Debate House Prices


In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Should the UK have Tax (and income) transparency

245

Comments

  • michaels
    michaels Posts: 29,133 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Yes - it would help with evasion, benefits cheating and gender pay inequality
    What's your total state funded income from your gaming of the system? Can you also provide your name and address as I would like to send you an invoice so I can reclaim some of my 35k of tax from this year off you to help provision for future of my son
    I get wtc, ctc and child benefit commensurate with working full time and having 3 kids. Oh and 200 in interest income.

    Seems you agree that full disclosure so that those who are gaming the system can be observed is what is needed.
    I think....
  • Mistermeaner
    Mistermeaner Posts: 3,024 Forumite
    Part of the Furniture 1,000 Posts
    No - It is between me and my employer and would only lead to jealousy and crime
    michaels wrote: »
    I get wtc, ctc and child benefit commensurate with working full time and having 3 kids. Oh and 200 in interest income.

    Seems you agree that full disclosure so that those who are gaming the system can be observed is what is needed.

    I voted no on basis of income from working being private between employer and employee but I think spending of public money inc benefits and public sector employees should be made public.
    Left is never right but I always am.
  • Mistermeaner
    Mistermeaner Posts: 3,024 Forumite
    Part of the Furniture 1,000 Posts
    No - It is between me and my employer and would only lead to jealousy and crime
    And I also need your name and address
    Left is never right but I always am.
  • michaels
    michaels Posts: 29,133 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Yes - it would help with evasion, benefits cheating and gender pay inequality
    I voted no on basis of income from working being private between employer and employee but I think spending of public money inc benefits and public sector employees should be made public.
    So income could be private but tax paid to the state should be public?
    I think....
  • chucknorris
    chucknorris Posts: 10,793 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    edited 1 April 2016 at 3:50PM
    Yes - it would help with evasion, benefits cheating and gender pay inequality
    I voted yes, but I forgot about jealousy and the problems that it can cause. It doesn't matter on an anonymous forum if people know how much you have, but in real life, privacy can and often does matter.
    Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop
  • Mistermeaner
    Mistermeaner Posts: 3,024 Forumite
    Part of the Furniture 1,000 Posts
    No - It is between me and my employer and would only lead to jealousy and crime
    michaels wrote: »
    So income could be private but tax paid to the state should be public?

    No. Income received from the state should be public.
    Left is never right but I always am.
  • chucknorris
    chucknorris Posts: 10,793 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Yes - it would help with evasion, benefits cheating and gender pay inequality
    No. Income received from the state should be public.

    I don't mind my salary being public, but I wouldn't want my dividend and rental income to be public information.
    Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop
  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    Yes - it would help with evasion, benefits cheating and gender pay inequality
    No. Income received from the state should be public.

    why would that be ?
  • wotsthat
    wotsthat Posts: 11,325 Forumite
    I prefer privacy. I don't even let HMRC adjust my tax code for pension payments and prefer to collect the rebate via a self assessment - I don't want my employer to see how hard I'm saving up to leave.

    I'd be interested in a system where an annual statement was sent out which detailed income, benefits received, tax paid and compared against my share of government spending. Just with a little note at the bottom for the 'I've paid in mob' to clarify that if the balance is negative then someone else has stepped in to pay their share or the government has borrowed.
  • PasturesNew
    PasturesNew Posts: 70,698 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    It's meaningless guff unless there's an actual point to it.

    I don't disagree with the concept, but I feel it'd just be more data/statistics that wouldn't actually lead to change... well, not in my lifetime, so not interested .... we've had equal pay etc since the 70s allegedly and still it doesn't happen.

    On the whole it's most companies .... that do it. Even those that shouldn't (e.g. I bet if you had those figures for, say, solicitors dealing in Pay Law they'd show that the fellas earn more and get promoted more easily).
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.3K Banking & Borrowing
  • 253.2K Reduce Debt & Boost Income
  • 453.7K Spending & Discounts
  • 244.2K Work, Benefits & Business
  • 599.4K Mortgages, Homes & Bills
  • 177.1K Life & Family
  • 257.7K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.