Albert Tatlock Posted May 22 Share Posted May 22 Forthcoming UK election...Should the island start worrying about a potential change to the current VAT agreement? Labour have form on these demands! This could potentially pale this years tax rise to insignificance. 1 Quote Link to comment Share on other sites More sharing options...
Gladys Posted May 22 Share Posted May 22 10 minutes ago, Albert Tatlock said: Forthcoming UK election...Should the island start worrying about a potential change to the current VAT agreement? Labour have form on these demands! This could potentially pale this years tax rise to insignificance. Yes, but of course Treasury have considered this, done a SWOT analysis and are prepared. Gosh, that was a low flying pig that just went by. 6 4 Quote Link to comment Share on other sites More sharing options...
Albert Tatlock Posted May 22 Author Share Posted May 22 22 minutes ago, Gladys said: Yes, but of course Treasury have considered this, done a SWOT analysis and are prepared.. Self interest What's in it for us? Objective- government pensions T... Quote Link to comment Share on other sites More sharing options...
Hairy Poppins Posted May 22 Share Posted May 22 I actually wonder whether we'll see an increase to 21% or 22% VAT. They're going to have to find the money to repair all the damage done by 14 years of Conservative mismanagement. 2 Quote Link to comment Share on other sites More sharing options...
woolley Posted May 22 Share Posted May 22 Sir Humphrey will tell them that the City needs them to look after the tax havens. Anyway, the system now is supposed to be based on what we actually pay, isn't it? 1 Quote Link to comment Share on other sites More sharing options...
woolley Posted May 22 Share Posted May 22 1 minute ago, Hairy Poppins said: I actually wonder whether we'll see an increase to 21% or 22% VAT. They're going to have to find the money to repair all the damage done by 14 years of Conservative mismanagement. How very non-progressive and unsocialist. 2 Quote Link to comment Share on other sites More sharing options...
Hairy Poppins Posted May 22 Share Posted May 22 1 minute ago, woolley said: How very non-progressive and unsocialist. Whoever takes power will have the same issues. As much as I hate taxation, the problems are large and hard to solve. Certainly throwing money at them isn't the answer, but the solutions will need to be properly funded. Quote Link to comment Share on other sites More sharing options...
woolley Posted May 22 Share Posted May 22 11 minutes ago, Hairy Poppins said: Whoever takes power will have the same issues. As much as I hate taxation, the problems are large and hard to solve. Certainly throwing money at them isn't the answer, but the solutions will need to be properly funded. Yes, indeed. Surely a "Labour" government would be expected not to do so through a tax which hits the poorest hardest, though. Quote Link to comment Share on other sites More sharing options...
La Colombe Posted May 23 Share Posted May 23 This is indeed a fascinating local news story. Amazing. If a little light on actual news. 2 1 Quote Link to comment Share on other sites More sharing options...
asitis Posted May 23 Share Posted May 23 5 hours ago, Hairy Poppins said: Whoever takes power will have the same issues. As much as I hate taxation, the problems are large and hard to solve. Certainly throwing money at them isn't the answer, but the solutions will need to be properly funded. The island has been properly funded for years, what is has also been is fiscally mismanaged ! 6 Quote Link to comment Share on other sites More sharing options...
emesde Posted May 23 Share Posted May 23 4 hours ago, La Colombe said: This is indeed a fascinating local news story. Amazing. If a little light on actual news. It maybe in time if it causes some HNW individuals to move here from the UK . 1 Quote Link to comment Share on other sites More sharing options...
2112 Posted May 23 Share Posted May 23 9 hours ago, Albert Tatlock said: Forthcoming UK election...Should the island start worrying about a potential change to the current VAT agreement? Labour have form on these demands! This could potentially pale this years tax rise to insignificance. They also have form on wanting to scrap the reciprocal health agreement 1 Quote Link to comment Share on other sites More sharing options...
Non-Believer Posted May 23 Share Posted May 23 Short of nuclear war, it might be the only thing that stops expansion of our Govt... 1 Quote Link to comment Share on other sites More sharing options...
Ham_N_Eggs Posted May 23 Share Posted May 23 9 hours ago, Hairy Poppins said: I actually wonder whether we'll see an increase to 21% or 22% VAT. They're going to have to find the money to repair all the damage done by 14 years of Conservative mismanagement. There is a magic money tree for that: Government borrowing. Quote Link to comment Share on other sites More sharing options...
Declan Posted May 23 Share Posted May 23 11 hours ago, Albert Tatlock said: Forthcoming UK election...Should the island start worrying about a potential change to the current VAT agreement? Labour have form on these demands! This could potentially pale this years tax rise to insignificance. However, there was this sort of talk in the run up to the 1997 election, it wasn't until 2008 that they acted. That agreement was manifestly overgenerous and our government was swagging around saying how brilliant they were keeping tax low. The agreement is now based on what we actually spend so is there even scope for them to renegotiate? Quote Link to comment Share on other sites More sharing options...
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