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Taxes and the rich

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

xmiles

xmiles
Jay Jay Okocha
Jay Jay Okocha

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

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

Natasha Whittam

Natasha Whittam
Nat Lofthouse
Nat Lofthouse

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

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

wanderlust

wanderlust
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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