I'm all for it as a replacement to council tax.
Plenty of potential economic benefits. Incentivises development of land instead of sitting on it doing nothing for a start.
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Plenty of potential economic benefits. Incentivises development of land instead of sitting on it doing nothing for a start.
I think it’s laws that can be tweaked, which has happened actually apparently over the last few Govts
The question is how far you take it including tax and closing avoidance options
Absolutely
Tax laws should protect and encourage your type of business.
Chances are they didn’t do that as well as they could have done
100%
No one should work 40 hours a week and need benefits for a living wage.
If they do, all that is happening is that tax payers are chipping in to enable businesses to pay dividends to shareholders.
It’s abhorrent
All quiet on the David Sullivan story which was supposed to break today.
The Beeb are usually have a "taster" on the web page of the story they are running on Panorama that night.
Super Injunction?
The Beeb are usually have a "taster" on the web page of the story they are running on Panorama that night.
Super Injunction?
Agreed. The taxpayer should not be subsidising private business.
But we do. To vast levels and particularly to big businesses that pay minimum wage to large numbers of staff
I agree with this and we've had this discussion before.I worked for William Grants Whisky(agency fork lift driver but left 2 years ago).I was well paid but on the production side there were some on the bottling lines on minimum wage,this for Scotland's 2nd richest man(bloke called Glenn Gordon,worth approx £6 billion).Some of the lasses were claiming Working Tax Credits and this bloke was coining it in...Just wrong!!!!
Here's another curious one that might interest some as well.
My 2nd eldest daughter(40 years old) is a single parent with a 7 year old daughter(long story but her partner was a complete and utter waster who spent his time and his money in the pub).Obviously because of the little one she can't commit to full time work(although my wife and I can,and do, help her out so she can work).
She claims this working tax credit and gets help with rent etc,works as a G.P receptionist,minimum wage.They are struggling to fill vacant positions,wonder why? and as such they've been asking existing staff to do overtime.She's agreed to do 2 hrs per day extra to help out but here's the thing.Because her credits are worked out on her earnings she gets money took off if she earns more.
Last week she did 10 hrs more and was better off by £15 nett? There's no wonder some single parents restrict their working hrs deliberately in order to refrain from flogging themselves to death with no incentive.I've told her I personally wouldn't do it but she's an obliging lass and I can't knock her for that...
The situation you describe should certainly get resolved.
I’m not aware enough to know what the answer is tbh, although I guess if minimum wage was raised so people on it didn’t need to claim benefits as well that might help.
Lots of other knock on affects of that too though
That's similar to when we had our kids years ago.
Missus wanted to return to work part time and was basically getting £15 a week more than if she stayed at home, after travelling to work she was probably £5 better off.
Hardly an incentive.
Yeah and we should stop. Tesla received hundreds of millions of dollars in subsidies from the US taxpayer. It’s outrageous. You have football club owners asking the UK government to subsidise the construction of stadiums. You have the taxpayer topping up people’s wages because their employer doesn’t pay them a living wage.
The only subsidies I can justify are modest grants for small businesses.
There's a reason the birth rate is plummeting in so many places. People just can't afford it.
On a similar note, I used to live near a bloke who was very minted because of family money. As well as income from various City directorships he got £250K a year from a family trust fund. He put up the rent in one of his cottages and when the woman who lived there asked for proof of increased rent for her housing benefit he refused to give her anything in writing because he didn't want the Revenue finding out about his rental income.
All car companies receive subsidies from governments, not just Tesla. Without subsidies, most cars would cost beyond the reach of 'normal' folk, which actually could end up being a good thing...
Not sure about land tax, one acre of land may only be good for keeping a few sheep on while another acre could house a factory producing widgets and generate an income of millions.
Seems to be a lot of jobs especially in supermarkets for upto 20hrs a week, apparently the worker will still be able to claim benefits and the company doesn't have to provide holiday, sick pay and other full time worker costs.
Seems to be a lot of jobs especially in supermarkets for upto 20hrs a week, apparently the worker will still be able to claim benefits and the company doesn't have to provide holiday, sick pay and other full time worker costs.
Also nature conservation and wildlife reserves would be hit by a land tax, these sites basically have no income to start with so how would they supposedly pay any tax ?
There wouldn’t be any need to write laws that didn’t work.
Things like that can easily get resolved.
Where there’s a will and all that
There would be exemptions, reliefs and discounts.
What, why and how is a policy choice.
They received Billions in Green credits .
This was how they where declaring profits when there really wasn't a profit being made .
A lot of their profit is via these credits