplus we have with the US increases our GDP, jobs and economy. Manufacturing which we know has seriously declined needs a boost, if tariffs are introduced by the US we could end up redirecting money into China, and that is something we should not be doing. This really needs to be a wake up call for the government, we have seen the impact of global trade disruption during covid and natural events that have impacted Spain and Morocco pushing up our food costs. The investment we need to undertake is in domestic manufacturing, until we break our reliances we are going to continue to be caught in the waves of global market turbulence. How that is going to happen under this government is a mystery! The government doesn't have a grip on the economy for starters, its aim is to support working people, but that is coming at the expense of business growth which is now going into decline. The government should reconsider the self imposed fiscal rules introduced by Reeves and prioritise pro growth policies for business. | |||
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"Kier Starmer is reported to have offered big US tech firms tax cuts in return for lower Trump tariffs. The guardian says the UK is willing to placate Trump with lower digital services tax rates also encompassing non-US companies. Nowhere are there any figures quoted what these tax cuts offered would amount to, the recent parliamentary briefing says Digital Services Tax is forecast to raise around £3 billion in 2024–25. Who’s paying for this; UK pensioners, farmers and the disabled will no doubt have made a contribution to the big tax cuts offered. (Digital Services Tax is a 2% tax on the revenues derived from UK users of social media platforms, search engines and online marketplaces. Digital Services Tax applies to revenue earned from 1 April 2020) Ffs increase don't decrease. Why would we want to get into a tariff war with the US? We had a trade surplus of £71 billion with the US. Compare that to the deficit of £96 billion and £26 Billion with the EU and China respectively. " Ok 1.95% tax 
Do tell me why this industry gets away with so much. | |||
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"Kier Starmer is reported to have offered big US tech firms tax cuts in return for lower Trump tariffs. The guardian says the UK is willing to placate Trump with lower digital services tax rates also encompassing non-US companies. Nowhere are there any figures quoted what these tax cuts offered would amount to, the recent parliamentary briefing says Digital Services Tax is forecast to raise around £3 billion in 2024–25. Who’s paying for this; UK pensioners, farmers and the disabled will no doubt have made a contribution to the big tax cuts offered. (Digital Services Tax is a 2% tax on the revenues derived from UK users of social media platforms, search engines and online marketplaces. Digital Services Tax applies to revenue earned from 1 April 2020)" In one breath the Labour party are hostile to usa tech companies, one example apple forcing them to abandon the encryption they offer to their customers, then the next breath offer apple a bribe to stay in the UK market. We have a bunch of thick emotional *unts in charge.  | |||
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"Kier Starmer is reported to have offered big US tech firms tax cuts in return for lower Trump tariffs. The guardian says the UK is willing to placate Trump with lower digital services tax rates also encompassing non-US companies. Nowhere are there any figures quoted what these tax cuts offered would amount to, the recent parliamentary briefing says Digital Services Tax is forecast to raise around £3 billion in 2024–25. Who’s paying for this; UK pensioners, farmers and the disabled will no doubt have made a contribution to the big tax cuts offered. (Digital Services Tax is a 2% tax on the revenues derived from UK users of social media platforms, search engines and online marketplaces. Digital Services Tax applies to revenue earned from 1 April 2020) Ffs increase don't decrease. Why would we want to get into a tariff war with the US? We had a trade surplus of £71 billion with the US. Compare that to the deficit of £96 billion and £26 Billion with the EU and China respectively. Ok 1.95% tax
Do tell me why this industry gets away with so much."The tech industry and the Digital Services Tax? Personally, I think DST is an overreach because it is based on revenue not profit, it is a short term tax grab. If the choice is between collecting 2% on DST or risking £71 billion in trade surplus with the US, it’s not worth enforcing it. | |||
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"Kier Starmer is reported to have offered big US tech firms tax cuts in return for lower Trump tariffs. The guardian says the UK is willing to placate Trump with lower digital services tax rates also encompassing non-US companies. Nowhere are there any figures quoted what these tax cuts offered would amount to, the recent parliamentary briefing says Digital Services Tax is forecast to raise around £3 billion in 2024–25. Who’s paying for this; UK pensioners, farmers and the disabled will no doubt have made a contribution to the big tax cuts offered. (Digital Services Tax is a 2% tax on the revenues derived from UK users of social media platforms, search engines and online marketplaces. Digital Services Tax applies to revenue earned from 1 April 2020) Ffs increase don't decrease. Why would we want to get into a tariff war with the US? We had a trade surplus of £71 billion with the US. Compare that to the deficit of £96 billion and £26 Billion with the EU and China respectively. Ok 1.95% tax
Do tell me why this industry gets away with so much."it gets away with so much because govs can use them to spy on there populations ,why else do you think goverments around the world love having them onside,luckily I only really use this site and YouTube,a vast majority of people seem to live out most of there lives online,twitter or whatever its called now Instagram,faceache bluesky kik and god knows how many more platforms | |||
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"A labourer m p is taking the piss paying £900 rent for her dog to stay with her with taxpayers money " Taiwo Owatemi, a government whip and the MP for Coventry North West, made the claim after the landlord at her second home in London charged her extra to allow her cockapoo, Bella, to stay at the property. Parliamentary authorities paid the £900 claim, submitted as "pet rent" in August 2024, as it is not in breach of the current rules governing MPs' expenses. It is not known how many other MPs claim for pet surcharges as they are not normally listed individually, but included in rent claims. The rules say MPs, who will now earn £93,904 a year after a recent pay rise, can claim expenses to help cover work and living costs in London if their constituency is outside the capital. Not working for us are they. | |||
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"It looks like the UK are on the minimum list… 10% tariffs .. 25% on cars" It is a dead cert that the Labour party will use the tariffs as the reason why the economy is tanking and or a recession is on the horizon. | |||
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"It looks like the UK are on the minimum list… 10% tariffs .. 25% on cars It is a dead cert that the Labour party will use the tariffs as the reason why the economy is tanking and or a recession is on the horizon. "And they would not be wrong….. it’s willful economic vandalism! If I was labour.. and the us is going to put a baseline tariff of 10%… them move the digital sales tax up to 10%! That would get tech bros attention…. | |||
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"It looks like the UK are on the minimum list… 10% tariffs .. 25% on cars It is a dead cert that the Labour party will use the tariffs as the reason why the economy is tanking and or a recession is on the horizon.
And they would not be wrong….. it’s willful economic vandalism!
If I was labour.. and the us is going to put a baseline tariff of 10%… them move the digital sales tax up to 10%!
That would get tech bros attention…."The majority of the countries that trade with the USA have higher import tariffs than the USA impose on them, it hasn't harmed those countries or caused wilful vandalism of their economy, the tariffs will only harm the countries with high import tariffs of usa goods. | |||
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"It looks like the UK are on the minimum list… 10% tariffs .. 25% on cars It is a dead cert that the Labour party will use the tariffs as the reason why the economy is tanking and or a recession is on the horizon.
And they would not be wrong….. it’s willful economic vandalism!
If I was labour.. and the us is going to put a baseline tariff of 10%… them move the digital sales tax up to 10%!
That would get tech bros attention…."I'm not sure the maths adds up here. We increase DST by 10% it would generate around £40 - £50 million extra tax, that’s a drop in the ocean compared to the £71 billion trade surplus we have with the US. A strategic less aggressive response might cost us less and allow us room to negotiate. | |||
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"Presumably it will be open to every country now to approach the US and say “yes we see your point about the tariff imbalance here, we are prepared to reduce or remove X tariffs on US imports if you lower or remove these US tariffs you just introduced on our exports to the US”." Only if those countries actually have tariffs on US imports. In our case Trump is claiming that VAT is a tariff on US goods. It'll take a lot of work for us to remove that. | |||
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"no tariffs on russia then .... hmmmm" Ukraine? Could be the orange man child despite being played has listened to some adult in the room about trying to get peace first..? | |||
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"no tariffs on russia then .... hmmmm Ukraine? Could be the orange man child despite being played has listened to some adult in the room about trying to get peace first..?" you could spin it like that .... but it would be obvious spin | |||
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"no tariffs on russia then .... hmmmm Ukraine? Could be the orange man child despite being played has listened to some adult in the room about trying to get peace first..? you could spin it like that .... but it would be obvious spin" I'm not trying to spin .. Just a thought is all.. | |||
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"Could the tariffs be a good thing for the UK? With such high tariffs across the EU, China etc could we become a cheaper alternative. Every cloud...." It's a tricky one to call as is how to deal with it.. No doubt some will scream from the sidelines but would they like to be in the hot seat with such things and dealing with someone who is known to react like a child when crossed.. | |||
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"no tariffs on russia then .... hmmmm" There is zero trade because of sanctions.🤦♂️ | |||
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"Could the tariffs be a good thing for the UK? With such high tariffs across the EU, China etc could we become a cheaper alternative. Every cloud.... It's a tricky one to call as is how to deal with it.. No doubt some will scream from the sidelines but would they like to be in the hot seat with such things and dealing with someone who is known to react like a child when crossed.." I honestly don't think we have a lot to worry about and we could have a lot to gain. We have £71 billion surplus with the US and the 10% uplift is not going to bite to hard into that surplus. However, this announcement has indicated we are a safer base to export from, and a cheaper base to export from. Regardless now if Trump reverses the tariffs on other countries or not the message is loud and clear. Well that is what I would be saying as foreign secretary as I race around the EU, China and Japan. Where is Lammy? | |||
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"no tariffs on russia then .... hmmmm Ukraine? Could be the orange man child despite being played has listened to some adult in the room about trying to get peace first..? you could spin it like that .... but it would be obvious spin I'm not trying to spin .. Just a thought is all.." didn't mean you personally, i'll rephrase .... one could spin it like that .... but it would be obvious spin  | |||
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"Could the tariffs be a good thing for the UK? With such high tariffs across the EU, China etc could we become a cheaper alternative. Every cloud.... It's a tricky one to call as is how to deal with it.. No doubt some will scream from the sidelines but would they like to be in the hot seat with such things and dealing with someone who is known to react like a child when crossed.. I honestly don't think we have a lot to worry about and we could have a lot to gain. We have £71 billion surplus with the US and the 10% uplift is not going to bite to hard into that surplus. However, this announcement has indicated we are a safer base to export from, and a cheaper base to export from. Regardless now if Trump reverses the tariffs on other countries or not the message is loud and clear. Well that is what I would be saying as foreign secretary as I race around the EU, China and Japan. Where is Lammy? " Valid points.. lammy..  no idea.. | |||
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"no tariffs on russia then .... hmmmm Ukraine? Could be the orange man child despite being played has listened to some adult in the room about trying to get peace first..? you could spin it like that .... but it would be obvious spin I'm not trying to spin .. Just a thought is all.. didn't mean you personally, i'll rephrase .... one could spin it like that .... but it would be obvious spin " | |||
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"no tariffs on russia then .... hmmmm" do russia export anything yo the u.s? I thought the americans had put sanctions on them so cant really see why he wpuld impose tarrifs on then, seems a waste of time if they aint trading with them to begin with | |||
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"no tariffs on russia then .... hmmmmdo russia export anything yo the u.s? I thought the americans had put sanctions on them so cant really see why he wpuld impose tarrifs on then, seems a waste of time if they aint trading with them to begin with" antarctica doesn't trade with the US but the place still had tariffs imposed bizarrely | |||
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"no tariffs on russia then .... hmmmmdo russia export anything yo the u.s? I thought the americans had put sanctions on them so cant really see why he wpuld impose tarrifs on then, seems a waste of time if they aint trading with them to begin with antarctica doesn't trade with the US but the place still had tariffs imposed bizarrely" He frozen them out completely. | |||
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"no tariffs on russia then .... hmmmmdo russia export anything yo the u.s? I thought the americans had put sanctions on them so cant really see why he wpuld impose tarrifs on then, seems a waste of time if they aint trading with them to begin with antarctica doesn't trade with the US but the place still had tariffs imposed bizarrely He frozen them out completely." | |||
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"no tariffs on russia then .... hmmmmdo russia export anything yo the u.s? I thought the americans had put sanctions on them so cant really see why he wpuld impose tarrifs on then, seems a waste of time if they aint trading with them to begin with" America put tarrifs on about a dozen “countries” that have no human population on them so their Russia “position” was an interesting admission In “theory” there should be no trade between the US and Russia at the moment because of all the sanctions that have been applied…but they should still been at the basic 10% levels | |||
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"Could the tariffs be a good thing for the UK? With such high tariffs across the EU, China etc could we become a cheaper alternative. Every cloud...." The BBC touched on that fact to, saying it will make UK products more competitive over other countries that have been hit with higher tariffs. Still an American competitor will be in the best position which I guess is the aim. Need to see what the EU response is and if the UK go the same way. Reading just now that the government has drawn up a 400 page document of American products they are considering applying tariffs to. | |||
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"Could the tariffs be a good thing for the UK? With such high tariffs across the EU, China etc could we become a cheaper alternative. Every cloud.... The BBC touched on that fact to, saying it will make UK products more competitive over other countries that have been hit with higher tariffs. Still an American competitor will be in the best position which I guess is the aim. Need to see what the EU response is and if the UK go the same way. Reading just now that the government has drawn up a 400 page document of American products they are considering applying tariffs to." This is a brexit benefit, we need to ride this wave and grab the opportunities. Expand free trade ports and lets get exporting, we are sitting in the sweet spot. If the government is serious about growth, this is it the moment to push. | |||
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