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General Election 2017

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CambridgeEagle Flag Sydenham 10 May 17 2.10pm Send a Private Message to CambridgeEagle Add CambridgeEagle as a friend

Originally posted by Y Ddraig Goch

I mean much of the wealth that these people possess was earned outside of the UK. Therefore just blaming the UK tax system for inequality kinda misses the point. The issue regarding how personal wealth and business profits are taxed is something that no single government can address. Perfectly illustrated by those who are concerned that we may become a tax haven post Brexit

Evidence? Here you go

[Link]



The OECD are in the middle of a cross-border project of stopping people moving profits offshore to low tax jurisdictions. So this is being addressed.

That article doesn't have any actual analysis of how much of income inequality is impacted by foreign earnings. Just that some of the people on the Times Rich List have fortunes amassed from non-British businesses. The simple fact is that UK residents (are meant to) pay tax on worldwide income. Furthermore as part of the OECD initiative, foreign companies which own UK property are being brought within the scope of UK corporation tax, and unsurprisingly lots of the people on your list own a lot of UK property.

It's becoming more and more difficult to divert income out of the UK and avoid tax. The tools are indeed there and there is a moral imperative for the wealthy to pay their fair share. The current tax system does not follow through with that imperative as it provides tax breaks and low levels of tax to the wealthy disproportionately with those less well off.

Given examples from other countries it would seem evident that the UK fiscal system as a whole is very much at fault.

 

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Y Ddraig Goch Flag In The Crowd 10 May 17 2.26pm Send a Private Message to Y Ddraig Goch Add Y Ddraig Goch as a friend

Originally posted by CambridgeEagle


The OECD are in the middle of a cross-border project of stopping people moving profits offshore to low tax jurisdictions. So this is being addressed.

That article doesn't have any actual analysis of how much of income inequality is impacted by foreign earnings. Just that some of the people on the Times Rich List have fortunes amassed from non-British businesses. The simple fact is that UK residents (are meant to) pay tax on worldwide income. Furthermore as part of the OECD initiative, foreign companies which own UK property are being brought within the scope of UK corporation tax, and unsurprisingly lots of the people on your list own a lot of UK property.

It's becoming more and more difficult to divert income out of the UK and avoid tax. The tools are indeed there and there is a moral imperative for the wealthy to pay their fair share. The current tax system does not follow through with that imperative as it provides tax breaks and low levels of tax to the wealthy disproportionately with those less well off.

Given examples from other countries it would seem evident that the UK fiscal system as a whole is very much at fault
.

A) That was my point in the original post. Worth and actually having the readies (including income) of course is very different but doesn't stop people using it as a stick to beat the wealthy and not so wealthy over the head with.

B)That of course depends on how you view tax

C) I don't necessarily disagree, far too convoluted for a start.

 


the dignified don't even enter in the game

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CambridgeEagle Flag Sydenham 10 May 17 2.31pm Send a Private Message to CambridgeEagle Add CambridgeEagle as a friend

Originally posted by Willo

One can have all the so called "Popular" policies about : Extra this, more money for that, no fees for that, less of this, nationalise that blah,blah, blah. At the end of the day lavish spending sprees have to be paid for - unless you have a strong economy all these promises simply cannot be met.Labour are NOT trusted on the economy at all and their policies would bankrupt this country.The electorate are NOT stupid. They have a choice between a strong and stable Government under May or a coalition of chaos under Corbyn and his comrades.

This is my final post on this thread as it will surely evolve into one where I feel duty-bound to respond to the Anti-Tory rhetoric and the debate will only evolve into yet another tedious WILLO thread full of acrimony.

No more from me !

You clearly have no understanding of economics.

The conservatives have not delivered a strong economy. Theirs is a story of damaging austerity. The GDP growth figures are despite their policies not because of them and are simply creating another cliff edge. The building up of consumer debt to fuel spending (hence GDP growth) is unsustainable and will hurt the poorest the most. It also will not cure our problems with productivity and inequality. It won't plug the gaping holes in public sector funding. It only worsens the balance of payments issue. Wages have stagnated for most people in real terms. I challenge you to show me anything of any actual substance that shows the economy is stronger today than it was in 2010. GDP figures are not an accurate measure of living standards. Their actions since the GFC have shown economic incompetence or wilful damage in the name of ideology.

In terms of Labour's plans being possible - yes they are. When monetary policy is maxed out you can and SHOULD be using expansionary fiscal policy to stimulate the economy. None of their plans are radical in reality. If we lived in Norway no one would think their policies were radically left wing or totally affordable. Look at Japan, their Debt is over 2x their GDP and they can borrow at lower rates than we can.

Also, a national economy with its own central bank CANNOT GO BANKRUPT. It is impossible. Yes you can have hyperinflation or runs on your currency but you CANNOT GO BANKRUPT. Labour's plans therefore will not and cannot bankrupt the economy. But you're right, improving funding in the woefully underfunded mental health and social care services is horribly lavish.

Given you've just repeated the "strong and stable" tagline you sound fairly gullible and stupid, so clearly some of the electorate is stupid (but voting Tory). Given you've contributed zero supported analysis of the economy (other than blah, blah, blah), or on anything else for that matter, it's no real loss that you'll no longer be posting.

 

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Y Ddraig Goch Flag In The Crowd 10 May 17 3.09pm Send a Private Message to Y Ddraig Goch Add Y Ddraig Goch as a friend

Make of this what you will

[Link]

 


the dignified don't even enter in the game

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serial thriller Flag The Promised Land 10 May 17 7.20pm Send a Private Message to serial thriller Add serial thriller as a friend

Wow...

[Link]

 


If punk ever happened I'd be preaching the law, instead of listenin to Lydon lecture BBC4

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nickgusset Flag Shizzlehurst 10 May 17 7.23pm

Expect the it's 2 years old so doesn't count anymore rebuff.

 

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Kermit8 Flag Hevon 10 May 17 8.03pm Send a Private Message to Kermit8 Add Kermit8 as a friend

That's The Tories I know. Picking on the desperate. How anyone can vote for them after reading that is beyond me.

 


Big chest and massive boobs

[Link]


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croydon proud Flag Any european country i fancy! 10 May 17 8.21pm

Originally posted by Kermit8

That's The Tories I know. Picking on the desperate. How anyone can vote for them after reading that is beyond me.

wow indeed!

 

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Cucking Funt Flag Clapham on the Back 10 May 17 8.29pm Send a Private Message to Cucking Funt Add Cucking Funt as a friend

Originally posted by Kermit8

That's The Tories I know. Picking on the desperate. How anyone can vote for them after reading that is beyond me.

I certainly won't be voting for them. Then again, I'm not voting for any c*nt.

 


Wife beating may be socially acceptable in Sheffield, but it is a different matter in Cheltenham

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Rudi Hedman Flag Caterham 10 May 17 8.48pm Send a Private Message to Rudi Hedman Add Rudi Hedman as a friend

Originally posted by Cucking Funt

I certainly won't be voting for them. Then again, I'm not voting for any c*nt.

Yes I'm considering not voting for the 1st time. My vote doesn't count in the East Surrey Tory safe seat but knocks another 0.0000001% off the turnout if I don't show. Best not lose any sleep over this.

Manifesto or lack of will decide.

 


COYP

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Rudi Hedman Flag Caterham 10 May 17 8.49pm Send a Private Message to Rudi Hedman Add Rudi Hedman as a friend

Originally posted by Cucking Funt

I certainly won't be voting for them. Then again, I'm not voting for any c*nt.

POTY thread is over there >>>>>>>>>>>>>>>>

 


COYP

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Mapletree Flag Croydon 10 May 17 10.10pm Send a Private Message to Mapletree Add Mapletree as a friend

Originally posted by Cucking Funt

I certainly won't be voting for them. Then again, I'm not voting for any c*nt.

Yup. How long till the conviction comes off and they let you out Cucking?

 

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