Kendall's Dream
Player Valuation: £10m
Very true. I'm obviously biased but May hasn't impressed me at all, she's hiding away from the public and only getting asked pre-planned questions from 'journalists'
Current Affairs The Labour Party
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In fairness they did, and I believe HMRC still do. Problem is allegedly there are always loopholes left by them for their clients to use.
ashwuk76
Player Valuation: £35m
It's the staff cuts and them not focussing on the areas as much. My union deals with them and I know people who work there.
When I ring up with queries or ask for simple client tasks to be done I either get transferred round the world, or quite often can hear them in the background asking all round the office for help lol
Depends who you get if it's the general helplines. The agent line are good generally speaking.
Same with inspectors, some are great and you can strike up a rapport with by not being deliberately obtuse or obstructive.
ashwuk76
Player Valuation: £35m
Exactly staff cuts and redundancies that's why
It isn't really. It's a lack of training within the area that they are meant to be dealing with.
This is not their fault, and I find that they try to be as helpful as possible.
ashwuk76
Player Valuation: £35m
They do try but training in the civil service is diabolical! I should know been a civil servant for 14 years!
With HMRC, my belief is that the demise of the local office is the root cause. You could arrange to see someone who specialised in that area - OK you may have to wait a while to get an appointment, but the problem was held in abeyance.
Must admit, prefer dealing with IoM tax office, but as the place is tiny it couldn't work in the UK. HMRC would have to employ about 200k!
It also doesn't help that the Office of Tax Simplification hasn't really been able to simplify things - spoke to it's head about 2 years ago and he reckoned that for every simplification measure, 5 more complexities were enacted.
The binman chronicles
Player Valuation: £80m
Exactly, things are looking a lot better than a week ago. Whatever happens they have to give a united front and going forward at least we have some hope.
zzr45
#MURDERINGSCUM
6. Public file on those individuals earning more than 1m.
That seems like a bit of a violation of rights and 'guilty until proven innocent.'
If the inverse was done and families on benefits were having to release a public budget heads would be dropping off.
orly
Please check with me for Blammo criteria
Agreed, that one needs to be phrased a bit clearer. It can't be just a directory/ register of people earning £1m a year, that would be dreadful
I don't quite get that one tbh. Seems a bit vindictive and pure jealousy. Anything that potentially will lower receipts from the very highest earners is totally counter productive.
Simple fact of the matter is hmrc is incapable of targeting tax avoiders and incapable of legislating to amend loopholes, because the standard of their training isn't close to what professional tax advisors working in industry have.
Labour's National Investment Bank.
National investment banks: a radical proposal? | openDemocracy
An interesting article.
A bit from it;
"Financial engineering
Let’s start with what public promotional banks actually are. Basically they’re a clever bit of financial engineering. They are owned by the state and borrow money just like the treasury does, but they are regarded as “off balance sheet” so the borrowing doesn’t show up in normal public borrowing figures. Their debt is counted as a “contingent liability” for the state, however – the explicit or implicit state guarantee means the state could be forced to cough up if the promotional bank goes bust. But this is usually regarded as an exceedingly low risk for the state because a promotional bank’s liabilities are matched by assets – all the outstanding loans for infrastructure projects, etc. – that are usually seen as pretty safe.
Basically, by having an off balance sheet promotional bank to focus on capital expenditure projects, you can have lower public borrowing figures yet still mobilise a lot of cheap finance. This is a good thing. But judging by the experience of other promotional banks, we should also be realistic about what a national investment bank could achieve; we need to be constructively critical".
Sounds like how our stadium will be financed.
Labour's transaction tax.
"Meanwhile, Labour plans to bring in a “Robin Hood tax” on financial transactions if it wins the general election, in a move to raise billions more for public services.
The party believes the measure will generate an extra £4.7bn a year to pay for a huge increase in state spending, bringing an unequivocal end to the government’s austerity measures.
It also announced that it will undertake the biggest crackdown on tax avoidance “in the country’s history” and force anyone earning more than £1m a year to publish their tax returns.
It marks the next phase of the party’s decision to ask businesses to pay more towards funding the state. John McDonnell, the shadow chancellor, has already announced plans to increase corporation tax from the current rate of 19% to 26% by the end of the decade". Guardian.
National investment banks: a radical proposal? | openDemocracy
An interesting article.
A bit from it;
"Financial engineering
Let’s start with what public promotional banks actually are. Basically they’re a clever bit of financial engineering. They are owned by the state and borrow money just like the treasury does, but they are regarded as “off balance sheet” so the borrowing doesn’t show up in normal public borrowing figures. Their debt is counted as a “contingent liability” for the state, however – the explicit or implicit state guarantee means the state could be forced to cough up if the promotional bank goes bust. But this is usually regarded as an exceedingly low risk for the state because a promotional bank’s liabilities are matched by assets – all the outstanding loans for infrastructure projects, etc. – that are usually seen as pretty safe.
Basically, by having an off balance sheet promotional bank to focus on capital expenditure projects, you can have lower public borrowing figures yet still mobilise a lot of cheap finance. This is a good thing. But judging by the experience of other promotional banks, we should also be realistic about what a national investment bank could achieve; we need to be constructively critical".
Sounds like how our stadium will be financed.
Labour's transaction tax.
"Meanwhile, Labour plans to bring in a “Robin Hood tax” on financial transactions if it wins the general election, in a move to raise billions more for public services.
The party believes the measure will generate an extra £4.7bn a year to pay for a huge increase in state spending, bringing an unequivocal end to the government’s austerity measures.
It also announced that it will undertake the biggest crackdown on tax avoidance “in the country’s history” and force anyone earning more than £1m a year to publish their tax returns.
It marks the next phase of the party’s decision to ask businesses to pay more towards funding the state. John McDonnell, the shadow chancellor, has already announced plans to increase corporation tax from the current rate of 19% to 26% by the end of the decade". Guardian.
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