Sometimes Less Is More

Sometimes in this world less is more, Men prefer their women to wear a minimal amount of make up looking more natural, some people like to live a minimalist lifestyle in their homes.

So why don't we live in a minimalistic world when it comes to taxation and corporate tax?

With the budget coming up on Wednesday and the media jumping up and down like a kid who loves playing on his trampoline, Chancellor George Osborne needs to get rid of his fears on taxation.

I can be quite honest in saying that Wednesday for George Osborne it won't be the baptism of fire he thinks it's going to be, Since taking office in 2010 George Osborne has learnt a lot about Economics and Finance, but as a politician he is still frightened to take some initiative on taxation, sure personal taxation has got a lot better and so it should be, but Corporate Tax is somewhat to be desired, Sometimes less is more in the world of business and corporations, less corporate tax means a company is more likely to stay in a country that gives them incentives to stay in the country.

When it comes to Corporate Tax it's a race to the bottom, the cheaper more value for money you're corporate tax is, the more you're going to get from it. Higher rates of corporate tax only give you a small pool of companies and those companies cannot shoulder the responsibility for employing people, the more companies you have the more the responsibility is shared, so having low corporate tax is attractive to companies that want to set up shop in you're country, the minimal amount of corporate tax will allow them to employ more people, thus taking more people of unemployment programmes

We have all the mechanisms in place, a low currency which was advocated by me, which we got, a low currency makes us attractive to invest in as a nation, we have extremely low interest rates, great for mortgage holders and those who can borrow from banks, we just need the corporation tax to come down to around the same par as Ireland and we're on easy street somewhat.

George Osborne got his baptism of fire 2 years ago, when colleagues of mine took the initiative on behalf of Economists and decided to shout Osborne Out in Parliament, From that budget day to now, i'm confident and have more confidence in George Osborne as Chancellor than i ever have.

The best thing about George Osborne is he isn't a Economist or Financier, so he was a blank slate for learning our methods and we've benefited from it.

With just over a year to go before the next General Election, we ask the Chancellor one more time and that is to reform corporate tax and allow more businesses into this country and to allow our existing businesses to grow.