They can if you keep lowering Corporation Tax rates.....
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They can if you keep lowering Corporation Tax rates.....
Hopefully out of a cannon.
I hope all the people who 'can't vote Labour' make sure to explain them helping the Tories in the 'reasons for my vote' box, or they'll mistakenly take it as an endorsement of their policies.
No one on 70k a year is struggling to buy any available property.
Id rather it was wealth but thats seen by the right as taking away earned wealth more than income is. Income taxation is the best political choice imo, IHT is the actual best choice.
Doesn't know how to sit down on trains 
How far he has come.
Now by train though. Think he travels by car now to get a seat.
How far he has come.
Now by train though. Think he travels by car now to get a seat.
Ridiculous.
What was he expecting to happen?
He posted it intentionally on social media to get a reaction, it just so happens that it seems most of his friends lean towards Labour. If his list leant towards Tories he'd have a comments section full of people applauding his decision. And Vice versa if his voting intention was the opposite.
At the end of the day, he put it up to get either a reaction, or to get attention - and he got that.
If he was so intent letting everyone know that he was fulfilling his civil duties by voting he could have just put that he was voting on his fb, and no one needed to who for.
Or, if he didn't want a reaction he could have no said anything at all.
Social Media is driven by interaction, engagement & visibility. Anything you put out for others to view, like, share, comment on you do with the knowledge that they are free to agree with you, debate with you, share your thoughts & ideas etc.
You can't feign ignorance to this fact.
Inheritance Tax and Income tax are both needed for definite.
Inheritance tax is nice because, it's one thing you haven't earned.
But it's sad. There is no reason for Inheritance tax to be 40%... It should be 20% on everything apart from your main property. Crack down on trust funds and you're laughing
Just to be picky id highlight its 40% above your allowance excluding anything you're giving to charity. A fairly important point.
I have no sympathy for trust fund kids and I've known a few since ive moved south.
Corbyn is one removed from a parish priest. Take from the rich and give everything to the poor. Very honourable but what is the plan when there is no more to give? What is the plan when the tax-take plummets because business's bugger off to Ireland? What is the plan when Company's close because confidence disappears? How much money has he reserved in his 'calculations' for the massive upsurge in unemployment benefit?
This is populist rubbish that cannot be delivered without hocking the nation to the rafters in debt again. He has just reeled it out as eye-catching electioneering blurb without one jot of a clue as to how he can deliver on it. He couldn't even cite the numbers on his flagship Childcare policy. That is because the numbers don't matter - just sell the message. And it appears that loads on here have bought it.
Nice bloke, honourable sentiments and ideals.
Prime Minister?
You must be joking.
This is populist rubbish that cannot be delivered without hocking the nation to the rafters in debt again. He has just reeled it out as eye-catching electioneering blurb without one jot of a clue as to how he can deliver on it. He couldn't even cite the numbers on his flagship Childcare policy. That is because the numbers don't matter - just sell the message. And it appears that loads on here have bought it.
Nice bloke, honourable sentiments and ideals.
Prime Minister?
You must be joking.
Assuming 3x income mortgage, you won't get much for that in the London area (which is where the majority of younger people earning at that level live). Certainly not something justifying treatment as a fat cat high earner.
Well then they can move to the outskirts with everyone else who commutes in. Thats a choice not a necessity
More applicable to the Tory's manifesto than Labour's tbh.
Yeah, 40% above the allowance. But all the rich folk hate the fact it's 40%, and I agree with them. 40% is too high.
But the problem is they squirrel it away in their trust funds, so it has to be high.
If it was 20%, you could make that back in 3 years. I.e. let's say Madame Kelloggs has £100,000 in assets outside of the family home. It goes to her two kids, Mr Frosties and Mrs Cornflake. Each take £40k, which they put into their ISAs, over time.
Global markets increase by the average 7% a year. £40k turns into £49k after 3 years.
Did any of that happen before rates were cut? No one is moving to Dublin there isn't the skilled staff, we have a base there and struggle
Considering how much higher the UK's corporate tax is relative to Ireland already, why haven't they buggered off? If the proposed tax measures go ahead, the UK would still have quite a low level of corporation tax, and the reason they won't bugger off is because having a presence in the UK brings certain advantages which are outweighed by tax hikes (which are still low relative to other major industrial countries).
...pretty much.
Radagast vs. The Mouth of Sauron. (Tehe, identity politics, I'm such a lefty)
How so?
That's not true in a whole swathe of London tbf.
What is the cap for social care?
When corporation tax was cut the tax-take went up.
Such a myth. Load of hot air and not very honest of you John.
Like I said before, businesses would prefer to pay more in corporation tax than a hard brexit with no access to the free market.
We are actually seeing a whole bunch of asset management jobs moving to Dublin, Luxembourg and other jurisdictions now, due to the upcoming loss of passporting. It's more moving parts of the business, rather than uprooting the company as a whole, but we are still losing high-earning jobs and the subsequent tax take cos of Brexit.
Which doesn't paint even half of a full picture when you consider the resources corporations use in order to make a profit out of which they pay that tax.
Take the four biggest industrial countries in Europe and the UK's rate of corporation tax is about 7% lower than the average. With a Tory proposal to reduce it by a further 2%.
Is the Tory Brexit team really preferable though?
We are talking David Davis, Boris Johnson and Liam Fox. Career politicians who will be looking to score political points and spouting jingoistic and nationalist crap at every turn. Together they repeatedly made hostile statements directed at the EU members last summer which will no doubt have got their backs up. Lead by Teresa May, who can't think on her feet and whose face falls apart every time she's put under pressure.
The Labour team on the other hand will be lead by a well regarded lawyer who will have experience in negotiating and is only entering politics towards the end of his career. He'll will be backed up by career politicians who may have supported Remain but who are likely to get a warmer reception at the negotiating table.
On top of that, supposedly Corbyn wants to remove himself from the negotiations and instead direct the team from London taking out the 'Macron/Merkel vs Corbyn' angle. Surely that's far more appropriate than the bullsh!t show of strength May and her team will be looking to put on.
Because they've outright refused to give a figure for absolutely anything. You can criticise Corbyn for not knowing the numbers for his social care policy, but at least they're out there and in the manifesto. The Conservatives financial plans amount to 'lol who cares?'.
That was always inevitable with Brexit, and freedom of movement restrictions, uncertainty, etc, not necessarily a pure tax issue.
Numbers don't matter - just sell the message. Oh sorry, that was the other lot.
If you think someone earning 70k should pay more than a nurse, then I'd agree with you. But it would be missing the big point - the real wealth lies in the people owing the capital, not those trying to accumulate some to get on the ladder. It is the single biggest obstacle to social mobility in the UK and the biggest change from the 60s and 70s.
To be fair the Tories manifesto is not that removed from what is already policy. Many of the policies stem from the last budget and are already costed. Deficit targets aren't being met as fast as they would like but they are going in the right direction. The economy is still growing even against the backdrop of Brexit. On the other hand Labours manifesto is full of massive new spending commitments. Therefore the onus is on them to tell us how they will be costed. Corporation tax and the high earners won't do it. The IFS say so.
When you say 'when' which cut are you referring to as that isnt true for all of them
Doesn't tax take always go up anyway? And the comparison is between years that were in the middle of a financial crash - i.e, not a sound comparison.
So basically, as you mockingly described Labour's manifesto, "numbers don't matter - just sell the message".
It's a pure passporting issue, nothing to do with tax. I feel I may be leaping into a convo that's midway through and will butt back out!
You can have long periods of stagnation though, like we've seen with next to no wage growth over multiple years.
Not only is IHT a totally flawed tax due to the geographical issues, but it is duplication too. A property has already been subject to tax, both at the time of purchase and every month since.
My point isn't about social media psychology. It's that there seems to be the same level of Tory bell-ends who're talking shit as previous elections; but there appears to be a huge increase in left wing morons who believe others aren't entitled to their own views without ridiculous levels of condescension and abuse.
This large increase that many people are seeing will in my view lead to a larger portion of "shy" Tory voters and could well cause the polls to be significantly wrong.
It's why I was considering putting a few quid on 390 - 419 Tory seats which would be a majority of over 100 seats.
Aye that wasnt the point discussed. I've yet to hear any of our clients moving to Dublin for passporting reason as most already have a EU presence to cover it off. Thats probably more to do with our product base than anything.
I think there's a danger when this is discussed to paint a picture of the entire city moving.
We got our first tory leaflet yesterday, I'm not entirely sure how they managed to find a volunteer in this constituency.
They put it down to 19% a couple of years back and the take went up. This is because lower rates attract inward investment which creates more companies that employ more people. This is why we have the highest rate of employment for decades. There are problems with wage growth that given time should be addressed. But if you think that the answer to those sorts of problems is to turn it all upside and vote in a tax and spend government then you are wrong. It's been done and it has failed. I'm not saying the current model is perfect but it is far better than this proposed populist rubbish. It's nice and cosy and very humane but it's pie-in-the-fecking-sky. Don't be duped.