Rachel Reeves che affronta un contraccolpo nella riga di bilancio “Taxi Tax”
https://www.independent.co.uk/news/uk/politics/reeves-taxi-tax-budget-vat-b2830780.html
di tylerthe-theatre
Rachel Reeves che affronta un contraccolpo nella riga di bilancio “Taxi Tax”
https://www.independent.co.uk/news/uk/politics/reeves-taxi-tax-budget-vat-b2830780.html
di tylerthe-theatre
12 commenti
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She’d be “facing backlash” regardless of what she does, because the media hate her.
You have a choice. Pay more taxes for high quality public services or let the right run down public services so you have to pay to go private. It’s quite simple really. I’m a higher rate tax payer and would be very happy to pay more if I knew that the general public would benefit.
Reeves best option would be to tax landlords. Make the systems sophisticated enough so that if they increase rent they will pay even more tax. Introduce this gradually, over a 2-3 years. Landlords are not very popular, most of them will be in Dante’s Inferno painting sooner or later.
Reeves is damned if she does and damned if she doesn’t, everyone kind of accepts some tax rises will be needed in the November budget just to calm the very skittish bond market if nothing else. The actual “black hole” appears to be a moving target with various estimates being punted at different times by different people.
The problem for her is whatever she suggests is met with a blizzard of condemnation with lots “no not that one” and “it will destroy (Insert group or industry here) if you do that”. The Government will just have to pick its poison and wait for the Greek chorus that follows.
Ima be real
They need to take a hatchet to spending and say tough shit we’re out of money. We’ve run out of “wealthy” people to subsidise everyone else
The Civil Service Headcount is at a 20 year high. We hear about Government cutbacks but there isn’t much reduction in Civil Service numbers
Tax the gambling industry more.
If Bet365 can pay its CEO £95m a year, they’re not being taxed anywhere near enough.
Guessing this is about how Cabbies ‘cash in hand’ some how always report under 90k income or whatever VAT threshold is. Magically.
Here we go, another reddit round of tax someone else other than myself. Income taxes will need to go up or Labour need to cut spending.
Just drastically lower the VAT threshold to £20,000.
We know businesses intentionally stop growing to avoid the tax which has a myriad of harm from not recruiting or taking on apprenticeships to declining work or using multiple company shells to avoid the threshold.
Some on the right suggests raising it but the problem will eventually reappear as they grow or eaten away with inflation, and that’s tax not being paid. Go the opposite way and lower it to make it the default of being self employed balanced where it’s worth the regulatory burden whilst not discouraging cottage industries – at £20,000 people involved would have other tax concerns already.
Going after individual industries doesn’t make sense and its unfair, it will galvanise opposition as rightfully they’ll feel aggrieved. Why should a taxi driver have a higher tax burden than say a courier? It doesn’t make sense.
Edit:
I see Tax Associates covered the topic;
https://taxpolicy.org.uk/2023/01/30/vat_brake2/
I had no idea that taxis, a service, were immune from the tax on goods and services.
If anything it’s weird that they don’t already pay VAT.