seems quite unfair a 2.5% pension increase??

Discussion in 'General Discussion' started by big-all, 25 Feb 2021.

  1. big-all

    big-all

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    now roughly £550 per 4 weeks comes from my state pension with 444 from my railway pension and about £9-12 off that will be paid in tax so around £13'800 before tax or perhaps around 13'500 after tax a year
    now with covid we have had the bank off england printing money [fiscal easement] off perhaps 4- 8% taking money out all our pockets now heres the rub i am not complaining about being short changed iff anything it should be a zero increase in pension and perhaps a tax code reduction from £1260 to perhaps £1100[ so we all pay an extra £1or two a week towards covid:D
     
    Last edited: 25 Feb 2021
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  3. JohnD

    JohnD

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    The odd pound or two out of your pocket will not make much difference.

    We need billions from tax-dodging billionaires and multinationals.

    The new US government is proposing a Corporation Tax increase from 21 per cent to 28 per cent. UK is currently 19%.

    France is bringing in a tax on Internet sales to French customers in France, ordered, paid for and delivered in France, by vendors that are nominally outside the country.

    Here's a joke:

    If Starbucks makes a profit of a billion before tax, what is their profit after tax?

    A billion.
     
    Last edited: 25 Feb 2021
  4. Vinty

    Vinty

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    What is the point of countries like America raising Corporation tax rates when EU countries like Ireland allow multi nationals to launder their profits through the Irish tax system.
     
  5. big-all

    big-all

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    i agree the odd pound wont make any difference but at least it will be loaded fairly on the broadest shoulders unlike the past 10 or so years where the poorest have been hammered more than the better off :(
     
  6. SirGalahad

    SirGalahad

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    Learn a bit about accounting and stop focusing on nominal tax rates which Corps hardly pay unless they have you as an accountant. :mrgreen:
     
  7. Vinty

    Vinty

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  8. ellal

    ellal

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    Indeed...

    Hasn't Rees Mogg (amongst many others) moved his 'interests' there ahead of the brexit he craved for?
     
  9. JP_

    JP_

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    Of course - you'd be insane to keep your business in the UK after Brexit!
     
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  11. motorbiking

    motorbiking

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    Its a perfectly valid statement. Dublin does feed off the rest of Europe due to business taxes. I can't remember the last time I looked at a software or cloud contract that wasn't being "electronically" delivered from an EU tax haven.
     
  12. ellal

    ellal

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    Well technically until 31.12.2020 the UK was part of the EU...

    But not thereafter...

    Thus the following makes interesting reading!

    tax.JPG
     
  13. Which all set their own tax laws independently from the UK as you have been informed of many times before.
     
  14. ellal

    ellal

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    Blah Blah Blah...

    Does the word 'territory' have any meaning for you?

    Ireland sets it's tax laws independently of the EU, and yet it's treated differently by those who really do not have a clue!

    Anyway, I thought independent Nations in the EU weren't Sovereign States and couldn't pass their own laws according to brexiteers? :rolleyes:

    Edit: Do you support corporate/individual tax evasion/avoidance?

    Yes or no.
     
    Last edited: 25 Feb 2021
  15. Yes it means they are under the sovereignty of the UK, but are not part of the UK itself. Moreover they all have their own government's and localised laws of which you have been informed of before.
     
  16. SirGalahad

    SirGalahad

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    If they are attacked who will defend them and who pays for that?
     
  17. Same as in 1982 I'd imagine.
     
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