Should billionaires and multinationals pay fair tax?

[JohnD]

No the landlord will not be able to pass on the full 2k but it WILL end up increasing the rent.

Landlords will seek to maximise their income, so rent will depend on what tenants can pay.

 

[carmanmemoranda]

They are just bots. They can't think. They are from the school of 'They need us more than we need them'.

They are well trained monkeys to repeat the same claptrap but never question it.

It's as if they are afraid of seeing the light - prefer to live in darkness.

The only other choice is the less we'll off and lower earners paying more so the very wealthy don't have to.

The money has to come from somewhere

 

[JohnD]

The only other choice is the less we'll off and lower earners paying more so the very wealthy don't have to.

Motorbiking's preference.

 

[carmanmemoranda]

Motorbiking's preference.

The only problem is that a lot of people are paying tax but can't afford a house, or to eat.

Sounds fair to some. But cutting back on a 5th holiday or another property etc must hurt

 

[aveatry]

You brought up Landlords - and now are swerving.

LVT and tax capital the same as income.

Why are you so against this?

Nope - not me - it was your side kick ---

Poor people live in rented accommodation, their wages pay for their rent
Rich people own houses that they rent out, they receive money from poor people and that money goes to increase the assets of the rich person

 

[diy_fun_uk]

Some people on here have genuinely laughable definitions of what makes someone rich ...

 

[aveatry]

Landlords will seek to maximise their income, so rent will depend on what tenants can pay.

Got it- so its the tenants fault that their rents are so high

 

[carmanmemoranda]

Some people on here have genuinely laughable definitions of what makes someone rich ...

It's easy to decide poor though.

Can't afford to eat, heat or a house. I think the number in that category is quite high?

 

[aveatry]

LVT and tax capital the same as income.

Why are you so against this?

Because it will increase rent.

 

[carmanmemoranda]

See wealthier people paying more tax under the conservatives. Who’d have thought.

It doesn't say they are paying more tax. They might be, or there may be lots of avoidance going on.

But the number of people earning over a million has gone up by around 20%

 

[carmanmemoranda]

Irrelevant diversion. How does wealth equate to income tax. Keep up the good job you’re doing of being the forum idiot.

Since when has this thread been solely about income tax?

I suggest you read the thread title

Forum idiot you say

 

[SirGalahad]

Because it will increase rent.

lol

Its LVT = its a tax on land. Now what happens to land that is empty and not built upon? That's taxed as well so more land will become available to be built upon. Why? Simple landowners can't sit on empty land cost free anymore they will pay the LVT as a holding tax and with no income coming in as the land is nit built on they will sell to someone willing to build on it and get a return.

 

[motorbiking]

Landlords can't pass the tax on. If they are renting out a property for £10k and have to pay £2k tax on it - every other landlord will do the same - renters won't be able to pay and leave.

So the Landlord options are no tentant and pay £2k tax or a have a tenant and still pay £2k tax. Tell me which they will choose?

Hilarious….. oh wait you’re serious.

 

[SirGalahad]

Hilarious….. oh wait you’re serious.

Go on explain your point idiot.

As a Brexiteer your understanding of economics and finance is worth didly squat lad.

 

[motorbiking]

It doesn't say they are paying more tax. They might be, or there may be lots of avoidance going on.

But the number of people earning over a million has gone up by around 20%

Oh good grief.. if it’s being avoided, it’s not in the tax receipts, if it’s being paid it is.

By lowering or freezing the tax thresholds the wealthy pay more in tax. That’s be because the rate increases as the earnings increase.