Sunday, 6 November 2011

More subsidy, Gromit?

BBC News reports
Wallace and Gromit maker Aardman's head of TV has said the company may have to halt UK production of its famed stop-frame animations because it has become too expensive.
The main problem, he said, was that while films made in the UK can receive government help in the shape of a 15-20% tax credit, UK TV animation receives nothing.
The right answer, of course, is to do away with all tax credits, while reducing corporation tax across the board (preferably to zero).

The government shouldn't be picking winners. The best thing it can do is to get out of the way, and leave Britons to figure out what they're best at.

Besides reducing or abolishing corporation tax, there are a number of things the government could do to make British businesses more competitive internationally, without favouring one region or industry over another:
  • Abolish minimum wage (the government shouldn't condemn people to unemployment just because their labour is worth less than some arbitrary, centrally planned amount)
  • Repeal labour laws (both sides of an employment contract should be voluntary, and the terms should be decided by the employer and employee, not bureaucrats)
  • Abolish employers' national insurance (the last thing we should be doing at the moment is discouraging job creation)
  • Merge employees' national insurance with income tax (that's what it effectively is anyway), and make rates low and flat (so that there is never a disincentive to work)
  • Abolish Capital Gains Tax (we should not be discouraging investment)
  • Reduce welfare handouts to the absolute minimum (hostels and soup kitchens) so that everyone who can work, seeks work
  • Abolish all carbon taxes (if this seems radical, read 'An Appeal to Reason')
  • Exit the EU (so we can trade freely with all countries of the world, rather than just Europe)

No comments:

Post a Comment