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Politics, politics, politics (so long and thanks for all the fish)

monkeybarry said:
For many people on low incomes, yes it is.
It's why we have sliding tax scales and should focus on tax take from those with more - because you can't eat money.
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An extra hundred a year for people on 20 grand. To pay for their care should they need it.

Everyone wants someone else to pay for stuff. It seems fair, people who earn more are paying a higher amount, no issue at all.
 
Danishfurniturelover said:
An extra hundred a year for people on 20 grand. To pay for their care should they need it.

Everyone wants someone else to pay for stuff. It seems fair, people who earn more are paying a higher amount, no issue at all.
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It's over £1k extra a year for people ona comfortable but far from rich salary.

That's a massive increase on top of what's already an absolutely disgusting level of taxation.
 
glasgowspur said:
The level of taxation isn't disgusting, how its spent in a lot of cases certainly is.
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I think that's why people object to paying more, I don't mind a little bit more for decent services though there's definitely a squeezed middle between poor and rich (I fall into this) who receive little back but aren't rich enough not to care.

This social care tax seems fair enough to me, they could tweak a few other taxes to level it out a bit but the general idea to at least partially address this issue is welcome.
 
glasgowspur said:
The level of taxation isn't disgusting, how its spent in a lot of cases certainly is.
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That it's taken and spent at all for anything other than absolutely required is the first mistake.

Taking more and spending more to fix the inherent problem of a monolithic, socialist answer to a capitalist problem is just doubling down on the stupid.
 
scaramanga said:
That it's taken and spent at all for anything other than absolutely required is the first mistake.
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At last!! The scales have fallen from your eyes. Vote the robbing bastards out, right? Right?
And not only that they are raising taxes too! The thieving swine. They are little sticking their grubby little hands into your pocket and spending it on a yacht for jollies. I kid you not. Welcome to the revolution. It won't be televised as they have a plant running the BBC now. You can stream it though
 
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Rorschach said:
At last!! The scales have fallen from your eyes. Vote the robbing bastards out, right? Right?
And not only that they are raising taxes too! The thieving swine. They are little sticking their grubby little hands into your pocket and spending it on a yacht for jollies. I kid you not. Welcome to the revolution. It won't be televised as they have a plant running the BBC now. You can stream it though
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If they're going to be a tax and spend govt then they're certainly no better than the other lot.
 
The levy will start as a 1.25 per cent rise to National Insurance (and to the tax on share dividend income) from April 2022 and then switch to a hypothecated health and social care tax from 2023.
Working pensioners will pay this tax for the first time.
 
Danishfurniturelover said:
An extra hundred a year for people on 20 grand. To pay for their care should they need it.

Everyone wants someone else to pay for stuff. It seems fair, people who earn more are paying a higher amount, no issue at all.
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Actually no.
NI is a flat rate tax, so disproportionately affects lower income people.
The impact of employers NI will also be felt harder by that group through (and/or) lower wages, higher prices.
The flat £86k rate also disproportionately affects those whose assets are lower in value and appreciate by a smaller amount due to location. (IE property)
 
monkeybarry said:
90k is in the top 2% on earners in UK......
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That may be, but I'd be very surprised if anyone earning £90k had anything spare for the govt to spaff up the wall.
At £90k in the South East, I'd imagine they'd have a fairly sizeable mortgage to pay. Some food, clothes, a car and a set of school fees and there won't be a lot of change left.
 
scaramanga said:
That may be, but I'd be very surprised if anyone earning £90k had anything spare for the govt to spaff up the wall.
At £90k in the South East, I'd imagine they'd have a fairly sizeable mortgage to pay. Some food, clothes, a car and a set of school fees and there won't be a lot of change left.
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Agreed.

And with avge salaries around £27-34k, it shows how big the gap is and how this measure will affect those on lower incomes.

It just shows how unrealistic the cost of living is in the UK - it doesn't take a scientist to see who has been in charge for the majority of the last 40 years and where their loyalty is..... and it isn't for the 99% (for reference - circa £116k is top 1%)
 
Online shopping giant Amazon has said it is "proud" of its contribution to the UK economy, as it reveals its latest financial results.

The firm paid £492m in taxes on sales which rose 50% to £20.63bn, amid a Covid-driven surge in demand.

Amazon and other tech firms, which pay tax on profits not sales, have faced scrutiny over how much tax they pay in the UK.

But Amazon said it had invested £32bn in UK infrastructure since 2010.

"We are proud of the significant economic contribution we are making to the UK economy," Amazon said in a statement.

"Looking ahead, we know that the UK remains full of opportunity and we continue to be excited by the potential to continue to invest, create jobs, develop talent and have a positive impact in communities across the country," the statement added.

Amazon's total sales in the UK, rose to £20.63bn during 2020 - up by more than 50% from £13.73 last year.

The firm, which employs 55,000 people in the UK, said the taxes included business rates, stamp duty, and other contributions.

Amazon said employers' national insurance taxes accounted for the majority of the bill as it took on 22,000 more staff over the course of the last year.

In April last year, the UK government launched a 2% tax on digital sales amid concerns that big tech firms were re-routing their profits through low tax jurisdictions. The Digital Services Tax is also included in the £492m figure.

Chancellor Rishi Sunak said in June last year that the coronavirus crisis had made tech giants even "more powerful and more profitable".
 
markysimmo said:
Online shopping giant Amazon has said it is "proud" of its contribution to the UK economy, as it reveals its latest financial results.

The firm paid £492m in taxes on sales which rose 50% to £20.63bn, amid a Covid-driven surge in demand.

Amazon and other tech firms, which pay tax on profits not sales, have faced scrutiny over how much tax they pay in the UK.

But Amazon said it had invested £32bn in UK infrastructure since 2010.

"We are proud of the significant economic contribution we are making to the UK economy," Amazon said in a statement.

"Looking ahead, we know that the UK remains full of opportunity and we continue to be excited by the potential to continue to invest, create jobs, develop talent and have a positive impact in communities across the country," the statement added.

Amazon's total sales in the UK, rose to £20.63bn during 2020 - up by more than 50% from £13.73 last year.

The firm, which employs 55,000 people in the UK, said the taxes included business rates, stamp duty, and other contributions.

Amazon said employers' national insurance taxes accounted for the majority of the bill as it took on 22,000 more staff over the course of the last year.

In April last year, the UK government launched a 2% tax on digital sales amid concerns that big tech firms were re-routing their profits through low tax jurisdictions. The Digital Services Tax is also included in the £492m figure.

Chancellor Rishi Sunak said in June last year that the coronavirus crisis had made tech giants even "more powerful and more profitable".
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Yet again, the govt has the wrong answer on taxation.

Don't create a (simply avoidable) tax to stop proceeds being taken to low tax jurisdictions, become a low tax jurisdiction and get all that yummy tax paid in this country.
 
monkeybarry said:
Agreed.

And with avge salaries around £27-34k, it shows how big the gap is and how this measure will affect those on lower incomes.

It just shows how unrealistic the cost of living is in the UK - it doesn't take a scientist to see who has been in charge for the majority of the last 40 years and where their loyalty is..... and it isn't for the 99% (for reference - circa £116k is top 1%)
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Those on £27-34K aren't paying an extra £1k+ a year for this though.
 
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