Originally posted by smalldog
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The Worklife Company: "I'm sad to go but its easier in Dubai"
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Last edited by Tarquin Farquhar; 5 January 2010, 11:55.Step outside posh boy -
Originally posted by Tarquin Farquhar View PostNo, mainly they do it by cherry-picking, which is what other countries dislike about them: they use low tax rates to attract high earners or wealthy people, which works for them because a low percentage of a high income still makes a good tax base. But those who are not rich are not welcome. Most "real" countries do not get to choose to be composed only of the rich, but do get to have the top slice of their cake stolen by the tax havens.
two men on a farm:
man 1 - weve got this great idea called socialism!!!
man 2 - cool what is it?
man 1 - well ive got a cow, and we share her milk around the community so everyone benefits
man 2 - sounds amazing!!!
man 1 - and the chap down the road has pigs so when they go to slaughter we share out the meat
man 2 - it gets better and better
man 1 - and anyone who has chickens will share out the eggs etc...
man 2 - thats not fair!!!
man 1 - why?
man 2 - well I havent got cows or pigs but I have got chickens...!Last edited by smalldog; 5 January 2010, 12:02.Comment
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Originally posted by Tarquin Farquhar View PostNo, mainly they do it by cherry-picking, which is what other countries dislike about them: they use low tax rates to attract high earners or wealthy people, which works for them because a low percentage of a high income still makes a good tax base. But those who are not rich are not welcome. Most "real" countries do not get to choose to be composed only of the rich, but do get to have the top slice of their cake stolen by the tax havens.
In the UK, our stellar Govt pays out more in benefits than they raise in Income Tax. Unbelievable maybe but true.Join the No To Retro Tax Campaign Now
"Tax evasion is easy: it involves breaking the law. By tax avoidance OECD means unacceptable avoidance ... This can be contrasted with acceptable tax planning. What is critical is transparency" - Donald Johnston, Secretary-General, OECDComment
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Originally posted by Emigre View PostPeople living offshore and paying tax is an optimum solution. People living offshore paying no tax but keeping people employed is a good solution. Places like IOM have high employment from exports of "financial services" but little or no benefits to pay.
In the UK, our stellar Govt pays out more in benefits than they raise in Income Tax. Unbelievable maybe but true.Step outside posh boyComment
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Originally posted by Tarquin Farquhar View PostSo what do we do? Attract more people to come and work here, to raise more Income Tax?
To give you an example, If Im ever out of work to the point of being on the dole would I rather work in Macdonalds, or claim the dole along with all the lovely job seekers this and that and do some meaningful voluntary work?
They probably pay the same, im gonna go with the good cause arent I....It shouldnt be an option should it....Last edited by smalldog; 5 January 2010, 13:17.Comment
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Originally posted by BlasterBates View Post... For that reason companies on borders don't allow working at home if you live over the border....Down with racism. Long live miscegenation!Comment
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Originally posted by smalldog View Post...I cant remember how many programmes Ive seen where people say they can earn more on benefits than working, its a disgrace that you can earn more sitting on ur arse than working for a living
If the minimum wage was £20/hr, perhaps more people would get off their arses.
To give you an example, If Im ever out of work to the point of being on the dole would I rather work in Macdonalds, or claim the dole along with all the lovely job seekers this and that and do some meaningful voluntary work?Down with racism. Long live miscegenation!Comment
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hehe is that the only critique you can give my post? I take that as a compliment ur highness
taking your other point, then you have to downsize...or take council accommodation, or take two jobs or work longer hours. My dad had 3 jobs (paper delivery in the morning, then draughtsman daytime then cleaner in the evening) when he raised our family to make ends meet....ive been in the position myself before and rather than sign on I became a despatch rider in London for two months while I found work. just because you cant afford it any longer due to your change in financial circumstances doesnt mean its someone elses problem, i.e. the rest of society to sort out. This world isnt here to sort out your problems, its should be absolutely the last resort....but a lot of the time it doesnt seem to be.Last edited by smalldog; 5 January 2010, 13:36.Comment
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Originally posted by Tarquin Farquhar View PostSo what do we do? Attract more people to come and work here, to raise more Income Tax?
Second, get rid of these bonus taxes that drive wealthy bankers and the like offshore. They may be unpopular but they have been major contributors to the Govt's coffers for years, many of them on secondment here from eg the US. Create better certainty in the tax system - get rid of IR35, ban retrospective tax grabs - these pieces of legislation send a clear message to would-be investors that the UK is an uncertain place to do business. Simplify the tax code - it will make it harder to avoid.
The current Govt is driving higher earners offshore losing all the tax they have been paying rather than expecting to get an extra 10%. If they think that banks won't be able to avoid the bonus tax then the Treasury are even more stupid than we given them credit for.Join the No To Retro Tax Campaign Now
"Tax evasion is easy: it involves breaking the law. By tax avoidance OECD means unacceptable avoidance ... This can be contrasted with acceptable tax planning. What is critical is transparency" - Donald Johnston, Secretary-General, OECDComment
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Originally posted by smalldog View Posthehe is that the only critique you can give my post? I take that as a compliment ur highness
taking your other point, then you have to downsize...or take council accommodation,
You would be lucky getting any form of council accommodation in London and lots of places. They simply don't exist or what does exist one bed/studio flats will not be given to people with children.
And it's very hard to downsize on a privately rented place with kids. What landlord would allow a family to move in if they knew they were going to be overcrowded?
And selling houses takes months."You’re just a bad memory who doesn’t know when to go away" JRComment
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