Originally posted by jamesbrown
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The official Budget 2017 DOOM thread
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It is about time they dropped Corp tax altogether (and PAYE for that matter). Replace with a Corporation Sales Tax made at point of sale (i.e. if it's sold to a UK resident it gets CST - something like that, the devil is in the detail I know), make it flat and collect via the VAT scheme.
HMRC claim that VAT costs 1p in the £1 to collect. Corp tax is around 20p per £1.Comment
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Originally posted by NigelJK View PostIt is about time they dropped Corp tax altogether (and PAYE for that matter). Replace with a Corporation Sales Tax made at point of sale (i.e. if it's sold to a UK resident it gets CST - something like that, the devil is in the detail I know), make it flat and collect via the VAT scheme.
HMRC claim that VAT costs 1p in the £1 to collect. Corp tax is around 20p per £1.Comment
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Originally posted by AtW View PostRemember - it's 20% tax for US based profits and it will be 0% for foreign profits, this will please Apple/Google/Facebook - they will be able to repatriate money from Bermuda on the cheap.Comment
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Oh dear, May falls to same stupid "defense" as Spreadtulip Phil - "In legislation that we passed after you mugs elected us, we specifically only talked about not increasing Class 1 NICs, so there!"
National Insurance rise 'fair', says PM - BBC NewsComment
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Sounds like a partial climbdown, not legislating until the Autumn Budget, which is what they should've done anyway
https://www.theguardian.com/politics...tory-rebellionComment
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Originally posted by jamesbrown View PostSounds like a partial climbdown, not legislating until the Autumn Budget, which is what they should've done anyway
https://www.theguardian.com/politics...tory-rebellionComment
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Originally posted by shaunbhoy View PostBudget measures 'worth £350m' to Scotland - BBC News
Well at least we can see where that £350M is going...................Comment
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Originally posted by AtW View PostIf he makes u-turn he'd have to increase dividend tax to make up for "the loss", this is where it's heading...
Sources close to Mr Hammond told the Telegraph he is considering a full-scale revision of the tax system for the self-employed, enabling him to drop his plans for class 4 NI contributions as part of a wider review.Comment
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