.

Other wealthy living here say their income comes from abroad so like Sunak's wife (until very recently) they pay no direct taxes here.
That is not true - you have to have none-dom status to avoid paying tax here. Most of my pension comes from the States, but I have to pay income tax on it here.
 
That is not true - you have to have none-dom status to avoid paying tax here. Most of my pension comes from the States, but I have to pay income tax on it here.
OK I will modify to : wealthy living in the UK with non-dom status, and I am sure there a good many.

What about the other tax avoidance schemes, are they true?
 
Lol, she’s destroyed herself in just one working week. No way Truss will be leader going in to the next election, so we will have 5 Conservative leaders and PM’s in 8 years. Joke party, no longer any credibility. They are too far gone to come back from this internally too, I think.

PR must come. Labour conference wanted it, other opposition parties want it, a lot of Conservatives might see it as the only way of having any chance of a say in future government policy for decades and that will mean it will happen.
PR is a real possibility now.
Lefty ; give us all a summary of how it generally works please (I think I know but you being a political animal will know more about it)

The Tories (and unfortunately the country) are suffering from a Pandemic, the Ukraine war ; both of which are difficult to navigate in normal times HOWEVER. Brexit is a elephant in the room when it comes to growth in our economy. Loss of freedom of movement has crippled us and all the (far right) Tories want to do now is abolish regulation (that often gives us rights or keeps us safe; like the working time directive they plan to abolish) to grow hte economy.
if Truss keeps tanking support and the Tories panic (as they should because she is an absolute liability for them) and try to oust her and a general election gets called and Labour gets in easily then it may just SAVE this country from terrible harm done by the Tory far right cult.
If Truss gets 2 more years I fear this country in terms of social unrest or just crime levels generally when the poorer in society are told to buck up - work more - work longer and are then squeezed out as a result...
Praying for more carnage to enact a GE....
 
Throughout her career Truss has spun in the wind like a well oiled weathervane, the problem is that now she hasn't something to follow but to lead it all becomes a total mess. A anti monarchist, royalist, a Lib Dem Tory, a remain Brexiteer, a bellicose pacifist, an economic truth denier and an unfaithful, loyal wife.

She is the woman who put moron in oxymoron, a dead behind the eyes, shallow, lightweight, who has been blessed with an unshakable believe in her own ability which is only matched by the levels of delusion of her own popularity.
 
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Not increasing tax on Alcohol in line with inflation was wrong for me.

Alcohol is a luxury and for many has poor health implications - why encourage its consumption?

I know pubs are struggling, but a lot of alcohol is consumed at home now.

Stamp Duty to me should not have been changed neither. £250k allowance for first time buyers was enough except in London and even then I believe you only pay it above the threshold? Increasing tax free gifts inflate hosue prices and makes it harder for first time buyers and loses revenue for the Government and so pushes up interest rates.

Liz Truss campaigned to reverse the income tax and national insurance rise and corporation tax rise, so why mess about with other taxes and why not wait to announce changes at a Budget?
 
In a further sign of competence; after the success of her regional radio interviews last week, she's given a load of interviews to local TV for them to broadcast tonight where she says that there won't be a U-Turn.
 
Throughout her career Truss has spun in the wind like a well oiled weathervane, the problem is that now she hasn't something to follow but to lead it all becomes a total mess. A anti monarchist, royalist, a Lib Dem Tory, a remain Brexiteer, a bellicose, pacifist, a economic truth denier and an unfaithful, loyal wife.

She is the woman who put moron in oxymoron, a dead behind the eyes, shallow, lightweight, who has been blessed with an unshakable believe in her own ability which is only matched by the levels of delusion in her own popularity.
Yeah, but apart from that, she's okay.
 
There are ways to pay less tax if you earn £150k/year for example set your self up as a limited company and pay yourself £12,670 as a PAYE director. With the profits of your company pay your self dividends as a share holder. Obviously some work you are not allowed to become self employed, but I read there are civil servants that have set themseleves as companies.

As an employee there is the EIS scheme where investments into gain 30% tax relief so 45% tax in effect becomes 15%.

Any income from ISAs are completely tax free, so put in £20k a year for 10 years, that £200k fund and then take off 7% interest gives a nice little £14k a year tax free.

You can also get at least 40% tax relief on £40k a year of pensions contributions.

People earning £150k to £200k and paying the income tax quoted in the media etc are in most cases not acting in their best finanacial interests.

Other wealthy living here say their income comes from abroad so like Sunak's wife (until very recently) they pay no direct taxes here.

We are not a high tax country for the wealthy if you know the right schemes which for obvious reasons are not broadcast.

Loop holes you mention above need closing. I know they are not against the law but some are morally wrong.
 
In a further sign of competence; after the success of her regional radio interviews last week, she's given a load of interviews to local TV for them to broadcast tonight where she says that there won't be a U-Turn.
This is bizarre, I mean it's simple media management, ensuring everyone is behind the same story (even if that story changes).

Suggests to me all is not well at the top of the tree.
 
What worries me now is that the fact cats are not going to get their extra cash and therefore wont be spending it. So what is going to trickle down to us plebs. Probably the same as before...................nothing.
 
Arsed - Gordon Brown set up the EIS (I believe) and it was more generous that it is now up to 50% tax relief. The idea was to promote new tech businesses in the UK, but some of the businesses are not tech in my book - for me it could be reduced to 20%.

Tax relief on pensions - for me reduce it to basic rate 20%

£20k a year to put in a ISA seems over generous to me I would half to £10k. That probably meets the needs of 90% of the UK population.

The setting companies to reduce tax I think is quite complex, but its need to more fair and balanced for all tax payers.

Tax help for me should be aimed at those on low incomes for example raising tax allowance to £15k a year. This might also encourage more people into work and help a lot of those on low incomes who are suffering most.
 
Not increasing tax on Alcohol in line with inflation was wrong for me.

Alcohol is a luxury and for many has poor health implications - why encourage its consumption?

I know pubs are struggling, but a lot of alcohol is consumed at home now.

Stamp Duty to me should not have been changed neither. £250k allowance for first time buyers was enough except in London and even then I believe you only pay it above the threshold? Increasing tax free gifts inflate hosue prices and makes it harder for first time buyers and loses revenue for the Government and so pushes up interest rates.

Liz Truss campaigned to reverse the income tax and national insurance rise and corporation tax rise, so why mess about with other taxes and why not wait to announce changes at a Budget?
Taxing alcohol more affects the people that see it as their source of entertainment. If people already feel attacked by all the cuts then increasing the costs of the few things people have left won't go down well. If they did it in another time for health reasons then it's a more reasonable policy. Directly increasing people's costs when there is already a cost of living crisis is less positive.

Stamp Duty shouldn't exist. Houses are expensive enough without having to fork out another big chunk of tax. If you restrict it to 1st time buyers only then you have nobody moving houses. People moving up the ladder should be encouraged because it frees up more affordable housing and people move to houses that they fit better. The cost of moving is way too high. The only thing that should be really hammered is multiple homes. Massive % increase, up to 25%, on 2nd properties will stop people hording houses.
 
PR is a real possibility now.
Lefty ; give us all a summary of how it generally works please (I think I know but you being a political animal will know more about it)

There are many variations. Won't be easy working out the details, but at least every vote will count and we will be less likely to be in hock to an extreme ideological faction of on Party.
 
PR isn't happening and it's a waste of time even discussing it

The Labour Party members voted for it at the recent conference, other parties want it. The Tories are going to be decimated and potentially unable to recover for more than a decade. They will be even more unelectable than they were post Major, the memories and consequences of their austerity/brexit/cost of living/soon to be 5 PM's in 7 years fiasco will live as long in the public psyche as the winter of discontent did. So even Tories may be more open to it, to retain some power or say over policy direction via coalitions.

Also, in effect, the public have been voting in such a way to overcome the FPTP system in recent by-elections.

It's not out of the question by any means.
 
The Labour Party members voted for it at the recent conference, other parties want it. The Tories are going to be decimated and potentially unable to recover for more than a decade. They will be even more unelectable than they were post Major, the memories and consequences of their austerity/brexit/cost of living/soon to be 5 PM's in 7 years fiasco will live as long in the public psyche as the winter of discontent did.

Also, in effect, the public have been voting in such a way to overcome the FPTP system in recent by-elections.

It's not out of the question by any means.
Problem is that when Labour are the majority at the next GE which shows they are capable of being the government on their own they will turn their back on it because it will never benefit them. Nobody in parliament cares about people being represented correctly, they care about their own jobs and they have more chance of getting those jobs under the existing system.

They won't get a majority because they are the best option though, just because they are the best option that keeps the Tories out. They'll start talking about it again when they are next in opposition and then repeat.
 
Problem is that when Labour are the majority at the next GE which shows they are capable of being the government on their own they will turn their back on it because it will never benefit them. Nobody in parliament cares about people being represented correctly, they care about their own jobs and they have more chance of getting those jobs under the existing system.

They won't get a majority because they are the best option though, just because they are the best option that keeps the Tories out. They'll start talking about it again when they are next in opposition and then repeat.

Maybe, but they understand the difficulty they have under FPTP normally, with the Scotland situation for them now and boundary changes. I think Starmer will move on it eventually, he just has to be careful and work behind the scenes.

The current situation and Conservative Party is not the norm.
 
Problem is that when Labour are the majority at the next GE

The odds really are stacked against Labour getting a majority you know.
Gains in Scotland will, at best, be minimal and that leaves the UK.
The boundary changes, to come into effect favour the Tories so (theoretically at least) increase the challenge.

There was a good report in The Observer on this yesterday.
The view was they need an 8% swing to make them the biggest party (then they will have to partner with SNP.
They need something like a 14% swing to get an overall majority,
That hasn’t been seen in my lifetime …… and I;m an auld fella

Not saying it won’t happen but it is in the ‘unlikely’ box.
 
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