Election 2024

[Gessa]

See above

No need

 

[Big Ern]

You used to be able to pay the tax on the amount wagered or on any profit made.
By paying it on the stake automatically stopped it being paid on any winnings.
They stopped it when Internet betting came in, as places such as Hong Kong charged no tax, so the industry in this country was in a big decline.

As I said, it's been a long time. I lost everything gambling when I was young, luckily I learned the lesson and haven't had a bet since.

 

[Gessa]

As I said, it's been a long time. I lost everything gambling when I was young, luckily I learned the lesson and haven't had a bet since.

You'd often see blokes lose their weeks wages at cards on a Friday afternoon/evening, then have to go home and tell the Mrs, watching that taught me not to go down that road.

 

[Star of David Bardsley]

Listened to a podcast with Steve Claridge the other day. He lost £76k at 2pm on a Saturday when he had a game at 3.

Didn’t tell the wife he’d sold their house for £260k to put on an ante-post horse at 8/13. The horse was reported to be bleeding from the nose the morning of the race but eventually won him £160k.

 

[FosseFilberto]

As I said, it's been a long time. I lost everything gambling when I was young, luckily I learned the lesson and haven't had a bet since.

Did a contract at William Hill back in summer of 2018 - Head Office off Tottenham Court Rd - quite eye opening - World Cup was on and the reception area has a floor to ceiling TV covering one wall - only place I've worked where staff are required to watch the numerous TVs ... the footie, Royal Ascot and Wimbledon all at once ..

 

[Welshie]

I agree about simplifying the tax system, and a robust income tax system would see everybody pay accordingly. I would just add though that for corporations who base their HQ in offshore tax havens, there needs to be a system where income made in the UK is applied to them at our rates, not an overall tax that they can pay at a massively reduced rate elsewhere.

I also think that if you're seeking to generate taxation through special measures, like a wealth tax, then that needs to be ringfenced from the off. So the Govt could say we are putting a 2% tax on assets over £10m and it will generate £50bn which we are going to spend on building hospitals. That sort of thing would be very popular with the electorate and would just be a very good way of spending that sort of bonus tax revenue.

I didn't know that betting earnings aren't taxed as income, does that go for individual punters winnings as well as the profits for betting companies ? Would seem like an obvious loophole to close.

If companies base themselves in other countries to avoid tax, you could simply apply a higher rate of VAT on their services. So for example Google.

Right now even that that is exempt, so you can base yourself in Ireland and not even be taxed for your services in the UK. They make money hand over fist and the country makes nothing from it.

 

[Big Ern]

If companies base themselves in other countries to avoid tax, you could simply apply a higher rate of VAT on their services. So for example Google.

Right now even that that is exempt, so you can base yourself in Ireland and not even be taxed for your services in the UK. They make money hand over fist and the country makes nothing from it.

Which is why all those big money brexiteers immediately moved their business to Ireland.

 

[Bodinki]

Which is why all those big money brexiteers immediately moved their business to Ireland.

Hasnt Ireland always been sort of a European Tax haven lite though?
Most of the game devs I did business with back in the day keep their European headquarters in Ireland (Blizzard, EA) with Rockstar being the notable exception as they keep theirs in England.

 

[Archers Road]

Which is why all those big money brexiteers immediately moved their business to Ireland.

They did, but if a company does business in the U.K., they can be made to pay tax in the U.K.

It’s just a matter of having the political will to go after them

 

[Welshie]

They did, but if a company does business in the U.K., they can be made to pay tax in the U.K.

It’s just a matter of having the political will to go after them

Exactly this.

Entirely possible if not easy to implement just requires a Chancellor with some bottle.

Reeves ain't got it.

 

[Welshie]

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[FosseFilberto]

They did, but if a company does business in the U.K., they can be made to pay tax in the U.K.

It’s just a matter of having the political will to go after them

CFC (Controlled Foreign Company) rules ... if a UK business has a CFC overseas - broadly a subsidiary in a jurisdiction with a significantly lower tax rate than the UK mainstream - then the profits of the CFC can be attributed back to the UK parent annually...

 

[FosseFilberto]

Exactly this.

Entirely possible if not easy to implement just requires a Chancellor with some bottle.

Reeves ain't got it.

Wheels are already in motion BEPS / OECD pillars 1 and 2 ... partly why Trump has gone for tariffs as a counter ... under these proposals US giants like Amazon, Google etc would be forced into minimum tax contributions in countries in which they do significant business ...

 

[Chief]

Wid ... together

 

[Peej]

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I have posted in this previously, the tories were going to cut more than double the amount from the welfare budget.

I have spoken to people at work who get support due to disability(2 out of over 100 in the office) They want to vote for anyone but Labour now, one even thinking Reform has the answer.

there are about 800,000 vacancies in the job market. Would be nice if Labour can get those abusing the system into work and ensure those who need it most are given the support.

and tax the rich.

 

[brb]

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I have posted in this previously, the tories were going to cut more than double the amount from the welfare budget.

I have spoken to people at work who get support due to disability(2 out of over 100 in the office) They want to vote for anyone but Labour now, one even thinking Reform has the answer.

there are about 800,000 vacancies in the job market. Would be nice if Labour can get those abusing the system into work and ensure those who need it most are given the support.

and tax the rich.

I don't think it matters if it's the Tories or Labour, a cut is a cut to your benefit, and I've certainly not seen anyone on this entire site suggest Tories would do a better job. Even GC, although some mock Labour, I don't see them supporting the Tories either, maybe they do support Reform, but that wasn't the crux of your comment.

It's like you are looking for excuses for Labour, then making a generalisation about some people on benefits, without giving anything substantive to back it up. What are these 800,000 jobs and why is no one doing them, and are they able to be done by people moved off benefits. I've said on here before, able bodied people, move them out of the office and in to the fields and visa versa, this is how dumb this argument could get.

I've not forgotten it was the Tories that set up UC, so they have some ****ing cheek to say they would have cut it by xxx amount, and Labour also have a ****ing cheek, because they use to moan the benefit payments weren't enough, make up your minds ffs.

Even the Tory man that set up UC, Ian Duncan Smith suggested at one time UC should be increased by £20 per week (after covid days). So they all talk **** when it suits them.

I don't know a single person scrounging off the state, but I have heard it's mostly up North, so there's my generalisation, afterall it's good to be a critic when it don't affect you and I'm not surprised you are one of them lining up to kick the less well off. The only abuse of the system is by the political parties who have been creaming off it for decades.

Divide and conquer.

 

[Sucky]

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[brb]

We don't seem to hear much about foodbanks, now the Tories are not in power...

https://www.bigissue.com/news/social-justice/food-banks-dispose-supermarkets-food-waste/

Food banks are throwing out donations from supermarkets and retailers, often because it is “expired” or “nutritionally inadequate”, new research has revealed.

Environmental experts at charity Feedback Global found that 91% of food aid workers have had to throw out donated food, mostly because it is “damaged” or “inedible”.

https://www.fruitnet.com/fresh-prod...dispose-of-retailer-food-waste/265807.article

A damning new report by environmental group Feedback Global claims supermarkets are dumping their rotting produce on food banks in the name of charity.

https://news.sky.com/story/extra-50...e-changes-says-government-assessment-13336097

An additional 50,000 children could be pushed into poverty as a result of welfare cuts, according to the government's own impact assessment.

 

[Peej]

I don't think it matters if it's the Tories or Labour, a cut is a cut to your benefit, and I've certainly not seen anyone on this entire site suggest Tories would do a better job. Even GC, although some mock Labour, I don't see them supporting the Tories either, maybe they do support Reform, but that wasn't the crux of your comment.

It's like you are looking for excuses for Labour, then making a generalisation about some people on benefits, without giving anything substantive to back it up. What are these 800,000 jobs and why is no one doing them, and are they able to be done by people moved off benefits. I've said on here before, able bodied people, move them out of the office and in to the fields and visa versa, this is how dumb this argument could get.

I've not forgotten it was the Tories that set up UC, so they have some ****ing cheek to say they would have cut it by xxx amount, and Labour also have a ****ing cheek, because they use to moan the benefit payments weren't enough, make up your minds ffs.

Even the Tory man that set up UC, Ian Duncan Smith suggested at one time UC should be increased by £20 per week (after covid days). So they all talk **** when it suits them.

I don't know a single person scrounging off the state, but I have heard it's mostly up North, so there's my generalisation, afterall it's good to be a critic when it don't affect you and I'm not surprised you are one of them lining up to kick the less well off. The only abuse of the system is by the political parties who have been creaming off it for decades.

Divide and conquer.

You have some fair points, but I’m a big fan of the welfare state. It’s setup to help those who need it, I want to make sure those most vulnerable get help. Don’t want to kick anyone when they are down.

I have no issue with the change in tax rates either that have taken more of my earnings/bonus at 40%.

just looking at ways those who use the system when they don’t need it can be got back to work. And if we had a decent living wage, then top up benefits would t be needed….but we have had governments who let companies/corporations get away with this.

 

[Milk..]

A damning new report by environmental group Feedback Global claims supermarkets are dumping their rotting produce on food banks in the name of charity.

Supermarkets love that... get to claim they're socially conscious, and get a tax write-off on what otherwise they would have had to throw in the trash.

Food banks are throwing out donations from supermarkets and retailers, often because it is “expired” or “nutritionally inadequate”, new research has revealed.

Although in regards to expired. If it is meat- that's disgusting. If it's a pack of crisps, expired could mean slightly-stale and some people might appreciate that over nothing at all. I hope and suspect food banks use common sense in this case.