Europe

[Furunculus]

Maybe. But then it follows that we should tax the banking services.

And that depends on what the root causes for the failings of British industry are. If they're badly managed, or have no ideas, having taxes of 0% isn't going to help them.

[Citation Needed]
Also, correct me if I'm wrong, but I thought private pensions plans often invested in company stocks? Like, uh, the banks? meaning that even if they hadn't been taxed, they would have failed anyway.

And look how fantastic that was for Britain. If companies feel a need to move because of their shady business practices, then we probably wouldn't want them anyway.

How?

So your answer is that many parts of britains industry are becoming less productive, so lets kick the financial sector in the balls - equality of outcome and all that?

http://www.thisismoney.co.uk/taxraid
http://www.thisismoney.co.uk/pension...1&in_page_id=6
http://www.thisismoney.co.uk/news/ar...9&in_page_id=2
http://www.thisismoney.co.uk/news/op...author_id=2025
http://www.thisismoney.co.uk/news/ar...3&in_page_id=2
http://www.thisismoney.co.uk/pension...4&in_page_id=6
http://www.thisismoney.co.uk/news/op...in_author_id=1
http://news.bbc.co.uk/1/hi/5099428.stm
http://www.telegraph.co.uk/news/ukne...0-billion.html
that do you?

shady practices? they operate within the most benign regulatory regime available. can we bring this back on topic now?