No real surprise there. Shows how utterly reliant we are on (American) MNCs. If (when) the large corporation tax receipts go, we are royally screwed. Yet, the Government continue to increase spending beyond the recommended amounts. People still complain about things like property tax etc. We need to massively expand our tax base and make ourselves significantly more resilient to shocks from MNCs.
WolfetoneRebel on
Yup, we’re highly exposed and will get crushed again in a worldwide recession. Unfortunately all the current expenditure we’ve wasted over the years will count for nothing, and capital expenditure (which would be very helpful in such a scenario) has been tragically under funded.
4 commenti
https://ec.europa.eu/eurostat/en/web/products-eurostat-news/w/ddn-20251112-2
Fork found in kitchen
No real surprise there. Shows how utterly reliant we are on (American) MNCs. If (when) the large corporation tax receipts go, we are royally screwed. Yet, the Government continue to increase spending beyond the recommended amounts. People still complain about things like property tax etc. We need to massively expand our tax base and make ourselves significantly more resilient to shocks from MNCs.
Yup, we’re highly exposed and will get crushed again in a worldwide recession. Unfortunately all the current expenditure we’ve wasted over the years will count for nothing, and capital expenditure (which would be very helpful in such a scenario) has been tragically under funded.