wayne rooney Mr Cameron, Wayne Rooney!

[SpookilyDoodleydoohoohoooooo]

here

I think I feel slightly sick! Tax him, tax his club, greedy little man.

As you were.

people already move their money abroad and dont pay tax on it. most of our new cabinet do it. i read that lower taxes may mean more revenue, but the same also for higher taxes. so where does that leave the 'curve'? it seems a swings and roundabouts thing to me. but with more tax on the super rich then the pennies still look after themselves.

in the meantime we continue to think that it is ok to tax someone on 151000k the same as someone on 2400000k [or more] at least?

People have done this but international capital flows have increased exponentially over the last few years.

" we continue to think that it is ok to tax someone on 151000k the same as someone on 2400000k "

It's an interesting philosophical/ethical question.... why should there be different tax rates at all? Why should earnings of £43,000 attract 20% tax but the next £110000 earned have 40% deducted? Why not a flat rate for all of it?

As I'm considering changing careers and taking a cut in salary I did the maths recently. If I were to halve my gross salary my net take-home would only go down by about 25% purely because of the tax thresholds. I was quite surprised.

"people already move their money abroad and dont pay tax on it. most of our new cabinet do it."

Excuse me but that is total nonsense. No-one with any basic knowledge of tax could make that claim and I HAVE to contradict that assertion.

People who are resident, ordinarily resident and domiciled in the UK pay tax in the UK on their WORLDWIDE earnings. FULL STOP

No-one in the cabinet is a non-dom. Non-domiciled individuals are broadly people who have been born abroad or who have their centre of vital interests abroad. Such individuals therefore are not taxed on their overseas income in the UK.

So for instance, I have a house in France which is let for a large part of the year as I am resident in the UK. That rental income is taxable in the UK and I stick it on my tax return. You cannot just move capital overseas and not be taxed on it.

Blimey I don't know where people get this stuff from. The cabinet is full of MPs who may or may not be total rogues - the next expenses review will determine that - but to accuse them of tax fraud is a bit much.