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2024 General Election
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 HKOwen  Hong Kong 28 May 24 8.54am |
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The next government will inherit the same fiscal mess the Conservative did in 2010, nothing changes. Covid has done for the outgoing government financially and reputationally from Partygate The Ukraine war negative impact mainly financial on cost of living. Whatever you think of Brexit it is not possible by anyone at this stage to make a worthwhile financial impact assessment but there will be lots of opinions shouted as facts
Responsibility Deficit Disorder is a medical condition. Symptoms include inability to be corrected when wrong, false sense of superiority, desire to share personal info no else cares about, general hubris. It's a medical issue rather than pure arrogance. |
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Badger11  Beckenham 28 May 24 9.16am |
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Originally posted by The Dolphin
Kier promises to slap vat on private schools which will floor and flood the state system - financial gain wiped out overnight. I don't believe that private schools should get charitable status as many do not do enough for poorer pupils so it is a tax benefit for the wealthy. That said there is a lot wrong with our charity sector, may organisations getting a tax break when they are actually protest groups, and wealthy people hiding their money. If Starmer included the schools in a complete review of the charity sector I would agree with him however this smacks of tilting at windmills.
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| HKOwen Hong Kong 28 May 24 9.38am |
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Let's see how many times we can tax the same gross pound that you earn. Salary tax Likely many others
Responsibility Deficit Disorder is a medical condition. Symptoms include inability to be corrected when wrong, false sense of superiority, desire to share personal info no else cares about, general hubris. It's a medical issue rather than pure arrogance. |
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| The Dolphin 28 May 24 11.00am |
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Originally posted by Badger11
I don't believe that private schools should get charitable status as many do not do enough for poorer pupils so it is a tax benefit for the wealthy. That said there is a lot wrong with our charity sector, may organisations getting a tax break when they are actually protest groups, and wealthy people hiding their money. If Starmer included the schools in a complete review of the charity sector I would agree with him however this smacks of tilting at windmills. A lot of private schools offer their facilities to local schools and try and help where they can.
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| The Dolphin 28 May 24 11.01am |
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Originally posted by Badger11
I don't believe that private schools should get charitable status as many do not do enough for poorer pupils so it is a tax benefit for the wealthy. That said there is a lot wrong with our charity sector, may organisations getting a tax break when they are actually protest groups, and wealthy people hiding their money. If Starmer included the schools in a complete review of the charity sector I would agree with him however this smacks of tilting at windmills. Also - why is it a tax benefit for the wealthy?
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| silvertop Portishead 28 May 24 11.56am |
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Originally posted by The Dolphin
Also - why is it a tax benefit for the wealthy? The schools are registered charities so enjoy tax breaks and, thus, subsidize wealthy education. If every school was compelled to spend their tax savings on bursaries etc. badger's complaint would (?) melt away. On which, there is indeed a great deal wrong with the charity system. Religions enjoying tax advantages. How anachronistic is that!?
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| orpingtoneagle Orpington 28 May 24 12.33pm |
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Originally posted by The Dolphin
Also - why is it a tax benefit for the wealthy? Because in a lot of cases it's only the wealthy who can afford to send their kids there. Top end Eton and Harrow cost £50k a year and locally Whitgift or Trinity are about half of that. Add in all the extras like uniform sports kit exotic trips etc it can be expensive. But as I said earlier my issue is with the parts of this sector that are a commercial business. Where someone takes the profits. You run a nursery (and god knows they are bloody expensive) and you pay VAT. Run a Prep school and hey presto you are a charity! Also another perk is that if you 'donate,' to your private school (charity,) you do it under gift aid and so that's an extra little tax perk.
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| HKOwen Hong Kong 28 May 24 12.42pm |
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Originally posted by silvertop
The schools are registered charities so enjoy tax breaks and, thus, subsidize wealthy education. If every school was compelled to spend their tax savings on bursaries etc. badger's complaint would (?) melt away. On which, there is indeed a great deal wrong with the charity system. Religions enjoying tax advantages. How anachronistic is that!? Same as bishops in the House of Lords
Responsibility Deficit Disorder is a medical condition. Symptoms include inability to be corrected when wrong, false sense of superiority, desire to share personal info no else cares about, general hubris. It's a medical issue rather than pure arrogance. |
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| Badger11 Beckenham 28 May 24 12.57pm |
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Originally posted by The Dolphin
Also - why is it a tax benefit for the wealthy? Charitable tax breaks should be available to everyone or not at all. How many working people could afford private school fees. Most schools get around this by scholarships for the poor however this is just to circumvent the point I am making and there are not enough of them to justify the charitable status. I have no problem with private education I just don't see why the taxpayer should subsidize it. As I said in my post there is widespread abuse of the charitable status not just schools if Starmer is genuinely concerned then a complete review is the right approach.
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| The Dolphin 28 May 24 2.57pm |
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Originally posted by orpingtoneagle
Because in a lot of cases it's only the wealthy who can afford to send their kids there. Top end Eton and Harrow cost £50k a year and locally Whitgift or Trinity are about half of that. Add in all the extras like uniform sports kit exotic trips etc it can be expensive. But as I said earlier my issue is with the parts of this sector that are a commercial business. Where someone takes the profits. You run a nursery (and god knows they are bloody expensive) and you pay VAT. Run a Prep school and hey presto you are a charity! Also another perk is that if you 'donate,' to your private school (charity,) you do it under gift aid and so that's an extra little tax perk. That doesn't make it a tax break for the wealthy though - or am I missing something here?
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| The Dolphin 28 May 24 2.59pm |
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Originally posted by Badger11
Charitable tax breaks should be available to everyone or not at all. How many working people could afford private school fees. Most schools get around this by scholarships for the poor however this is just to circumvent the point I am making and there are not enough of them to justify the charitable status. I have no problem with private education I just don't see why the taxpayer should subsidize it. If people stop sending their kids there, then the cost to the taxpayer will be greater than the "tax break" as you call it.
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| Matov 28 May 24 6.49pm |
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This public school stuff is pure meat for the Left to chew on. Suspect it will not happen when Labour come to power for a variety of reasons but Starmer has to throw them a bone by way of getting them out to vote.
"The Party told you to reject the evidence of your eyes and ears. It was their final, most essential command." - 1984 - George Orwell. |
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