I see the concept frightens you.
Should billionaires and multinationals pay fair tax?
- Thread starter JohnD
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I see the concept frightens you.
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They already have, under the Con government.
I said that I've always found that receiving lots of money, and paying some tax on it
is greatly preferable
to getting very little money, and paying little tax.
As expected, you disagree.
Obviously your claim is nonsense.
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because you are.
Here, in the very same sentence of yours
if "the masses" aren't admitting it - least of all to you - how would you know what their stance is?
As I said at the start.
I see no one is prepared to say how much more 'the rich' should be paying.
And I see that you don't like the whole pretext of this thread : the fair payment of tax, and the closing of loopholes.
The actual headline figures are an irrelevant distraction, as the real issue is those who are not subject to them.
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Nobody is ask for the person on very little income to pay more tax. The proposal it to taper tax at the upper end so that more people reside in the UK rather than skim off the UK economy while living in low tax regions.
The more you tax the rich, the less you will collect.
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I prefer to hire in the UK rather than Germany, France, Belgium etc because it is significantly less risk. I currently have people residing in the UK working those markets. It would be a shame to let their jobs go to Europe.
You're bringing out all the old tropes. You like tax-dodgjng, you don't like workers rights, you don't like international co-operation.
Taxes are the admission ticket to a civilised society.
There will still be room for the greedy and selfish, like yourself and the Bra Baroness. But perhaps not such an easy ride.
My heart bleeds.
"We are a step closer to taxing the super-rich
What once seemed like an impossibility is now being considered by G20 finance ministers
" Manal Corwin, head of tax at the OECD, told the Financial Times that tracking where additional revenue ended up in the early stages would represent only a “snapshot” of the reforms.“This will shift over time,” she said. “The future footprint is the value of what’s being delivered.”
Corwin said that through the elimination of distortions in the system, she ultimately expected more taxes to be paid “where economic activities take place”.
FT.com
"The global corporate tax reform that came into effect this year was something of a miracle. Less than a decade ago, few would have thought it realistic that most countries in the world would ever agree to close loopholes for corporate taxation, institute a global minimum rate, and decide how to apportion the new tax take — set to be more than $200bn a year — among themselves.
Yet here we are. Some parts of the global corporate tax reform are still to be ratified, but the minimum level is now being widely implemented. And if one miracle is possible, why not two? That is how we should look at recent stirrings of something similar: a multilateral effort to overhaul the flawed system for taxing super-rich individuals.
In February, the economist Gabriel Zucman — a scourge of wealthy tax optimisers everywhere — presented G20 finance ministers with a proposal for a global billionaire’s tax, at the request of Brazil. Brasília, which currently holds the group’s presidency, is keen to move to the next stage of the global tax agenda, which could be to close the loopholes that allow the world’s richest individuals to pay very little tax.
It was the first time the topic had been raised at a G20 meeting, Zucman told me, yet “most ministers who spoke in São Paulo praised Brazil for raising it”. He observed that the wealth of the very richest had grown by 7-8 per cent annually in recent decades — on top of inflation — compared to the 2-3 per cent growth rate of average wealth."
FT.com
Yet here we are. Some parts of the global corporate tax reform are still to be ratified, but the minimum level is now being widely implemented. And if one miracle is possible, why not two? That is how we should look at recent stirrings of something similar: a multilateral effort to overhaul the flawed system for taxing super-rich individuals.
In February, the economist Gabriel Zucman — a scourge of wealthy tax optimisers everywhere — presented G20 finance ministers with a proposal for a global billionaire’s tax, at the request of Brazil. Brasília, which currently holds the group’s presidency, is keen to move to the next stage of the global tax agenda, which could be to close the loopholes that allow the world’s richest individuals to pay very little tax.
It was the first time the topic had been raised at a G20 meeting, Zucman told me, yet “most ministers who spoke in São Paulo praised Brazil for raising it”. He observed that the wealth of the very richest had grown by 7-8 per cent annually in recent decades — on top of inflation — compared to the 2-3 per cent growth rate of average wealth."
FT.com
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wrong
I'm sorry but what the feck are you talking about? I'd have thought the high majority if not all millionaires are paying at least some tax, no? And in reality they're paying a lot, bar those who break the law to avoid paying that is.
I find the rationale of 'let's tax the rich to within an inch of their life!!!' very distasteful.
Here's a thought, why not get the work shy back into work so they can contribute through paying taxes?
Why unemployed Gen Z are refusing to look for work
'No matter how much I worked and no matter how much I did, I was just getting by.'
metro.co.uk
Did you think someone had said otherwise?
You mean older people who have taken early retirement?
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