Author Topic: Budget tomorrow  (Read 8483 times)

Offline VR6_Wherry

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Re: Budget tomorrow
« Reply #10 on: 21 March 2012, 09:50 »
I'm interested in the decision on Jersey.

You and me both!

Offline Kerrse

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Re: Budget tomorrow
« Reply #11 on: 21 March 2012, 09:54 »
We will be right royaly bent over by the budget as per usual  :cry: they will pretend to cut tax while actually putting it up even more somewhere else. Until we have revolution we are stuck with this system for ever  :sick:

Offline The Mighty Elvi

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Re: Budget tomorrow
« Reply #12 on: 21 March 2012, 10:36 »
tax cut if you earn over 150k?  :huh: surely they should be tax hike?


Cant fault it Jay, reduce their Tax, and they'll spend more, invest more, and be encouraged to make even more money in business... bringing down unemployment hopefully
Tax them more, and they'll not bother!

Thom

Yup.  I seem to recall that every major study into tax and economics finds that a low tax economy brings in a higher rate of total tax than a high rate.

iirc its about a rate of 26 %.




Offline R32UK

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Re: Budget tomorrow
« Reply #13 on: 21 March 2012, 10:50 »
tax cut if you earn over 150k?  :huh: surely they should be tax hike?


Cant fault it Jay, reduce their Tax, and they'll spend more, invest more, and be encouraged to make even more money in business... bringing down unemployment hopefully
Tax them more, and they'll not bother!

Thom

Have to agree... (to a certain extent) why should you pay more towards those that do less. If tha tax  system was reversed so that you pay less tax the more you earn, it may just change the way people approach work.

This isn't the case really. Just because someone earns less than the next person, it doesn't mean they don't work as hard.
The system needs to encourage investment, but also be fair.

I say work smarter not harder...  :smiley:

Offline AudiA8Quattro

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Re: Budget tomorrow
« Reply #14 on: 21 March 2012, 11:11 »
tax cut if you earn over 150k?  :huh: surely they should be tax hike?


Cant fault it Jay, reduce their Tax, and they'll spend more, invest more, and be encouraged to make even more money in business... bringing down unemployment hopefully
Tax them more, and they'll not bother!

Thom

Yup.  I seem to recall that every major study into tax and economics finds that a low tax economy brings in a higher rate of total tax than a high rate.

iirc its about a rate of 26 %.





Probably not the case if tax avoidance was stopped  :lipsrsealed:
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Offline archie837

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Offline The Mighty Elvi

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Re: Budget tomorrow
« Reply #16 on: 21 March 2012, 11:30 »
You can't "stop" tax avoidance because its not illegal.




Offline Kerrse

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Re: Budget tomorrow
« Reply #17 on: 21 March 2012, 11:36 »
You can't "stop" tax avoidance because its not illegal.


The point being it should be illegal  :cool: stop expecting the man street to keep paying more when a lot of the rich are avoiding every little bit they can.


Offline AudiA8Quattro

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Re: Budget tomorrow
« Reply #18 on: 21 March 2012, 12:03 »
You can't "stop" tax avoidance because its not illegal.





This only gets talked about election time  :grin:
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Offline archie837

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Re: Budget tomorrow
« Reply #19 on: 21 March 2012, 12:08 »
Nope. Without going into too much detail our business will be exploring routes of holding stock in Europe, which then essentially benefits us due to the limit being back to the full 22 euros (£18).

This won't benefit the "man on the street". It's been proven high street prices are too high, so by pulling the channel islands in line with the uk it will just kill off a lot of consumer spending.

Not to mention also now the inevitable job losses in Jersey now due to major players bailing out.

This action won't have benefitted anybody and I highly doubt the minimal extra raised from the newfound tax money will make a dent anywhere.

They'd be better off going back to old car tax rules and charging these Eco cars which don't pay anything road tax. They use the roads FFS.
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