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B607 - Aviation Tax Bill 2013 watch

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    (Original post by Rakas21)
    By that point i'd hope we running consistent surpluses more than big enough to absorb the loss. Possible here, very unlikely in RL.
    By the looks of things taxes are always going down and spending is always going up on this mhoc thing. If anything it is a budget disaster that would have meant the UK would have tanked by now.
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    (Original post by ImNew)
    By the looks of things taxes are always going down and spending is always going up on this mhoc thing. If anything it is a budget disaster that would have meant the UK would have tanked by now.
    There are ways to save money (hopefully some will be in the budget) however on here we have a land tax which raises substantial revenue.
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    (Original post by ImNew)
    By the looks of things taxes are always going down and spending is always going up on this mhoc thing. If anything it is a budget disaster that would have meant the UK would have tanked by now.
    Not true, there is significantly higher tax here than in real-life. It's just that it is much more targeted towards the wealthy and property owners.
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    (Original post by Rakas21)
    There are ways to save money (hopefully some will be in the budget) however on here we have a land tax which raises substantial revenue.
    (Original post by Saoirse:3)
    Not true, there is significantly higher tax here than in real-life. It's just that it is much more targeted towards the wealthy and property owners.
    You aren't taking into account the effect the land tax would have on house prices and therefore the amount of credit in circulation, this would massively stifle economic growth thus a never ending cycle of reduced growth and lower tax incomes year on year is ignited.
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    (Original post by Indievertigo)
    Only a fool would forget about the fastest growing source of greenhouse gasses. Air travel also has a disproportionately strong impact on the environment due to the burning of fuel at altitude.
    Speed of growth is a relative not absolute measure and tends to overstate the importance of small sources. Fossil fuel electricity generation is responsible for about 40% of emissions vs 4% for air travel in the developed world. In the developing world it is more skewed towards power generation. So even a doubling in airline emissions is less relevant than a 10% increase in fossil fuel emissions.

    I appreciate your point about Nuclear power but this bill is not to discuss power generation it is to discuss Aviation Tax. You're more than welcome to propose a bill on Nuclear power generation.
    This bill is predicated on its effectiveness as a CO2 mitigation measure and taxing airlines is not an effective CO2 mitigation measure.

    It's how this tax is now applied that is important, as it takes into account fuel usage giving airliners an incentive (or dis-incentive however you want to look at it) to get more passengers flown per tonne of fuel.
    This incentive is already very strong because of the underlying economics of airlines.
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