And, as has been said, IHT doesn't raise that much. You would have to drop the Nil Rate Band to about £200k and remove spouse exemption to make much of a dent.
I'd love the see the tabloid headlines the day after they announce that one.
Re 2 and 3.
You have huge faith in Boris's integrity re him keeping to his manifesto.
Manifesto "commitments" are guidelines at the best of times. In these times, I think they can be safely ditched. As per the pension triple lock. Utterly unsustainable and has to go. This is the excuse to...
Well yes, what's past is past and now entirely irrelevant, but thanks for the history lesson.
What matters is how we rebuild our public finances now so that everyone pays a fair amount. Going back to how things were before won't be an option, the poor and middling don't have enough money to...
Countries need to work together. We need to be closer to supranational organisations for very reasons like these. At the moment it's all too easy for individual counties to be played off against each other. This means grown up politicians prepared to make a more complex argument to their...
I think one example has already been pointed out to you by another poster
Elderly people "giving" property away in the hope of living 7 years is pretty widespread.
Sticking things which contribute to it, like life assurance would be a big one, in trust.
There's a whole industry around...
I think we're saying the same thing? If blue-shifted coffee shop ltd makes £100k profit per year, then pays 20%ish tax on that, whereas starbucks next door doesn't pay any tax on profit, meaning that to make the same profit on any given cup of tea, blue-shifted café ltd has to charge 20% extra...
Oh yes, don't you think this corporation tax percentage should be increased? It would be if the multinationals paid their share.
I disagree with you about the nice headlines as well. If we're going to ask people to pay more to pay off debts and rebuild the economy, which clearly we are, it's...
The set up costs are EDF, but I'm pretty sure I'm correct in saying this is PFI for which we will pay a lot more over the long term.
More generally, I'm not advocating we don't invest in the economy, but smaller local projects rather than massive national vanity projects. The completion quote...
I haven't figured out the minutiae dear boy.
But yes percentage of the value seems fair. What doesn't seem fair, is in the example earlier, whereby I can get a cup of tea from one shop which does pay tax or a cup of tea from another one next door which doesn't. And the cup of tea from the...
To pay off this Coronavirus debt, if I was in power ...
All big ticket items (HS2), that nuclear plant etc, scrapped immediately. Their costs will only escalate as their workers will have to socially distance.
Publish tax of all companies trading and mark them all very publically, red, amber...
You're not alone and what I think is needed is people like you gathering together and being open and what you're doing and why you're doing it and more and more will get on board
Having said that, lack of knowledge is a problem. I didn't know about Vodafone's tax affairs and I'm with them.
Re the multinationals, the way business pays tax needs to be totally overhauled. It's ridiculous and grotesquely unfair, that I have to pay 25% more in an independent coffee shop, that I do in the Starbucks next door, because the independent shop pays tax.
The tax needs to be on the purchase...
Are you suggesting that these companies will only start to pay a fair amount of tax when people, like you and I, refuse to do business with them on principle?
Agree with the fella who was saying it will take a while to pay this off. A generation. Maybe more.
In terms of the economics, the young are (ok i'm being slightly simplistic) paying for the elderly to have longer lives. Which I don't object to. However the young are also sidled with the...