So you do rely on the community. Given how much effort you put into avoid tax you're probably more of a sponger than the poor you are railing against.
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Ah, so your family was loaded then.
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Apple Targeted by EU Probe into Irish Tax Policies as U.S. Considers Tax Holiday for Cash Repatriation
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So you do rely on the community. Given how much effort you put into avoid tax you're probably more of a sponger than the poor you are railing against.
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Ah, so your family was loaded then.
You mean a period of great prosperity ? By any measure since 1970's the UK has done fabulously well.
I think you would be in a very small minority if you thought all taxation is bad (ref your tax is theft comment).
Apple and others such as Starbucks, Amazon etc pay way too little tax. Corporate tax rates of 25%-35% as exist in Europe and the US are quite reasonable.
Where is the "injustice" in cause and consequence? They have no right to other people's money.
They do if they can find you, and have a bigger gun than yours, after all it's WINNER takes all.
Neither do the rich to inheriting money and status as you did.
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They do if they can find you, and have a bigger gun than yours, after all it's WINNER takes all.
Well quite.
And because OC is such a nice social person, people will be only to happy to help him in this hour of need.
Such taxes were, in the main, levied for specific purposes and essential services - and agreed to by the payers, since they were the state.
Ochlocracy is the tail wagging the dog. Those who cannot manage their own lives should not be allowed to run a country.
The fact that America is broke and 17 trillion in the hole has nothing to do with tax avoidance, but rather with its own government's faults: inefficiencies, chronical over-spending, endless military budgets, etc.
Most people/companies are FED UP with the way their hard-earned money is misused by gargantuan governments who, instead of targeting towards efficiency, throw money down the loo in humungous govt. agencies, outdated bureaucracy, absurdly underused infrastructures, hordes of bureaucrats who hardly serve any pragmatic purpose, etc.
If governments want to avoid tax avoidance, their first step should be to trim out their own inefficiencies.
How much cash does England actually have in the kitty?
Ten percent flat - across the board is reasonable. Opinions.
Countries don't run with cash in the kitty. That's not how they work, any of them. There are huge levels of debt even in China.
Ten percent flat is not nearly enough to pay the bills even excluding the welfare state as you would like to.
Which handbook did you get that from? The whole idea of building, is to pass it on to one's progeny. (And don't get me started on death taxes!).
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Imperial Russia also thought like that.
And look what Ochlocracy brought.
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Let the rate be set by Brussels.
OK, now that's funny!
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Mr. Micawber come to mind.
Funny you and I agree on something, Inheritance tax should be the first 1,000,000 in cash should be tax free, every 1,000,000 after at 15% tax.
All Property & land would be exempt, this would include farms and houses.
Inheritance tax should exactly 0% , since the govt already taxed that money when it was originally generated. WTF is up with taxing the same revenue twice?!
Except that Apple manufactures nothing in China - they hire other companies to manufacture their stuff in China. Those companies (Foxconn etc.) pay taxes in China. The money Apple makes from having their products manufactured in China doesn't stay in China - it goes straight to the US. And that's why taxes are due in the US.
Which handbook did you get that from? The whole idea of building, is to pass it on to one's progeny. (And don't get me started on death taxes!).
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And look what Ochlocracy brought.
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OK, now that's funny!
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Mr. Micawber come to mind.
But for the russian peasant it really did matter, because of the hopelessness of the situation, the if I can't have no one will attitude prevailed.
The UK is just Boom and Bust.
I mean this is a country that couldn't even stay in the ERM.
According to who?
What, unprecedented global prosperity?
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Same applies to all taxes...
We don't have inheritance tax here in Switzerland (at least not in all states). But the state taxes us for living in our own houses. I'm not kidding - they calculate how much rent we'd have to pay for the home we own and live in and add that full amount to our income. On average, people have their taxable income increased by around 15'000 to 20'000 dollars per year because they own a freaking house and live in it. Of course, property tax etc. is added to that afterwards.
So please don't complain about inheritance tax - that's peanuts compared to Switzerland's mind-boggingly stupid tax laws. That's what you get when you live in a direct democracy where 70% of the population doesn't own their own home - the renting population envies the home-owners and thus seizes every opportunity to screw them because of that.
But for the russian peasant it really did matter, because of the hopelessness of the situation, the if I can't have no one will attitude prevailed.
The unions still have that attitude.
If it's true, so what?
If the rich have a problem with that then they should pay some more taxes to the poor.
Although you are technically correct, I think that unearned income/large gifts should be subject to a one-off charge - if reasonable.