Reply to: Tax revenues

[DimPrawn]

Yes.

They also said that "it was different this time"...

™

[expat]

As the value of a 15K annuity has fallen by 2K in just one month, that really makes sense after pensions have already been decimated by bank nationalisation and the collapse of the stock market. Not forgetting of course the tax credit stealth tax of 1997 and onwards, and the impending house price collapse.

What, so taxes should reduce to compensate for the down movements in annuity and housing markets? Did nobody ever tell you that the value can go down as well as up?

[Cyberman]

How about an unearned income surcharge, so that income other than salaries and wages is taxed at a higher rate?

As the value of a 15K annuity has fallen by 2K in just one month, that really makes sense after pensions have already been decimated by bank nationalisation and the collapse of the stock market. Not forgetting of course the tax credit stealth tax of 1997 and onwards, and the impending house price collapse.

[expat]

How about an unearned income surcharge, so that income other than salaries and wages is taxed at a higher rate?

[BrilloPad]

It's very simple. We need a return to Keynesian economics. In a recession, you keep the economy afloat through massive public expenditure on vital projects (high speed rail links, perhaps). It can be easily funded with the large surplus you amassed in the good years oh hang on a minute we're screwed.

We can either print money - or borrow it from sovereign funds. At end of WW2 borrowing wasa at about 250% of GNP apparently.

[HairyArsedBloke]

It's very simple. We need a return to Keynesian economics.

Sadly, that is what is most likely to happen.

[Old Greg]

It's very simple. We need a return to Keynesian economics. In a recession, you keep the economy afloat through massive public expenditure on vital projects (high speed rail links, perhaps). It can be easily funded with the large surplus you amassed in the good years oh hang on a minute we're screwed.

[Cyberman]

Taxing one man bands won't raise nearly enough. It's going to take some Tory style indirect taxation to get out of this one. My guess is VAT up to 20% in line with most of the EU

No..... we need 98% tax that we had in the 70s under Labour. HMG knows much better how to spend our money than we do.

[ThomasSoerensen]

Does anyone really do any work in Denmark? it's the only country I've visited where I saw a shop selling second hand porn mags.

When I pop around for a meeting it always seems like half the company has left already and the rest are at home on their paid time off when the kids are ill.

So, no.

Which also explains me not being there.

[Ruprect]

If they keep raising fuel taxes they’ll have to cut speed limits to 15 mph and fine all the cyclists.

I wouldn't put it past them.

[Mich the Tester]

Like I said earlier - expect fuel duty to be the first to rise. Now it will be done under a "we're being even greener" banner.

If they keep raising fuel taxes they’ll have to cut speed limits to 15 mph and fine all the cyclists.

[Ruprect]

Like I said earlier - expect fuel duty to be the first to rise. Now it will be done under a "we're being even greener" banner.

[Ruprect]

Here is the answer my friends:

Tougher targets on carbon emissions

[Mich the Tester]

I hope there was an extra discount given for those where it was impossible to open the pages due to a liberal amount of man paste having been applied.

It doesn’t really bare thinking about. It was a good gig in Denmark though; 6 weeks in the smartest hotel in Arhus, evening meals in a brewery, huge drinks bill picked up by a telecom company, freshly baked cakes at 11 o’clock every morning, first class return flights and I can’t remember anyone doing any work. This was in the dot-com days of course.

[BoredBloke]

Does anyone really do any work in Denmark? it's the only country I've visited where I saw a shop selling second hand porn mags.

I hope there was an extra discount given for those where it was impossible to open the pages due to a liberal amount of man paste having been applied.