Budget summer 2015

just wondering what people thought of the budget good/bad

Thought it was good overall totally wrong footed Labour and SNP with the living wage rabbit out of the Hat the 9£ an hour was a pound more than labour were planning and 30p more the snp were planning.

might be a few years of hurt for some getting tax credits but at the end there will be a surpless

the reduction in Corporation Tax will be good if they go after big firms that avoid paying it

also like the fact that permanent NON dom status will be shut off after 15 year and that Inherited NON DOM status will be removed

All the bitter pills of austerity would be easier to swallow if they didn't then turn around and spunk money up the wall on ridiculous vanity projects like that new bridge on the Thames or more bullshit in the Olympic Park. And 6 years to make a DECISION about that damn runway seems a bit excessive, when it should only take half that long to build the ACTUAL runway.

(08-07-2015 18:57 )HannahsPet Wrote:  Thought it was good overall totally wrong footed Labour and SNP with the living wage rabbit out of the Hat the 9£ an hour was a pound more than labour were planning and 30p more the snp were planning.

might be a few years of hurt for some getting tax credits but at the end there will be a surpless

the reduction in Corporation Tax will be good if they go after big firms that avoid paying it

also like the fact that permanent NON dom status will be shut off after 15 year and that Inherited NON DOM status will be removed

NON DOM?

^ Non-domiciled...

Quote:Someone with non-domiciled status, sometimes called a 'non-dom', is a person living in the United Kingdom who has either acquired a foreign domicile from their father, which is known as a 'domicile of origin', or who has abandoned their domicile of origin and can demonstrate the intention to reside outside of the UK indefinitely and actually enacts the intention.

Non Dom = Tax Avoider

^^^ Not always. I'm sure that Mick Jagger, Lewis Hamilton, Jensen Button and Andy Murray were BORN feeling that they were more Monacan than British...

Why is it the only people who want to exploit their Nom Dom status seem to be rich ones?

(08-07-2015 19:12 )babelover48 Wrote:  

(08-07-2015 18:57 )HannahsPet Wrote:  Thought it was good overall totally wrong footed Labour and SNP with the living wage rabbit out of the Hat the 9£ an hour was a pound more than labour were planning and 30p more the snp were planning.

might be a few years of hurt for some getting tax credits but at the end there will be a surpless

the reduction in Corporation Tax will be good if they go after big firms that avoid paying it

also like the fact that permanent NON dom status will be shut off after 15 year and that Inherited NON DOM status will be removed

NON DOM?

Non Domiciled status mean that UK residents who say they are not domiciled in the UK so they dont pay UK tax on there world wide earnings

Labour were losing there collective shit about them during the election even though closing the loopholes dont really earn that much tax in the long run

Interesting how they didn't tackle tax avoidance by corporations.