The Burnham Years - Can the new(ish) broom sweep clean?

[badgerx16]

3 minutes ago, Farmer Saint said:

You are clearly way out of your depth here.

If I were you I'd go away, do some actual research, and come back with a better formed argument so we can debate this properly.

You're embarrassing yourself.

But, but, Soshul Mejia says.....

[Osvaldorama]

1 minute ago, badgerx16 said:

Do you include the threat from the UAE to withdraw investment if Man City are punished for their multiple wrongdoings ?

Are you really trying to equate punishing fraud with a punishingly high tax regime?

[Farmer Saint]

1 minute ago, Osvaldorama said:

LOL. Man who thinks billionaires “don’t pay any taxes” trying to pretend he has won a debate. 
 

Not a serious person at all. 

You carry on buddy - everybody is sat back, reading your posts, grimacing.

[whelk]

14 minutes ago, Farmer Saint said:

The issue is the example he gave had people who's businesses were overseas, so it could only be income that they were taxed on.

I’m pretty sure Ineos are soon to close the Grangemouth plant and relocate it to Monaco. Subject to planning permission 

[Osvaldorama]

2 minutes ago, Farmer Saint said:

You carry on buddy - everybody is sat back, reading your posts, grimacing.

Sure, pal. 
 

Tell me - if £100bns in capital and billions in tax revenues are upping sticks, how will the goverment continue to fund their relentless expansion of the welfare state? 
 

You obviously don’t see it as an issue at all, so how do you intend to fill the void?

 

[Farmer Saint]

4 minutes ago, Osvaldorama said:

Sure, pal. 
 

Tell me - if £100bns in capital and billions in tax revenues are upping sticks, how will the goverment continue to fund their relentless expansion of the welfare state? 
 

You obviously don’t see it as an issue at all, so how do you intend to fill the void?

 

Again, where is the billions in tax revenue? I've asked but you've given nothing apart from something about non-doms (and that's for non-dom tax which was introduced by Labour) - and not all of them are billionaires (very few looking at the average tax bill).

For this to be a loss, you have to compare pre-non-dom tax to what is lost when they leave, so nothing to nothing.

Edited 2 hours ago by Farmer Saint

[badgerx16]

9 minutes ago, Osvaldorama said:

Are you really trying to equate punishing fraud with a punishingly high tax regime?

No, just pointing out how matters ocurring in this country are potentially impacting negatively a large foreign investment.

Whether it be the Man City situation, or some other political decision, should this country be effectively blackmailed by foreigners ?

[Osvaldorama]

5 minutes ago, Farmer Saint said:

Again, where is the billions in tax revenue? I've asked but you've given nothing apart from something about non-doms (and that's for non-dom tax which was introduced by Labour) - and not all of them are billionaires (very few looking at the average tax bill).

For this to be a loss, you have to compare pre-non-dom tax to what is lost when they leave, so nothing to nothing.

Estimated losses:

£1.5-2.5billion per year in direct losses. Low estimate. 
£1-2bn in CGT

SDLT losses: £400-500mil

VAT: £300-600mil
 

Just from these departures, not even factoring in the exponential curve of wealthy people leaving as the country declines  

 

I ask again, how, in your fantasy land where wealth doesn’t matter, do you intend to fill this void? 

 

[Farmer Saint]

Just now, Osvaldorama said:

Estimated losses:

£1.5-2.5billion per year in direct losses. Low estimate. 
£1-2bn in CGT

SDLT losses: £400-500mil

VAT: £300-600mil
 

Just from these departures, not even factoring in the exponential curve of wealthy people leaving as the country declines  

 

I ask again, how, in your fantasy land where wealth doesn’t matter, do you intend to fill this void? 

 

What were those tax receipts prior to the non-dom tax rules though?

[tdmickey3]

8 minutes ago, Farmer Saint said:

Again, where is the billions in tax revenue? I've asked but you've given nothing apart from something about non-doms (and that's for non-dom tax which was introduced by Labour) - and not all of them are billionaires (very few looking at the average tax bill).

For this to be a loss, you have to compare pre-non-dom tax to what is lost when they leave, so nothing to nothing.

Fair play for trying, but its difficult to explain things to a rock

[Osvaldorama]

4 minutes ago, Farmer Saint said:

What were those tax receipts prior to the non-dom tax rules though?

Stop moving the goalposts and answer. 
 

£2.5-£4.5billion annually is now being lost, because of the changes.

Historical churn has risen from 4% on average, to 12-16% this year  

How does the void get filled? 

Edited 2 hours ago by Osvaldorama

[Osvaldorama]

4 minutes ago, tdmickey3 said:

Fair play for trying, but its difficult to explain things to a rock

He’s not going to shag you mate 

[tdmickey3]

16 minutes ago, Osvaldorama said:

He’s not going to shag you mate 

I think someone has shagged your head

[Farmer Saint]

26 minutes ago, Osvaldorama said:

Stop moving the goalposts and answer. 
 

£2.5-£4.5billion annually is now being lost, because of the changes.

Historical churn has risen from 4% on average, to 12-16% this year  

How does the void get filled? 

Hang on, so you're saying we're missing tax revenue from taxation imposed by the Labour government, because of the same taxation imposed by the Labour government.

That is awesome, well done you 😂

Perhaps we could impose a wealth tax to fill the gap? Or increase the higher rate of tax back to 50%? Or re-join the EU? Or charge those that leave a "leaving tax" of 20% of their wealth?

Your argument was originally about billionaires, and now it's about non-doms, so what are you actually arguing here? Why are you constantly changing your argument?

Edited 2 hours ago by Farmer Saint