Banker Posted February 4 Share Posted February 4 9 hours ago, Anyone said: The 20% headline tax rate is a bit of a sacred cow hence the slow creep of all other ‘taxes’ such as rates. At some point , if the island wants to maintain a decent level of public services then taxes will have to go up. Income tax is the obvious one as the imposition of other forms ( CGT and IHT for example ) would be politically problematic and would need beefing up of resources in the tax office. Expect the tax take from higher earners to increase this year plus maybe NI and some new taxes , AA is announcing new strategy February Tynwald, 1 Quote Link to comment Share on other sites More sharing options...
Non-Believer Posted February 4 Share Posted February 4 We don't need more new taxes. We need less squandering of the take from the existing ones and full democratic and prudent control of Govt numbers and expenditure. Good fiscal housekeeping is a long forgotten art on this Island. 7 4 1 Quote Link to comment Share on other sites More sharing options...
Banker Posted February 4 Share Posted February 4 4 hours ago, Non-Believer said: We don't need more new taxes. We need less squandering of the take from the existing ones and full democratic and prudent control of Govt numbers and expenditure. Good fiscal housekeeping is a long forgotten art on this Island. Well you’re getting them!, Quote Link to comment Share on other sites More sharing options...
Moghrey Mie Posted February 4 Share Posted February 4 You would hope that the combined brains of all members of Tynwald and the civil service could come up with a fair system of collecting and spending local taxes. What we have got is grossly unfair. 2 1 Quote Link to comment Share on other sites More sharing options...
Non-Believer Posted February 4 Share Posted February 4 13 minutes ago, Moghrey Mie said: You would hope that the combined brains of all members of Tynwald and the civil service could come up with a fair system of collecting and spending local taxes. What we have got is grossly unfair. There's a few problems right there. Firstly "combined brains" makes an assumption. Secondly, our very fiscal existence for years has been predicated on the basis that we should not tax individuals or concerns with the most money by the same sort of percentages that we tax everybody else. Instead, we rely on an annual VAT kickback from HMRC to fund our needs and meet any shortfall. Thirdly, for some time we have now been allowing expenditure to outstrip the revenue from these sources and we appear to be unable to control, let alone reduce this expenditure. Unless there can be a sea-change to the second and third points then the usual suspects will be in for a renewed taxation hammering. Quote Link to comment Share on other sites More sharing options...
genericUserName Posted February 4 Share Posted February 4 (edited) On 2/2/2024 at 3:06 PM, Nom de plume said: To hell in a handcart. This Government is slowly, correction, quickly killing this Island. Why we have parish commissioners & local authorities is beyond me in the first place. All of this bullshit should be centralised & the numbers shrank in conjunction with an all Island rate. What a sorry place this has become. The island is doing great. Most people are too busy working to moan. Because we have lower unemployment than at almost anytime since the late 1970s. And a greater number of families than ever own their own home. And nobody has to go to England and pick vegetables during the winter any longer. Or join the army and be sent to Ireland because they have no other options. Never had it so good. Edited February 4 by genericUserName Quote Link to comment Share on other sites More sharing options...
Gladys Posted February 5 Share Posted February 5 On 2/3/2024 at 2:21 PM, Mr Helmut Fromage said: Maybe review the YouTube video of the bin meeting at The Legion from memory 2 property companies spoke to say DBC hadn’t engaged with them despite telling them they had - that’s your starting point Are private, commercial landlords the best people to manage social housing? Quote Link to comment Share on other sites More sharing options...
HelmutX Posted February 5 Share Posted February 5 (edited) Well, I link: https://www.manxradio.com/news/isle-of-man-news/rates-increases-could-force-some-businesses-to-give-up/ I find it quite disgusting that in this article the Department of Enterprise says "...Through the Enterprise Support division, the Department may be able to provide access to free of charge independent Business Advisory services for any business which is seeking support." IT'S NOT FREE!!!!!!!! These increases are funding extra duties personnel and additional personnel. Without these increases then there would NOT be a need for these services!! These increases in fact increase salaries and employ more dead wood! These rate increases are a welfare tax (edit: welfare tax to employ the unemployable). Edited February 5 by HelmutX 1 1 Quote Link to comment Share on other sites More sharing options...
WTF Posted February 5 Share Posted February 5 30 minutes ago, HelmutX said: Well, I link: https://www.manxradio.com/news/isle-of-man-news/rates-increases-could-force-some-businesses-to-give-up/ I find it quite disgusting that in this article the Department of Enterprise says "...Through the Enterprise Support division, the Department may be able to provide access to free of charge independent Business Advisory services for any business which is seeking support." IT'S NOT FREE!!!!!!!! These increases are funding extra duties personnel and additional personnel. Without these increases then there would NOT be a need for these services!! These increases in fact increase salaries and employ more dead wood! These rate increases are a welfare tax (edit: welfare tax to employ the unemployable). the business advisory service probably exists already , made up from bankruptees who think they know where they went wrong. Quote Link to comment Share on other sites More sharing options...
Non-Believer Posted February 5 Share Posted February 5 (edited) Govt (and LAs) don't give a monkey's f*ck as long as they're getting their pound of flesh in revenue. They have no idea and no interest in what damage they are doing to the economy as long as they can show Treasury that they are bringing money in and try and say that their own jobs are justified. In the meantime, politicians who were voted to look after their electorate side with and support the parasite. Edited February 5 by Non-Believer Extra bit Quote Link to comment Share on other sites More sharing options...
WTF Posted February 5 Share Posted February 5 1 hour ago, Non-Believer said: In the meantime, politicians who were voted to look after their electorate side with and support the parasite. birds of a feather etc etc Quote Link to comment Share on other sites More sharing options...
mad_manx Posted February 5 Share Posted February 5 On 2/4/2024 at 7:08 AM, Banker said: Expect the tax take from higher earners to increase this year plus maybe NI and some new taxes , AA is announcing new strategy February Tynwald, Rumours of losing personal allowance at over 100k even if joint taxation .. Right now the threshold is 200k if its joint taxation. Quote Link to comment Share on other sites More sharing options...
HelmutX Posted February 5 Share Posted February 5 4 hours ago, WTF said: the business advisory service probably exists already , made up from bankruptees who think they know where they went wrong. Yup, made up of the unemployable! Quote Link to comment Share on other sites More sharing options...
Banker Posted February 5 Share Posted February 5 On 2/4/2024 at 3:17 PM, Moghrey Mie said: You would hope that the combined brains of all members of Tynwald and the civil service could come up with a fair system of collecting and spending local taxes. What we have got is grossly unfair. Well it’s been proposed but all the MHKs outside main towns will not support as they will lose rural vote as their rates are much less . Quote Link to comment Share on other sites More sharing options...
TheTeapot Posted February 5 Share Posted February 5 Here you go @Banker you can add your name to a requestion meeting demand and kick off Quote Link to comment Share on other sites More sharing options...
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