Godanubis
Member of DD Central
Anubis is known as the god of death and is the oldest and most popular of ancient Egyptian deities.
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Post by Godanubis on Nov 11, 2020 0:20:28 GMT
Having considered the points raised i have decided to move my money offshore - this follows a phone call today from a man with an American accent who said he had a warehouse full of Red baseball caps going very cheap.So i did the deal and all i need is to find out which team uses the nickname maga and i should make a fortune Keep them till 2024 and make a killing
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mrk
Posts: 807
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Post by mrk on Nov 11, 2020 14:04:31 GMT
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ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
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Post by ozboy on Nov 12, 2020 0:00:45 GMT
And the Daily Mail :- "The middle-class capital gains raid: Heat on Rishi Sunak over tax watchdog's plan for a £90bn hit on property owners, savers and investors to claw back spiralling Covid cost."You REALLY don't need crystal balls to see that "we" are going to get well and truly shafted, to pay for everybody and everything. Some have had a VERY good Covid, all to be paid for by "us." www.dailymail.co.uk/news/article-8939799/The-middle-class-capital-gains-raid.html
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corto
Member of DD Central
one-syllabistic
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Post by corto on Nov 12, 2020 8:11:57 GMT
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aj
Member of DD Central
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Post by aj on Nov 12, 2020 8:29:50 GMT
Perhaps an unpopular opinion here but it would be a simpler, fairer tax system if everyone got a single allowance that counted across all their income. Why should two people with the same annual income pay different amounts of tax if one gets it all from wages, and the other gets it from a combination of wages, capital gains, dividends, interest, etc, etc?
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Mike
Member of DD Central
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Post by Mike on Nov 12, 2020 9:24:01 GMT
Why should two people with the same annual income pay different amounts of tax if one gets it all from wages, and the other gets it from a combination of wages, capital gains, dividends, interest, etc, etc? Because many of those have invariably been taxed already, e.g dividends are post-corp. tax
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Post by Deleted on Nov 12, 2020 9:29:32 GMT
Everything is multiple taxed. The income of a company is taxed at three levels before the employee gets theid money. Corporation tax, vat, employee tax and finally what they can buy gets hit by VAT.
Tax simplification is the way to go as it reduces tax avoidance so raising overall tax take.
Review of non-doms is the thing crying out for resolution
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Post by Deleted on Nov 12, 2020 9:33:46 GMT
labour movement across border! We are not Luxembourg
Wilson tried it in 197? and put up vat on so called "luxury" items. Just about destroyed most of those industries.
Not Harold 'the pound in your pocket is still worth a pound' Wilson?
Still, I guess VAT on luxury goods went down better that Mrs Thatch putting VAT on takeaway food.
Well "at home" my dad ran a takeaway business and built yachts so both were pretty bad. Luckily Thatcher helped us stop being a country of whingers and began us on the path towards stopping climate change.
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Mike
Member of DD Central
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Post by Mike on Nov 12, 2020 9:33:48 GMT
Everything is multiple taxed. The income of a company is taxed at three levels before the employee gets theid money. Corporation tax, vat, employee tax and finally what they can buy gets hit by VAT.
Tax simplification is the way to go as it reduces tax avoidance so raising overall tax take. Review of non-doms is the thing crying out for resolution
Tax simplification would certainly help some of us... Company income is not taxed like that before employees are paid salaries.
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Post by Deleted on Nov 12, 2020 9:36:13 GMT
agreed not "before" but still identified in the accounts and so part of reducing overall dividends and company growth. See also business rates which is yet another tax on the dividend/employee pay.
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keitha
Member of DD Central
2024, hopefully the year I get out of P2P
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Post by keitha on Nov 13, 2020 10:30:43 GMT
labour movement across border! We are not Luxembourg
Wilson tried it in 197? and put up vat on so called "luxury" items. Just about destroyed most of those industries.
Not Harold 'the pound in your pocket is still worth a pound' Wilson?
Still, I guess VAT on luxury goods went down better that Mrs Thatch putting VAT on takeaway food.
Wilsons definition of luxury goods included a lot of things we consider not to be luxuries. As I remember only food, fuel and housing were exempt, so all the electricals in the house were subject to VAT, I'm sure at the time someone said that The average man in the street paid VAT on a new fridge but the rich paid nothing on flash Yachts
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Post by Deleted on Nov 13, 2020 11:00:19 GMT
Well the rich would have continued to pay no vat on their luxury yacht as they would have continued to buy them via the Caymans for use in the south of France. But they bought them from France made with French labour.
Great decision.
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sd2
Member of DD Central
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Post by sd2 on Nov 14, 2020 8:56:41 GMT
Just blame the Aussies. Usually works. How about emigrate to AUS?
I'm certain the nice people in the government there wouldn't stoop so low as to increase taxes to pay off the Covid debt. Because its usually there fault.
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sd2
Member of DD Central
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Post by sd2 on Nov 14, 2020 9:01:07 GMT
I have no problem with higher taxs. Good idea. Being as I have insufficient income or capital gains I would say that. Pay up you rich barstewards. Give me your money.
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sd2
Member of DD Central
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Post by sd2 on Nov 14, 2020 9:17:25 GMT
As an aside the assumption that there is need to pay back is not necessarily correct. Quantitative easing on a massive scale should lead to hyperinflation. There is no sign of that. Bought in bonds need to be cancelled. Make the debt disappear. The option of reissuing/selling the debt is not available as it would result in reducing the money supply. A monetarists policy resulting in inflation falling below zero and everyone going, I will wait until the prices fall further. Which will happen because nobody is buying. A depression awaits. And nobody will have any of my 2.5 years worth firewood as I have got a shotgun license and have bought a shotgun. I think I have gone of topic.
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