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  • Tax

    How can I be +ve with a tax rate of 70% ish?

    Didn't he want it demolished so that he could build a bigger better palace? I might be confusing my emperors but I thought that he made himself unpopular by annexing some public gardens so that his new palace was bigger.

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    Nero did build a bigger better palace - the Domus Aurea / Golden House. It was suggested that he set the fire to clear the area for the new house, but it was built a kilometer away on the other side of a hill. He used some material from the old house in the new. The house and grounds covered over 100 acres so he had to confiscate a lot of lands and those he confiscated it from weren't happy.

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    Adam I wish you well


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    Learn Change and Adapt ?????

    All comments are for casual information purposes only. If you wish to rely on any advice I have given please ensure you obtain independent specialist advice from a third party. No liability is accepted for comments made.

    I think the government are making it very difficult for anyone to be very wealthy, and deliberately so in the interests reducing the wealth gap in society. There are just as many angry business owners who can no longer draw their salaries as dividends. 

    I do think S24 is bonkers because it can force people into genuine hardship and breaks historic financial norms, but the overall objective to tax wealthier people more is likely to be popular.

    The only way to get wealthy nowadays is to evade tax, and most people would agree that is unethical, even if they disagree with high taxation as a policy.

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    I would say that whole businesses  are based on tax avoidance

    Starbucks; Google etc if they paid proper tax would not be worth as much

    Tax avoidance  is a major part of the business  model for these companies.

    Tax avoidance  is a bigger drain on society

    These tax avoiding  companies receive all the benefits of operating in the UK while paying little tax.

    They suck in migrants to work who are paid WTC and are a drain on UK resources

    We need far fewer tax avoiding companies and ones that stay onshore and pay UK taxes without using complicated yet legal tax avoidance  strategies

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    Great Thread.

    agree with your comment about tax avoidance - the bigger you are as a company the more tools available to "legally" avoid paying tax - for the small business those tools are not economically viable in many cases.

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    We just have to think about different strategy's to stay rich



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    Learn Change and Adapt ?????

    All comments are for casual information purposes only. If you wish to rely on any advice I have given please ensure you obtain independent specialist advice from a third party. No liability is accepted for comments made.

    I’ve not read the whole thread in full. But for me the direction of travel in the uk is one that is designed to push everyone into being employees. The changes on BTL are there to persuade landlords to sell up and leave the sector to ever bigger players, the construction trades are becoming ever more formalised, individual gas engineers are slowly becoming rarer instead new engineers are trained in house and effectively retained as competences and accreditations are with the company and its processes rather than the individual, same in other trades. The push towards making tax digital will continue and tie everyone thats self employed down, i expect to see taxes and pensions etc forced on the self employed in due course.

    Almost as if the end goal is some dystopian scifi world of massive corporations controlling everything. A long way to go but there seems to be a drift that way.

    For the PRS it’ll be the push to professionalisation , licencing, accreditations, provision of support services, etc etc that will slowly but surely be required to continue in business, the process will be slow and the sector will shrink as much by landlords retiring as from those selling up, but fewer will enter the sector. 25 years  from now it’ll be a fraction of its current size and i’d guess you’ll need around 20 properties / gross rental incomes after interest of around 150k ( at todays value) to survive. Such a time horizon for many of us uts it well past intended retirement so not really an issue for most individuals.

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    I agree with every word written

    Real Time Taxation will come for everyone

    The new Universal Credit is all about real time taxation

    and I would add that the Self Employed will go to monthly taxation to and most likely Landlords too

    The Internet is driving the HMRC and it will end with all of use coming a slave to it

    Big Brother is alive and well

    Now Whats my Bra Size ????


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    Learn Change and Adapt ?????

    All comments are for casual information purposes only. If you wish to rely on any advice I have given please ensure you obtain independent specialist advice from a third party. No liability is accepted for comments made.