I'm in favour of a flat rate right across the board for freelancers; say 20%. No expenses, nothing. Then you'd just fill in a form once a year, pop a cheque in the post and sack your accountant. Save yourself 1.5k per year and countless hours doing tedious paperwork.
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Fair Tax System
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For once I actually agree with you in principle, but I'd go further and extend that to all tax. There's no good reason for it to be complicated, other than keeping accountants in work. -
Originally posted by gricerboy View PostI'm in favour of a flat rate right across the board for freelancers; say 20%. No expenses, nothing. Then you'd just fill in a form once a year, pop a cheque in the post and sack your accountant. Save yourself 1.5k per year and countless hours doing tedious paperwork.
What about any software sales / disbursements?"See, you think I give a tulip. Wrong. In fact, while you talk, I'm thinking; How can I give less of a tulip? That's why I look interested."Comment
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Originally posted by Moscow Mule View PostAny VAT?
What about any software sales / disbursements?Comment
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Not only do I agree - that was my idea !
IR35 is fine except for the 5% allowance, permie benefits must be worth 30-50%, 20% looks very generous from us and we get to sleep at night...Comment
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What Bunk said, flat rate for every individual would be better, somewhere in the region of 10-15% for anyone earning over X (X being a bit higher than national average), zero for anyone below X
Corp rate should be the same
You might think that would lower tax revenue but so many would stop loopholeing or offshoring overall tax revenue would probably go upComment
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Originally posted by Not So Wise View PostWhat Bunk said, flat rate for every individual would be better, somewhere in the region of 10-15% for anyone earning over X (X being a bit higher than national average), zero for anyone below X
Corp rate should be the same
You might think that would lower tax revenue but so many would stop loopholeing or offshoring overall tax revenue would probably go upComment
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A lot less government expenditure => a lot less need for tax (and for many of the poorest, none at all).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 Churchill View PostBetter still, don't tax income, tax expenditure...
In NZ and Oz it's called GST, Goods and Services Tax because it's a tax on goods and services. Not too sure why it's called Value Added Tax here, where's the added value (as opposed to the added cost to the consumer)?Comment
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Originally posted by meridian View PostThat's what VAT is (and the old Sales Tax).
In NZ and Oz it's called GST, Goods and Services Tax because it's a tax on goods and services. Not too sure why it's called Value Added Tax here, where's the added value (as opposed to the added cost to the consumer)?"See, you think I give a tulip. Wrong. In fact, while you talk, I'm thinking; How can I give less of a tulip? That's why I look interested."Comment
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