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Good time to bug your MP

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    #41
    Originally posted by tractor View Post
    "I don't like IR35 but it is totally fair."

    To stick to your point, I'd like to ask you what you are asking of others. How do you come to the conclusion that IR35 is fair and to whom it is 'fair'?

    How can if possibly be fair to impose employment taxes upon individuals and to make them do things they don't need to and buy things they don't want or need to in order to look like something they don't need to?

    Implementing fairness within the taxation system has absolutely nothing to do with IR35. It is simply a concoction dreamed up to tackle individuals who as a result of the law of unintended consequences, gained a benefit if they arranged their circumstances in a particular way.

    As far as land tax goes, I have trouble even comtemplating it as a measure that would keep this country, any country running to any level of civilisation, however much you cut spending.

    I suspect if you are serious, you are a turkey voting for Xmas.
    I don't think it is fair that we get tax breaks because however way you dress it i believe we are ultimately employees.

    However i also believe that if you're going to tax income (which i'm generally against anyway) you should tax it at the same rate regardless of the source.

    Why do you believe land value tax would be a problem? The transition might be a bit messy but there's nothing fundamentally wrong with it.

    Indeed there are several benefits to it, (1) it does not distort the natural market, and as i believe the market is the best way to allocate resources a system that does not distort this is very good (2) it's more or less impossible to avoid paying it, you can't really claim your factory or your house is actually based in the cayman islands (3) It's generally quite simple, there would have to be a bit of bureaucracy determining the value of land every year but i can't see that being any bigger than the current HMRC army. Also means accountants would be more a less a thing of the past.

    Comment


      #42
      ...

      Originally posted by Robinho View Post
      I don't think it is fair that we get tax breaks because however way you dress it i believe we are ultimately employees.

      However i also believe that if you're going to tax income (which i'm generally against anyway) you should tax it at the same rate regardless of the source.

      Why do you believe land value tax would be a problem? The transition might be a bit messy but there's nothing fundamentally wrong with it.

      Indeed there are several benefits to it, (1) it does not distort the natural market, and as i believe the market is the best way to allocate resources a system that does not distort this is very good (2) it's more or less impossible to avoid paying it, you can't really claim your factory or your house is actually based in the cayman islands (3) It's generally quite simple, there would have to be a bit of bureaucracy determining the value of land every year but i can't see that being any bigger than the current HMRC army. Also means accountants would be more a less a thing of the past.
      Do you actually know anything of why we came to employ the ltd co model for our contracts? We complied with the gov and then they said that's no good we want it all!

      Given current Public Spending is about 6.3b and there is around 245,000 km sq in the UK that makes around 27k needs to be raised every year from each km, that does not take into account unused, gov or public owned land motorways etc. It would be unworkable and even worse than the crock that got us IR35 as a 'fair' measure.

      I am quite glad that you appear to be in a minority lol.

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        #43
        Originally posted by Robinho View Post
        I don't think it is fair that we get tax breaks because however way you dress it i believe we are ultimately employees.
        I disagree.

        If we are simply employees who earn more and pay less tax (NI), then why don't all employees jack in their jobs and go freelance?

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          #44
          Originally posted by tractor View Post
          Do you actually know anything of why we came to employ the ltd co model for our contracts? We complied with the gov and then they said that's no good we want it all!

          Given current Public Spending is about 6.3b and there is around 245,000 km sq in the UK that makes around 27k needs to be raised every year from each km, that does not take into account unused, gov or public owned land motorways etc. It would be unworkable and even worse than the crock that got us IR35 as a 'fair' measure.

          I am quite glad that you appear to be in a minority lol.
          You are kind of singing to the choir. Within the context of employment income i don't consider it fair that we get these loopholes. However i also think that all forms of income should be taxed the same way if you were going to tax income anyway. But i don't even think that it is right to tax income (productivity). Finally i think most tax is theft and really should minimised and only used for the essentials (for me personally that constitutes justice/law enforcment, defence and education up to the age of 18).

          Onto the LVT, well there's nothing unworkable about it. Just instead of paying tax on virtually everything we do, you instead pay based on the value of the land you own. There's no reason why you couldn't generate as much money as is currently being generated, there would just be different criteria about where it comes from.

          Comment


            #45
            Originally posted by Robinho View Post
            I don't think it is fair that we get tax breaks because however way you dress it i believe we are ultimately employees.
            You may well be but not everyone is, and the fact is that we don't get tax breaks compared to other self employed people, which covers all sorts from lawyers to van drivers, so there is a wider question about how you treat them as well. Would you just whack their taxes up by 10%?

            You also need to account for the employers share of NI. Saying "I consider both parts of NI income tax" is all well and good but for the vast majority this is paid by the company they work for so you can't simply whack up income tax rates and recover it from their pay packet without the gross amount undergoing a corresponding increase, and that would have a knock on effect on everything from pension contributions to mortgages.
            While you're waiting, read the free novel we sent you. It's a Spanish story about a guy named 'Manual.'

            Comment


              #46
              Originally posted by Robinho View Post
              Onto the LVT, well there's nothing unworkable about it. Just instead of paying tax on virtually everything we do, you instead pay based on the value of the land you own. There's no reason why you couldn't generate as much money as is currently being generated, there would just be different criteria about where it comes from.
              Every now and then you would get someone who couldn't pay. What would happen to their land?
              While you're waiting, read the free novel we sent you. It's a Spanish story about a guy named 'Manual.'

              Comment


                #47
                Originally posted by mudskipper View Post
                I disagree.

                If we are simply employees who earn more and pay less tax (NI), then why don't all employees jack in their jobs and go freelance?
                Probably because they love the security of permiedom.

                Also is it even worth going ltd if you're only on say 30-40k? I've never run that maths.

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                  #48
                  Originally posted by Robinho View Post
                  Probably because they love the security of permiedom.
                  Which comes from having employment rights, which they pay for through NI.

                  Surely if they can choose to pay for employment rights we can choose not to?
                  While you're waiting, read the free novel we sent you. It's a Spanish story about a guy named 'Manual.'

                  Comment


                    #49
                    Originally posted by doodab View Post
                    Every now and then you would get someone who couldn't pay. What would happen to their land?
                    What happens if you don't pay tax atm? The gov gets shirty for a few years and then sends the repo man round i guess.

                    Comment


                      #50
                      Originally posted by doodab View Post
                      Which comes from having employment rights, which they pay for through NI.

                      Surely if they can choose to pay for employment rights we can choose not to?
                      Employment rights come from government regulation. Not from NI. NI is just another tax that the government can waste on a big load of bulltulip.

                      Comment

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