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Taxes and the rich

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1 Taxes and the rich on Fri Jan 27 2017, 12:19

xmiles

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Ivan Campo
Ivan Campo
Not very surprising news today that under the Tories the rich pay less tax than ever. The full article is below but the key quotes are:

"Since HMRC set up a specialist unit dealing with so-called high net worth individuals - from across all walks of life - in 2009, the amount of income tax they paid had fallen by £1bn, the report said. This was despite income tax receipts from the public as a whole rising by £23bn over the same period. HMRC was unable to explain why the income tax they paid fell by 20% - from £4.5bn in 2009-10 to £3.5bn in 2014-15 - when the overall income tax take rose by 9% to £23bn."

"Of the 850 penalties issued to the very wealthy since 2012, the average charge was £10,500, a figure the MPs said was unlikely to be a deterrent to multi-millionaires."

http://www.bbc.co.uk/news/business-38764923

2 Re: Taxes and the rich on Fri Jan 27 2017, 13:39

Natasha Whittam

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Nat Lofthouse
Nat Lofthouse
Yes, because the rich paid all their due tax under Labour :facepalm:

3 Re: Taxes and the rich on Fri Jan 27 2017, 17:30

wanderlust

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Nat Lofthouse
Nat Lofthouse
Natasha Whittam wrote:Yes, because the rich paid all their due tax under Labour :facepalm:
Where did he suggest that they did? What he said was that Labour were more successful at taxing the rich than the Tories - which is true. You are being sarcastic about something that nobody said.

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