Reply to: Gordon Brown triggers row with call for bank supertax

[Gonzo]

The great irony is that on this one Brown is right, but few people will support him including in his own party - he had 10+ years to implement it, but he didn't since he was "bought" by money made in the process, anything he does now is a bit hollow.

Sorry, but that is bollocks.

There is already a tax on the buying of shares in the UK, it is Stamp Duty Reserve Tax. The effect of which is that many companies to which it would apply list on the Dublin Stock Exchange instead.

[Churchill]

I'm going to stick my neck out.

I agree with AtW.

Tax short term trading positions. The longer you hold the position, the lower the tax.

Encourage investment, discourage gambling.

Now shoot me.

WHS!!!

Shoot him now!

[cupidstunt]

I'm going to stick my neck out.

I agree with AtW.

Tax short term trading positions. The longer you hold the position, the lower the tax.

Encourage investment, discourage gambling.

Now shoot me.

Whs

AtW for president....or A Darling's job at least.

[AtW]

I'm going to stick my neck out.

I agree with AtW.

Tax short term trading positions. The longer you hold the position, the lower the tax.

Encourage investment, discourage gambling.

Now shoot me.

Let me guess - you do not work in the City? No no no, I am not implying that those who work in the City would be biased in any way

[DimPrawn]

I'm going to stick my neck out.

I agree with AtW.

Tax short term trading positions. The longer you hold the position, the lower the tax.

Encourage investment, discourage gambling.

Now shoot me.

[AtW]

So, sorry Alexei, it is a bad idea.

High CGT on short term profits from gambling is a good idea, it was effectively in force in the UK with taper relief that has now been, sadly, abolished.

[AtW]

You better make sure you get some money/your affairs are arranged appropriately for when your business partners get absolutely fed up with your lack of business nous and depose you from your own company.

Of course you can retain absolute control - but then your business will not succeed.

It happened to a friend of mine whose product was far better than yours and who had far better social/business skills than you.


HTH

[DimPrawn]

And the final word is: you can take the boy out of the Soviet, but you can't take the Soviet out of the boy.

Careful. You are this:

--->|-|<---

close to be cut from Atw's memoirs.

[sasguru]

And the final word is: you can take the boy out of the Soviet, but you can't take the Soviet out of the boy.

[Doggy Styles]

Gordon Brown will be grateful for Alexei's support.

I can see the superficial appeal in Toben's law, but in the practical world (a) it would be absolutely impossible to police and (b) the costs would be passed down to pension, share and other fund holders, i.e. us, rather like his previous tax raids on pensions and ISAs.

So, sorry Alexei, it is a bad idea.

[OwlHoot]

What a threefold utter chump McDoom is.

- firstly for not realising a supertax on banks is unworkable unless adopted worldwide, which will never happen.

- secondly for not consulting (or more likely consulting and then ignoring) his advisors, who would have emphatically told him the same

- thirdly for not first approaching other world leaders in private to gauge their views, before making a public tit of himself yet again and embarrassing the country

(although in fairness I suppose there is the remote possibility he knew the idea was a no hoper, and isn't even keen on it himself, but to mollify his loonie left back benchers had to be seen to try and fail).

[minestrone]

You better make sure you get some money/your affairs are arranged appropriately for when your business partners get absolutely fed up with your lack of business nous and depose you from your own company.

Of course you can retain absolute control - but then your business will not succeed.

It happened to a friend of mine whose product was far better than yours and who had far better social/business skills than you.


HTH

Seen that happen.

[sasguru]

You better make sure you get some money/your affairs are arranged appropriately for when your business partners get absolutely fed up with your lack of business nous and depose you from your own company.

Of course you can retain absolute control - but then your business will not succeed.

It happened to a friend of mine whose product was far better than yours and who had far better social/business skills than you.


HTH

[AtW]

Sorry, I just can't be arsed.

Why are you responding to me then? Use Ignore option then.

[DiscoStu]

Well, if you understand it better then why won't you explain why exactly oil prices goes up by so much more than gold with that alleged dollar inflation being responsible?

Because I'm bored of your forum autism, your complete inability to accept or acknowledge the opinions of others and your refusal to ever accept that you might be wrong.

Sorry, I just can't be arsed.