Which countrys are these then,i bet you though they get a higher pay or better public services,better standard of living than this rip off country.
What taxes do we have that other countries don't?
- Thread starter BennyC
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Which countrys are these then,i bet you though they get a higher pay or better public services,better standard of living than this rip off country.
The Isle of Man is a low-tax economy with no capital gains tax, wealth tax, stamp duty, or inheritance tax and a top rate of income tax of 20%. A tax cap is in force; the maximum amount of tax payable by an individual is £100,000 or £200,000 for couples if they choose to have their incomes jointly assessed. The £100,000 tax cap equates to an assessable income of approximately £570,000. Personal income is assessed and taxed on a total worldwide income basis rather than a remittance basis. This means that all income earned throughout the world is assessable for Manx tax rather than only income earned in or brought into the Island.
Is this some sort of wiki pasting competition?
Question : What taxes do we have that other countries don't?
Answer : The Isle of Man is a low-tax economy with no capital gains tax, wealth tax, stamp duty, or inheritance tax .
You have talked about having dinner....
You don't pay road tax either. It was abolished in 1936.
ok lol pedantic much, i meant vehicle excise duty aka road tax
The Dinner comment was relevant to the discussion, as was commenting on the Isle of Man. It would have added more value commenting on actual experience rather than copying and pasting from a resource we all have access to.
My housemate is from Guernsey and I was surprised to find out that they don't pay council tax over there.
Edit: I mean they don't have it at all, not that people just don't pay it.
isn't it road tax? Or something like that as well
Can't remember what one of my old colleagues was saying
VED just gets stuck into the government coffers anyway, it doesn't directly affect the condition of the roads.
It was decided by the Office of National Statistics that it is a tax, as it shares most qualities of a standard tax.
It's also a myth that most countries don't have a TV license. Wiki link.
In terms of what taxes we have that other countries don't have... I'm not sure off the top of my head. There's individual countries that miss out on certain ones, but they're in the minority and are generally regarded as tax havens - places like Monaco, Liechtenstein, Switzerland... Even then it's more usual that their laws are such that you can get a gain or income to fall between two stools, by having it arise in a country where it isn't taxed, where it would be if it were to arise in the UK. Even then you're stuck with living in a country you don't want to be in purely to save tax, or you live in the UK and don't bring your foreign income in.
I'd actually rather live in a country with higher taxes, if I knew they were going to be spent properly. Our tax rates aren't that high, it's just that the money is peed up the wall by just about every government department going.
One tax that we actually get away with not having is wealth taxes. Quite a few countries have annual taxes on your net worth or your invested cash. We don't.
I find it funny that we complain about our roads, yet they are one of the best in the world.
http://www.cbrd.co.uk/international/
http://www.cbrd.co.uk/international/
Caporegime
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i know.
its funny people complain after stepping out of virtually free education that has lasted them from the age of 5 to the age of 20 or so?!
these things are all paid for by tax. as was the NHS, as is the militaries involvement in the middle east.
we get taxed heavily, we get lots of 'free' services. someone has to pay. we give everyone a great chance in life by giving a free education. some poeple grasp it with both hands. some people act oblivious to it. but ultimately these things have to be paid for somehow. and yes the cost gets clawed back when you reap the rewards of your education and get a job.
its funny people complain after stepping out of virtually free education that has lasted them from the age of 5 to the age of 20 or so?!
these things are all paid for by tax. as was the NHS, as is the militaries involvement in the middle east.
we get taxed heavily, we get lots of 'free' services. someone has to pay. we give everyone a great chance in life by giving a free education. some poeple grasp it with both hands. some people act oblivious to it. but ultimately these things have to be paid for somehow. and yes the cost gets clawed back when you reap the rewards of your education and get a job.