Therese Coffey on removal of universal credit uplift

Therese Coffey on removal of universal credit uplift

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1,453 posts

155 months

Thursday 16th September 2021
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98elise said:
How much corporation tax should be paid on sales?

There are loads of UK companies large turnover in the UK that pay zero corporation tax, completely legitimately with no "loopholes" etc. That's just the way corporation tax works.
A better way to do it is a consumer tax added at point of sale, as opposed taxing turnover.

Politically unpalatable - despite the fact that corporation tax is actually paid by the customer in a roundabout way anyway.

Biggy Stardust

6,936 posts

45 months

Thursday 16th September 2021
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Previous said:
A better way to do it is a consumer tax added at point of sale, as opposed taxing turnover.

Politically unpalatable - despite the fact that corporation tax is actually paid by the customer in a roundabout way anyway.
It exists- it's called VAT

Northernboy

12,642 posts

258 months

Thursday 16th September 2021
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Previous said:
A better way to do it is a consumer tax added at point of sale, as opposed taxing turnover.
Perhaps 20% of the sale price?

98elise

26,672 posts

162 months

Thursday 16th September 2021
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ZedLeg said:
Look, I understand how businesses run. I’m a manager in a medium sized e-commerce company myself.

It seems clear to me that the way these large companies run is counter to the good of their employees and the communities they operate in. I may have the wrong end of the stick though.
Why to you associate corp tax with turnover then? For anyone who understands how a business work it makes no sense at all.

Ask your CFO why they are not linked, and why there isn't a turnover tax instead. It's the sort of thing you need to understand if you own/manage a corner shop let alone a medium size business.

98elise

26,672 posts

162 months

Thursday 16th September 2021
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Northernboy said:
98elise said:
So what does having a non working partner, children have to do with being a nurse? .
Nothing, but the example I was responding to was a nurse, so I stuck with that.

Profession doesn’t enter into the calculations.
Agreed, it wasn't a criticism of you. The original example used nurse to be emotive, however it has nothing to do with being a nurse.

bitchstewie

Original Poster:

51,459 posts

211 months

Thursday 16th September 2021
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g3org3y

20,643 posts

192 months

Thursday 16th September 2021
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bhstewie said:
I'm somewhat wary of UN analysis or comment following their claim that the Government Race & Ethnic Disparity report tries to normalise white supremacy.

98elise

26,672 posts

162 months

Thursday 16th September 2021
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bhstewie said:
I think the lesson learned here is lots of people don't understand what temporary means.

Murph7355

37,762 posts

257 months

Thursday 16th September 2021
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98elise said:
bhstewie said:
I think the lesson learned here is lots of people don't understand what temporary means.
Exactly.

Someone a the UN evidently has a bee in their bonnet about the UK smile But if this is the biggest global issue they feel they need to interfere in then the world is evidently not in that bad a position!

Peston's show was on the same trip yesterday..."biggest single overnight cut in benefits forever". Presumably it was the biggest overnight rise when it was introduced as a temporary measure too then. I don't recall much outcry then (other than from those of us who could see the stupidity in Sunak's "freebies").

The way this is being spun by all and sundry beggars belief.

JagLover

42,467 posts

236 months

Thursday 16th September 2021
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Murph7355 said:
98elise said:
bhstewie said:
I think the lesson learned here is lots of people don't understand what temporary means.
Exactly.

Someone a the UN evidently has a bee in their bonnet about the UK smile But if this is the biggest global issue they feel they need to interfere in then the world is evidently not in that bad a position!

.
Institution capture

A significant proportion of the UN feel it appropriate to play political games in the west rather than focus on the real tasks of the UN (which are often ignored).

At least it gave us a laugh on a slow day though.

Downward

3,620 posts

104 months

Friday 17th September 2021
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Northernboy said:
Downward said:
Assume your pulling out a wedge of £20 notes when you go visit the GP or when at a hospital appointment ?
“Don’t worry lads I can afford this”
It’s “you’re.”

I’m a Dutch resident, I pay for private health care, like everyone else in the Netherlands is required to do, so no, no money paid out in cash, the GP surgery bills my insurance provider.
That’s a relief. I would hate to think your paying your hard earned taxes on healthcare for the peasants.

Northernboy

12,642 posts

258 months

Friday 17th September 2021
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Downward said:
That’s a relief. I would hate to think your paying your hard earned taxes on healthcare for the peasants.
But I do. Stamp duty, VAT, council tax; I very happily pay what I should do in the UK and am proud to be able to make the contribution.

You should be utterly ashamed at calling people peasants. A person’s moral worth has nothing to do with their income or how much tax they pay.

anonymoususer

5,859 posts

49 months

Friday 17th September 2021
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It was only ever a temporary thing..............................
But a few job cenre staff oversold it to people who might be doing a few hours on JSA. They sold it on the basis you can keep more of the money you earn AND the fact you got an extra £20 a week, They used the term temporary but a lot tried to infer it would become permanent

APontus

1,935 posts

36 months

Friday 17th September 2021
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Why on earth did they introduce the temporary increase in the first place? It was only ever going to be a cul-de-sac of political death.

Northernboy

12,642 posts

258 months

Friday 17th September 2021
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APontus said:
Why on earth did they introduce the temporary increase in the first place? It was only ever going to be a cul-de-sac of political death.
They’ll have learned the lesson there. No good deed goes unpunished.

Johnnytheboy

24,498 posts

187 months

Friday 17th September 2021
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Just dipping in to check who the OP was... carry on.

jdw100

4,126 posts

165 months

Saturday 18th September 2021
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ZedLeg said:
I think it’s clear I’m not an expert on corporation tax laugh.

There must be a better way to do it than just accepting that multinationals are going to funnel huge amounts of money offshore while only paying a tiny amount into the public coffers.
There is. Get them to pay what is due.

Where i live Google was really tying it on for years. Tax evasion, not avoidance.

4th largest population in the world and the highest users of social media….so obviously Google only needed a ‘representative office’ in the country.

As non-permanent offices they could say profit was generated by regional HQ in low-tax Singapore. Therefore paying very little tax on large profits generated in Indonesia. They actually tried to get away with simply paying income tax on the 20 staff in the office.

Bit like Starbucks making a loss in UK and paying tax from an office of 20 people in Eire.

Government not happy! Went at them hard over several years, court cases etc.

In the end Google backed down. Government went after back-taxes as well and Google had to pay $100m + for each year, going back to 2015. I think is was 400m for some years?

That’s a bit simplified but you get the picture.

Similar with Apple. Want to access the market - you have to agree to pay tax and also create some decent jobs

To show you how sneaky these companies are…to comply with the last part Apple set up a site where people were, essentially, re-boxing phones. Totally cynical move.

Government told them to fk off and threatened them again with zero access to the market - Apple eventually crumbled (boom tish) and there is now a big app development centre is Jakarta.

So it can be done - have to have the guts for it, brinksmanship etc.




bitchstewie

Original Poster:

51,459 posts

211 months

Sunday 19th September 2021
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Interesting to see Iain Duncan-Smith leading the Conservative revolt against the cut.

Universal credit cut will push 800,000 people into poverty, Boris Johnson warned

Obviously not a real Tory. Who knew?