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Price drop??????????????


Walker570
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With this trade agreement with Japan and the fact we are no longer in the clutches of the EU, does this mean we may see a price drop in Japanese made scopes, binos etc etc ?

In the past anyhting coming in from an outside source has been liable to about a 20% tarif which we had to pay to the EU. I assume this will not now be applied. JRM was saying that certain items would be cheaper once got out.  Anyone on here have any knowledge of the situation?

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38 minutes ago, Walker570 said:

With this trade agreement with Japan and the fact we are no longer in the clutches of the EU, does this mean we may see a price drop in Japanese made scopes, binos etc etc ?

In the past anyhting coming in from an outside source has been liable to about a 20% tarif which we had to pay to the EU. I assume this will not now be applied. JRM was saying that certain items would be cheaper once got out.  Anyone on here have any knowledge of the situation?

I doubt it. The EU already had a free trade (zero tariff) deal with Japan 🙈🙈🙈🙈

As we are still operating under that from within the EU during transition, what we have managed to broker is to stay on the same footing. Prices will stay the same, if not get worse is most likely.

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16 minutes ago, London Best said:

I am sure that in he entire history of the World, nothing has ever become cheaper!

Yes it has................................CRIME   !

Smack or give a good kicking to a Bobby, you will get suspended sentence or Community Service.  Have a large party and get fined £1000..................sums it all up  !

Edited by Westley
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On 12/09/2020 at 19:22, Walker570 said:

JRM was saying that certain items would be cheaper once got out.  

One thing certain is that on item that will be cheaper is JRM's tax bill. Have no doubt. Offshore Fund tax avoidance (as by the end of the 2020s the EU will have come down hard on this) for the benefit of the few sold to the many as "taking back control".

And the likes of Dyson export jobs that could be done in the UK to the Far East. I heard JRM saying that after we leave that the cost of tropical fruit would come down. Indeed in the Working Men's Clubs of North-East Somerset the talk is of little else but the price of kumquat post-Brexit.

Edited by enfieldspares
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9 minutes ago, enfieldspares said:

One thing certain is that on item that will be cheaper is JRM's tax bill. Have no doubt. Offshore Fund tax avoidance (as by the end of the 2020s the EU will have come down hard on this) for the benefit of the few sold to the many as "taking back control".

And the likes of Dyson export jobs that could be done in the UK to the Far East. I heard JRM saying that after we leave that the cost of tropical fruit would come down. Indeed in the Working Men's Clubs of North-East Somerset the talk is of little else but the price of kumquat post-Brexit.

Give it a rest the die is cast .

A communist/socialist  wonderland aint going to happen (not in my lifetime I hope)

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14 minutes ago, enfieldspares said:

One thing certain is that on item that will be cheaper is JRM's tax bill. Have no doubt. Offshore Fund tax avoidance (as by the end of the 2020s the EU will have come down hard on this) for the benefit of the few sold to the many as "taking back control".

And the likes of Dyson export jobs that could be done in the UK to the Far East. I heard JRM saying that after we leave that the cost of tropical fruit would come down. Indeed in the Working Men's Clubs of North-East Somerset the talk is of little else but the price of kumquat post-Brexit.

I think you’ve been drinking from the Libour cool aid. How exactly does JR-M benefit from tax avoidance that the EU would clamp down on? 

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58 minutes ago, AVB said:

JR-M benefit from tax avoidance that the EU would clamp down on? 

Google it. Below from the Financial Times, The Independent and the Daily Mail. Npne AFAIK papers of a Communist/Socialist wonderland or Labour Kool-Aid persuasion.

Conned by a Old-Etonian toff. People's reasons for voting "Remain" or "Leave" might be for this, of for that, or for many other valid reasons. But be in no doubt as to the reasons J R-M wanted out.

https://www.independent.co.uk/news/uk/politics/paradise-papers-tax-avoidance-eu-tax-haven-blacklist-uk-blocking-a8043881.html

https://ec.europa.eu/commission/presscorner/detail/en/IP_18_6853

Quote

https://www.ft.com/content/1ed96e72-4dbb-11ea-95a0-43d18ec715f5

Mehreen Khan in Strasbourg FEBRUARY 12 2020 104

The Cayman Islands will join Oman, Fiji, and Vanuatu on an EU blacklist of foreign tax havens, making it the first UK overseas territory to be named and shamed by Brussels for failing to crack down on tax abuse.

EU27 ambassadors on Wednesday took a decision to place the Cayman Islands on a nine-strong list of overseas tax territories that do not effectively co-operate with the EU, according to diplomats. The move comes less than a month after the UK’s exit from the EU. European finance ministers are set to confirm the move when they meet in Brussels next week. 

The statuses of the Cayman Islands and the British Virgin Islands — both overseas British territories — were up for review by the EU this month. Both were placed on a “grey list” that gives authorities time to introduce legislation to address tax deficiencies identified by Brussels.

Officials said the Cayman Islands did not pass legislation that adequately addressed concerns about companies who claim tax advantages but do not have a sufficient economic presence on the island.

An EU official said the law, which passed last year, was found to be “deficient”. The territory had also been asked to adapt its legislation on investment funds to bring the rules closer to EU standards.

As part of its opening gambit in trade talks, the EU has stressed the UK must abide by “level playing field” rules on EU tax standards and apply common rules to fight tax avoidance after Brexit. 

The commission did not comment on the decision and said the move was in the hands of member state governments. “EU finance ministers will evaluate the situation next week,” it said.

The EU first set up its list of tax havens in 2017 in an attempt to put pressure on countries to crack down on tax havens and unfair competition. Blacklisted countries face difficulties accessing EU funding programmes and European companies doing business in those jurisdictions have to take additional compliance measures. 

The designation has stoked diplomatic tensions between the US and EU after three overseas US territories were added. Brussels claims that the exercise has led to tax reform and greater transparency in more than 20 countries.

The blacklist, which is constantly revised, has shrunk from 15 countries in 2018 to eight currently.  As overseas territories with separate legal systems to the UK, the Caymans and British Virgin Islands were part of a screening exercise while Britain was still a member of the EU. EU member states are not subject to the tax screening. 

Officials said that Turkey, which is currently on the “grey” list, would not be moved to the blacklist despite concerns about its information sharing with some EU member states. The Bahamas and Armenia will also be removed.

Cui Bono? Who benefits?

Quote

Jacob Rees-Mogg is another example of a wealthy individual who benefits from the UK Government’s failure to shut down these offshore schemes. Much of his wealth, estimated to be around £150m, is located in the Cayman Islands. He recently boasted that investors in his Somerset Capital Management Company could get "super normal returns" by taking advantage of the economic crash caused by the pandemic. Many of these offshore tax havens are located in British Overseas Territories where for a "donation" of $15,000 you can gain citizenship, thus avoiding UK tax. Astonishingly Scotland is now advertised as an "offshore jurisdiction" where investors will benefit from "zero corporate taxes" and have "no obligations to file accounts with the Revenue Services".

 

https://www.dailymail.co.uk/news/article-5775673/Moggs-Moscow-Millions-Brexiteers-firm-poured-fortune-Russian-companies.html

Edited by enfieldspares
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13 minutes ago, enfieldspares said:

Google it. Below from the Financial Times, The Independent and the Daily Mail. Npne AFAIK papers of a Communist/Socialist wonderland or Labour Kool-Aid persuasion.

Conned by a Old-Etonian toff. People's reasons for voting "Remain" or "Leave" might be for this, of for that, or for many other valid reasons. But be in no doubt as to the reasons J R-M wanted out.

https://www.independent.co.uk/news/uk/politics/paradise-papers-tax-avoidance-eu-tax-haven-blacklist-uk-blocking-a8043881.html

https://ec.europa.eu/commission/presscorner/detail/en/IP_18_6853

Cui Bono? Who benefits?

 

https://www.dailymail.co.uk/news/article-5775673/Moggs-Moscow-Millions-Brexiteers-firm-poured-fortune-Russian-companies.html

The EU legislation has been in U.K. law since 2019.  The rumours about JR-M and tax avoidance have been fact checked (by the BBC) and debunked 

www.bbc.com/news/amp/50168357

https://www.politax.com/post/is-brexit-really-about-tax-avoidance

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19 minutes ago, enfieldspares said:

I'll have a look. Thank you for posting the link. I did myself vote "Leave" but I know it was not at all for the same reasons why Rees-Mogg and Dyson supported that cause.

I actually voted remain although I was on the fence until the last moment! 
 

There is so much rubbish spouted around nowadays particularly in the area of ‘offshore’ finance (which I used to deal a lot in). I have no idea why JR-M backs leaving but improving his tax position is unlikely to be the driving reason. Perhaps he just dislikes being dictated to by the EU! 

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