VAT and its woes

[dogtrack 346]

Seems that Scotflight have suspended sales until matters are more clear. What was the old saying?....it never rains, but it pours.

[Kevin Firth 114]

well the EU hasnt exactly got a good reputation for effective financial controls, what on earth makes anyone think they're competent to go messing around in (already far too complex) tax codes without causing a big fat mess...

*sigh* I am more than sometimes stunned by the ineptness of those who attempt to govern us...far too often even a village fool could predict negative consequences of their legislation that seems to evade them until its too late!

K

[dogtrack 346]

Probably Iain is referring to Non EU purchases. Not the home market.

[Kevin Firth 114]

Doubt it, the legislation Iain referred to affects only the EU, other purchasors pay nil added VAT I think...

[dogtrack 346]

Flow chart here on how it is all supposed to work....I use the term "work" loosely.

 

https://dl.dropboxusercontent.com/u/75114675/VAT_MOSS_Flow_chart.pdf

[MartinW 0]

*sigh* I am more than sometimes stunned by the ineptness of those who attempt to govern us...far too often even a village fool could predict negative consequences of their legislation that seems to evade them until its too late!

K

 

In that case you should check TTIP. It will [or should] scare the pants off you.

 

It's sold to us as merely a trade treaty, but in reality they are looking at all the regulations  that keep us safe from corporate predators. All of those safeguards will be lowered. Forget about controls on parasitic corporations. They are also setting up Investor State Dispute Settlement, a separate judicial system just for huge corporations, they will have their own courts with just three corporate lawyers, meeting in secret. No recourse from ordinary people. Essentially it means that no state will be able to impose legislation on a company if it means they won't make money. It's an assault on democracy. Already, the government in Ecuador has been sued by a US mining corporation for $1.7 billion, because the government shut them down for not abiding by the terms of their contact and Ecuadorian law. They are essentially kangaroo courts that big corporations can use to sue government.

 

Philip Morris are suing El Salvador  at the moment because they have been made to sell their product in plain packaging. Guess how much for... 300 million, half the country's national budget. A Canadian mining company are also suing El Salvador, because the mine they planned to dig was disallowed because there was a danger of poisoning the water supply.They are suing for taking away "future anticipated profits".

 

And guess what. David Cameron loves TTIP. Cameron tells us he intends to put rocket boosters under TTIP because it's an awesome idea.

http://www.independent.co.uk/voices/comment/what-is-ttip-and-six-reasons-why-the-answer-should-scare-you-9779688.html

Have you heard about TTIP? If your answer is no, don’t get too worried; you’re not meant to have.

 

The Transatlantic Trade and Investment Partnership is a series of trade negotiations being carried out mostly in secret between the EU and US. As a bi-lateral trade agreement, TTIP is about reducing the regulatory barriers to trade for big business, things like food safety law, environmental legislation, banking regulations and the sovereign powers of individual nations. It is, as John Hilary, Executive Director of campaign group War on Want, said: “An assault on European and US societies by transnational corporations.”

 

 

 

The NHS will be under threat, food safety will be under threat, banking regulations will be eroded, the EU have admitted that jobs will be lost, democracy will be assaulted.

 

 

[markhudson6 13]

Cameron loves anything his parties financial backers tell him to like.

 

However, someone is leaking TTIP internal documents to WikiLeaks.

 

https://wikileaks.org/tpp-ip2/

 

You can read the secret TTIP Chapter here.

 

https://wikileaks.org/tpp/static/pdf/Wikileaks-secret-TPP-treaty-IP-chapter.pdf

 

Regards,

M.

 

[MartinW 0]

Thanks Mark, scary stuff. Even more frightening that the average person has never heard of TTIP and has no idea what the evil whatsits are up to.

[allardjd 1,853]

It seems I'm reading and commenting on old threads these days.

 

I point out that, 3-1/2 years later there is still no TTIP and there isn't likely to be one anytime soon.  The sky was not falling after all.

 

I'm no expert on the details of TTIP, but suspect that the Brexit referendum result and the election of Donald Trump pretty much knocked the wheels of that particular government initiative.

 

John