Am all for investment in the area. I just want an explaination of what i am getting behind.Remove the politics and whatever political party we all vote for from this news.
I'd prepared myself for the naysayers, that's a natural thing in this part of world, but people need to get behind this free port plan. The potential for the area is huge.
There's over 80 Freeports and tax free zones in the EU and we had some until 2012Like I've argued for a long time, Brexit will give the Governments greater opportunities to bring jobs and regeneration to places like Teesside. Some people just can't past the opinions of Southern based journalists and London centric obsessed media.
A great result
They're not free ports. Read up on them. They're free ports in name onlyThere's over 80 Freeports and tax free zones in the EU
Remove the politics and whatever political party we all vote for from this news.
I'd prepared myself for the naysayers, that's a natural thing in this part of world, but people need to get behind this free port plan. The potential for the area is huge.
Am all for investment in the area. I just want an explaination of what i am getting behind.
Thanks for the link. It seems the plan is for these freeports to be a freeport/enterprise zone combined. What is to stop conpanies coming in taking the tax breaks and subsidies and then moving again once these stop.
So they get a break for investing a lot of money to set up a business? in 3 years they will pay ni on employees wages.Why would they buy raw materials from the uk rather than a lower tax country?
Companies are only going come here to avoid tax. They are not going to have to pay employee national insurance for 3 years on employees earning under 25k. A lot of other tax breaks are going to be on offer too. How are businesses outside of the freeport fence going to compete when they are going to be paying their fair share of tax?
It's Londons_Moggie. Do your researchCan no one else please comment on this post until they have ‘done their research’ and/or ‘read up’ on the subject.
Thanks on behalf of London Moggie