Online tax credit system closed

[AlfredJPruffock]

I would like to view a definitive weekly financial breakdown of how all the public sector money has been allocated & subsequently spent.
If my demands are not met then some unsuspecting Hirudinea of parliment will be kidnapped & tortured.

This snippet might be of interest.

From the Scotsman online ....


AN ELITE group of senior Scottish Executive civil servants are to share a taxpayer-funded "golden goodbye" of nearly £1.8 million when they retire, The Scotsman can reveal.

On top of pensions of up to £80,000 a year, the 16 civil servants will be given lump sum payments averaging more than £100,000 when they reach the age of 60.

Last night, opposition politicians called for the Executive's pension rules to be reviewed because of the growing disparity between the highest levels of the civil service and the rest of the public and private sectors.

The pension details of members and recent former members of the management group - the Executive's "board of directors" - have been published in the Executive's annual consolidated accounts for the year to 31 March, 2005.

[Chessplayer]

I would like to view a definitive weekly financial breakdown of how all the public sector money has been allocated & subsequently spent.
If my demands are not met then some unsuspecting Hirudinea of parliment will be kidnapped & tortured.

[DimPrawn]

Absolutely. Before the current government started doing it, I'd have thought only an idiot would devise a system where you have:

* one army of bureaucrats taking money away from you

* a second army giving it back, and

* a third army trying to sort out the mess created by the first two!

Gordon Brown clever? Do me a favour.

What's more fecking stupid? The reality you describe so accurately above, or the feckless morons that vote these cnVts in, again and again and again

[Rebecca Loos]

AtW, I would have thought that you, as a Russian, would have known that not everything people spend their money on has got VAT or duty attached to it.

Some of it legal (baby products, milk, books)
Some of it less (contraband fags, drugs, fake Versace gear, cars "imported" from Germany - you know the ones with Lithuanian number plates)
If you're after anything like that, come to East London and your countrymen can sort you out, no worries

Recently the police found in Forrest Gate (East London) a Lithunian parallel economy, covering their own postal service, an illegal unregistered petrol station, and all services like hairdressing, groceries etc, none of it VAT-registered or even declared of course...

So I don't think GB sees everything that's going on.... some would say thank God! Not everyone wants to contribute to Whitehall pension funds

[SupremeSpod]

Gordon Brown fecks up everything.

Allegedly, Peter Mandelson fecked up Gordon Brown...

Or was it the other way round?

[AtW]

That has been tried in countless banana republics through history. It is the economics of the madhouse.

No-no-no - in banana republics only FEW people get ALL the money, thus they don't spend it all on consumption that is easy to tax -- Bill Gates is not using much more petrol than average american, so it does not work, but it works if lots of people get money: this is exactly what Brown does: he takes piece of butter and spreads it more thinly so people can't save money, all they got will have to be spend, and thus will be taxed many times over.

The only issue with fraud is that people think its "unfair" - if nobody posted about it then nobody would have noticed.

[wendigo100]

Supposedly this was for giving tax money back to "hard working families". How's about this for a substantially more efficient and less error prone system: don't take it off them in the first place! I know this may be a rather advanced concept, but I can assure you it will result in more money in the pockets of "hard working families".

Absolutely. Before the current government started doing it, I'd have thought only an idiot would devise a system where you have:

* one army of bureaucrats taking money away from you

* a second army giving it back, and

* a third army trying to sort out the mess created by the first two!

Gordon Brown clever? Do me a favour.

[wendigo100]

No he won't lose the other half - people don't exactly save in this country and those fraudsters certainly not the savers type: they will spend all the money, which will give immediate tax revenues and whoever got the money will spend them in turn only to generate more revenue to Brown. After a few iterations like 95% of that sum will be in Brown's pockets.

Taking that to its logical conclusion, the government could devise a policy whereby it simply handed out money to everyone, safe in the knowledge that they will eventually get it back in taxes once it has cycled a few times.

That has been tried in countless banana republics through history. It is the economics of the madhouse.

What you seem to have forgotten are the goods and services consumed on the way.

[threaded]

Heh, what's the problem here? Anyone with half a brain could see this system was designed to be "defrauded". Anyways, if it was designed to do this, then actually how can it be described as fraud?

Supposedly this was for giving tax money back to "hard working families". How's about this for a substantially more efficient and less error prone system: don't take it off them in the first place! I know this may be a rather advanced concept, but I can assure you it will result in more money in the pockets of "hard working families". Yet, give me a break, this is the New Lie: the money was destined for some shady types and now they've paid off some terrorists and organised criminals they close this pipe down. When it comes time for the next series of payments another scam will be set up to syphon money from the public purse to them.

[AtW]

Not really. If a billion is lost through fraud, and Gordon gets half back through taxes, he has still lost the other half.

No he won't lose the other half - people don't exactly save in this country and those fraudsters certainly not the savers type: they will spend all the money, which will give immediate tax revenues and whoever got the money will spend them in turn only to generate more revenue to Brown. After a few iterations like 95% of that sum will be in Brown's pockets.

[wendigo100]

The irony of the situation is that even when fraudsters get the money they will still spend them on something that will get taxed big time: VAT, duty, levies etc, so Gordon will get his money back anyway.

Not really. If a billion is lost through fraud, and Gordon gets half back through taxes, he has still lost the other half.

(I should have said we have still lost the other half.)

[xoggoth]

Gordon Brown fecks up everything.

[AtW]

The irony of the situation is that even when fraudsters get the money they will still spend them on something that will get taxed big time: VAT, duty, levies etc, so Gordon will get his money back anyway.

[wendigo100]

Online tax credit system closed

Online applications for tax credits have been shut down because of abuse by organised crime.

HM Revenue & Customs (HMRC) shut down its online portal for the tax credit system late on 1 December after finding a number of fraudulent claims.

As BBC News reported in October, organised gangs have targeted the online tax credit system because they see it as an easy target.

I'm surprised anyone noticed - millions of people were given the wrong amounts anyway.

Gordon Brown seems to have completely fecked up this particular brainchild of his.