Soldato
- Joined
- 14 Dec 2005
- Posts
- 12,488
- Location
- Bath
Bloke on Sky News about 18:30 last night was talking sense on this TBH, forget who he was though. General gist of what he was saying was to make a 30% flat tax rate (rich, well everyone, will see it as fair so not resent paying & UK will look attractive), close all these stupid loopholes so that everyone gets and pays their 30%, and save money by sacking half of HMRC as now it's a flat tax their job is dead easy.
Government gets more money in as the rich actually pay their tax. Rich don't resent paying their tax as a flat percentage is fair. UK looks attractive so rich/investors don't need to bother doing the whole Monaco/Luxembourg thing. Government saves money as HMRC is way more efficient.
But we need to punish the successful and the achievers or how can those who don't put any effort into life get any joy?!?!?!?!
stockhausen

30% of Carr's £3.5m salary is £1,050,000... that's still rather a lot more tax to pay than 30% of someone on £30k (£9,000).