Starmer's vision quest

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CXRAndy

Über Member
 

Psamathe

Well-Known Member
Re: Non-DOM Tax Changes
Saw a report on BBC Newsnight last night where they were interviewing 2 non-DOMs, one leaving the UK because of tax changes, other staying. And one leaving UK was going on about how her living in UK meant she'd be investing in UK which is good for UK whereas if she lives overseas then UK won't benefit from her investment ... and I thought "how daft" and complete rubbish. You invest in wherever the best investment for your requirements is available (in whatever country). If the best return for a given risk, term, etc. happens to be in Brazil and you live in France then you invest in Brazil and it's easy.

Also she was upset about having to pay tax on overseas earnings when resident in UK claiming UK was unique in that regard. When I lived in France I was employed by my UK company, salary paid in £ to a UK bank and incl. UK NI deductions and my UK earnings had to be declared on my French tax returns (ISR) and were liable for both French tax and French Social Charge. And I know this was necessary as I had French accountants filling in my French tax returns.

Really discredits any case these non-DOMs are making about their not paying tax when they come out with such rubbish.

Ian
 
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icowden

Squire
Really discredits any case these non-DOMs are making about their not paying tax when they come out with such rubbish.
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Stevo 666

Member
Quite right. We should stop all imports from the US until they recognise that criticism of Israel is not antisemitism and Elon Musk stops using his money to buy elections.

A free trade deal with the largest economy on the planet and the price is that we put wokeys back in their box?

Sounds like a win-win to me.
 

CXRAndy

Über Member
You invest in wherever the best investment for your requirements is available (in whatever country). If the best return for a given risk, term, etc. happens to be in Brazil and you live in France then you invest in Brazil and it's easy.

You do if you're at the level of international business, offices/manufacturing all over the world.

If you're extremely wealthy but on a lesser scale you will likely do business more locally to keep an eye on it.
 

CXRAndy

Über Member
 

Stevo 666

Member
Not looking forward to seeing the impact her NI increase is going to have on businesses. I know it's going to knock the thick end of £5m a year off our UK profits but a lot of smaller businesses are going to have a really hard time of it.
 

CXRAndy

Über Member
She was told, but still proceeded.

Anyone who voted labour(expect many on here did) will be smarting at the pain they are about to experience. Job losses, increased daily costs
 

Stevo 666

Member
She was told, but still proceeded.

Anyone who voted labour(expect many on here did) will be smarting at the pain they are about to experience. Job losses, increased daily costs

RFA and Starmer had painted themselves into a corner by rising out rate increases for income tax, VAT, corporation tax and (disingenuously) national insurance - those 4 being the largest sources of tax revenue.

They said they were going for growth but their actions have done nothing of the sort.
 

icowden

Squire
RFA and Starmer had painted themselves into a corner by rising out rate increases for income tax, VAT, corporation tax and (disingenuously) national insurance - those 4 being the largest sources of tax revenue.
And weirdly failing to go after the other potential large sources of tax revenue like non-doms, multinationals and the oil, water and gas industry who have made huge profits with little taxation - indeed in the case of water, extracting billions from the UK economy and literally giving a crap return to the UK.
 

C R

Veteran
And weirdly failing to go after the other potential large sources of tax revenue like non-doms, multinationals and the oil, water and gas industry who have made huge profits with little taxation - indeed in the case of water, extracting billions from the UK economy and literally giving a crap return to the UK.

I really can't understand why troll 1 and troll 2 are so upset with Starmer, given that Starmer's government is doing pretty much everything that the conservatives would have done. It almost feels like Sunak won the election.
 
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