An interesting way to deal with that residual business vote in the City Corporation:
Businesses pay taxes in the form of corporation tax (£48bn), local business rates (£25bn) and employer National Insurance Contributions (£55bn) but have no say in the running of local or national government. It\’s taxation without representation.
It\’s an interesting thought certainly.
There is something that amuses about the whole situation as well. The way in which certain people can hold two directly contradictory ideas.
The left (OK, perhaps certain particularly vocal pieces of the left) seem to be most against the business franchise. Yet it is those same people who insist that it actually is \”business\” that pays those particular taxes.
We can also see it from the other side: myself for example. I\’m rather in favour of the business franchise, for local govt at least. But I\’m also one who screams loudly enough that employers\’ NI is really paid by the workers in lower wages, corporation tax by the workers and shareholders in some proportion. That is, that business itself does\’t bear the incidence of these taxes.
Which leaves us all rather confused really. Those insisting that those who really do pay taxes shouldn\’t have representation and those who agree that they\’re not really paying taxes quite happy for them to have the vote.
I would claim moral and logical superiority for myself not only because I am indeed Tim Worstall but also because I am aware of this oddity, something I seriously doubt M\’Lord Glasman et al are.