Results are out! Find what you need...fast. Get quick advice or join the chat
x

Unlock these great extras with your FREE membership

  • One-on-one advice about results day and Clearing
  • Free access to our personal statement wizard
  • Customise TSR to suit how you want to use it

George Osborne's new scheme will lose 3 billion?

Announcements Posted on
Rate your uni — help us build a league table based on real student views 19-08-2015
  1. Offline

    ReputationRep:
    And who thought labour would ruin the country?
    Lowering taxes on the rich and you expect people to pay their taxes now,what an idiot?-the least they could lose is 2.8 billion because most people won't pay back their taxes because of a 5% cut.
    Aren't the Government meant to be making cutbacks that will earn money?
  2. Offline

    ReputationRep:
    Could you provide some source for your figures? Or have you been able to foresee the future tax intake?
  3. Offline

    ReputationRep:
    (Original post by Tommo3)
    Could you provide some source for your figures? Or have you been able to foresee the future tax intake?
    http://www.politics.co.uk/news/2012/...0p-rate-gamble

    The 2.8 million was my estimate.
  4. Offline

    ReputationRep:
    (Original post by Dalek1099)
    http://www.politics.co.uk/news/2012/...0p-rate-gamble

    The 2.8 million was my estimate.
    2.8 million doesn't sound too bad.
  5. Offline

    ReputationRep:
    Poor deluded soul.
  6. Offline

    ReputationRep:
    (Original post by The Hedonist)
    Poor deluded soul.
    I agree that George Osborne is a Poor deluded soul.
  7. Offline

    ReputationRep:
    (Original post by Dalek1099)
    I agree that George Osborne is a Poor deluded soul.
    :pierre:
  8. Offline

    ReputationRep:
    I really don't believe in the concept that the lower the taxes are that the fewer people will take part in tax frauds and the greater the tax revenue will be. I mean what will a 5% difference in taxes make to those who already have money in countries such as Switzerland where one can pay under 10% income tax?...

    If the conservatives and the Lib dems really wanted to cut taxes to a point where hardly anyone would bother taking part in tax fraud/avoidance the overall tax income would be much smaller than if they'd just kept it at 40-50%.
  9. Offline

    ReputationRep:
    (Original post by Heeck)
    I really don't believe in the concept that the lower the taxes are that the fewer people will take part in tax frauds and the greater the tax revenue will be. I mean what will a 5% difference in taxes make to those who already have money in countries such as Switzerland where one can pay under 10% income take?...

    If the conservatives and the Lib dems really wanted to cut taxes to a point where hardly anyone would bother taking part in tax fraud/avoidance the overall tax income would be much smaller than if they'd just kept it at 40-50%.
    finally someone understands the truth and i have estimated a 2.8 billion loss.
  10. Offline

    ReputationRep:
    Maybe they should put a cap on the maximum tax you can pay, like a million a year or something. Then rich people would probably stop trying to avoid it. Surely after a certain point you've paid your own way enough, and the money that you bring in through corporate tax, VAT etc is still increasing.
  11. Offline

    ReputationRep:
    (Original post by Dalek1099)
    finally someone understands the truth and i have estimated a 2.8 billion loss.
    Not million?
  12. Offline

    ReputationRep:
    (Original post by Dalek1099)
    finally someone understands the truth and i have estimated a 2.8 billion loss.
    By estimate you mean you know it has to be below 3 billion so you've picked a number out of the air below 3 billion that supports your view right?
  13. Offline

    ReputationRep:
    Why is Osborne trying to tax the rich 5 times the amount they are taxed already?

    Does he want to drive them out of the country?

    Hate to say it but this would have never happened under a government with Tony Blair and Peter Mandleson in it.
  14. Offline

    ReputationRep:
    I really can't decide if you are a troll or just dumb?
  15. Online

    ReputationRep:
    (Original post by partoftheweekend)
    Maybe they should put a cap on the maximum tax you can pay, like a million a year or something. Then rich people would probably stop trying to avoid it. Surely after a certain point you've paid your own way enough, and the money that you bring in through corporate tax, VAT etc is still increasing.
    Rich people will try to avoid paying any tax even if it was £1.
  16. Offline

    ReputationRep:
    (Original post by Maker)
    Rich people will try to avoid paying any tax even if it was £1.
    As will poor people.

    And middle income people.
  17. Offline

    ReputationRep:
    (Original post by Maker)
    Rich people will try to avoid paying any tax even if it was £1.
    Mainly because the majority of middle and upper tax payers actually work intellectually demanding jobs with serious work involved, so maybe they don't feel like giving 50% of it away to sponging socialist benefit whores who dropped out of school at GCSE's because they couldn't be bothered. So of course now they can't start their "Dream Business, I'm going to be a millionaire" corporation, they need the intellectual rich to support them.

    TL;DR - **** off benefit sponging ****.
  18. Offline

    ReputationRep:
    (Original post by Dalek1099)
    And who thought labour would ruin the country?
    Lowering taxes on the rich and you expect people to pay their taxes now,what an idiot?-the least they could lose is 2.8 billion because most people won't pay back their taxes because of a 5% cut.
    Aren't the Government meant to be making cutbacks that will earn money?
    So you don't think ex 50% bracket earners will now not want to go through all the hassle of having all their accounts set up foreignerly ?
  19. Offline

    ReputationRep:
    (Original post by Joe909)
    So you don't think ex 50% bracket earners will now not want to go through all the hassle of having all their accounts set up foreignerly ?
    I'd imagine the new punitive taxes on certain common tax dodge methods might help discourage them.
  20. Offline

    ReputationRep:
    (Original post by Dalek1099)
    finally someone understands the truth and i have estimated a 2.8 billion loss.
    While the OBR and HMRC are saying around 100 million. Does it worry you that your estimate, based on no demonstrated evidence, statistical modelling or research, formulated within a day of hearing about the issue might just be slightly less valid than that of two large organisations involved almost entirely with economics and tax who have actually spent time and done research on the issue?

Reply

Submit reply

Register

Thanks for posting! You just need to create an account in order to submit the post
  1. this can't be left blank
    that username has been taken, please choose another Forgotten your password?
  2. this can't be left blank
    this email is already registered. Forgotten your password?
  3. this can't be left blank

    6 characters or longer with both numbers and letters is safer

  4. this can't be left empty
    your full birthday is required
  1. By joining you agree to our Ts and Cs, privacy policy and site rules

  2. Slide to join now Processing…

Updated: March 23, 2012
TSR Support Team

We have a brilliant team of more than 60 Support Team members looking after discussions on The Student Room, helping to make it a fun, safe and useful place to hang out.

New on TSR

Rate your uni

Help build a new league table

Poll
How do you read?
Useful resources
Quick reply
Reputation gems: You get these gems as you gain rep from other members for making good contributions and giving helpful advice.