Crackdown on personal service companies could raise £400m in tax

[PurpleGorilla]

no one is arguing with you that is part of the solution

but while we struggle to implement the hard parts, lets crack on with the not so hard parts

Windfall tax.

Simples.

[AtW]

Unbelievable, I always wondered who the idiots were who voted Labour, now I know! You are very deluded.

Yes and all those on this forum who voted Tories are very clever people who should rejoice at every pound of flesh Gideon takes because Labour would have done worse

Who is deluded here?

The fact is that Labour said they will reduce deficit SLOWER with MORE DEBT. That meant lower taxes. Gideon wanted to outdo them and made reckless promise that now require massive increase in taxation which would NOT have happened under Labour. What would have happened is 50% tax reinstated which would have caused far less damage to most people on here.

[AtW]

Companies like Astra Zenica paid ZERO corporation tax last year, despite a turnover of billions.

The solution is make sure big business pays its fair share.

Big business thinks that the fair share is zero.

[Zero Liability]

I voted Lib Dem, In all fairness its a 2 horse race here and the other horse was Labour...

And that horse was called Ed, and had Sturgeon mounted on its back, whip and all.

[PurpleGorilla]

Big business thinks that the fair share is zero.

Fat cat syndrome.

[AtW]

someone is coming along to fix the wobbly wheel

[AtW]

Fat cat syndrome.

The matter of CEO remuneration concerns only the shareholders of the company and nobody else.

[EternalOptimist]

Yes and all those on this forum who voted Tories are very clever people who should rejoice at every pound of flesh Gideon takes because Labour would have done worse

Who is deluded here?

The fact is that Labour said they will reduce deficit SLOWER with MORE DEBT. That meant lower taxes. Gideon wanted to outdo them and made reckless promise that now require massive increase in taxation which would NOT have happened under Labour. What would have happened is 50% tax reinstated which would have caused far less damage to most people on here.

we are all in this together. get that deficit down to zero
get those repayments down to zero
get those over heads down to zero

nail the guilty later

[Zero Liability]

Fat cat syndrome.

Mind you, that's probably how they got their T&S, IR35 and dividend tax ideas.

[d000hg]

1) Tories should have declared it during election - in fact it should be legal requirement for all parties to ONLY change taxes (other material things) that they have declared in their manifesto

Could your business function if you had to promise today exactly what you would spend, and earn, for the next 5 years and you had to stick to it?

2) Tories should have said at least something along those lines - increased taxes are for the duration of Parliament to make sure we reach objective of smoothing the effect of spending cuts at start of Parliament

Divi taxes are entirely reasonable at the current proposed levels, this is a correction we had coming. It's all the other stuff that seems absurdly punitive.