Portugal losing 230b in taxes and had to ask the Germans for 100+ billion of euros.
Greece Vs EU
- Thread starter Stanley Road
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That's why I believe a 10 or 15% flat taxes with no loops would be the best for every country, people like us who have a paycheck cannot avoid taxes but the rich people will find ways to pay almost nothing.
Wrap it up how you like, what % tax does the business pay?
Not every penny is spent efficiently but even where it isn't it's in pursuit of a good thing
I am and so are those figures above in the graph
If you are in the 60% bracket I expect 60% to be taken, no more no less. I am in the 40% and I pay 40, I pay 52% on bonuses and redundancy payments, those are the rules, no escape
Nah, it's shit. To replace all taxes with a flat tax you'd need rates up in the 35% range (hazy memories of a newsnight report)
The figures in that graph have nothing to do with what I'm talking about. I don't think you understand the difference between tax evasion and tax avoidance.
Tax rates are irrelevant as I pointed out in the Brady case which PM chose to dismiss as an anecdote.
You can make the tax rate 10% and if you collect 100% of that you will be better off than having a staggered system where nothing is collected
You can make the tax rate 10% and if you collect 100% of that you will be better off than having a staggered system where nothing is collected
Yeah they do
or they may do if we knew your figures and the figures of the graph, you cant provide them of course and nor does the graph
No they don't. Google "tax evasion" then re-the post of mine you quoted.
Exactly. You can see it better in Southern Europe. As we can't compete with our products with the rest of the world, we cut wages.
Well that depends which country projects are operating in...
But we pay the full tax due and of course ensure we are utilising the legitimate tax relief we are entitled to... Eg depreciation
But essentially 20% in the UK
https://www.gov.uk/corporation-tax-rates/rates
On a personal basis I pay higher rate tax at 40% and on a good year I would probably loose some bonus at 45%
When delivering a project in Africa for example it may be a pre-requisite that we set up a company in situ for the duration of the job and then of course we pay tax there... though it can get complex when you then start to think about uk set up costs or depreciation of equipment and how / where you choose to allocate that... currently working on projects in 16 countries... some sale some lease some rental some pure design work so frankly my accountant is busy making sure we are recording things properly and consistently so that the bank don't have me sacked or thrown in jail when they audit us and see what we are doing with the quarter of a billion they lent us
He certainly isn't busy looking for tax loopholes... he is keeping us legal and out of jail
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No i absolutely wont google it until the full information is provided, why would I waste my time?
Because you might learn something? Feel free to keep arguing about stuff you don't understand though. Whatever floats your boat.
Figures please
'The Rich' aren't paying anything like the effective tax rate of the middle. 'The Rich' aren't getting PAYE taxed. Organising your tax affairs efficiently isn't illegal or immoral.
The feck are you on about? You need to understand the terminology before you can talk figures. You still don't understand what tax evasion means.
They are though. Look at the income thresholds being suggested for more punitive taxation of "the rich" and that will include huge numbers of PAYE workers. Including public sector employees. Most doctors at some point in their career, for starters.
In France or Portugal it's not the rich who don't pay their taxes at least they are not the main problem, the main culprit are little companies and artisans that don't declare all their work and employees.
I guess we have differing definitions of rich? I don't mean the upper middle classes, the types earning £100k etc. Of course they are incredibly well recompensed in comparison to the national average and especially the international, I meant the real high earners who don't have a salary.
Everyone thinks they pay too much tax and that the next person isn't paying enough.
Exactly.
I also read that one of the most consistent definitions of "rich" was anyone that earns twice as much as the person asked the question.
I dont think i pay too much, for the tax bracket i am in i pay the full amount, the correct amount, the % my tax bracket requires me to pay based on my salary.
I like the idea of everyone getting taxed 10% more flat, and then receiving a monthly allowance, say £500 regardless of income.
Sos' Mr Altruism.
"disinterested and selfless concern for the well-being of others"
The total opposite of me but carry on
What is the current situation? Is Greece still fecked?
Greece suffers from a tax dodging middle, and upper class, topped off by a bloated public sector. The Greeks are naturally upset at the lack of traction in addressing the tax dodging side of it by successive governments. Can't blame them for being pissed.
No, its an economic miracle
They will probably never recover at all. They only solution is to cut their debt.
It's a nice spin to put on things for a Eurosceptic newspaper like the Torygraph but this is a relatively insignificant problem. The whole article is based around fraudulent benefit claims.
Greece is in debt to the tune of €321 billion.
? I wasn't.
Greece sufferd mostly from austerity plan, which was forced onto them.
Prior to that for decades.
There's an interview with Martin Schultz in the Guardian today, didn't realise he had a drink problem, gone up in my estimation.
Its that time of year again
https://www.theguardian.com/world/2...ay-explosive-debt-problems-imf-alexis-tsipras
For the first time since the debt crisis erupted, 53% of those asked in a recent Alco poll said they believed the euro was “wrong” for their country, with a third calling for the return of the drachma.
Well that didn't take long to sink in
https://www.theguardian.com/world/2...ay-explosive-debt-problems-imf-alexis-tsipras
For the first time since the debt crisis erupted, 53% of those asked in a recent Alco poll said they believed the euro was “wrong” for their country, with a third calling for the return of the drachma.
Well that didn't take long to sink in
Met an Athenian last week. He told me that most of the facilities built for the Olympics, were free to use for years after the games.
Is that true? And if it is, who the feck runs a country like that?
Is that true? And if it is, who the feck runs a country like that?
Successive greek governments have all run it like that.
I just went through some data for work and found this beauty:
Greece’s „annual final consumption expenditure” was higher than their „net national income” since 2005. Between 2004 and 2008 they increased it from 95% to over 110%. Since 2009 it is oscillating between 110% and 115%.
So in short: for the last 13 years they are consuming a lot more than they are earning. Even after the crisis. That’s precisely the reason why Tsipras doesn’t want to leave the euro. All talk and accounting tricks aside, the numbers don’t lie. They’d need to cut their consumption by ~15-20%, if European taxpayers wouldn’t subsidies them. But obviously some people will continue to blame “austerity” for their problems. That’s a lot easier than facing the hart reality: In the long run you can only spend what you earn. They are responsible for their economic problems; not some obscure elite; not other European countries; not the banks.
Greece’s „annual final consumption expenditure” was higher than their „net national income” since 2005. Between 2004 and 2008 they increased it from 95% to over 110%. Since 2009 it is oscillating between 110% and 115%.
So in short: for the last 13 years they are consuming a lot more than they are earning. Even after the crisis. That’s precisely the reason why Tsipras doesn’t want to leave the euro. All talk and accounting tricks aside, the numbers don’t lie. They’d need to cut their consumption by ~15-20%, if European taxpayers wouldn’t subsidies them. But obviously some people will continue to blame “austerity” for their problems. That’s a lot easier than facing the hart reality: In the long run you can only spend what you earn. They are responsible for their economic problems; not some obscure elite; not other European countries; not the banks.
Well that's ok then, when you find out how to grow an economy by implementing harsh austerity you will become a rich man.