How about paying less tax the more you earn? "Not so daft"

A few year back one of the new countries formed when yugoslavia got split up came up with the idea on personal tax to pay 20% for everyone up to 15k. Then 18% from 15-25K & 16% on 25-35K. It was to encourage the more wealthy to stay in the country & pay taxes instead of moving money outside. Wonder how this would work in the UK.
This is a trickle down / laffer curve fallacy argument.

I’m sure Liz Truss and Nigel Farage would strongly agree
 
when the uk tax rate was cut higher tax a few years back it resulted in an extra 8 billion in revenue this was a mixture of people holding back tax due and people thinking no need to hide as much and paying accountants etc i might as well declare it
 
Best way to increase tax collection is to have individual agreements with large companies.
For example, google. If they paid 1% tax, they would probably pay the equivalent of 10 million builders (being nice here).
As well as opening up thousands of job positions in which workers would pay tax.
Then, more tax collected, less need to squeeze the workers, so tax rate could be cut overall.
Said that, I have trouble thinking that politicians would use the extra income for the people...
 
Remember for 14 years all we heard liebour say was they were going to tax big business .
 
I remember being called into my local tax office and being placed under investigation when I was self employed because ALL my cash jobs were being paid into my business account. I got my accountant involved too, who confirmed this was his advice to me. Eventually (it should have been my first question, but I was naive), I asked if I was being investigated for tax irregularities and if so, I would employ the services of a lawyer. The case was dropped soon after.

So it seems you can't win. Even if you try to be squeaky clean and above board, they go after you.
 
when the uk tax rate was cut higher tax a few years back it resulted in an extra 8 billion in revenue
That’s a lie.

this is a common falsehood that’s being doing the founds of social media for a few years.

The increase in revenue was due to other factors.



On days when there are high sales of ice creams, there’s also more traffic jams. Gas112 says therefore ice creams cause traffic jams.
 
That’s a lie.

this is a common falsehood that’s being doing the founds of social media for a few years.

The increase in revenue was due to other factors.



On days when there are high sales of ice creams, there’s also more traffic jams. Gas112 says therefore ice creams cause traffic jams.

Good Lord.
 
That’s a lie.

this is a common falsehood that’s being doing the founds of social media for a few years.

The increase in revenue was due to other factors.



On days when there are high sales of ice creams, there’s also more traffic jams. Gas112 says therefore ice creams cause traffic jams.
what other factors come on list them . and you will see i put the main one first .
 
To be clear you are HAPPY that rich high tax paying people are leaving the uk, taking their spending elsewhere

If so you are dumb
The claim that the wealthy all leave if taxes are increased…..is one put forward by multi millionaires.


The wealthy in this country donate to parties which want to lower taxes for the wealthy whilst telling the public the problems in this country are all the fault of immigrants.
 
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