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Where does our tax money go?

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Comments

  • gfplux wrote: »

    What do you think.

    Well I expect a lot of it may have gone on paying your friends and families benefits.

    Stop knocking the UK. Just because you can't afford to live in the greatest Country in the World, get over it!
  • chris_m
    chris_m Posts: 8,250 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    "It has been good news for UK farmers," said Mr Herdwick, who said that exchange rates had made British lamb more competitive, securing more exports as well as extra sales at home.While imports declined during February, exports rose by 10 per cent on the previous year to 5,600 tonnes.

    Oh what a beautiful typo that article managed to include - considering that Herdwick is my local breed of sheep.

    :rotfl::rotfl::rotfl::rotfl::rotfl:
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    gfplux wrote: »
    So I ask myself. "Britain is one of the richest Country's in the World, where does the money go.

    The British Empire and subsequently the Commonwealth dissolved a long time ago.

    In case you hadn't noticed the UK runs a balance of trade deficit. To fund same the Country has to sell it's silverware. Only so many utility companies, airports, ports, hotels, office blocks, prime residential properties, farms, National Lotteries etc etc etc that there is to sell.

    The UK compared to the Germans. Is very short sighted, i.e. jam today. Look at all the large German manufacturing companies that had an involvement in WW2. In some way they still exist today . Under German ownership as well.
  • chucknorris
    chucknorris Posts: 10,795 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Stop knocking the UK. Just because you can't afford to live in the greatest Country in the World, get over it!

    I am not a tax expert, but isn't Luxemburg a bit of a tax haven? If so, I would think that most people who move there, would definitely be able to afford to live here, but have moved because of their good financial status, don't you think?
    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
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    I am not a tax expert, but isn't Luxemburg a bit of a tax haven? If so, I would think that most people who move there, would definitely be able to afford to live here, but have moved because of their good financial status, don't you think?

    Highest rate of income tax is only 40% and that's above €100,000 (2015 rates).

    Kettle black springs to mind.........(yet again).
  • chucknorris
    chucknorris Posts: 10,795 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Thrugelmir wrote: »
    Highest rate of income tax is only 40% and that's above €100,000 (2015 rates).

    Kettle black springs to mind.........(yet again).

    Seems a bit marginal to me, it would take a lot more for me to move there (or maybe just a lot more wealth :rotfl: )
    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
  • Seems a bit marginal to me, it would take a lot more for me to move there (or maybe just a lot more wealth :rotfl: )
    Ah, but you may not dislike the UK as much as the OP so obviously does from their posts. ;)

    Which really makes one wonder why the number of posts from the OP in a UK forum?
    Do they not have forums in Luxembourg, elsewhere in the low countries or in mainland Europe I wonder?
    I saw this poster elsewhere described as a propagandist; I can see why.
  • chucknorris
    chucknorris Posts: 10,795 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Quite correct, I do love the UK
    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
  • Tiners wrote: »
    As far as the UK is concerned It mainly goes to people getting tax credits whilst they (claim) to work precisely 16 hours a week earning precisely NMW.
    Uh-uh, wrong.
    20% goes on pensions, 18% on healthcare before you get near "welfare", which covers much more than the Tax Credits that you deride.
    http://www.ukpublicspending.co.uk/
  • I am not a tax expert, but isn't Luxemburg a bit of a tax haven? If so, I would think that most people who move there, would definitely be able to afford to live here, but have moved because of their good financial status, don't you think?

    I think you may have missed the 'irony' bit.

    Don't get me wrong it's a pleasant enough place to spend a few days, but I'd certainly not want to live there.

    It also has a bit of a problem with drunken Politicians.;)
    Bit like a c0ck Jean-Claude Juncker's former colleagues speak out about eurocrat

    http://www.express.co.uk/news/uk/801703/Jean-Claude-Juncker-European-Union-Brexit-news-colleagues-offer-opinions
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