How Criminals Built Capitalism

michaels

Don't forget as well as the direct taxation such a change might or might not generate, there are also indirect effects of rich individuals no longer being resident in the UK and no longer spending their cash on renovations, hair cuts lattes etc which will reduce VAT, income tax etc etc. Still who cares if we are all poorer as long as it is fair?

kabayiri

michaels wrote: »

Don't forget as well as the direct taxation such a change might or might not generate, there are also indirect effects of rich individuals no longer being resident in the UK and no longer spending their cash on renovations, hair cuts lattes etc which will reduce VAT, income tax etc etc. Still who cares if we are all poorer as long as it is fair?

Rich people licensing Ferraris and Merc convertibles as cabs to avoid the congestion charge.

1/3 of properties in Hyde Park One not paying their council tax.

Cigarettes and booze available up and down the land free of duty.

Booze cruisers who turn into mini alcoholics at the sight of a channel ferry.

95% of medical car injury claim is whiplash related ! I'm surprised anyone can walk nowadays.

Slips, trips, and falls. Every mundane walk to the newsagent is a potential death trap.

MPs setting a good example with their house flipping; duck houses; and work done without receipts.

Yep. I'm so glad all those criminal days are truly behind us! :rotfl::rotfl:

tincans6

antrobus wrote: »

According to Ed Balls; "I think if you abolish the whole status, then probably it ends up costing Britain money because there will be some people who then leave the country."

Did you guess right?

Yep - guessed right sure enough.

You clearly didn't listen to his exact words which were " if you abolish non-domicles altogether ............"

There clearly needs to be some arrangement for a country which has many foreign born people working here - and the 3 year limit might arguably be a little short.

But if it's such a great idea why do no other OECD countries offer it ?

No one really knows how much it might lose in revenue but its probably not that significant, and its not like Labours mad ideas around energy pricing. It removes an anomaly that dates to the era of Empire - and demonstrates the utter moral bankruptcy and cowardice of people defending it.

Why not go further and have special rules for foreign kleptomaniacs who have looted their countries wealth - if we could persuade them to live here, thing of the VAT that could generate.

Thrugelmir

Be a mass migration to Eire. They'll welcome tax exiles with open arms. Short sighted view from the Labour party.

tincans6

Thrugelmir wrote: »

Be a mass migration to Eire. They'll welcome tax exiles with open arms. Short sighted view from the Labour party.

Ireland currently has tax residence not dissimilar to most OECD countries - that is you spend more than 183 days in a year and you are taxed on your worldwide income.

Prime ministers from John Major to Tony Blair have been bought off by a load of large non-dom party donations.

The idea that Roman Abramovich or whoever is going to start turning up at Croke Park is risible.

When did the British become such a craven bunch of lick-spittle grovellers ?

Please Sir, can I have some more.

It's pathetic.

Generali

tincans6 wrote: »

Ireland currently has tax residence not dissimilar to most OECD countries - that is you spend more than 183 days in a year and you are taxed on your worldwide income.

Prime ministers from John Major to Tony Blair have been bought off by a load of large non-dom party donations.

The idea that Roman Abramovich or whoever is going to start turning up at Croke Park is risible.

When did the British become such a craven bunch of lick-spittle grovellers ?

Please Sir, can I have some more.

It's pathetic.

Viva has started a non dom thread. Can we keep this one on topic please?

System

Generali wrote: »

Viva has started a non dom thread. Can we keep this one on topic please?

It was a good question, posing an interesting speculation.

Might it not be the case that a certain degree of criminality might be necessary for any great advance in human progress?
Laws, and hence the definition of criminality, are artificial constructs of the society at the time, or of later generations indulging in hindsight and retropspective re-definition.
May be adherence to the rule of law is only a luxury that can be indulged in by comfortable people who have not broken any moulds?

Generali

Clifford_Pope wrote: »

It was a good question, posing an interesting speculation.

Might it not be the case that a certain degree of criminality might be necessary for any great advance in human progress?
Laws, and hence the definition of criminality, are artificial constructs of the society at the time, or of later generations indulging in hindsight and retropspective re-definition.
May be adherence to the rule of law is only a luxury that can be indulged in by comfortable people who have not broken any moulds?

Thinking back, a lot of 'game changing' technologies probably wouldn't be allowed now. Imagine if someone invented the car or aeroplane these days with the safety standards that they had in the early days given modern obsessions. Penicillin would, AIUI, have been stopped when it failed Phase II testing.

Most chemicals used in food and industry were simply grandfathered in with little or no testing which I doubt would be allowed these days.

Even if then laws weren't broken, many breakthroughs in capitalism were as a result of things that wouldn't be allowed today.

BobQ

http://www.historic-uk.com/HistoryUK/HistoryofEngland/south-sea-bubble/

T'was ever thus..................

vivatifosi

Gen, I thought of you yesterday as there was an article on R4 about AirBNB. Apparently in parts of London there are flats that are never occupied long term, just put out as short term lets. The council was talking about the impact it has on people living there, as people on holiday don't go to bed early, so there is noise into the night. The company said that the T&Cs are clear from their site and its up to the owners to abide.

Second case was a woman who was renting out a room in her rented Cotswolds cottage and then got an eviction notice from her landlord. She couldn't see that she was doing anything wrong.

Impact.. costing councils and landlords money to put right.

I thought it funny timing that you had mentioned its borderline legality, and then it popped up on the radio in a v timely fashion.