[GJM] [Intertax] FT - letters - Business will not be happy until it is free of any tax obligations - 19 SEPT 2006

[robert searle]

Dear All


      Businesses will find Transfinancial Economics
extremely tempting to say the least in spite of the
super-flexible electronic controls over inflation. For
them, that would be a small price to pay for a world
free of interest on loans, and taxation. We have the
technology to do it.


  
http://kheper.net/essays/Transfinancial_Economics.html


Moreover, corporations could benefit too because
capital to create new eco-friendly technologies, and
factories would always be available as interest free
loans, and business grants from certain NGOs.
Furthermore, any losses due to such changeovers for
shareholders would be instantly copensated, and if
necessary such gargantuan companies could in part be
subsidised. This could be the way forward


I am sure I have mentioned the above before. But is is
very IMPORTANT. 


    MONEY + EFFECTIVE PLANNING + RELEVANT RESOURCES =
POWER AND CONTROL OVER LIMITED RESOURCES.


R.Searle.





Christensen tjn <Christensen.tjn at neweconomics.org>
wrote:

>  
> 
> FT: Business will not be happy until it is free of
> any tax obligation
> 
> 
> By John Christensen and Richard Murphy 
> 
> Published: September 19 2006 03:00 | Last updated:
> September 19 2006 03:00
> 
> >From Mr John Christensenand Mr Richard Murphy.
> 
> Sir, We are bombarded daily with calls from industry
> for tax cuts (Letters, September 18) and increased
> tax competition even though the evidence suggests
> the effective tax rate in Britain is well below the
> headline rate.
> 
> We support competition, but think business should
> compete on the basis of innovation and the quality
> and price-competitiveness of its products, rather
> than continually looking for state subsidy - direct
> and indirect - to create a "competitive"
> environment. Tax competition has forced many
> developing countries to undermine their revenue
> bases in their efforts to attract inward investment
> with no benefit to anyone other than shareholders
> overseas. Throughout the world we see a shift of the
> tax burden from capital to labour and consumers.
> 
> It is time the issue of tax competition was examined
> afresh since it is quite clear business will not be
> happy until we reach the stage where it pays no tax.
> That might suit some in business, but for the
> economy as a whole it makes no sense. Worse still,
> it would distract from the role of enterprise -
> which is adding real value, not trading fiscal
> rules.
> 
> Tax Justice Network - UK,  London SE11 5NH
> 
> Copyright
> <http://www.ft.com/servicestools/help/copyright> 
> The Financial Times Limited 2006
> 
>  
>  
> +++++++
> John Christensen 
> Director,  Tax Justice Network International
> Secretariat
> tel  +44 (1) 494 793 922  -  mobile  07979 868 302 
> -  skype  jechristensen3153
> email  christensen.tjn at neweconomics.org
> <mailto:christensen.tjn at neweconomics.org>    -  
> website  www.taxjustice.net/
> <http://www.taxjustice.net/>  
>  
> Visit Tax Justice Network for Africa at
> www.taxjustice4africa.net
> <http://www.taxjustice4africa.net/>  
> Visit Offshore Watch at http://aabaglobal.org/
> <http://aabaglobal.org/> 
> _
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