Tag Archives: susan kramer

Let’s all defer our tax liability for a year, shall we?

So we have another instance of a large corporation deciding how much tax it’s going to pay. Why does the Government let companies like Facebook, Starbucks, Amazon and Google get away with this?

It’s another example of where being rich and powerful gets you special treatment. The BBC reported:

After heavy criticism that it was avoiding tax, the BBC can reveal that profits from the majority of Facebook’s advertising revenue initiated in Britain will now be taxed in the UK.

It will no longer route sales through Ireland for its largest advertisers.

That includes major businesses such as Tesco, Sainsbury’s, consumer goods firm Unilever and advertising giant WPP.

Smaller business sales where advertising is booked online – with little or no Facebook staff intervention – will still be routed through Ireland, which will remain the company’s international headquarters.

I am told the change will mean that Facebook will account for substantially more revenue in the UK and will therefore pay a higher level of corporation tax on the profits it makes here.

Corporation tax is levied at 20% on the profits a business makes.

The changes will be put in place in April and Facebook’s first, higher, tax bill, will be paid in 2017.

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Peers and pancakes race for Rehab charity

Today saw the annual Shrove Tuesday pancake race at the House of Commons in aid of the charity Rehab. You can read all about it and find some amazing looking pancake recipes from the likes of Paul Hollywood, Rick Stein and Gino D’Acampo in the official brochure here. Apple pancakes with Apple Brandy Custard is the one I want to eat most.

Here, courtesy of Terry Stacy, is the Lib Dem contingent of Kate Parminter, Rupert Redesdale, Susan Kramer and Dominic Addington in action.

Lib Dem Peers Pancake team

 

Where’s the pancake?

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Susan Kramer responds to the Autumn Statement in the Lords

New Liberal Democrat economy spokesperson responded to the Autumn Statement in the Lords yesterday. Here’s her speech in full.

It is always a pleasure to follow the noble Lord, Lord Davies of Oldham, but I confess that he disappointed me today. He did not throw anything, so we have missed out on the drama of the other place. I was also somewhat disappointed in the Budget. It is less generous than it appears on first viewing: we still have a £12 billion cut in welfare. If I understand it correctly, that will now happen as people transfer into universal credit. I am sure that the Minister will advise noble Lords about that—it would be good to understand how it will work. Of course, I am absolutely delighted that the Chancellor reversed his plans to cut tax credits for poor working people. I think, with some interest, that had the Chancellor been a Member of this House a couple of weeks ago, when the relevant statutory instrument was debated, he would have supported neither the Conservative nor the Labour Motion, but the Liberal Democrat fatal Motion.

We are also pleased with the up fronting of money for the NHS in this Budget, especially the investment in mental health. That is welcome, but can the Minister confirm whether that £600 million is new money for mental health and does not contain any former promise within it? We are supportive of stamp duty on buy to let and very supportive of the increased spending on infrastructure. We note that the Chancellor partially explained that that was because borrowing is now cheap. That is what we have been saying for weeks, so we are very glad that he has listened to that argument.

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Invest in infrastructure, back enterprise and think long term: key principles in Tim Farron’s first major speech on the economy

In just over an hour’s time, Tim Farron makes his first major speech on the economy at the IPPR in London. We’ll have coverage of the whole thing later, but here are the key principles he’s setting out. He also sets out a challenge to Labour to support the Liberal Democrats in stopping the cuts to tax credits, not just putting in transitional relief which would do nothing to help new claimants on low pay.  I suspect that the stuff on venture capitalism shows the influence of Susan Kramer and her professional knowledge in the field.

Here are some of the key points he will make:

The Liberal Democrat economic principles

So today I intend to set out the three principles that will govern Liberal Democrat economic policy for the next five years. They are:

Invest now in infrastructure
Back enterprise
Take the long view

It’s a clear prospectus – just ten words – but it sums up very simply where we need to take this country and how my vision for the future differs from those of George Osborne and Jeremy Corbyn.

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Baroness Susan Kramer writes…Why I’m backing Elaine Bagshaw for Tower Hamlets Mayor

Elaine-Bagshaw-launch

Like most of you I don’t “do miserable” and I’ve been itching to start the fight back.  Local Government has always been Lib Dem territory because we believe in communities and remain aghast at how badly so many are served by their local governments.  So when I got a chance to support Elaine Bagshaw in launching her campaign for Mayor of Tower Hamlets I jumped at it.  Of all the places that need effective local Government focussed on people, listening to people and functioning with integrity, Tower Hamlets must be near the top of the list.  As Elaine says, it’s a largely deprived community in the shadow of the extra-ordinary wealth of the City of London.

Elaine has lived in the area for years so she knows Tower Hamlets’ issues like the back of her hand.  But what I also love is that Elaine is part of the new generation who will now take over our party.  I don’t mean just new as in young, though that is true of many, but also the flood of new members of all ages who are joining with such a sense of purpose and with a vision of the future.  Old warhorses like me can provide the back-up but one silver lining of a bad defeat is that a natural passing of the baton takes place.  And goodness those folk did turn out at Elaine’s launch, at least 50 of them, all ready to spend the day on the doorsteps.

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Kramer urges Councils to make use of enhanced powers to check taxi drivers’ backgrounds

The Standard reports that Transport Minister Susan Kramer has written to Councils across England to urge them to take advantage of enhanced powers to check on the backgrounds of taxi drivers. 

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Lord Robin Teverson writes…Infrastructure Bill delivers a cluster of Liberal Democrat priorities

House of Lords. Photo: Parliamentary copyright images are reproduced with the permission of ParliamentA very Liberal Democrat bill got its second reading in the Lords yesterday – the Infrastructure Bill.  Lib Dems have already driven through this Parliament an Energy Act which will not just make sure that when it comes to energy infrastructure the lights stay one but that we decarbonise our energy supply.  We’ve been rolling out super fast broadband across the British countryside.  Often forgotten we also have a £35 billion railway investment programme over the next five …

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    Is the composition of the studio audience divided equally between the parties or is it based upon polling to be more representative?
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    Caron at last we find something we agree about.
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    Wings is not the most credible source of information. Or anything, to be honest.