Lance Forman (@LanceForman )

Lance Forman

Bio Former MEP for London. Forman’s ‘London Cure Smoked Salmon’, Forman & Field-Home delivery, Formans Restaurant. Laughter always beats taking offence.
Location London, England
Tweets 23,9K
Followers 20,3K
Following 540
Account created 14-08-2012 17:22:56
ID 757537572

iPhone : Kate Nicholls People slashed corporate entertaining in 2012 with new laws on bribery. They didn’t want to get caught in error and hospitality (and gift hamper) industry was hit badly. We should scrap that crazy rule too. Corporate entertainment is not bribery. Bribery is when no one knows.

iPhone : Rishi Sunak Business lunches in restaurants are not allowed as tax deductible expenses. Don’t you think you should scrap that mad rule now to encourage more dining in restaurants? Why punish restaurants?

Twitter Web App : Mike Symonds Zarah Sultana MP There was also I believe a 250,00 euro annual allowance for offices and office staff which I refused to accept. Total waste of taxpayers money. By helping to win the fight to leave the EU I have helped save Britain £13billion per annum. You're welcome.

Twitter Web App : Kingsley Once again you have answered your own question. People won't necessarily want to pay higher taxes through wages or dividends, so the best way to avoid this is for the company to reinvest.

Twitter Web App : Kingsley I think you've answered your own question.
Higher bonuses mean higher tax. Tax on wages is 40/45%. Tax on companies is 18%
If Corporation Tax is zero, you don't need to worry about capital expenditure being deductible.

Twitter Web App : He also refuses to rule them in.

He should scrap corporation tax if he wants to get the economy going. This would create an investment boom and is by far the best way to grow the economy and would lead to higher tax revenues too through wages/dividends.