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"Taxes of Evil"

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Comments

  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    When they keep going on about the transport budget having to be cut, what does that actually mean, building roads?
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    StevieJ wrote: »
    When they keep going on about the transport budget having to be cut, what does that actually mean, building roads?

    No idea in specific detail and it would be hard to find out as transport is one of those things that is split between central Government (eg trains, motorways, some trunk roads, some buses, some taxi services) and local Government.

    If it was something that was specifically an interest and you had some accounting knowledge (just to bookkeeper standard I would think) then you could probably work it out if you took the time.

    The Government keeps books that, to me at least, seem very detailed yet very opaque.
  • Lotus-eater
    Lotus-eater Posts: 10,789 Forumite
    10,000 Posts Combo Breaker
    StevieJ wrote: »
    When they keep going on about the transport budget having to be cut, what does that actually mean, building roads?
    It means whatever they want it to at that moment. Depends what was in the Daily Mail that morning.
    Freedom is not worth having if it does not include the freedom to make mistakes.
  • Generali wrote: »
    3rd place: dog licence (why have a tax of 30p or something that cost a tenner to collect?)
    2nd place: Poll Tax
    1st place: marginal tax rate on unearned income (eg interest) > 100% in the 1960s


    The "Tobin tax" has been raised again by the UK Treasury & obviously this will have the likes of Germany and France salivating.

    The treasury is quoted as saying that "revenue could be potentially very large" as if the (admittedly) seductive idea of a tiny transactional tax is some kind of taxation alchemy & conjures tax revenue out of this air.

    A bit disappointing that no Tory will stand up and make the intellectual case against this type of tax, ie that ultimately all taxes are paid by individuals.

    It's all getting a bit worrying.
    US housing: it's not a bubble

    Moneyweek, December 2005
  • iltisman
    iltisman Posts: 2,589 Forumite
    edited 11 December 2009 at 1:55PM
    TV Licence buy it and fund the TV version of the Guardian or you are fined and get get a criminal record.
  • StevieJ wrote: »
    When they keep going on about the transport budget having to be cut, what does that actually mean, building roads?


    Probably, it usually means plans for bypasses, road widening etc get scrapped - although there are also plenty of cities who were hoping to get tram projects which now stand little chance.

    The big projects like Crossrail (London) are supposedly unaffected as will the Olympics transport upgrades.
    US housing: it's not a bubble

    Moneyweek, December 2005
  • lemonjelly
    lemonjelly Posts: 8,014 Forumite
    1,000 Posts Combo Breaker Mortgage-free Glee!
    adampeek wrote: »
    Serious Question.....

    Why do we pay Council Tax? To pay for local services? !!!!!! is Income Tax for then???

    I'd love someone to actually work out what % of the average Joe's salary is paid away in Taxes.

    LA's budgets are actually only 15% (approx) made up by council tax paid by local residents.

    Business rates make up approx 25%.

    The rest comes from central government.

    Which is why I giggle sometimes at those who state "I pay my council tax..." about stuff. It actually contributes small fry, relatively speaking.
    It's getting harder & harder to keep the government in the manner to which they have become accustomed.
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    kennyboy66 wrote: »
    The "Tobin tax" has been raised again by the UK Treasury & obviously this will have the likes of Germany and France salivating.

    The treasury is quoted as saying that "revenue could be potentially very large" as if the (admittedly) seductive idea of a tiny transactional tax is some kind of taxation alchemy & conjures tax revenue out of this air.

    A bit disappointing that no Tory will stand up and make the intellectual case against this type of tax, ie that ultimately all taxes are paid by individuals.

    The obvious case against the Tobin Tax is that it's impossible to administer as there isn't a 'foreign exchange' in the same way that there is a stock exchange, all you have is a bunch of banks, companies and individuals.

    Let's say the OECD and EU companies introduce this tax, well the FX transactions just get moved to Vanuatu or the Caymans or Sealand (link).

    The other point you eloquently make is that all taxes end up being paid by most people. If you impose a tax on banks then that tax will end up being paid by their owners and customers - there's nobody else who can pay it!
  • lemonjelly
    lemonjelly Posts: 8,014 Forumite
    1,000 Posts Combo Breaker Mortgage-free Glee!
    Generali wrote: »
    The obvious case against the Tobin Tax is that it's impossible to administer as there isn't a 'foreign exchange' in the same way that there is a stock exchange, all you have is a bunch of banks, companies and individuals.

    Let's say the OECD and EU companies introduce this tax, well the FX transactions just get moved to Vanuatu or the Caymans or Sealand (link).

    The other point you eloquently make is that all taxes end up being paid by most people. If you impose a tax on banks then that tax will end up being paid by their owners and customers - there's nobody else who can pay it!

    Nail on head imo.
    It's getting harder & harder to keep the government in the manner to which they have become accustomed.
  • BTman
    BTman Posts: 354 Forumite
    Uniform Washer
    iltisman wrote: »
    TV Licence buy it and fund the TV version of the Guardian or you fined and get get a criminal record.

    I agree, stopped paying mine in September. The BBC don't like me anymore and are now sending out letters calling me a criminal and threatening to send an "officer" to check my property. I'm not evading as I no longer watch live TV, so will choose not to let them in without a warrant and police officer.
    I use i-player /4OD etc to catch up when it suits me.
    It's also very liberating to not be ruled by "the box".
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