Originally posted by WTFH
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Perhaps someone should focus on the £30/50/65bn "hole" they are trying to fill given it doesn't exist but merely is a gap between projected spend estimates and interest rates and projected growth figures.
Any good accountant could make it disappear completely.Blog? What blog...?Comment
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“Hunt May Delay Cuts to Shield UK Economy and Tory Election Hopes- Chancellor to backload bulk of savings as UK enters recession
- Sunak pledges growth measures so as not to choke off growth
Hunt will unveil measures to bring the national debt under control in his Autumn Statement on Nov. 17, with around 40% of the savings coming from tax rises and 60% from spending cuts. The bulk will be delivered in the final years of the five-year forecast to protect growth now, two people familiar with the plans said.
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https://www.bloomberg.com/news/artic...?sref=o1Dqf087
Great - so Labour can win on the basis they will cancel cuts and make “those with the broadest shoulders” pay for itComment
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Originally posted by AtW View Post“Hunt May Delay Cuts to Shield UK Economy and Tory Election Hopes- Chancellor to backload bulk of savings as UK enters recession
- Sunak pledges growth measures so as not to choke off growth
Hunt will unveil measures to bring the national debt under control in his Autumn Statement on Nov. 17, with around 40% of the savings coming from tax rises and 60% from spending cuts. The bulk will be delivered in the final years of the five-year forecast to protect growth now, two people familiar with the plans said.
“
https://www.bloomberg.com/news/artic...?sref=o1Dqf087
Great - so Labour can win on the basis they will cancel cuts and make “those with the broadest shoulders” pay for itScoots still says that Apr 2020 didn't mark the start of a new stock bull market.Comment
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Originally posted by DealorNoDeal View PostNot sure what the markets would make of that. I imagine they would be wanting a big wodge of the £55bn now.Comment
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Originally posted by malvolio View PostPerhaps someone should focus on the £30/50/65bn "hole" they are trying to fill given it doesn't exist but merely is a gap between projected spend estimates and interest rates and projected growth figures.
Originally posted by MaryPoppinsI'd still not breastfeed a naziOriginally posted by vetranUrine is quite nourishingComment
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Originally posted by WTFH View Post
We are told by non-dom owners of newspapers, etc, that it's a tiny amount compared to something else that can be used as a distraction.
It's about £8-10 Billion a year from "non-dom" status of individuals.
https://web.archive.org/web/20131021...ame&issue=1351
If Hector went after the offshore schemes used to reduce/evade tax in the UK, that would generate a lot more, but would deeply upset the right wing and super-rich who rely on "tax the poor" as a means to their end.
Old Greg - In search of acceptance since Mar 2007. Hoping each leap will be his last.Comment
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Originally posted by Zigenare View Post
Are you suggesting that what the super-rich are doing is illegal?
Blog? What blog...?Comment
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Originally posted by malvolio View Post
It's not illegal, it's avoidance. However if you remove the tax advantage they will simply take their residency and taxes back home or to somewhere more friendly, like the Caymans or Malta. It's very doubtful the seriously rich will start paying taxes they don't have to pay.
https://taxjustice.net/faq/what-is-transfer-pricing/
https://www.reuters.com/article/us-b...89E0EX20121015
https://news.bloombergtax.com/transf...state-aid-case
Always forgive your enemies; nothing annoys them so much.Comment
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