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Tax revenues

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    #1

    Tax revenues

    Stamp duty on property - down the pan
    Corporation tax on financial services - down the pan
    Corporation tax on property developers - down the pan
    Income tax on City salaries and bonuses - down the pan
    Income tax on those losing their jobs - down the pan
    Capital gains tax on those selling property - down the pan

    All that is left are employees using LTD companies to avoid their "fair" share.


    Where will the shortfall in tax revenues come from I wonder?

    Tags: None
    #2
    big increases in fuel duty. guaranteed. everyone now used to paying over £1 per litre, and price of oil tanking/dipping (no pun intended). expect 8-10p per litre increase. you heard it here first.

    Oh, and increased income tax.
    "Experience hath shewn, that even under the best forms of government those entrusted with power have, in time, and by slow operations, perverted it into tyranny. "


    Thomas Jefferson

    Comment

      #3
      Originally posted by Ruprect View Post
      big increases in fuel duty. guaranteed. everyone now used to paying over £1 per litre, and price of oil tanking/dipping (no pun intended). expect 8-10p per litre increase. you heard it here first.

      Oh, and increased income tax.
      Yep.

      And NI on dividends.

      And new tax bracket for "super rich" at 50%. i.e. Anyone earning over about £100K.

      And VAT up to 19%.

      Comment

        #4
        Taxing one man bands won't raise nearly enough. It's going to take some Tory style indirect taxation to get out of this one. My guess is VAT up to 20% in line with most of the EU
        The court heard Darren Upton had written a letter to Judge Sally Cahill QC saying he wasn’t “a typical inmate of prison”.

        But the judge said: “That simply demonstrates your arrogance continues. You are typical. Inmates of prison are people who are dishonest. You are a thoroughly dishonestly man motivated by your own selfish greed.”

        Comment

          #5
          New 50% tax bracket, probably set at £75,000.

          After all, it's only fair.
          Cats are evil.

          Comment

            #6
            The budget deficit was planned to be 43 billion, is now on track for several billion more thanks to that lot. And that's without the bank bailout money.

            Employ 100,000 new IR35 compliance officers to balance the books.

            Comment

              #7
              Originally posted by swamp View Post
              New 50% tax bracket, probably set at £75,000.

              After all, it's only fair.
              Here in the Netherlands we have a top rate of 52%; all that happens is anyone with earnings above about 70000 euros just starts working part time or sods off on holiday for a couple of months each year and stays below the threshold. Damned if I'm giving 52% to the taxman.
              And what exactly is wrong with an "ad hominem" argument? Dodgy Agent, 16-5-2014

              Comment

                #8
                If IR35 were so important in generating a significant proportion of revenue we'd all be PAYE by now.
                The court heard Darren Upton had written a letter to Judge Sally Cahill QC saying he wasn’t “a typical inmate of prison”.

                But the judge said: “That simply demonstrates your arrogance continues. You are typical. Inmates of prison are people who are dishonest. You are a thoroughly dishonestly man motivated by your own selfish greed.”

                Comment

                  #9
                  NI on dividends would certainly solve the IR35 problem at a stroke

                  Comment

                    #10
                    Originally posted by swamp View Post
                    New 50% tax bracket, probably set at £75,000.

                    After all, it's only fair.
                    why are you so modest. Go the Danish way. 63% on all above 35000 GBP
                    "Condoms should come with a free pack of earplugs."

                    Comment

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