Quote:
Originally Posted by mattylondon
LOL, you seriously think the UK tax system is greedy? The UK enjoys among the lowest personal tax rates of advanced countries, and high earners on £100k+ see less of their income taken in tax than almost anywhere else in Europe. Corporation tax is 19%, with the EU28 average at 22.5% and notably France 33% and Germany 29%. With comparability low tax people and corporations still feel the need to hide it offshore. Are you advocating we should become the tax haven Miss May suggests and threatens the EU with after we leave? Even after the Paradise Papers leaks our government is still trying to water down anti-tax haven measures...
http://www.independent.co.uk/news/uk...-a8043881.html
So our Government is cutting services left right and centre, while they can not be bothered to collect the tax on money hidden in offshore havens by closing these loophole. You have to ask yourself who the Government is serving. |
I don't think it, I know it. I remember super tax, selective employment tax and many other ultimately counter productive government grabs at peoples money.
It is easy to say this or that tax loophole should be blocked, but history tells us it is not that simple. Block one hole and another opens. It is worth remembering that people using these schemes to avoid tax are often not breaking the law.
If becoming a tax haven can achieve something like the standard of living the Swiss enjoy, then do it. I happen to like prosperity