Income tax- Burnam

[Niftywigglesheep899]

Does anyone know if Andy Burnam is planning to raise income tax , so we have less money coming in each month?

Im quite concerned - stretched as it is and can’t cope with anymore.

I absolutely do. I also know it’s a handy word for those who want to be blind to the real issues of taxation, or want to smear the reputation of others.

I'm saying there's no point virtue signalling by claiming you want to pay more tax when you've used tax avoidance schemes in the past. That's laughable. It's rather like Keir Starmer attempting to position himself as a man of integrity then admitting he'd accepted tens of thousands of pounds worth of free goods from Lord Alli.
Where have I said I'm against a wealth tax or millionaires paying more tax?

So presumably you've finally accepted he used a tax avoidance scheme since you've ignored my comments on my earlier post. Paying your fair share of tax when disposing of an asset really isn't that difficult.

No he used the only payment vehicle available to him. And you haven’t read the Guardian link properly either. I can’t keep up with your numerous fact free posts.

The roles don't change. The work is just done in another tax jurisdiction. But the main serious issue is that tax is not going to be paid in the UK.

What do you mean by this?

BTW, welcome to MN 3wordsandnumbers.

And why the arsey post? Someone who is keen on politics may be able to say yes or no he’s said this and when. Obviously we’ve all heard the rumours but someone may have been able to give a more educated answer. So that’s why I asked to answer your question.

It's called a tax avoidance scheme. You can dress it up as a 'vehicle' or whatever ridiculous language you choose but the facts are the same. Have you actually read the documents or do you solely rely on articles from the Guardian and peddle them as 'fact'?

@BermudaRhombus you may be comfortable with paying more, or a higher rate of income tax, but I think I already pay quite a lot of tax, and so far (I'm 70) I have not claimed any benefits beyond my state pension and the occasional visit to my GP. I have the SP, £300 per month from an occupational pension, and the proceeds of the SIPP we created 25 plus years ago. It should see us out so I am not arguing hard here, but had I not taken the initiative to start the SIPP, we would have been looking at a threadbare future.

It’s not a tax avoidance scheme. It’s a payment vehicle for contracted staff. Tens of thousands of contractors use it to deal with their self employed status.

All my examples of UK qualified people

I was referring to Barbados.

It would have been helpful if you’d said so. It was perfectly clear I was referring to the case he won with HMRC.

I agree with this. People should pay tax, of course they should. But a wealth tax in most cases leads to less tax take, which will lead to middle income earners who cannot just up and leave, inevitably having to pay more. Tax corporations, close tax loopholes, replace the gazillion different property taxes with a land value tax. All of those things will get more money into the treasury. Wealth taxes are not the solution- not long term. How many people earn over £10million? About 0.01% of the population or something. It won't raise enough to even touch the sides of the NHS budget sheet and if it leads to people taking their business elsewhere it will lead to no tax being taken at all. They sound good to people who think they won't have to pay them.

What fields are they in? Just so different from my circle I’m just curious.

The tax thresholds are ridiculous. As if £50k and £100k isn’t already enough of a mental barrier to HR, they are clobbering points for tax. Also, the benefit allowance drop offs are ridiculous and incentivise behaviour away from work. The tax and benefits thresholds need looking at together, and they should be made much fairer.

He won't.

He's relying on people on benefits to vote for him so he isn't going to bite the hand that feeds him.

We have made the decision to leave the UK. We have dual citizenship so have options - and our DCs are now all off to University. The threat of land value tax and all the other wealth taxes are the straw that has broken the camels back.... I will be sad to go and I will miss my house (which I really thought would be my forever home) but the UK will just be too expensive to retire in when the time comes so better to make the move now.

Congratulations! Where will you be moving to?

@PinkFruitbat DHs company has agreed to move him to payroll in the US (where he currently has to spend around 50 percent of his time anyway) and we will split the remainder of our time between France and the Uk. We have accepted an offer on our main property in the Uk but will retain our small buy to let flat as a pied a terre. We have networks and friends in all these locations and DS1 is also relocating to the US for work so it’s all coming together. DH plans to work for five more years and then he will retire. My work can be done remotely so it’s all good. I travelled around a lot as a kid and have also done so extensively due to work so I am no phased by any of this.

Sounds like you've both worked hard to make a good life for your family. You're the perfect household for Labour to punish. Good luck in your new venture.

Going on the US payroll is very wise. Sound like you are in a great position to make a better life than the tax crushing you would get in the UK!

The dual citizenship helps

Many people in the UK are crushed by Brexit, Austerity and Truss

But Labour......

Perfectly understandable...