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Post by Vandelay on Sept 8, 2023 7:23:48 GMT
"Most loopholes for personal taxation have been closed. The real problem we have, despite all the woke gibberish that Starbucks, Amazon, whatever companies, say, wittering on, they [hardly] pay any tax in this country." Ah yes, those well known centres of the Woke, Starbucks and Amazon. Not sure about loopholes for personal tax being mostly closed. Maybe for those that are just in the higher rate of taxes, but your millionaires and multi-millionaires are likely not paying as much tax as he is. To be fair, he's kind of got a point on this, even though he hates statistics. So here's one, across the OECD 40 years ago Corporations paid 20% of all taxes. Today it's 2%. As for individually wealthy people, everyone just sort of focuses on income from PAYE. But Rishi Sunak has an effective tax rate of 20%, I have an effective tax rate double that. The rich pay most in taxes is true, but they don't pay their fair share as a proportion of their income. Once you take into account all the rest of the shenanigans they get up to, they may pay much less. Oh totally, not disagreeing with him that corporations don't pay their fair share. Just thought the bit about loopholes for individuals no longer existing was a little bit bollocks. As you say, Sunak ain't paying proportionally as much tax as someone that is on £70k. I would have thought as a Wealth Manager this guy would know that. The corporations are going to have a bigger impact of course, although I'm not sure how we compare to other countries when it comes to that. I expect his argument is more "Corporations dodge their taxes, so why can't I dodge more", rather than "it's a good thing loopholes are being closed and more of them should be closed for corporations".
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Bongo Heracles
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Post by Bongo Heracles on Sept 8, 2023 7:44:08 GMT
He’s a ‘wealth manager’ he’s not going to think about someone on minimum wage paying higher marginal tax on a tank of petrol than he does.
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apollo
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Post by apollo on Sept 8, 2023 16:12:04 GMT
Rishi Sunak going for the most pathetic take over a terrorist prisoner escape you could imagine. It has 46 likes vs 1.4K dislikes, can't think why.
Suprised the ferengi eared rich bastard has not fucked off yet to swim in his millions like a certain duck. I suppose he has set up some more gov deals for his friends & family and some shitty trade deal with india
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X201
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Post by X201 on Sept 8, 2023 16:33:58 GMT
He gets a free flight to India this week for the G20
Stupid to quit and pay himself, when he can get us to pay for it instead
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zephro
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Post by zephro on Sept 8, 2023 22:11:49 GMT
The tax changes we need are logically easy, politically hard (though it varies). Council tax needs changing to be somehow relatable to the actual value of one's home ( I in London would pay more where I grew up waaaay less), corporation tax base rate should be much higher, but with better credits for actual capital investment, capital gains tax (which barely anyone pays) should just be treated like income tax, landlords to pay more tax, all tax dodging bullshit to be clamped down on hard etc
Then take half the money raised and reduce the base rate of income tax and FUCKING vat to stimulate spending. Then invest the other half in actual useful investment like owning renewable energy production.
Yknow to stimulate growth in an economically literate way. Not like Truss or Sunak or Osborne.
Divert the money that's here into useful productive stuff. Not bullshit rentierism.
See also Adam Fucking Smith. Fuck libertarians.
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X201
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Post by X201 on Sept 8, 2023 23:58:02 GMT
Council tax is still based on what your property was worth in 1991. Updating that may be a good place to start. Although no Govt. in the last 30 years has wanted to go near it
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zephro
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Post by zephro on Sept 9, 2023 8:24:34 GMT
Council tax is still based on what your property was worth in 1991. Updating that may be a good place to start. Although no Govt. in the last 30 years has wanted to go near it The article it comes from is well worth a read but the graph kind of does the work for you.
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apollo
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Post by apollo on Sept 9, 2023 10:03:20 GMT
Tory row brews as Jeremy Cunt considers squeezing benefits to fund tax cuts
There is many pieces of shit in the tory party but he is one of the most souless, vile inhuman of them. Not sure there is many benefits left as the tories cut them to the bone to give tax cuts to their friends and supporters.
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Post by technoish on Sept 9, 2023 11:37:27 GMT
That graph is a little bit ridiculous. It mostly showing council tax doesn't change much regardless of the house value.
Council tax pays for local services and roads - why should it be higher if house prices are higher in that area???!!
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Whizzo
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Post by Whizzo on Sept 9, 2023 13:00:37 GMT
Local council funding based on home value really doesn't make any sense at all, while the poll tax was flawed it was an attempt, a bad one before anyone goes nuts, to address that.
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geefe
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Post by geefe on Sept 9, 2023 13:12:36 GMT
Genuinely would prefer poll tax at this point
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Post by Jambowayoh on Sept 9, 2023 13:23:22 GMT
Genuinely would prefer poll tax at this point And the public revolt that came with it, the kind of revolt that Britain doesn't do anymore.
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Post by Bill in the rain on Sept 9, 2023 13:33:52 GMT
We have local income tax. I can't work out if it's a good idea or not, though it's probably better than the weird system of basing it on house value. One issue is that rural areas, where the population is mostly elderly and there aren't many high earners, end up with a lot less cash, but big city center areas, where everyone might be singe 20 somethings end up with a lot more money. But the areas with lots of elderly people and/or kids are the ones that need to spend more for services. The best idea seems to be just to have a central income tax, and then share that out to local governments based on their population. I guess the risk with that is that it's not ring-fenced away from central government.
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Post by Reviewer on Sept 9, 2023 13:45:42 GMT
It’s always made sense to centralise tax then distribute it where it’s really needed, politics gets in the way of that though.
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Post by Dougs on Sept 9, 2023 14:12:29 GMT
Don't forget business rates. A feudal tax system that makes absolutely no sense at all, but no-one wants to pull that thread either.
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Whizzo
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Post by Whizzo on Sept 9, 2023 17:32:50 GMT
In not breaking news : Alan Sugar revealed to be a complete cunt. His cunning scheme to evade tax failed because a Lord can't declare themselves a non-resident.
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Post by askew on Sept 9, 2023 17:33:55 GMT
Money or status, Shugs?!
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Lizard
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Post by Lizard on Sept 10, 2023 1:38:17 GMT
Council tax is still based on what your property was worth in 1991. Updating that may be a good place to start. Although no Govt. in the last 30 years has wanted to go near it Never having owned a property I had no idea this was the case. I wonder what the real estate market would look like had it been pegged to property value?
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Post by Danno on Sept 10, 2023 4:16:14 GMT
In not breaking news : Alan Sugar revealed to be a complete cunt. His cunning scheme to evade tax failed because a Lord can't declare themselves a non-resident. Didn't he post a pic of his tax bill with something along the lines of "proud to contribute" fairly recently?
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geefe
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Post by geefe on Sept 10, 2023 6:24:17 GMT
Council tax is still based on what your property was worth in 1991. Updating that may be a good place to start. Although no Govt. in the last 30 years has wanted to go near it Never having owned a property I had no idea this was the case. I wonder what the real estate market would look like had it been pegged to property value? They just made it up as they went along. Estate agents drove down streets and guesstimated values. This is how we're in a situation where my 2 bed terrace is a band B but a 3 bed at the other end of my street is band A.
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apollo
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Post by apollo on Sept 10, 2023 9:48:04 GMT
Tories are scum part 7524515151451855
Revealed: covert deal to cut help for pupils in England with special needs Government contract aims to reduce the number of specialist care plans by a fifth
Coming soon: tories to cut all benefits, health and school funding as they give themself a huge payrise and funding for some project for their friends. something like this
In June 2022, the Department for Education (DfE) signed a £19.5m contract with consultancy firm Newton Europe to design and develop the DBV programme. The deliverables section of the contract states that “it is the intention” of the signatories that the 55 councils’ budget management plans, implemented under the DBV programme, will help achieve “impacts” including “reduced cost pressure … as a result of reduced growth in number of EHCPs [education, health and care plans], targeting at least a 20% reduction in new EHCPs issued”.
Nearly £20 million wasted and someone got paid
I don't think labour will be the savior of the UK and they will create other problems but no more fucking tories in Goverment or the UK will end up like sri lanka. Also Labour gov will upset the tankie/momentum cultists like that Higgles or what ever his name was on eurogamer.
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Post by deekyfun on Sept 10, 2023 10:05:57 GMT
As someone with a child who currently has special needs going into year 1 of primary school, I'd have to say it very much feels like there's barely anything left to cut. We've been waiting around two years to have anyone even come to look at our daughter, with still no word of when an assessment will actually happen, let alone how long it will then take to actually get a diagnosis and some affirmation that we aren't doing all the wrong things right now.
Couple that to the school, with the best will in the world, if not being exactly uncooperative, but being unable to fulfil the care required to support her, its been a completely nightmare for literal years that just feels like its going to keep getting worse.
And they want to make this harder? Maybe they can get a really wealthy tory to kick me in the balls each time I have to take another in work hours meeting to 'discuss' how we handle the situation (e.g. how i can help the school help me help my daughter).
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zephro
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Post by zephro on Sept 10, 2023 10:06:26 GMT
That graph is a little bit ridiculous. It mostly showing council tax doesn't change much regardless of the house value. Council tax pays for local services and roads - why should it be higher if house prices are higher in that area???!! A) to re-distribute money where it's needed. B) It's not uniform, council tax rates are actually lower in Tory bits of London like Westminster or Chelsea, they've got the lowest rates in the whole country but the most rich cunts.
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gray
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Post by gray on Sept 10, 2023 17:28:29 GMT
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Post by Dougs on Sept 10, 2023 17:31:01 GMT
As someone with a child who currently has special needs going into year 1 of primary school, I'd have to say it very much feels like there's barely anything left to cut. We've been waiting around two years to have anyone even come to look at our daughter, with still no word of when an assessment will actually happen, let alone how long it will then take to actually get a diagnosis and some affirmation that we aren't doing all the wrong things right now. Couple that to the school, with the best will in the world, if not being exactly uncooperative, but being unable to fulfil the care required to support her, its been a completely nightmare for literal years that just feels like its going to keep getting worse. And they want to make this harder? Maybe they can get a really wealthy tory to kick me in the balls each time I have to take another in work hours meeting to 'discuss' how we handle the situation (e.g. how i can help the school help me help my daughter). Yeah, took us 4 years to get my daughter an EHCP. It's made a definite difference and I'm always terrified it'll be removed. 1st year review was straightforward though. She moves up to secondary next year so it's absolutely crucial that she has that additional support.
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Post by simple on Sept 11, 2023 6:50:31 GMT
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Post by stuz359 on Sept 11, 2023 7:05:42 GMT
That'll be tax cuts right before the GE. Leads Labour into a massive trap.
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Post by Bill in the rain on Sept 11, 2023 7:38:24 GMT
I thought so. But even if it wasn't, all these issues were pointed out loudly and clearly well before the rules were introduced, and totally ignored by those introducing them.
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loto
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Post by loto on Sept 11, 2023 8:39:37 GMT
They just made it up as they went along. Estate agents drove down streets and guesstimated values. This is how we're in a situation where my 2 bed terrace is a band B but a 3 bed at the other end of my street is band A. Exactly right, it was shamefully badly implemented We challenged ours a few years ago, were successful & put into a cheaper band and got about £3k back. Followed all the advice on Martin Lewis website when he did a campaign on it. It’s well worth looking into.
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Post by clemfandango on Sept 12, 2023 12:06:10 GMT
Apparently thick as mince Thundercunt Jonathon Gullis is leading a rebellion against Sunak. For once my money is on Sunak..
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