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Stuff tax £s up Nissan's backside to keep 'em from leaving - way to save the economy! watch

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    Nissan's bribe will be paid for by smaller British companies who don't have the muscle to bend the government's ear.

    So Brexit means paying foreign companies and foreign countries in this case France and Japan with money taken from British taxpayers.
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    (Original post by Good bloke)
    Our negotiators will have failed if they put the Germans in Dreamland while stifling our own economy. It's got to be both or neither; we both have to benefit.
    Most negotiators on the British side will be foreign since Britian hasn't had to negotiate any large scale trade deals for decades and now its going to have to negotiate dozens in the space of a few years.
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    (Original post by 999tigger)
    It really hasnt. You just look like someoen who doesnt keep up with the news and is just backpedalling to find a way out.
    Oh, it very much has - you're just looking for a way out after having been stupid enough to not read everything before typing your ignorant drivel.

    Why would Nissan -a company I might or might not work for- stay and risk a huge hit in profitability without guarantees or compensation? You're properly deluded if you really think that.
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    (Original post by pmc:producer)
    Is it? Really? I'll just leave this here:
    https://www.ft.com/content/bab284e4-...4-8b8e77dd083a

    Pay particular attention to the figure that illustrates how the level of most recent growth is equal to or better than anything experienced the year pre-Brexit and faster than predicted before any Brexit vote.
    Ah, ever the economically ignorant, under-educated Brexiteer, taking the short-term view that your little brain might just be about able to comprehend.

    - Growth was down in the three months after the vote - and it's only at the measly level that it's at because the Bank of England -in pure desperation- has dropped interest rates in August, and said it might drop again soon
    - Confidence in the small business sector is down
    - Financial services -your biggest and only major industry- are starting to relocate
    - The Pound is massively down, jacking up raw material, parts, and consumer prices which will soon hit through on consumer spending
    - OECD just cut its forecast for UK economic growth IN HALF for next year
    - FTSE rally is driven only by stocks of international, diversified corporations who will feel the impact from Brexit less and whose shares can be bought for cheap now thanks to your collapsed currency. Britain-focused companies aren't even up
    - Unemployment is up

    The list goes on pretty much endlessly - I just think your utter, deluded b/s has been sufficiently destroyed now and I don't want to waste any more time on you. You, like all Brexiteers, are the laughing stock of Europe already.

    I will, however, leave this here for you, might give you some helpful pointers on how to survive the very tough years ahead:

    http://inktank.fi/10-top-self-comfor...aiting-brexit/
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    (Original post by Good bloke)
    Brexit is a major threat to the German economy, you mean.
    A major threat - you're having a laugh! Do you even know the share of trade we do with you lot?

    (Original post by Good bloke)
    With 10% tariffs and a 20% devalued pound BMW, Bosch, VW-Audi and the like must be quaking in their boots at the thought of Britain leaving the EU and seeing their market go up in smoke,
    German brands sell as many cars in China in 3 days as they do in a month in Britain. As usual, you gravely overstate the importance of Britain.

    Convenient that Minis, Rolls-Royces, and Bentleys -all German-owned- are made in Britain.

    And 'go up in smoke'? What home-made high-quality mass-market or premium cars will Brits buy then? Jaguars? What a joke. See the profits from that disappear to India. Fords? Most of them made in Cologne. There is no alternative to German cars, son, and people will happily pay a higher price!

    (Original post by Good bloke)
    while British goods hitting the German market are a net 10% cheaper.
    What British goods? You lot don't make anything of note! Have a look at this:
    https://www.theguardian.com/commenti...itain-flourish

    (Original post by Good bloke)
    Here's my prediction: The EU will decline to give Britain access to the single market without free movement; Britain will go its own way; Britain will implement a 10% corporation tax rate and screw the EU.
    Of course the EU will decline that - you lot burned the bridges, and deserve to be punished.

    Halving the corporate tax will mean a huge hit on tax revenue, and your budget is already overstretched. Income tax or VAT would need to go up - and it wouldn't even attract that many companies as countries on the continent would also lower their corporate tax rates. It would also affect the public finances of Scotland, Wales and NI, and that puts even more strain on the union which is already breaking apart.

    It's a foolish and moot threat that will count for nothing at the negotiation table. Nice try though.
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    (Original post by TitanicTeutonicPhil)
    German brands sell as many cars in China in 3 days as they do in a month in Britain. As usual, you gravely overstate the importance of Britain.
    And you forget the other goods. Germany exports 25% more to Britain than it does to China. The UK is Germany's third largest customer, and represents 7.5% of its whole export trade. If that isn't significant I don't know what is.

    https://www.destatis.de/EN/FactsFigu...ublicationFile

    In fact, the UK exchequer would benefit significantly from a 10% tariff, which makes reduced corporation tax very viable. A 10% tax on import revenue instead of a tax on entirely fictional and artificially-low profits could be a very good deal for the taxpayer.
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    (Original post by Good bloke)
    And you forget the other goods. Germany exports 25% more to Britain than it does to China. The UK is Germany's third largest customer, and represents 7.5% of its whole export trade. If that isn't significant I don't know what is.

    https://www.destatis.de/EN/FactsFigu...ublicationFile

    In fact, the UK exchequer would benefit significantly from a 10% tariff, which makes reduced corporation tax very viable. A 10% tax on import revenue instead of a tax on entirely fictional and artificially-low profits could be a very good deal for the taxpayer.
    Britain is a customer but also a competitor in cars and other things with Germany. If Germany could make British made cars more expensive with tariffs, it makes British made cars more expensive for EU customers compared to German made cars so they get a price advantage.

    The May government already knows this. Thats why they done a secret deal with Nissan to try to keep them in Britain. It shows how weak the British situation is and the EU knows this as well. If it comes to buying jobs, Germany has a budget surplus while Britain has to borrow the money to buy jobs and every exporter not only car maker will demand they get the same deal or they move to the EU even if they had no intention of going.

    You do realise a 10% tariff in the case of cars will be paid by the buyer and is basically a tax so do you really want a 10% increase in tax on cars and more on other things like food?
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    (Original post by Maker)
    You do realise a 10% tariff in the case of cars will be paid by the buyer and is basically a tax so do you really want a 10% increase in tax on cars and more on other things like food?
    If there is a 10% tariff on cars for both sides, the UK government would have a net gain in tariff revenue vs Germany. This is not simply not a good option for Germany to take. Also if the UK government is to use this extra revenue to subsidise tariffs, or to offer financial support to the UK automotive industry, this would make the industry even more competitive.

    To put it simply, it would be very foolish for the EU to impose a tariff on cars. The German car industry alone would lobby against it since it affects a very sizeable chunk of their business.
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    (Original post by Maker)
    . If Germany could make British made cars more expensive with tariffs, it makes British made cars more expensive for EU customers compared to German made cars so they get a price advantage.
    Well, no. The UK-made cars are a net 20% cheaper, even after tariffs, abroad because of the devaluation of sterling, so are more competitive.
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    (Original post by Good bloke)
    Well, no. The UK-made cars are a net 20% cheaper, even after tariffs, abroad because of the devaluation of sterling, so are more competitive.
    British made cars have on average 60% foreign made parts by value and the parts are priced in USD, Euro and Yen so British made cars won't be 20% cheaper. Even the British made parts are made with imported plastic and metal so the price advantage will probably be in the 5% range and if there were 10% tariffs, the best could be break even or a loss.

    Why do you think Nissan is so keen to get government assurances after Brexit if British made cars would have a 20% advantage? If what you say is true, car makers and other manufacturers would be flocking to Britian but the fact is, they are worried and want the government to give them guarantees that they will get compensation if Brexit screwed them.
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    (Original post by CherishFreedom)
    If there is a 10% tariff on cars for both sides, the UK government would have a net gain in tariff revenue vs Germany. This is not simply not a good option for Germany to take. Also if the UK government is to use this extra revenue to subsidise tariffs, or to offer financial support to the UK automotive industry, this would make the industry even more competitive.

    To put it simply, it would be very foolish for the EU to impose a tariff on cars. The German car industry alone would lobby against it since it affects a very sizeable chunk of their business.
    The tariff does not come from Germany, it comes from British buyers paying extra for imported cars and other stuff. WTO rules forbid governments subsidising tariffs.

    The German car industry has already agreed with Merkel keeping the EU intact is more important than losing market share in Britian.
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    (Original post by Maker)
    The tariff does not come from Germany, it comes from British buyers paying extra for imported cars and other stuff. WTO rules forbid governments subsidising tariffs.

    The German car industry has already agreed with Merkel keeping the EU intact is more important than losing market share in Britian.
    Tariff are usually mutually applied, if the EU apply it on our cars, we can do it conversely resulting in a net revenue.

    While the WTO forbid subsidising tariffs, government support can be applied in other forms such as grants, which can be financed by the extra tariff revenue.

    I don't think the German car industry had agree anything with their government. It would be very peculiar if they did. I think you are making an assumption to prove your point here.
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    (Original post by CherishFreedom)
    Tariff are usually mutually applied, if the EU apply it on our cars, we can do it conversely resulting in a net revenue.

    While the WTO forbid subsidising tariffs, government support can be applied in other forms such as grants, which can be financed by the extra tariff revenue.

    I don't think the German car industry had agree anything with their government. It would be very peculiar if they did. I think you are making an assumption to prove your point here.

    http://www.telegraph.co.uk/news/2016...t-warns-merke/
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    (Original post by Josb)
    There will probably be a free trade agreement on goods, but not on services.
    If they don't give us free trade for services then the agreement is not worth signing. As much as people have a fetish for car production, that is not what keeps most people in the country employed, pays most of the corporation tax or what the UK is known for.
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    The article really doesn't state what you claimed. It doesn't mention that the German car industry had agreed anything with their government.

    I'm not sure where you extracted this idea from.
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    (Original post by TitanicTeutonicPhil)
    Ah, ever the economically ignorant, under-educated Brexiteer, taking the short-term view that your little brain might just be about able to comprehend.

    - Growth was down in the three months after the vote - and it's only at the measly level that it's at because the Bank of England -in pure desperation- has dropped interest rates in August, and said it might drop again soon
    - Confidence in the small business sector is down
    - Financial services -your biggest and only major industry- are starting to relocate
    - The Pound is massively down, jacking up raw material, parts, and consumer prices which will soon hit through on consumer spending
    - OECD just cut its forecast for UK economic growth IN HALF for next year
    - FTSE rally is driven only by stocks of international, diversified corporations who will feel the impact from Brexit less and whose shares can be bought for cheap now thanks to your collapsed currency. Britain-focused companies aren't even up
    - Unemployment is up

    The list goes on pretty much endlessly - I just think your utter, deluded b/s has been sufficiently destroyed now and I don't want to waste any more time on you. You, like all Brexiteers, are the laughing stock of Europe already.

    I will, however, leave this here for you, might give you some helpful pointers on how to survive the very tough years ahead:

    http://inktank.fi/10-top-self-comfor...aiting-brexit/
    Wow. Part of me wants to embarass you here and now, part of me remembers you're a troll.

    Don't quote me again, lets never interact. Please.
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    (Original post by CherishFreedom)
    The article really doesn't state what you claimed. It doesn't mention that the German car industry had agreed anything with their government.

    I'm not sure where you extracted this idea from.
    Merkel will just give them a few inducements to keep quite, just like the British with Nissan except the Germans can afford it.
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    (Original post by Maker)
    The German car industry has already agreed with Merkel keeping the EU intact is more important than losing market share in Britian.
    The article you linked demonstrates that the true situation is that Merkel is telling German industry that there can be no free trade without free movement, no matter what they want, and that German industry is reluctantly saying that her stance means that a hard Brexit is increasingly likely. It doesn't say that German industry has ceased lobbying for something different, not that it doesn't still want something different, not that German industry agrees with Merkel.
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    (Original post by Good bloke)
    The article you linked demonstrates that the true situation is that Merkel is telling German industry that there can be no free trade without free movement, no matter what they want, and that German industry is reluctantly saying that her stance means that a hard Brexit is increasingly likely. It doesn't say that German industry has ceased lobbying for something different, not that it doesn't still want something different, not that German industry agrees with Merkel.
    As long as German industry do as they are told, it doesn't matter if they agree with her or not.
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    (Original post by Maker)
    Merkel will just give them a few inducements to keep quite, just like the British with Nissan except the Germans can afford it.
    The article did not imply that in any way.

    Also the UK government did not give Nissan any 'inducement'.

    http://www.bbc.co.uk/news/uk-politics-37795464
    http://www.bbc.co.uk/news/uk-politics-37815864
 
 
 
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