Tories are still lying *******s

[grunt]

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Former Scottish Tory branch treasurer involved in £1m VAT fraud | The National

Blue tents? Doorstepping? Endless recurring items on the BBC Scotland News and Daily Record? Dozens of polis taking away teabags?

Course not.

[weecounty hibby]

Interesting that he actually used the local tory party to launder the money. Surely that was signed off by auditors etc? Does misuse of party funds (alleged in another High profile case but absolutely done in this case) not demand blue tents, the Met involved, high profile reporters following him about, personal effects removed with TV cameras about, tea bags seized etc etc.

[cabbageandribs1875]

oh gawd, "frack, baby,frack"

does she have a yank accent now

[cabbageandribs1875]

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Blue tents? Doorstepping? Endless recurring items on the BBC Scotland News and Daily Record? Dozens of polis taking away teabags?

Course not.

and gets away with it Ex Tory branch treasurer will face no further action for £1m VAT fraud | The National

[Jones28]

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oh gawd, "frack, baby,frack"

does she have a yank accent now

Madness indeed, using the Trump playbook to cling on to relevance.

The reason we have such ridiculous energy prices is because we are tied to energy production from gas. Change the system of pricing, not the system of production and our bills will be less. We're the only country in Europe that does this.

[grunt]

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and gets away with it Ex Tory branch treasurer will face no further action for £1m VAT fraud | The National

Aren't they even going to bother to recover the money?

[DaveF]

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Aren't they even going to bother to recover the money?

I can't understand why HMRC are not going after this guy? They were determined enoughy to pursue me for a few £££ when I was paid child benefit in error a few years back.

Him and his accomplices just get off with it?

[Ozyhibby]

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Madness indeed, using the Trump playbook to cling on to relevance.

The reason we have such ridiculous energy prices is because we are tied to energy production from gas. Change the system of pricing, not the system of production and our bills will be less. We're the only country in Europe that does this.

While those energy prices remain high then why wouldn’t she do it? It’s a smart play. Labour aren’t going to fix it, they’ve been bought by the energy companies. They’ll no doubt start talking up GB energy again for Scottish elections and we’ll all fall for it again. But until the UK public stop paying 3 and 4 times what other euro countries are paying for energy then it’s wide open for a populist.
In the 9 months since Labour got elected, is there one single thing you could say they have done that will bring energy prices down?


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[CropleyWasGod]

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Aren't they even going to bother to recover the money?

Now that guilt has been established, he can be chased under Proceeds of Crime legislation.

HMRC might also take him to Court, although I'm not sure who has preference.

[Jones28]

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While those energy prices remain high then why wouldn’t she do it? It’s a smart play. Labour aren’t going to fix it, they’ve been bought by the energy companies. They’ll no doubt start talking up GB energy again for Scottish elections and we’ll all fall for it again. But until the UK public stop paying 3 and 4 times what other euro countries are paying for energy then it’s wide open for a populist.
In the 9 months since Labour got elected, is there one single thing you could say they have done that will bring energy prices down?


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I just read an article that said it could take 20 years to fully implement GB Energy, so no I don't believe they have.

Still doesn't stop me from feeling she's playing pathetic, populist politics.

If we start fracking will the gas price come down? I don't think it will. It will stay high through some mechanism or other and energy companies will continue their profiteering practices.

[Ozyhibby]

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I just read an article that said it could take 20 years to fully implement GB Energy, so no I don't believe they have.

Still doesn't stop me from feeling she's playing pathetic, populist politics.

If we start fracking will the gas price come down? I don't think it will. It will stay high through some mechanism or other and energy companies will continue their profiteering practices.

I don’t disagree but she is offering a simple populist solution. It won’t matter if it works if all the Labour Party are offering is the status quo.
9 months in and I can’t think of a single thing they have done that will improve people’s lives day to day.


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[Bostonhibby]

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oh gawd, "frack, baby,frack"

does she have a yank accent now

Maybe we should give her a go at running the economy or even the entire country?

She really seems to know what she is talking about and clearly wouldn't have got us into the mess we are apparently in now if she'd been at the wheel earlier.

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[Jones28]

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I don’t disagree but she is offering a simple populist solution. It won’t matter if it works if all the Labour Party are offering is the status quo.
9 months in and I can’t think of a single thing they have done that will improve people’s lives day to day.


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I don't disagree with that. What I disagree with is the idea that anything this woman says should be taken seriously. I find it staggering she still has a platform anywhere, people give her money to speak to them. Why? She is totally inept and is almost single handedly responsible for tanking the economy.

With regards to Labour, I didn't vote for them and don't plan to at the Scottish elections but they're in the process of turning an oil tanker around. It will be interesting to see where we are in a years time.

[Ozyhibby]

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I don't disagree with that. What I disagree with is the idea that anything this woman says should be taken seriously. I find it staggering she still has a platform anywhere, people give her money to speak to them. Why? She is totally inept and is almost single handedly responsible for tanking the economy.

With regards to Labour, I didn't vote for them and don't plan to at the Scottish elections but they're in the process of turning an oil tanker around. It will be interesting to see where we are in a years time.

You say they are turning round an oil tanker? Have they even found the wheel yet? I’d have expected them to have started by now.


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[Jones28]

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You say they are turning round an oil tanker? Have they even found the wheel yet? I’d have expected them to have started by now.


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It's a slow process is all I'm saying. I don't think we understand how deeply damaging 14 years of Conservative rule has been.

Like I say, in a years time I'll look again. Nothing they've done so far has had a direct, negative effect on me. I don't mean to be an "I'm alright, Jack" type of statement, just that time is a factor. I'm listening to LBC and they're discussing benefit reform impacting budgets but not until 2029.

The Torys have been in power my whole voting life and I'm just relieved that they're out for now and I can give Labour some time before I start crucifying them.

[The_Exile]

Taxing wealth is the only way out of this. Wealth has accumulated with the super rich at the fastest rate the planet has ever seen. Cutting benefits for people at the bottom is frankly, pathetic. As much as we need to encourage people to work, what is the point in working? Seriously, what is the point in getting out of bed for peanuts? Not everyone can be a high achiever or a high earner, so what about the people that are earning a pittance? What have they got to look forward to? A life of servitude until lunchtime the day of their funeral, that's what. Tax wealth fairly, build houses, that's a start.

If you paid a quid, £1 in tax this year, then you paid more tax than the King did on his inhereted £10 billion. Only the Greens support a wealth tax, hopefully another party either takes that on or another new party emerges that supports a wealth tax. Politics needs to change. These red and blue parties are from a bygone age and should adapt, or die with these bygone values that have no place in a modern society.

[jamie_1875]

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You say they are turning round an oil tanker? Have they even found the wheel yet? I’d have expected them to have started by now.


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It is less than 12 months but I mean there are plenty of things they have done.

Ending the long running NHS strikes
Raising the minimum wage for low paid workers
The Employment Rights Bill strengthing workers rights
Restored NHS funding back to it's highest level since 2010
Record block grant settlement for Scotland
Launching housing and planning reforms
Public transport changes and £1BN to local buses with aim to cap fares at £3
£11.8BN to victims of the infected blood scandal
Billions to Ukraine
£500M to fix potholes

And there is more I could list but you get the point. As the previous poster said come back in 12-18 months as these things take time. And also the Scottish Parliament has control over many of the day to day things that will make a difference to peoples lives like the NHS and education and transport etc. It's not been without challenges but to suggest nothing has been done is just not the case when you look at the evidence.

[Kato]

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It is less than 12 months but I mean there are plenty of things they have done.

Ending the long running NHS strikes
Raising the minimum wage for low paid workers
The Employment Rights Bill strengthing workers rights
Restored NHS funding back to it's highest level since 2010
Record block grant settlement for Scotland
Launching housing and planning reforms
Public transport changes and £1BN to local buses with aim to cap fares at £3
£11.8BN to victims of the infected blood scandal
Billions to Ukraine
£500M to fix potholes

And there is more I could list but you get the point. As the previous poster said come back in 12-18 months as these things take time. And also the Scottish Parliament has control over many of the day to day things that will make a difference to peoples lives like the NHS and education and transport etc. It's not been without challenges but to suggest nothing has been done is just not the case when you look at the evidence.

I'll add in NHS waiting lists in England have decreased every month for the last 5 months.

It's a bit much to ask for some actual socialism from Starmers Labour, that just isn't going to happen but they haven't done nothing.

3billion to Thames Water yesterday but I doubt that's a good thing.

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[jamie_1875]

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Taxing wealth is the only way out of this. Wealth has accumulated with the super rich at the fastest rate the planet has ever seen. Cutting benefits for people at the bottom is frankly, pathetic. As much as we need to encourage people to work, what is the point in working? Seriously, what is the point in getting out of bed for peanuts? Not everyone can be a high achiever or a high earner, so what about the people that are earning a pittance? What have they got to look forward to? A life of servitude until lunchtime the day of their funeral, that's what. Tax wealth fairly, build houses, that's a start.

If you paid a quid, £1 in tax this year, then you paid more tax than the King did on his inhereted £10 billion. Only the Greens support a wealth tax, hopefully another party either takes that on or another new party emerges that supports a wealth tax. Politics needs to change. These red and blue parties are from a bygone age and should adapt, or die with these bygone values that have no place in a modern society.

Working is also good for your mental health and the knock on impacts are it potentially reduces the strain on the NHS and so on, there are non monetary benefits to working.

As for the Wealth Tax then it always comes up but is always lacking in any kind of detail. For example someone has shares in a private unlisted company, who values those shares and on what basis? What if they are held in some offshore trust so the ownership is actually really difficult to determine. Do we employ a whole new department in HMRC whose only job is to investigate this stuff, how would they come up with a fair valuation? What if someone has an art collection, how is that being valued and again who is agreeing a fair valuation, is HMRC now having to employ art specialists? If you have a large pension that's invested then the value changes daily, imagine if you owned Tesla shares a few months ago, they are worth less than half of what they were worth.

Maybe the costs will outweigh the benefits and it should be looked at but it it's one of those thing's that sounds great in theory but I have struggled to see any workable solutions with sufficient details, it looks like a very inefficient way of collecting tax from those that can probably afford the best lawyers and advisors to make it as difficult as possible.

Edit - does it work anywhere else? A model we can copy?

[CropleyWasGod]

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Working is also good for your mental health and the knock on impacts are it potentially reduces the strain on the NHS and so on, there are non monetary benefits to working.

As for the Wealth Tax then it always comes up but is always lacking in any kind of detail. For example someone has shares in a private unlisted company, who values those shares and on what basis? What if they are held in some offshore trust so the ownership is actually really difficult to determine. Do we employ a whole new department in HMRC whose only job is to investigate this stuff, how would they come up with a fair valuation? What if someone has an art collection, how is that being valued and again who is agreeing a fair valuation, is HMRC now having to employ art specialists? If you have a large pension that's invested then the value changes daily, imagine if you owned Tesla shares a few months ago, they are worth less than half of what they were worth.

Maybe the costs will outweigh the benefits and it should be looked at but it it's one of those thing's that sounds great in theory but I have struggled to see any workable solutions with sufficient details, it looks like a very inefficient way of collecting tax from those that can probably afford the best lawyers and advisors to make it as difficult as possible.

You're also forgetting the fundamental issue of a Wealth Tax. How do you get cash out of someone whose wealth is based on non-cash assets?

[lapsedhibee]

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You're also forgetting the fundamental issue of a Wealth Tax. How do you get cash out of someone whose wealth is based on non-cash assets?

Wouldn't it be assumed that some of the non-cash assets would have to be turned in to cash, as already happens, sometimes, in the collection of that existing wealth tax, IHT?

[CropleyWasGod]

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Wouldn't it be assumed that some of the non-cash assets would have to be turned in to cash, as already happens, sometimes, in the collection of that existing wealth tax, IHT?

Perhaps, but that's a slippery slope in itself.

You sell the (income-producing) shares or property to pay the Wealth Tax. That means that you have less income the following year, hence less tax.

Has the Wealth Tax collection been enough to cover the loss of Income/Corporation Tax?

[lapsedhibee]

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Perhaps, but that's a slippery slope in itself.

You sell the (income-producing) shares or property to pay the Wealth Tax. That means that you have less income the following year, hence less tax.

Has the Wealth Tax collection been enough to cover the loss of Income/Corporation Tax?

Let's hope all the new sojers that a Wealth Tax would be designed to fund are well enough paid to be contributing loadsnloads of new IT.

[grunt]

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Now that guilt has been established, he can be chased under Proceeds of Crime legislation.

HMRC might also take him to Court, although I'm not sure who has preference.

Look, all I really want to know is will there be blue tents?

[Moulin Yarns]

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It is less than 12 months but I mean there are plenty of things they have done.

Ending the long running NHS strikes
Raising the minimum wage for low paid workers
The Employment Rights Bill strengthing workers rights
Restored NHS funding back to it's highest level since 2010
Record block grant settlement for Scotland
Launching housing and planning reforms
Public transport changes and £1BN to local buses with aim to cap fares at £3
£11.8BN to victims of the infected blood scandal
Billions to Ukraine
£500M to fix potholes

And there is more I could list but you get the point. As the previous poster said come back in 12-18 months as these things take time. And also the Scottish Parliament has control over many of the day to day things that will make a difference to peoples lives like the NHS and education and transport etc. It's not been without challenges but to suggest nothing has been done is just not the case when you look at the evidence.

Removed winter fuel allowance for pensioners

U turned on WASPI women

Done nothing to reduce fuel costs for everyone despite promising £300 reduction

[Ozyhibby]

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Perhaps, but that's a slippery slope in itself.

You sell the (income-producing) shares or property to pay the Wealth Tax. That means that you have less income the following year, hence less tax.

Has the Wealth Tax collection been enough to cover the loss of Income/Corporation Tax?

Wealth taxes are difficult but not impossible. Trick is likely to keep the percentage low. Spain, France and Norway all have one although slightly different.
The huge rise in asset prices since 2008 means that it needs to be done though or we are heading for trouble.


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[jamie_1875]

https://www.theguardian.com/world/20...rises-slightly

"A record number of super-rich Norwegians are abandoning Norway for low-tax countries after the centre-left government increased wealth taxes to 1.1%.

More than 30 Norwegian billionaires and multimillionaires left Norway in 2022, according to research by the newspaper Dagens Naeringsliv. This was more than the total number of super-rich people who left the country during the previous 13 years, it added. Even more super-rich individuals are expected to leave this year because of the increase in wealth tax in November, costing the government tens of millions in lost tax receipts"

[Ozyhibby]

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https://www.theguardian.com/world/20...rises-slightly

"A record number of super-rich Norwegians are abandoning Norway for low-tax countries after the centre-left government increased wealth taxes to 1.1%.

More than 30 Norwegian billionaires and multimillionaires left Norway in 2022, according to research by the newspaper Dagens Naeringsliv. This was more than the total number of super-rich people who left the country during the previous 13 years, it added. Even more super-rich individuals are expected to leave this year because of the increase in wealth tax in November, costing the government tens of millions in lost tax receipts"

A level below 1% would be favourable.


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[Moulin Yarns]

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https://www.theguardian.com/world/20...rises-slightly

"A record number of super-rich Norwegians are abandoning Norway for low-tax countries after the centre-left government increased wealth taxes to 1.1%.

More than 30 Norwegian billionaires and multimillionaires left Norway in 2022, according to research by the newspaper Dagens Naeringsliv. This was more than the total number of super-rich people who left the country during the previous 13 years, it added. Even more super-rich individuals are expected to leave this year because of the increase in wealth tax in November, costing the government tens of millions in lost tax receipts"

The truth about Norways wealth tax



Wealth taxes

Individuals pay both municipal wealth tax and state wealth tax.

The municipal wealth tax rate is 0.525% and is calculated based on global assets exceeding a net threshold of NOK 1,760,000 for single/not married taxpayers and NOK 3,520,000 for spouses.

The state wealth tax rate is 0.475% and is calculated based on assets exceeding a net capital tax basis of NOK 1,760,000 for single/not married taxpayers and NOK 3,520,000 for spouses. For net wealth in excess of NOK 20,700,000, the rate is 0,575%.

Thus, the maximum wealth tax rate is 1.1%.

That is for those who are worth over £1.5m

Happy to help. 😉

[jamie_1875]

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The truth about Norways wealth tax



Wealth taxes

Individuals pay both municipal wealth tax and state wealth tax.

The municipal wealth tax rate is 0.525% and is calculated based on global assets exceeding a net threshold of NOK 1,760,000 for single/not married taxpayers and NOK 3,520,000 for spouses.

The state wealth tax rate is 0.475% and is calculated based on assets exceeding a net capital tax basis of NOK 1,760,000 for single/not married taxpayers and NOK 3,520,000 for spouses. For net wealth in excess of NOK 20,700,000, the rate is 0,575%.

Thus, the maximum wealth tax rate is 1.1%.

That is for those who are worth over £1.5m

Happy to help. 😉

What do you mean the truth? The truth is they have lost tax revenue as a result.

"In 2022 Norway increased wealth tax to 1.1%, expected to bring in an additional $146M annual tax revenue.

Individuals with a net worth of $54B left the country, led to a $594M loss in annaul tax revenue.

A net decrease of $448M+"

What did you mean by the truth? Was the Guardian article incorrect, if so where?

https://www.brusselsreport.eu/2024/09/11/the-failure-of-norways-wealth-tax-hike-as-a-warning-signal/