Tory Leadership Race

[fillyboy]

When Francois Hollande became President of France, the mad socialist upped the tax rate to 75%, London became the largest French populated city outside of France, it may have had a larger French population than some French cities. New York benefitted as well.
Cameron at the time said he would roll out the red carpet for French millionaires. After Hollande normality resumed and many French moved back.

I'm not sure why people are denying this is what happens, it always has, it always will.

 

[fillyboy]

We have no evidence that motorbiking is actually a lawyer.

We have no evidence that you live in a bedsit, 1 bar on the electric fire glowing while you type pro terrorist nonsense on DIY forums.

But......

 

[JohnD]

We have no evidence that you live in a bedsit, 1 bar on the electric fire glowing while you type pro terrorist nonsense on DIY forums.

But......

Since all your suggestions are untrue, no evidence exists.

 

[carmanmemoranda]

When Francois Hollande became President of France, the mad socialist upped the tax rate to 75%, London became the largest French populated city outside of France, it may have had a larger French population than some French cities. New York benefitted as well.
Cameron at the time said he would roll out the red carpet for French millionaires. After Hollande normality resumed and many French moved back.

I'm not sure why people are denying this is what happens, it always has, it always will.

There's a difference between expecting taxes to be paid, and overtaxing.

Is anybody expecting taxation of 75%.

Do you think all those that threaten to leave, do. Or most of it is noise?

 

[Munroast]

We have no evidence that you live in a bedsit, 1 bar on the electric fire glowing while you type pro terrorist nonsense on DIY forums.

But......

first impressions are not always wrong

whats happened to 10 names, blown a fuse or his Russian programmers re tasked him - it will be all hands to the pump to get Trump elected.

But back to the Tory leadership - See Cleverly is climbing up the table and closing in on Jenerick

Bad Enoch is thankfully slipping away- she'd be better in reform

 

[fillyboy]

There's a difference between expecting taxes to be paid, and overtaxing.

Isn't that what Bikers been saying all along'

Is anybody expecting taxation of 75%.

Nobody knows until the budget is announced, but by then it could be too late. As a couple we've just cashed in the last of our pensions, not a big one, but there's a possibility that after the budget it could be worth several grand less. The 25% tax free allowance might go plus several other possibilities, I'm certainly not expecting the stock market to soar in the next five years.
It's actually been a real chore because the pension company has been so slow to respond to queries because of an overwhelming demand, it seems a lot of people are doing the same as us.

Do you think all those that threaten to leave, do. Or most of it is noise?

Some is noise, some will leave, some won't. Either way it won't result in the extra revenue Labour are expecting.

 

[carmanmemoranda]

Isn't that what Bikers been saying all along'

No.

Nobody knows until the budget is announced, but by then it could be too late. As a couple we've just cashed in the last of our pensions, not a big one, but there's a possibility that after the budget it could be worth several grand less. The 25% tax free allowance might go plus several other possibilities, I'm certainly not expecting the stock market to soar in the next five years.
It's actually been a real chore because the pension company has been so slow to respond to queries because of an overwhelming demand, it seems a lot of people are doing the same as us.

So you're not expecting 75% or increase in income tax.

Some is noise, some will leave, some won't. Either way it won't result in the extra revenue Labour are expecting.

Time will tell. But we need more taxes. Where do you think it should come from, minimum wage earners maybe?

 

[securespark]

nothing in the article says treasury are reconsidering

BBC is now a Tory mouthpiece

Mrs S said that the other day. The top knobs are Tory supporters.

So much for impartiality!

 

[blup]

Mrs S said that the other day. The top knobs are Tory supporters.

So much for impartiality!

The beebs pollitical stance shifted to the right overnight after the brexhit vote. They thought the debate was between deal or no deal, rather than examine tne consequences of a decision nobody had thought through, economically or legally.

 

[motorbiking]

Perhaps the most extreme change to CG would be to align it with income tax. - For some? If you look at the City profit is CG. Say shares, futures and currency inc banking. You can see what can be played with here. Use total revenue to get the lot.

Where does the government get its money? | Institute for Fiscal Studies

The Government raises around £1 trillion in revenue each year. Most comes from the three biggest taxes: income tax, NICs and VAT.

ifs.org.uk

The other option is cuts in spending or shift sector spending around. Spending reviews in other words.

There is talk of aligning CGT with income. That would be pretty disastrous for investors based in the UK. of course some people take the p*** paying themselves minimum wage while coining in their "income" as capital. That could be easily solved with a distinction between long term capital and short term capital. This is the US model.

 

[motorbiking]

ad hominem

every post you make is a logical fallacy...........I suppose thats what lawyers do: be dishonest

For those in the know, Denmark is one of the best tax havens in Europe. There are many tax exemptions for things like intellectual property and foreign companies can register the holding company in Denmark and be fully exempt from corporation tax.

 

[motorbiking]

Isn't that what Bikers been saying all along'



Nobody knows until the budget is announced, but by then it could be too late. As a couple we've just cashed in the last of our pensions, not a big one, but there's a possibility that after the budget it could be worth several grand less. The 25% tax free allowance might go plus several other possibilities, I'm certainly not expecting the stock market to soar in the next five years.
It's actually been a real chore because the pension company has been so slow to respond to queries because of an overwhelming demand, it seems a lot of people are doing the same as us.



Some is noise, some will leave, some won't. Either way it won't result in the extra revenue Labour are expecting.

Reeves has said she doesn't plan to change CGT. But there are a lot in her party who want it aligned to income tax.

Indeed I have not said wealthy people should be exempt from paying tax. I have said that any policy which over taxes the wealthy will result in them going somewhere else. It's not just the wealthy, plenty of people may have chosen to create "pensions" in the stock market or property and have no ability to ISA them. 20% tax on those is reasonable, 45% is likely to result in people looking at options.

 

[noseall]

1⁹

When Francois Hollande became President of France, the mad socialist upped the tax rate to 75%, London became the largest French populated city outside of France, it may have had a larger French population than some French cities. New York benefitted as well.
Cameron at the time said he would roll out the red carpet for French millionaires. After Hollande normality resumed and many French moved back.

I'm not sure why people are denying this is what happens, it always has, it always will.

It's a great way of getting rid of a few non-tax paying millionaires. Let's up it here to 75%, and get rid if a few leaches.

 

[motorbiking]

Kiss good bye to 28% of all income taxes.. Righto.

Labour's made up black hole just got real.

 

[Andy165]

That Cleverly is like Cameron. He talks and talks and talks but agrees to nothing. And does nothing except the Conservative mantra of wanting more privatisation of assets, less taxes for high earners and a low wage "flexible" economy for normal working people. Basically taking us back to master and servant, the Victorian way.