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The Brexit Thread (LOCKED)

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Kermit8 Flag Hevon 06 Jul 17 2.15pm Send a Private Message to Kermit8 Add Kermit8 as a friend

Originally posted by Stirlingsays

We get it...you are a remainer. The SNP don't like Brexit either. Why don't you be true to your mooted allegiance and move to your Scottish socialist paradise.....Or you could do like Europalace has and move to the EU that you love so much.

Did you actually read the article that you reported?

It actually presents a far more balanced view than you appear to.

The reality is that the EU isn't doing well at all. European banks have been bailed out yet again....Many on the blink of failure....Most economic data of the recent past showing very favourable UK growth and you jump on one quarter.

People like you would have put us in the Euro.

I am not sure celebrating our economic growth in the past is a strong enough argument is allay any concerns about the first financial quarterly results this year. If we do it your way and not look to the next set if they are low too compared to other EU countries and look at past results again then I suppose we could keep up the mask of hoo-rah for Brexit!

How long shall we do it for? I'll swot up on economic data for 2006 just in case.

 


Big chest and massive boobs

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npn Flag Crowborough 06 Jul 17 2.16pm Send a Private Message to npn Add npn as a friend

Originally posted by nickgusset

I see that the EU have just completed a trade deal with Japan. Took just over 2 years to negotiate.

Can anyone tell me if we are going to get a better trade deal with Japan now we aren't part of the largest trading block in the world.

No they haven't. They've agreed an outline to a trade deal - they say it could be many years before anything is signed

"However, few specific details are known and a full, workable agreement may take some time.
Two of the most important sectors are Japanese cars and, for Europe, EU farming goods into Japan.
The outline plan was signed in Brussels after a meeting between the Japanese Prime Minister, Shinzo Abe, and the European Commission president, Jean-Claude Juncker."

 

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Kermit8 Flag Hevon 06 Jul 17 2.17pm Send a Private Message to Kermit8 Add Kermit8 as a friend

Originally posted by nickgusset

I see that the EU have just completed a trade deal with Japan. Took just over 2 years to negotiate.

Can anyone tell me if we are going to get a better trade deal with Japan now we aren't part of the largest trading block in the world.

Japan have already said 'unfortunately not but admire our tenacity in committing economic harakiri'

 


Big chest and massive boobs

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matt_himself Flag Matataland 06 Jul 17 2.37pm Send a Private Message to matt_himself Add matt_himself as a friend

Originally posted by Kermit8


What bit of "First quarter figures of 0.2% GDP growth beaten by every other nation in 28-country bloc as weaker pound after the Brexit vote fuels price inflation" don't you understand?

I understand that. What I put to you was that the UK's year-on-year growth is the same as the EU and slightly better than the Eurozone's. Judging imminent Brexit on one quarterly economic report appears flimsy and politically driven.

 


"That was fun and to round off the day, I am off to steal a charity collection box and then desecrate a place of worship.” - Smokey, The Selhurst Arms, 26/02/02

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matt_himself Flag Matataland 06 Jul 17 2.47pm Send a Private Message to matt_himself Add matt_himself as a friend

Originally posted by europalace

Malta's financial services offer companies a full range of corporate services as found in the UK or any other large economy and also wealth management in the same way for individuals, again services that can also be found in the UK. Corporation tax is lower in Malta than the UK but so are several other countries. Using the term 'tax haven' is a misnomer because the UK offers corporation tax levels lower than Germany for example, so the UK could be seen as a 'tax haven' also in that respect. Personal income tax levels are lower in Malta than the UK and several other countries but the country doesn't have massive infrastructure to support.

A lot of people appear to be using the 'misnomer' of describing Malta as a tax haven:

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With EU countries delving the Panama Papers for evidence of wrongdoing in Malta, politicians questioning the rule of law in the country and allegations flying around that Malta funnels money for some very unsavoury characters, it appears that all may not be as you make it out.

 


"That was fun and to round off the day, I am off to steal a charity collection box and then desecrate a place of worship.” - Smokey, The Selhurst Arms, 26/02/02

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europalace Flag Europe 06 Jul 17 3.44pm Send a Private Message to europalace Add europalace as a friend

Originally posted by matt_himself

A lot of people appear to be using the 'misnomer' of describing Malta as a tax haven:

[Link]

[Link]

[Link]

[Link]

With EU countries delving the Panama Papers for evidence of wrongdoing in Malta, politicians questioning the rule of law in the country and allegations flying around that Malta funnels money for some very unsavoury characters, it appears that all may not be as you make it out.

The Panama papers talk about several countries but again. Malta is a small country, so easy point a finger at but at the end of the day every country including the UK has 'allegations' against it. What is true though is that Malta's economy has always been good, even in times of recession such as 2008-2012.

With regards to tax avoidance you mentioned earlier, are you sure you know what that term means? Millions of people in the UK use tax avoidance methods such as putting money into pension plans instead of regular investments, diverting £billions away from the treasury each year. People also use accountants and financial advisers to avoid paying tax in a myriad of other areas such as BTL properties, company cars and other assets for the self employed etc.

I know it won't make your attempted case better but I'm not Maltese, sorry to disappoint you. You also need to learn the difference between tax avoidance and tax evasion - big difference that you seem not to understand.

Edited by europalace (06 Jul 2017 3.48pm)

 

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steeleye20 Flag Croydon 06 Jul 17 3.46pm Send a Private Message to steeleye20 Add steeleye20 as a friend

Originally posted by matt_himself

I understand that. What I put to you was that the UK's year-on-year growth is the same as the EU and slightly better than the Eurozone's. Judging imminent Brexit on one quarterly economic report appears flimsy and politically driven.

No it's economic short-termism but that's how the country is run the drop in value of the £ for example is lauded as great for the economy but now it seems like something permanent it is a different story.

 

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europalace Flag Europe 06 Jul 17 4.24pm Send a Private Message to europalace Add europalace as a friend

Originally posted by steeleye20

No it's economic short-termism but that's how the country is run the drop in value of the £ for example is lauded as great for the economy but now it seems like something permanent it is a different story.

In any healthy economy a weakened currency will pay when it comes to exports. Unfortunately in the UK's case this is not so. The UK's 'manufacturing' industry is in reality an 'assembly' industry. It assembles basic components to make an end product of export. However, few if any of the basic component inventory are manufactured locally, they are imported. This makes the cost of UK 'manufacture' negatively affected by a weak Sterling. These imports are of course exports from the EU in many cases, helping keep the Euro strong and leading to the ECB continuing its policy of QE in order to offset that strength.

 

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matt_himself Flag Matataland 06 Jul 17 4.44pm Send a Private Message to matt_himself Add matt_himself as a friend

Originally posted by europalace

The Panama papers talk about several countries but again. Malta is a small country, so easy point a finger at but at the end of the day every country including the UK has 'allegations' against it. What is true though is that Malta's economy has always been good, even in times of recession such as 2008-2012.

With regards to tax avoidance you mentioned earlier, are you sure you know what that term means? Millions of people in the UK use tax avoidance methods such as putting money into pension plans instead of regular investments, diverting £billions away from the treasury each year. People also use accountants and financial advisers to avoid paying tax in a myriad of other areas such as BTL properties, company cars and other assets for the self employed etc.

I know it won't make your attempted case better but I'm not Maltese, sorry to disappoint you. You also need to learn the difference between tax avoidance and tax evasion - big difference that you seem not to understand.

Edited by europalace (06 Jul 2017 3.48pm)

So your answer is lots of countries do it and you finish with a classic 'I am beaten but will try and make the other guy look stupid' deflection?

The line about you not being Maltese is laughable, given your posts in how great Malta is compared to the UK. You now drop your allegiance to Malta because you don't have the ability to defend against these allegations? How fickle.

 


"That was fun and to round off the day, I am off to steal a charity collection box and then desecrate a place of worship.” - Smokey, The Selhurst Arms, 26/02/02

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europalace Flag Europe 06 Jul 17 5.20pm Send a Private Message to europalace Add europalace as a friend

Originally posted by matt_himself

So your answer is lots of countries do it and you finish with a classic 'I am beaten but will try and make the other guy look stupid' deflection?

The line about you not being Maltese is laughable, given your posts in how great Malta is compared to the UK. You now drop your allegiance to Malta because you don't have the ability to defend against these allegations? How fickle.

Wow, you seem to be a classic keyboard warrior looking for a punch up. Well, sorry to disappoint you but I've got a very nice life and no time for people who are clearly jealous of that like yourself. I detected from your original reply that you were fishing for an argument. Well you won't get one from me. Unlike yourself, I actually live or have lived in the countries I comment on, while all you have as information is the media.

You decided to denigrate a country that you have little or no knowledge about and clearly were aiming at me as a national of that country. Well, I'm not as I stated and that's clearly burst your balloon. Tough titties for you. You are clearly frustrated by the mire your own country has put itself in.

You should also go on a finance 101 course as you clearly don't even understand the difference between tax avoidance and tax evasion.

Looks like your fishing expedition has ended up with you losing all of your gear because you didn't know how to use it. How does the saying go in the UK, 'all the gear and no idea'!

Edited by europalace (06 Jul 2017 5.22pm)

 

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steeleye20 Flag Croydon 06 Jul 17 5.26pm Send a Private Message to steeleye20 Add steeleye20 as a friend

Originally posted by europalace

Wow, you seem to be a classic keyboard warrior looking for a punch up. Well, sorry to disappoint you but I've got a very nice life and no time for people who are clearly jealous of that like yourself. I detected from your original reply that you were fishing for an argument. Well you won't get one from me. Unlike yourself, I actually live or have lived in the countries I comment on, while all you have as information is the media.

You decided to denigrate a country that you have little or no knowledge about and clearly were aiming at me as a national of that country. Well, I'm not as I stated and that's clearly burst your balloon. Tough titties for you. You are clearly frustrated by the mire your own country has put itself in.

You should also go on a finance 101 course as you clearly don't even understand the difference between tax avoidance and tax evasion.

Looks like your fishing expedition has ended up with you losing all of your gear because you didn't know how to use it. How does the saying go in the UK, 'all the gear and no idea'!

Edited by europalace (06 Jul 2017 5.22pm)

Well M that is deserved I think Euro knows if he is maltese or not.

Does that make him a malteser ????

 

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europalace Flag Europe 06 Jul 17 5.31pm Send a Private Message to europalace Add europalace as a friend

Originally posted by steeleye20

Well M that is deserved I think Euro knows if he is maltese or not.

Does that make him a malteser ????

Even on this little island most understand what the effects of QE are and yet this guy who starts fishing doesn't even know and catches something that bites his hand off and swallows all of his gear. A classic brexiteer, clueless about anything in a 'foreign' country.

 

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