Budget 2012

[elster]

cerbfan said:

Any idea what time the actual budget speach is due to start? I want to try and organise a meeting this afternoon so that it does not clash.

About 12.30.

[pilchardthecat]

anonymous said:

[redacted]

Which is why stamp duty (transaction tax) is a stupid way of taxing accumulated wealth.

The answer of course is a land value tax, but this will never happen because half of the land in the UK isn't even registered with the land registry, it just passes seamlessly from one generation of blue-bloods to the next.

[Trommel]

pilchardthecat said:

The answer of course is a land value tax, but this will never happen because half of the land in the UK isn't even registered with the land registry, it just passes seamlessly from one generation of blue-bloods to the next

Presumably you'll be giving all your assets to charity instead of your children then?

[elster]

Guido has launched the Budget Bingo

http://order-order.com/2012/03/21/budget-bingo/

[pilchardthecat]

Trommel said:

pilchardthecat said:

The answer of course is a land value tax, but this will never happen because half of the land in the UK isn't even registered with the land registry, it just passes seamlessly from one generation of blue-bloods to the next

Presumably you'll be giving all your assets to charity instead of your children then?

Who said anything about "all" of them.

There is a huge imbalance of taxation in this country - there is way too much tax on income and not enough on accumulated wealth

But this is separate to issue of land owned by various royals, which dates back hundreds of years and isn't even registered or taxed in any way

[Trommel]

pilchardthecat said:

But this is separate to issue of land owned by various royals

Seriously, find something else to worry about.

[TEKNOPUG]

Soovy said:

3. MASSIVE rise in fag duty

Thus encouraging more people to buy smuggled cigarettes, reducing the total tax revenue and increading the amount of money lost to the black economy.

Genius.

[pilchardthecat]

Trommel said:

pilchardthecat said:

But this is separate to issue of land owned by various royals

Seriously, find something else to worry about.

I have plenty of other things, but as far as inequity goes, that's the elephant in the room for the UK

[roachcoach]

Sonic said:

markh1973 said:

Pesty said:

markh1973 said:

Probably only everyone who pays at 20% will be better off as he will probably reduce the 40% threshold again - pulling more people into that band.

really think they would do that?

so people in the middle will be hammered again.

That is what he did last time so yes I do believe he would do it again

This move would sicken me... the bloody band should be going up with inflation, not going down year-on-year

Best get a bucket ready then...at BEST I think it might stay static as opposed to rise with inflation.

[Newc]

As an addendum to my more serious list earlier, may I also suggest Gorgeous recommends the following to the House:

- introduction of a 99p coin (my all time favourite MRLP policy)
- moving the UK government (parliament, the ministries, and the civil service) to Birmingham. This is full of win, with almost no downsides. I note that 40% of the G20 has split government and commercial centres, so it's clearly workable. And it would give High Speed 2 a bit more relevance.

[S10 GTA]

There should be a massive reduction in Foreign aid IMHO

[james_tigerwoods]

S10 GTA said:

Let's have your thoughts and opinions...

Release it earlier and quit with the fking "leaks" already.

[pilchardthecat]

james_tigerwoods said:

S10 GTA said:

Let's have your thoughts and opinions...

Release it earlier and quit with the fking "leaks" already.

Don't you meen "leeks" - the national vegetable of Cymru

[pilchardthecat]

(you tard)

[Victor McDade]

TEKNOPUG said:

Soovy said:

3. MASSIVE rise in fag duty

Thus encouraging more people to buy smuggled cigarettes, reducing the total tax revenue and increading the amount of money lost to the black economy.

Genius.

Duty has been going up year on year for decades now and so has the total revenue collected.

And tax revenue lost to smuggling has actually gone down over the past 10 years despite duty going up.

http://www.the-tma.org.uk/tma-publications-researc...

http://www.the-tma.org.uk/tma-publications-researc...

Edited by Victor McDade on Wednesday 21st March 11:49

[james_tigerwoods]

At what point will the taxation on things like fags, booze and fuel get to the point where people stop using them - where will the revenue come from then?

[hyperblue]

james_tigerwoods said:

At what point will the taxation on things like fags, booze and fuel get to the point where people stop using them - where will the revenue come from then?

The taxes on these would have to be increased massively to even make a dent in the number of people using them.

[powerstroke]

pilchardthecat said:

Soovy said:

4. £400 a year road tax for caravans

Oooh, I like that.

Yes and put it on Audis Too!! Im anouncing an Audi tax to replace
the 50p rate so the smugest and the most self absorbed in socicity pay there fair share..

[alfaman]

anonymous said:

[redacted]

I reckon for quite a few [ mainly overseas? ] buyers of multi-milliom pound properties.. the additional stamp duty isnt something to be concerned about [even if the Govt get tough with anti-avoidance].

A 7%+ transaction cost to acquire safe-haven-trophy assets in London .... big deal.

They will usually want immediate gratification .. self build is just too much hassle.

[cazzer]

Victor McDade said:

TEKNOPUG said:

Soovy said:

3. MASSIVE rise in fag duty

Thus encouraging more people to buy smuggled cigarettes, reducing the total tax revenue and increading the amount of money lost to the black economy.

Genius.

Duty has been going up year on year for decades now and so has the total revenue collected.

And tax revenue lost to smuggling has actually gone down over the past 10 years despite duty going up.

http://www.the-tma.org.uk/tma-publications-researc...

http://www.the-tma.org.uk/tma-publications-researc...

Edited by Victor McDade on Wednesday 21st March 11:49

All based on government estimated figures.
They're not going to say anything else.