Multinational forced to pay some tax

[Odds]

Globalisation: the rise and fall of an idea that swept the world

The long read: It’s not just a populist backlash – many economists who once swore by free trade have changed their minds, too. How had they got it so wrong?

www.theguardian.com

If you've read it perhaps you can summarise for folk who don't have time for a long read.

 

[Notch7]

Globalisation: the rise and fall of an idea that swept the world

The long read: It’s not just a populist backlash – many economists who once swore by free trade have changed their minds, too. How had they got it so wrong?

www.theguardian.com

Globalisation is not the same as “globalists” which the conspiracy nutters bang on about 24/7

 

[gant]

Globalisation is not the same as “globalists” which the conspiracy nutters bang on about 24/7

You've not read the article then if you come out with that tripe.
The articles from 2017 and no lessons have been learnt.
It'll all end in tears.

 

[JohnD]

If you've read it perhaps you can summarise for folk who don't have time for a long read.

Of course he can't, he hasn't read it.

 

[Notch7]

Globalisation: the rise and fall of an idea that swept the world

The long read: It’s not just a populist backlash – many economists who once swore by free trade have changed their minds, too. How had they got it so wrong?

www.theguardian.com

An interesting article, but its an opinion piece with lots of false arguments.

It talks about how globalisation of trade, ie lowering trade barriers encourages businesses to source cheaper goods, cheaper Labour, cheaper farming abroad making domestic labour lose work and / or lower wages and standardsto compete.

Why did people vote for Brexit: apparently to create new opportunities to buy cheaper goods abroad.…..so buying chlorinated chicken, hormone filled beef, god knows what through CPTPP.

The irony is people Brexit supporters are often the ones screaming about “globalists”

 

[motorbiking]

so next time you moan about how much tax the ”wealthy” pay

Ask yourself if it is a lower proportion than the "not-wealthy" pay

(Yes it is)

Nonsense. 1% paying 28% is not a lower proportion. Paying half your income in tax is not a lower proposition, having 60% of all income tax paid by 10% of employees is not a lower proportion.

 

[Notch7]

You've not read the article then if you come out with that tripe.
The articles from 2017 and no lessons have been learnt.
It'll all end in tears.

Gant voted for the globalist opportunites of brexit: hormone beef from Australia, chlorinated chicken from USA, deregulation of British standards in workers rights, environmental protections, banking regulations…..it’s Singapore on Thames for Gant.

 

[JohnD]

Mottie thinks the rich have a hard time and it isn't fair.

Hahaha haha!

I previously wrote this.


I was talking to two neighbours the other day* over a mince pie.

One is a working man who grumbled that on his earnings of £50k, he pays £7,486.00 income tax and £4,853.63 National Insurance.

The other neighbour is a private investor receiving £50k of dividends, who pays £3,100.13 income tax and no NI.

Obviously this is perfectly fair.*

Shouting over the high wall of his grounds, our multibillionaire neighbour said that he pays no tax here because, although a UK citizen, with an English peerage, born here, educated here, owning a house here, owning a newspaper and internet company here, that sells British goods and services, in Britain to British people, he says that UK is not his real home. He says he inherited this status from his British father, who lived in France for a while.

Obviously this is also fair.*

If you doubt my word, check it yourself.

Income tax calculator - Which?

Calculate the income tax and National Insurance you'll pay in the 2024-25, 2023-24 and 2022-23 tax years

www.which.co.uk

Dividend tax calculator - Which?

Use our 2024-25 and 2023-24 dividend tax calculator to work out how much tax you'll pay on the dividends you earn from shares

www.which.co.uk

Jonathan Harmsworth, 4th Viscount Rothermere - Wikipedia

en.wikipedia.org

* these bits are not true.

 

[Notch7]

You've not read the article then if you come out with that tripe

Neither have you which is why you don’t know it’s full of bolox

 

[JohnD]

Nonsense. 1% paying 28% is not a lower proportion. Paying half your income in tax is not a lower proposition, having 60% of all income tax paid by 10% of employees is not a lower proportion.

If I pay income tax and NI totalling, say, 33% of my total received

And if you pay, say, 20% of your total

Then you are paying a lower proportion than me.

For example, a person receiving £100,000 in dividends but no salary, pays £19,995.13 income tax and no NI.

A person earning £100,000 salary but no dividends pays £27,432.00 income tax and £5,518.60 National Insurance.

The person receiving £100,000 in dividends probably has investments of more than three million, more likely six million to tilt more towards capital gains.

Fair, eh?

 

[Mottie]

The problem is that there are millions of people that bought many years ago, their houses have massively increased in value - which they’ve done nothing to generate that.

And now we have millions of people who can’t afford to buy and and are stuck in over priced rentals.



You might want to turn this into a tribal capitalist vs socialist argument - but in order to,solve a problem, it needs understanding.

Maybe you could think about a solution, then you will start to appreciate problem

Your solution seems to be take from those that have it and give to those that don’t. I don’t agree with that. What have you got that you are willing to give up? How many bedrooms does your house have? Do you use them all? Have you thought of downsizing? Who will get your house if you do?

 

[JohnD]

Your solution seems to be take from those that have it and give to those that don’t.

You don't think UK needs more homes, then.

When was yours built?

 

[Brigadier]

£800,000 house

There's your f##king problem.

The housing market is utterly ridiculous, and shouldn't be called "housing".

It's speculation (and guaranteed, at that).

 

[Brigadier]

i know gen Zs on modest wages who never prepare any meals. Everything is just eat and deliveroo

Shouldn't that be deliveroo, and just eat?

 

[fillyboy]

An interesting article, but its an opinion piece with lots of false arguments.

It talks about how globalisation of trade, ie lowering trade barriers encourages businesses to source cheaper goods, cheaper Labour, cheaper farming abroad making domestic labour lose work and / or lower wages and standardsto compete.

Why did people vote for Brexit: apparently to create new opportunities to buy cheaper goods abroad.…..so buying chlorinated chicken, hormone filled beef, god knows what through CPTPP.

The irony is people Brexit supporters are often the ones screaming about “globalists”

I wasn't aware that the EU had pushed back against globalisation, that people voted for brexit simply to get their chops round some chlorinated chicken is something of a revelation too.