A different view on the economy

[Deleted member 63160]

However, when the people at the bottom and the middle pay tax,

Do the people at the bottom pay tax? I assume you mean income tax.

 

[noseall]

Do the people at the bottom pay tax? I assume you mean income tax.

Those earning less than £13'000 per year? Yes they do. Didn't you know?

 

[Brigadier]

However, when the people at the bottom and the middle pay tax, but the billionaires and multinationals take advantage of special concessions to dodge tax, the billionaires are shocked at the idea that they might also be expected to pay some tax.

Do you think that Rupert Murdoch pays tax on his earning from UK newspapers and TV? Do you think that the Daily Mail and its boss pay tax on the money they receive from producing a British newspaper in Britain and selling it to British customers? Do you think that Virgin and Branson pay tax on the money they earn from British customers? Do you think that Apple and Amazon pay tax anywhere? What about Starbucks coffee shop on your High Street? Are you surprised that Old Etonian millionaire politicians have offshore trust funds hidden in Panama?

Why do you think the rich and powerful are hell-bent on attacking Corbyn? Do you think it is for love of the poor?

Why are they not in jail then?

 

[JohnD]

Why are they not in jail then?

do you seriously not know?

Read it again.

However, when the people at the bottom and the middle pay tax, but the billionaires and multinationals take advantage of special concessions to dodge tax, the billionaires are shocked at the idea that they might also be expected to pay some tax.

Do you think that Rupert Murdoch pays tax on his earning from UK newspapers and TV? Do you think that the Daily Mail and its boss pay tax on the money they receive from producing a British newspaper in Britain and selling it to British customers? Do you think that Virgin and Branson pay tax on the money they earn from British customers? Do you think that Apple and Amazon pay tax anywhere? What about Starbucks coffee shop on your High Street? Are you surprised that Old Etonian millionaire politicians have offshore trust funds hidden in Panama?

Why do you think the rich and powerful are hell-bent on attacking Corbyn? Do you think it is for love of the poor?

 

[motorbiking]

but JC wasn't focused on the tax dodging billionaires, was he. His tanks were firmly on the lawn of any 45% tax payer.

people who don't get a personal allowance and pay nearly half their income in tax and NI. Not to mention subsidising cheap loans with incredibly low interest rates.

I personally don't have a problem with means testing pensioners on £50k+ a year. Those benefits are funded by working people who can't afford to buy a home until they are mid 30s

 

[bernardgreen]

Do you think that Rupert Murdoch pays tax on his earning from UK newspapers and TV? Do you think that the Daily Mail and its boss pay tax on the money they receive from producing a British newspaper in Britain and selling it to British customers?

Yes I think they do pay tax. And I think that maybe they should pay more tax and not take advantage of every legal way to reduce their tax bills

I also think that a lot of tax is not paid by "the poorer" people who work for cash in hand and do not declare that income to the Inland Revenue.

 

[bernardgreen]

means testing pensioners on £50k+ a year. Those benefits are funded by working people who can't afford to buy a home until they are mid 30s

Those pensioners when working paid money into the system. That money should have been invested into a pension scheme to fund their benefits when they retired. But the money was not invested, it was used by the government(s) to fund vote catching programs and not invested.

When a company boss raids the company pension scheme there is an out cry. When a government raids the national pension scheme there is no outcry. Now which party was it that raided the national pension scheme to fund vote attracting projects ?

 

[noseall]

I also think that a lot of tax is not paid by "the poorer" people who work for cash in hand and do not declare that income to the Inland Revenue.

What is 'a lot'? What sort of proportion of the tax paying public for instance?

 

[bernardgreen]

source

In fact, a few years ago {2012} the then-Treasury minister David Gauke told the Daily Telegraph it was morally wrong to pay for services off-the-books because it led to a shortfall in tax revenue of some £2 billion a year.

A shadow economy equal to 9–12 per cent of total economic activity is not untypical for Anglo-Saxon countries, and levels of 20–30 per cent are common in southern Europe,” it claims.

Here in the UK, the institute estimates that the shadow economy constitutes around 10 per cent of GDP.

Lower earners are most likely to subsidise their incomes by failing to declare taxes, partly because tax and the cost of living takes such a large chunk of their money.

 

[JohnD]

Yes I think they do pay tax.

Search "Rothermere Tax" and see what you find.

Search "philip green tax tina"

 

[JohnD]

I also think that a lot of tax is not paid by "the poorer" people who work for cash in hand

Do you consider buy-to-let landlords to be "poorer people?"

What about plumbers and dog-walkers?

https://www.diynot.com/diy/threads/net-closing-in-on-tax-dodgers.487486/#post-3970329

Restaurateurs, hotel-owners? Property developers? Employment Agencies? Medical Consultant doctors? Antique Dealers? Your definition of "poorer" is very wide.

https://www.gov.uk/government/publi...ddd/current-list-of-deliberate-tax-defaulters

 

[JohnD]

not take advantage of every legal way to reduce their tax bills.

And how about tightening up the gaping chasms that allow multi-billionaires and the worlds most prosperous corporations to dance through with truckloads of untaxed profits? It's down to governments (= elected representatives of people almost 100% of whom are not billionaires) to put in place tax laws that prevent such advantages.

 

[JohnD]

Philip Green

http://www.mirror.co.uk/news/business/how-philip-green-avoided-160m-8184304

 

[bernardgreen]

John D

You can dig around and find all sorts of support for you opinions. And you are entitled to an opinion.

My opinion is that that yacht is ugly and little more than an ego boosting asset ( ? ) to the person's personality.

Yes some company bosses do cheat the system. And that is wrong

 

[JohnD]

How many years would your cash-in-hand roof thatcher have to evade tax to reach Philip's £160million? A hundred lifetimes?