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Millionaire Brits Have Left
Posted: Wed Nov 28, 2012 9:19 am
by Lon
I know one of them (a friend) that went to Portugal-----where did the rest go?
Two-thirds of millionaires left Britain to avoid 50p tax rate - Telegraph
Millionaire Brits Have Left
Posted: Wed Nov 28, 2012 11:17 am
by Oscar Namechange
The tax rate Is actually 58 p In the £ when you take Into account national Insurance.
It cripples business's leaving them with less to re-Invest and drives high earners over-sea's. Instead their money sits In off shore accounts Instead of UK banks which helps the economy.
The Lib Dems are actually campaigning for even higher taxes for the well off.
Millionaire Brits Have Left
Posted: Wed Nov 28, 2012 2:47 pm
by Bryn Mawr
oscar;1411487 wrote: The tax rate Is actually 58 p In the £ when you take Into account national Insurance.
It cripples business's leaving them with less to re-Invest and drives high earners over-sea's. Instead their money sits In off shore accounts Instead of UK banks which helps the economy.
The Lib Dems are actually campaigning for even higher taxes for the well off.
Since when did businesses pay the 50% tax rate?
Millionaire Brits Have Left
Posted: Wed Nov 28, 2012 3:24 pm
by Oscar Namechange
Bryn Mawr;1411494 wrote: Since when did businesses pay the 50% tax rate?
Sorry.... I meant wealthy business owners...
Millionaire Brits Have Left
Posted: Thu Nov 29, 2012 10:20 am
by gmc
We should take a leaf out of the US's book and make them liable for UK tax on all their income no matter what part of the world they are in.
posted by oscar
It cripples business's leaving them with less to re-Invest and drives high earners over-sea's. Instead their money sits In off shore accounts Instead of UK banks which helps the economy.
The Lib Dems are actually campaigning for even higher taxes for the well off.
You've fallen for that daft argument have you? Do some research on the UK tax system and find out for yourself the numerous ways the wealthy can avoid paying tax on their income.
It is believed that rich Britons moved abroad or took steps to avoid paying the new levy by reducing their taxable incomes.
It would appear these guys have done their homework you should as well.
The first act of Gordon Brown was to reduce the tax credit in penaion funds from 20% to 10%. He started taking money out of company and personal pensions to the tune of 5 billion a year, that's why so many company pension schemes have shut down if he was taking money out the company had to make up the shortfall, it also reduced the growth of personal pension funds. Osbourne has done nothing to redress the balance. Why are you not upset about that?
We also need to go after the likes of amazon and starbucks. If they won't pay UK tax then they can can piss off and let a british owned business take over. Amazon in particular are in danger of becoming a monopoly. Ubnless of course you tghink it OK for companies to make vast profits out of the UK taxpayers and not pay tax on any of it.
Millionaire Brits Have Left
Posted: Thu Nov 29, 2012 10:33 am
by Oscar Namechange
Don't you start on me and His Wonderfullness you grumpy old bugger. It's my birthday so I shall return when I'm feeling less silly. :p:p:p
Millionaire Brits Have Left
Posted: Thu Nov 29, 2012 3:05 pm
by gmc
oscar;1411522 wrote: Don't you start on me and His Wonderfullness you grumpy old bugger. It's my birthday so I shall return when I'm feeling less silly. :p:p:p
Happy birthday then old girl. Always remember men are like fine wine they mature with age women turn to vinegar. Grey hair is a sign of maturity in a man, old age in a women. Sucks I know bit I didn't make the rules. Once I had a six pack now I have a barrel such is life.
Millionaire Brits Have Left
Posted: Thu Nov 29, 2012 3:51 pm
by Bruv
oscar;1411522 wrote: It's my birthday so I shall return when I'm feeling less silly. :p:p:p
Many happy returns.......but......can we all wait that long ?
Millionaire Brits Have Left
Posted: Thu Nov 29, 2012 3:56 pm
by Oscar Namechange
gmc;1411541 wrote: Grey hair is a sign of maturity in a man, old age in a women. Sucks I know bit I didn't make the rules. Once I had a six pack now I have a barrel such is life.
Yeah.... old men are lie vintage wine.... they gather dust and cork
Millionaire Brits Have Left
Posted: Fri Nov 30, 2012 8:14 am
by flopstock
oscar;1411522 wrote: Don't you start on me and His Wonderfullness you grumpy old bugger. It's my birthday so I shall return when I'm feeling less silly. :p:p:p
Happy belated birthday Oscar!:guitarist
I agree with the comments in this thread re: starbucks and amazon. I can't believe they are really allowed to get away with that. Then again, I can't believe a lot of the crap folks get away with here.