Thanks OP, I liked that bit also.
McTufty, I hope I didn't give the impression that raising tax revenue was simple overall, though there are few things that could implemented within a month.
Hong Kong, Singapore, Toronto and Vancouver all charge a tax on any foreigner buying property that is not for their permanent residential use. Singapore is 5%, Vancouver could be 20%. It wouldn't raise a lot but it would be a start.
Not sure if it's still the case but when we were in retailing supermarket and out of town centres paid no business rates on their car parks. Next Council meeting could change all that.
Back to personal tax. If you work for someone you're taxed through PAYE, you've no choice. But multi-millionaires can give £300million to wife living abroad and neither pay tax. That can't be right.
Two of us live here, we've five apple products between us. For tax purposes Apple is based in Ireland or Luxembourg. If I buy an apple from my local greengrocer the profit he makes is taxed and goes to the UK. If I travel twenty miles to the Apple store, their profits may not go to the UK. That's not right.
Here's one reason the young might have voted Labour, well in Canterbury.
One candidate “… a 63-year-old knight of the realm, Oxbridge-educated with a military background and brief career in finance … (the other) a single mum of two boys, who worked as a teaching assistant ...'Being a single mum, being a teaching assistant, I was 100% dependent on tax credits and my salary was around £7.50 and hour and I couldn't have brought my children up without them. I really felt it was time for someone in parliament to know what they were voting about.” (Saturday's Guardian)
Hardly surprising she won.
The recession starting in 2007 (third one we've been through) had its roots in Thatcher's de-regulation of the City in 1986. Unfettered, no longer playing with their own money they had a field day.