Election 2015: Labour to raise £7.5bn from tax avoiders

[jamesbrown]

This offers a bit more clarity on it:

Labour announce plans to deal with tax avoidance

Looks like their plans are focused on the construction industry rather than ltd companies specifically; it also clarifies the bit regarding dormant companies mentioned on a CUK article today. Maybe they still intend to press on with the FLC for contractors?

I'm sure they're thinking about FLCs. I also wouldn't be surprised if they tightened the rules around employment status. There are other countries that operate mechanisms similar to IR35, but with much more precise rules (such as the fraction of turnover generated from a single client). Obviously, precision will lead to inequity and ridiculous unintended consequences with the complexity of employment status in the UK (being driven by case law), but I wouldn't be totally surprised to see this happening. Couple together widespread public support (and ignorance) and a complex area of law and you have the potential for some devastatingly bad legislation, but it wouldn't surprise me.

[Zero Liability]

Tbh I am expecting something like the FLC irrespective of which party wins. It does look though like the 'false self employment' reported in the MSM relates specifically to the construction industry part.

[MicrosoftBob]

Gosh, I bet Paul Krugman never thought of that before he advocated it, he'd best hand his Nobel back, along with the others.

The whole idea of a Nobel peace prize is absurd anyway, you might as well have a Kalashnikov peace prize for all the relevance

[pjclarke]

The whole idea of a Nobel peace prize is absurd anyway, you might as well have a Kalashnikov peace prize for all the relevance

Paul Krugman, Milton Friedman, F. A. Hayek, Herbert A. Simon, James Meade and Robert Solow are all advocates of a basic citizen's income, and all were awarded the Nobel Prize in economics.

Do I need to use shorter words?

[MicrosoftBob]

Paul Krugman, Milton Friedman, F. A. Hayek, Herbert A. Simon, James Meade and Robert Solow are all advocates of a basic citizen's income, and all were awarded the Nobel Prize in economics.

Do I need to use shorter words?

Which was only set up from a bung from a Swedish bank

[SantaClaus]

Millipede's mansion in Dartmouth Park, N19 was worth £2.6 million in February. Plenty of room for champagne socialist dinner parties and discussing how awful being poor is.



Wonder if he'll be paying (or avoiding) the mansion tax. He seems to be an expert at other forms of tax avoidance.

[d000hg]

Do you think the Labour party leader and would-be PM should be living in some sort of hovel? He is on rather a high salary, and there's no reason one can't be wealthy and Left. I know quite a few professionals in well-paying jobs who are Left and have said they would be happy paying more tax than they do now.

There's no reason he wouldn't pay this new tax, he can easily afford to.

[BrilloPad]

Do you think the Labour party leader and would-be PM should be living in some sort of hovel? He is on rather a high salary, and there's no reason one can't be wealthy and Left. I know quite a few professionals in well-paying jobs who are Left and have said they would be happy paying more tax than they do now.

There's no reason he wouldn't pay this new tax, he can easily afford to.

Nothing stopping them.

Personally I want to pay my fair share. There are plenty of other things I do to help others and I am not convinced that money is the solution to all social issues.

[d000hg]

The ones I know do that too - involved hands-on in grass-roots community projects, supporting charities significantly, yada yada.

[DimPrawn]

Paul Krugman, Milton Friedman, F. A. Hayek, Herbert A. Simon, James Meade and Robert Solow are all advocates of a basic citizen's income, and all were awarded the Nobel Prize in economics.

Do I need to use shorter words?

Can't these basic citizens get a ******* job like everyone else?

What next comrade? Basic citizen regulation house, basic citizen regulation food parcel?

We can all walk round like invasion of the body snatchers, and point and shriek at people with cars and those that eat meat.

Nutters!