More sponging parasites fear exposure

The £5.8bn lost by HMRC to tax avoidance by MNC does not include the effects of the CFC arrangement.

"
The rule change, which came into force in 2013, means a multinational company resident in the UK can lower its tax bill by shifting some taxable income to an offshore corporation, known as a “controlled foreign company”. CFCs are offshore subsidiaries that multinationals use to move capital around their global operations.

CFCs are not illegal, but the commission believes the UK setup breaks EU competition rules, by giving an unfair advantage to multinationals, compared with British companies without foreign subsidiaries."

You couldn't make it up, the vociferous on here defending MNCs means British companies suffer and they all wanted to take back control.
 
If everyone paid the same percentage then the more you earn the more you pay. I agree with Ian, why should that percentage increase as the wage increases?
 
Bodgitnscarper said:
If everyone paid the same percentage then the more you earn the more you pay. I agree with Ian, why should that percentage increase as the wage increases?
Click to expand...

Because you are only looking at nominal rate, you haven't factored in indirect taxes like VAT when you include that then you will see at the marginal rate for every extra pound earns the difference is much less for lower income vs higher income earner. But then you all need to factor in what people do with the extra income - the MPC and MPS.

So looking just at the nominal rate is perhaps like asking a builder over the phone, I have a little crack in a wall that needs fixing - how much could it be?
 
But if you are arguing what is the fairest tax then it would be a lump sum tax such as a LVT as other taxes like income taxes are distortionary.
 
Kankerot said:
Who should pay more? Less ? What about NI, indirect taxes.
Click to expand...

No one, it should all be a %age, that way the more you earn the more you pay anyway.

Road tax should go on fuel too, that way I can have a new Golf R and do 1500miles a year without paying too much road tax.
 
If all the billionaire tax dodgers paid their fair share, would we need a 40% rate?
 
Ian H said:
No one, it should all be a %age, that way the more you earn the more you pay anyway.

Road tax should go on fuel too, that way I can have a new Golf R and do 1500miles a year without paying too much road tax.
Click to expand...

So you want a consumption based tax on fuel?

The problem with proportional taxation as I pointed out above is the decreasing marginal utility of the extra income.
 
^woody^ said:
I think the other headline about that student forcing Cambridge to drop white authors is a much more worthy topic.
Click to expand...
Of course you do, you're one of the people they wanted to excite.

Here's some more on that story to feed you further:


25 October 2017
Cambridge University condemns trolling and bullying Telegraph front page


"The paper splashed with a vicious and misleading attack on the student Lola Olufemi.

Student forces Cambridge to drop white authors,” lied the Telegraph through its ink-stained teeth on its front page today:

Accompanied by a huge picture of the person it was accusing, the Cambridge University Student Union’s women’s officer Lola Olufemi, the newspaper not only twisted the story beyond any recognition, but has also been accused of framing it so as to incite readers to troll the student – as we know, black women experience some of the worst online abuse.

Something v concerning about way Telegraph put only this young woman's pic & not more complex story on front page. As if to incite trolling pic.twitter.com/iVdSykYod2

The Telegraph’s spin on this story – that “Cambridge University’s English Literature professors will be forced to replace white authors with black writers” due to pressure to “decolonise” the course – is way off.

What really happened is that Olufemi sent a petition, signed by over 150 people, to call for the curriculum to include “post-colonial” or “BME authors”, to avoid “perpetuating institutional racism”, as part of the university’s ongoing discussion about how it teaches postcolonial literature.

The newspaper’s moral panic – and not so moral twisting of the facts – drew derision online.

And Cambridge University released a statement criticising its article, saying that no authors are “dropped” under its system of teaching, and condemning “the related harassment directed towards our students on social media as a result of the recent coverage”:

Statement from University of Cambridge in support of Lola Olufemi @CUSUWO in reaction to today's media coverage. pic.twitter.com/2Q53sjQZNj

https://www.newstatesman.com/politi...ns-trolling-and-bullying-telegraph-front-page

The Torygraph confesses, quietly and in small print:

DNDbP-ZX0AAueuH.jpg
 
JohnD said:
If all the billionaire tax dodgers paid their fair share, would we need a 40% rate?
Click to expand...

If they all paid their 24%? Doubt it.

Kankerot said:
The problem with proportional taxation as I pointed out above is the decreasing marginal utility of the extra income.
Click to expand...

If you say so.

I think consumption based tax on fuel would automatically make those using the roads and polluting the air pay more. They couldn't dodge it.
 
JohnD said:
Of course you do, you're one of the people they wanted to excite.

Here's some more on that story to feed you further:


25 October 2017
Cambridge University condemns trolling and bullying Telegraph front page


"The paper splashed with a vicious and misleading attack on the student Lola Olufemi.

Student forces Cambridge to drop white authors,” lied the Telegraph through its ink-stained teeth on its front page today:

Accompanied by a huge picture of the person it was accusing, the Cambridge University Student Union’s women’s officer Lola Olufemi, the newspaper not only twisted the story beyond any recognition, but has also been accused of framing it so as to incite readers to troll the student – as we know, black women experience some of the worst online abuse.

Something v concerning about way Telegraph put only this young woman's pic & not more complex story on front page. As if to incite trolling pic.twitter.com/iVdSykYod2

The Telegraph’s spin on this story – that “Cambridge University’s English Literature professors will be forced to replace white authors with black writers” due to pressure to “decolonise” the course – is way off.

What really happened is that Olufemi sent a petition, signed by over 150 people, to call for the curriculum to include “post-colonial” or “BME authors”, to avoid “perpetuating institutional racism”, as part of the university’s ongoing discussion about how it teaches postcolonial literature.

The newspaper’s moral panic – and not so moral twisting of the facts – drew derision online.

And Cambridge University released a statement criticising its article, saying that no authors are “dropped” under its system of teaching, and condemning “the related harassment directed towards our students on social media as a result of the recent coverage”:

Statement from University of Cambridge in support of Lola Olufemi @CUSUWO in reaction to today's media coverage. pic.twitter.com/2Q53sjQZNj

https://www.newstatesman.com/politi...ns-trolling-and-bullying-telegraph-front-page

The Torygraph confesses, quietly and in small print:

DNDbP-ZX0AAueuH.jpg
Click to expand...

That's exciting now we've discussed it. Cheers
 
You must log in or register to reply here.
Back
Top