I don't pay corporation tax, there is no benefit to me it makes it harder to make any profit. I cannot claim VAT back as food has no VAT on it when I buy it and it dies have VAT when I sell it as do hotel rooms. It of course has a bearing on my personal tax burden as I pay **** loads of tax wether it is through a company or not I still pay it.

 

Once again you are putting so much emphasis on your situation. The majority of people I know are employed, not employers.

It doesn't matter if you personally pay 99.999999% tax, in whatever form, the average burden is between 37-42%.

Geezer

 

tsss... like I was supposed to read all 6 pages ?

 

This is ridiculous.

It is impossible to debate with you on this when you seemingly don't understnad the fundamentals

Do you think the fact that we high record levels of employment might have an impact on total tax revenue?

The country was not in surplus in 1998 , Borrowing was at just under £39billion.

Thats is, the difference between tax revenue, and what was being paid out on running the country.

Every single country in the World that has enviable public services has a higher tax burden than the UK. Are you telling me that is co-incidence?



THis is the sort of thing I mean.
Of course there is a benefit in corporation tax.

Small companies corporation tax is 20% - Assuming your profit is less than £300,000

Assuming your profit is enough to take you into the higher tax band, why on earth would you pay as a PAYE employee at 40% when your effective tax rate if you earnt over £32,500 under a dividend would be 22.5%

As for VAT, are you telling me you have no other expenditure whatsoever? No travel? No fuel? No business premises?


You are obviously dead set against Labour. Thats' fine, each to your own, but for god's sake man, have genuine reasons for disliking them instead of made up ones.

 

Well seeing as corporation tax is substantially lower as a percentage than personal tax I somewhat doubt it's going to push the burden percentage up.

 

And you will not hear a word against them. so i think you will both have to agree to disagree.

It happens, this place would be dull if we all agreed.

 

Course I will - Just not made up words

 

Pete I warned you about sullying this site with facts

You see guys the whole Labour = Bad, Tories = Good, is a bit short sighted, things just aint that clear cut.

 

these sources seem to disagree with you. Where did you get the figure of 39 billion from.



BBC News | Business | Record debt repayment




The above statement is not even close to being true. Been to Switzeralnd ever.





I wont go into this ut anyone who pays 40% tax needs a new FA. THere are areas you can invest 100% of your 40% tax.

No but the amount claimed back is tiny compared to the amount paid.


I do have genuine reasons but your blinkered Labour is great view seems to stop you from seeing the errors they have made. With regard to wasting money
The Treasurys own reports say there is up to 35% ineficiency in the public sector.
Answer me this pete, most indicators point to productivity falling in the public sector every year since labour came to power is that a good thing. ?

 

Firstly the BBC link is for debt repayment, not borrowing. The two are different things.

Where did you get the graph from?? tutor2.net? Whats that? what is it showing? Its useless without context to accompianing report.



The graph I posted earlier shows clearly the levels of government borrowing - it can't be any clearer.




Look at net debt.

Many times. Trnasport and hospitals are fantastic, the streets are clean, crime is non-existant.

There is a direct correlation between public services and the higher tax burden. It;s clear - look at the burden for France etc. I don't see how you can even argue the point. It;s in black and white.



Right, so for all your moaning about being taxed to the hilt, it turns out that you are hardly paying any.


What do you mean? You can claim back 100% of you VAT for business use.




Show me. Productivity by what? Per person? Per pound? It's meanign less without context.

We know that waiting times in the NHS have reduced. We know that crime has reduced, we know that results have gotten better in terms of A-levels and GCSE's, we know there ar emor epolice than in 1997, we know there are more nurses.

Like I have said on countless occaisons. I do not doubt that the money needs to spend more effectively in areas, but the money still need to be spent.



So far you have claimed that we pay £60billion to the EU every year. That we are a high tax economy, , that the country had no debt whatsoever in1998, and that the quality of public services isn't linked to the about of spend.

I don't see the point in continuing the debate until you conceed you were incorrect on every single one of these points.

 

Your graph has "net debt as a percentage of GDP" so without the GDP figures is also useless. 39% <> £39billion

Practice what you preach.

 

Well it will effect demand when I come to sell my car = a reduction in the price that I can sell it for. If dentists can seek compensation when/if the Govt change something they why can't the general public?

TX.

 

Read the title it shows net borrowing for each year.



No it does not it shows net debt something completely different. The level of borrowing impacts the level of net debt but the two are completely different I cannot believe that you do not understand this. The level of Debt and the level of borrowing are different things. The graph you posted helps to prove my point more than disprove it though its relevance is limited to this discussion.




Why ? Other than showing that net debt reduced as a percentage of GDP it does not show borrowing.



And they pay less tax than us which disproves your theory. Don't believe me check for your self.


You cannot seem to grasp what a budget surplus is, how it can be used to reduce national debt or any basic ideas that might indicate that NU Labia is anything other tahn perfect.




Yes but 100% of next to bugger all is still bugger all. YOU don't have any real experience of business do you.






Productivity based on results acheived per pound. Reports show the Public sector 35% less efficient than the private sector. I will post the links up soon.





The EU does cost us 60 billion although we do do not directly pay 60 billion it still represents the cost to UK of being in europe.
We are a high tax economy 15k per worker is one of if not the highest tax amounts in the world can you find one higher. ?
I never claimed we had no debt i said we had a surplus that is not the same as not having any national debt.
Public service can imporve if you spend more but spening 10 billion for a marginal increase in services is idiotic. Spending money we don't have during a resescion is also idiotic.