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No cuts at HMRC then....

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    No cuts at HMRC then....

    BBC News - Liberal Democrat conference: Tax inspector drive announcement due

    More than 2,000 tax inspectors will be recruited to crack down on tax evasion among the wealthiest people in the UK, a Liberal Democrat minister has said.
    Now are they actually going to crack down on the wealthiest or are they going to stick to the easy targets?
    While you're waiting, read the free novel we sent you. It's a Spanish story about a guy named 'Manual.'

    #2
    Originally posted by doodab View Post
    BBC News - Liberal Democrat conference: Tax inspector drive announcement due



    Now are they actually going to crack down on the wealthiest or are they going to stick to the easy targets?
    Each one will have to find 40K or so a year to justify his existence, so I suppose a few easy targets each should cover it?

    Comment


      #3
      BBC: "There already is a special unit within the Inland Revenue - set up by Labour - to focus on the tax arrangements of the wealthiest 5,000 people in the UK.

      The (2000) new staff will be employed to scrutinise the accounts of an additional 350,000 people who each have a total wealth of more than £2.5m.
      "

      Comment


        #4
        Originally posted by Doggy Styles View Post
        BBC: "There already is a special unit within the Inland Revenue - set up by Labour - to focus on the tax arrangements of the wealthiest 5,000 people in the UK.

        The (2000) new staff will be employed to scrutinise the accounts of an additional 350,000 people who each have a total wealth of more than £2.5m.
        "
        Someone had better warn sas & DP.
        While you're waiting, read the free novel we sent you. It's a Spanish story about a guy named 'Manual.'

        Comment


          #5
          Originally posted by doodab View Post
          Someone had better warn sas & DP.
          Were talking real millionaires here. Sas's is tied up in his house and in DPs case they'd be sending round Iggle Piggle and Macca Pakka to have a word.
          What happens in General, stays in General.
          You know what they say about assumptions!

          Comment


            #6
            Originally posted by doodab View Post
            BBC News - Liberal Democrat conference: Tax inspector drive announcement due

            Now are they actually going to crack down on the wealthiest or are they going to stick to the easy targets?
            It's Lib Dem answer to 50% tax that does not raise much revenues...

            This means there will be 1 inspector per 175 wealthy people.

            sasguru and DP will probably get under the radar, but I am not so sure about scooterscot - all this money he saved by using tulipy hotels must be adding up to a cool sum by now.

            Comment


              #7
              Why should rich people pay more tax for provide services for others? Do they use the NHS, the free schools, would they get benefits?

              If tax were a simple 25% across the board. Someone on £25k would pay £6.25k against someone on £100k £25k. How is that not enough? I earn 4 times more than you, therefore I pay 4 times more tax for the services that you use, but I dont.

              I never understood socialism I guess.
              Last edited by escapeUK; 18 September 2011, 13:19.

              Comment


                #8
                Originally posted by escapeUK View Post
                How is that not enough?
                Big Budget Deficit.

                Having said that 50% rate ought to be increasing tax avoidance and in this case Treasure won't even get 40% that same people would have probably paid.

                Comment


                  #9
                  Originally posted by escapeUK View Post
                  Why should rich people pay more tax for provide services for others? Do they use the NHS, the free schools, would they get benefits?

                  If tax were a simple 25% across the board. Someone on £25k would pay £6.25k against someone on £100k £25k. How is that not enough? I earn 4 times more than you, therefore I pay 4 times more tax for the services that you use, but I dont.

                  I never understood socialism I guess.
                  Flat rate tax, with identical rates for capital gains, might work quite well in a society with a more equal distribution of income but in a society where the richest can often earn many hundreds of times what the poorest earn it makes a lot less sense because it would leave a lot of people struggling to survive. While this may seem unfair at first blush, with the rich "subsidising" the poor, there is a lot of evidence that the more unequal a society is the less healthy and happy everybody becomes, including the rich. Look at crime, educational attainment, mental and physical health, and it all correlates. The rich person in fact benefits hugely from the services provided to the poorer members of society, not least because it means they have more opportunity for getting richer, and so they ought to pay for them.

                  Also, different treatment of earned income and capital gains means that those who are already rich pay proportionally less tax. This is in fact the case even in many "progressive taxation" systems at the moment.

                  In addition, one has to ask if it is reasonable for civilisation to opt for a form of social organisation in which many people struggle to survive when there may be alternatives? Humans are social animals and whether one considers altruism as a noble trait, or simply as enlightened self interest, it's obvious that without it we wouldn't be where we are. Whether one considers this as creating an obligation on the rich and powerful or not, many rich people derive value from using their wealth to try and make the lives of the poor better. Progressive taxation is arguably the result of the democratic process institutionalising this basic human instinct, and given the skewing of power in favour of the wealthy one can make an argument that it's fundamentally their collective choice.
                  Last edited by doodab; 18 September 2011, 14:20.
                  While you're waiting, read the free novel we sent you. It's a Spanish story about a guy named 'Manual.'

                  Comment


                    #10
                    Originally posted by doodab View Post
                    it would leave a lot of people struggling to survive.
                    People struggle because of high taxation - fuel is taxed like crazy, income tax is effectively nearly 50%+ for everybody (20% income + ~13% NIC employee + ~13% NIC employer).

                    Guess what, the rich always get more disposable income anyway - the high taxation clobbers everyone who isn't rich.

                    The real problem is that the Govt spends so much dosh on public sector jobs and crazy expensive projects that it needs a lot of tax - until this is rebalanced taxes can hardly be cut massively, only in areas where it makes sense (like removal of 50% tax bracket but this is now political not economical issue).

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