Originally posted by smiff
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How tax heavens fund their public services ?
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Originally posted by Likely View PostHow tax heavens fund their public services ? I.E How they do it without businesses/citizens having to pay tax ?Comment
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Originally posted by Likely View PostHow tax heavens fund their public services ? I.E How they do it without businesses/citizens having to pay tax ?
Free of income tax and corporation tax maybe. Get stung on everything else.
Also, most parts of the world don’t have the burden of publicly funded healthcare and education. That’s why they want to come to the UK and work for low wages; the other benefits compensate.How did this happen? Who's to blame? Well certainly there are those more responsible than others, and they will be held accountable, but again truth be told, if you're looking for the guilty, you need only look into a mirror.
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Originally posted by HairyArsedBloke View Postmost parts of the world don’t have the burden of publicly funded healthcare and education.
Originally posted by HairyArsedBloke View PostThat’s why they want to come to the UK and work for low wages; the other benefits compensate.Originally posted by BolshieBastardYou're fulfilling a business role not partaking in a rock and roll concert.Comment
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Originally posted by HairyArsedBloke View PostSpanking duties on all imports, stamp duty on transactions, work permit fees for ex-pats, license fee’s for businesses, etc.
Free of income tax and corporation tax maybe. Get stung on everything else.
Also, most parts of the world don’t have the burden of publicly funded healthcare and education. That’s why they want to come to the UK and work for low wages; the other benefits compensate.
Most tax havens have high wages and high standards of living, especially public services. Generally public funding is obtained from sources which are also available to other countries but in vastly reduced amounts to most countries. What the tax haven status does is attract so much wealth that even a small dip into it in passing will produce a large public income relative to the population size.Comment
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Originally posted by expat View PostWhat the tax haven status does is attract so much wealth that even a small dip into it in passing will produce a large public income relative to the population size.Originally posted by BolshieBastardYou're fulfilling a business role not partaking in a rock and roll concert.Comment
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The No.1 tax haven is the UK. Tax free on your worldwide income and totally free public services.
If you are non-domiciled here.Comment
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A lot of these Tax Haven countries manage their own countries finances better, the government will be involved in business and will have very large amounts of money in sovereign investment funds.
Its not only the tax haven countries which do this
Norway has $74,500 of investment per capita, Of course the UK squandered all the northsea and gas revenuesCoffee's for closersComment
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Originally posted by lambrini_socialist View Postthere's the rub: it doesn't scale. there's nothing remarkable or magic about small communities of very highly paid people making sure that they're comfortable. apply it to a normally distributed large population and i doubt it works so well.
Conversely, most large countries do not have a vast economy for the size of the population, so need to tax ordinary people.
And finally, countries that make less and less, without accepting that they are becoming poorer, have to ramp up taxes and borrowing.Comment
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Originally posted by Spacecadet View PostA lot of these Tax Haven countries manage their own countries finances better, the government will be involved in business and will have very large amounts of money in sovereign investment funds.
Its not only the tax haven countries which do this
Norway has $74,500 of investment per capita, Of course the UK squandered all the northsea and gas revenues
That's even before you start seeing it as a winning lottery ticket to be squandered on pretending you're still a great power.Comment
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