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    (Original post by Nigel Farage MEP)
    It is a big claim to make when there is no justification for the £300m figure, a quick calculation of the rates against the profit for casinos in the UK produces a larger figure.
    http://www.statista.com/statistics/4...duty-receipts/

    "Machine games duty, payable on revenues from cash prize games, generated £563m in 2014"

    http://www.ft.com/cms/s/0/c9da45f0-e...#axzz48dmhQScv
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    Their figures seem to be off when figures for other graphs are slightly different to Office of National Statistics spreadsheets, however, that source at best should have been included in the bill. I am still waiting on justification on how a small increase in inheritance tax increases revenue by 190% as your budget stated.
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    (Original post by Nigel Farage MEP)
    Their figures seem to be off when figures for other graphs are slightly different to Office of National Statistics spreadsheets, however, that source at best should have been included in the bill. I am still waiting on justification on how a small increase in inheritance tax increases revenue by 190% as your budget stated.
    The inheritance tax figure was from the IPPR which meant that the rate increase as well as the removal of exemptions could have brought about such a large increase in revenue.
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    (Original post by Lime-man)
    The inheritance tax figure was from the IPPR which meant that the rate increase as well as the removal of exemptions could have brought about such a large increase in revenue.
    That displays more inadequacies because there was no removal of exemptions included in the budget, however, I think a figure taken from a left-wing think tank is unreliable; the budget included the wrong figures.
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    (Original post by Nigel Farage MEP)
    That displays more inadequacies because there was no removal of exemptions included in the budget, however, I think a figure taken from a left-wing think tank is unreliable; the budget included the wrong figures.
    "> Increase Inheritance Tax to 50% and remove the exemptions of unquoted Business assets and agricultural land "

    http://www.thestudentroom.co.uk/show....php?t=3843557

    What's wrong Nige? You're never usually so wrong in such a small space of time
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    I'm sure the House would like to join me in wishing Saracens good luck in the European Rugby Champions Cup final this afternoon. (Live on Sky Sports and BT Sport now – I hope mobbsy91 has remembered to renew the subscription.)
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    (Original post by Saracen's Fez)
    I'm sure the House would like to join me in wishing Saracens good luck in the European Rugby Champions Cup final this afternoon. (Live on Sky Sports and BT Sport now – I hope mobbsy91 has remembered to renew the subscription.)
    Oh ****! I'll find it streaming on some dodgey site somewhere
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    (Original post by Saracen's Fez)
    I'm sure the House would like to join me in wishing Saracens good luck in the European Rugby Champions Cup final this afternoon. (Live on Sky Sports and BT Sport now – I hope mobbsy91 has remembered to renew the subscription.)
    I don't follow Rugby but with the Harlequins training at our university sports centre I'm afraid that's not possible
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    (Original post by cranbrook_aspie)
    He used to be the most Labour Labourite I'd ever met.
    That ex-Green? Pfft.
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    (Original post by RayApparently)
    That ex-Green? Pfft.
    I was hoping someone would come out with "he was the greenest greenite that I ever met".
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    (Original post by Lime-man)
    I was hoping someone would come out with "he was the greenest greenite that I ever met".
    I'll admit I was tempted.
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    (Original post by Lime-man)
    "> Increase Inheritance Tax to 50% and remove the exemptions of unquoted Business assets and agricultural land "http://www.thestudentroom.co.uk/show....php?t=3843557What's wrong Nige? You're never usually so wrong in such a small space of time
    Those are not the only exemptions with inheritance tax, there is still no justification for the figure more than doubling. Total tax revenue will likely decrease, or not increase by more than £500m, because there is an added incentive for people to avoid inheritance tax which is easy to do. It is unusual for me to be wrong, I must be spending time with you, the wrongness in calculations is highly contagious.
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    (Original post by Nigel Farage MEP)
    Those are not the only exemptions with inheritance tax, there is still no justification for the figure more than doubling. Total tax revenue will likely decrease, or not increase by more than £500m, because there is an added incentive for people to avoid inheritance tax which is easy to do.
    Yes through unquoted business assets and agricultural land, so avoidance becomes harder.
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    I know how to win Eurovision

    First we find a Muslim child, or the youngest the act can be. But that's not all, they need for all of their family to have been killed in an airstrike in Syria, preferably NATO or Russian, and for the child to have been grievously wounded so they're in a wheelchair. On top of that they need to have fled to Britain not only because of the civil war but also to have sex reassignment surgery funded by the generosity of the British people. That is a surefire win by hundreds of points, even if they're a mute.

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    (Original post by Lime-man)
    Yes through unquoted business assets and agricultural land, so avoidance becomes harder.
    But this apparent increase comes from a report the ex-Chancellor not referenced, includes exemptions but not all exemptions, and fails to realise the easy way to reduce the tax bill would be to place ownership of the land in an offshore trust fund, or create a multi-owner company.
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    (Original post by Nigel Farage MEP)
    But this apparent increase comes from a report the ex-Chancellor not referenced, includes exemptions but not all exemptions, and fails to realise the easy way to reduce the tax bill would be to place ownership of the land in an offshore trust fund, or create a multi-owner company.
    I'll find it later, i have to go through all the IPPR reports in order to find the report and section that I used.

    Not as many people can do that as you might think. The removal of exemptions make it harder for anyone who isn't mega rich to avoid paying the tax.
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    (Original post by Lime-man)
    I'll find it later, i have to go through all the IPPR reports in order to find the report and section that I used.

    Not as many people can do that as you might think. The removal of exemptions make it harder for anyone who isn't mega rich to avoid paying the tax.
    An individual does not need to be mega rich to contact an accountant to ask for Inheritance Tax advice on a business, a solicitor to transfer ownership of assets with minimal cost, and the ability to read the internet for common loopholes the government struggles to close. The constant targeting of the rich by poorer individuals is envy, ignorant, and shows an unwillingness to plan ahead properly to provide the individual's family with wealth. There is a question if the wealth an individual has is worth it because there is a tax-free exemption with Inheritance Tax for estates worth below the threshold, but if all exemptions are to be removed it will nearly always be worth the cost.
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    (Original post by theunitedGOAT)
    the tories are shite
    Quite true.
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    (Original post by Jammy Duel)
    I know how to win Eurovision

    First we find a Muslim child, or the youngest the act can be. But that's not all, they need for all of their family to have been killed in an airstrike in Syria, preferably NATO or Russian, and for the child to have been grievously wounded so they're in a wheelchair. On top of that they need to have fled to Britain not only because of the civil war but also to have sex reassignment surgery funded by the generosity of the British people. That is a surefire win by hundreds of points, even if they're a mute.

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    PRSOM, it is the perfect way to appeal to left-wing progressives all over Europe whose wet dream will be a reality.
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    (Original post by Nigel Farage MEP)
    PRSOM, it is the perfect way to appeal to left-wing progressives all over Europe whose wet dream will be a reality.
    I still feel I'm missing stuff

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