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Thread: What would you do if you were made the Prime Minister of your country?

  1. #61
    Eyes not spreadsheets marc71178's Avatar
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    Not sure what we've had just yet, but if you want substantial tax increases I feel it should be Corporation Tax that is increased.
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  2. #62
    Cricket Web Staff Member / Global Moderator Neil Pickup's Avatar
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    And NOT National Insurance like this!

    Socialist government my ****!!!

    Nothing earnt over £20,615 will be further affected. That really helps the less well off doesn't it.

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  3. #63
    Eyes not spreadsheets marc71178's Avatar
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    I think NI will go up from next Tax Year for all values in employers cases.

    It was always going to be hard to raise tax levels this year owing to the date of the budget being after the start of the year, owing to unfortunate circumstances which are FAR more important. From what I read, those of us who are contracted out of SERPS don't do too badly out of it though.

  4. #64
    Cricket Web Staff Member / Global Moderator Neil Pickup's Avatar
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    Hmm, from what else I've read over the last two days the budget seems a lot better than it did at first.

    But if they got rid of the élitist divisive inequality-enhancing NI ceiling it would be far, far better


  5. #65
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    Could you two stop arguing please!
    There's only one Darren Gough!

  6. #66
    U19 Cricketer
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    Could you two stop arguing please!

  7. #67
    Cricket Web Staff Member / Global Moderator Neil Pickup's Avatar
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    Why? I like arguing! (Or participating in constructive discussion, as it's worded in the National Curriculum.)

  8. #68
    Eyes not spreadsheets marc71178's Avatar
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    Besides this isn't an argument yet, it's discussion.

    The NI ceiling going up isn't a bad thing IMO, but the number of companies that will now make around £9,500 profit per annum will cause a rethink in that change I believe.

    I still think Corporation Tax is the thing that should be increased.

  9. #69
    All Time Legend Paid The Umpire's Avatar
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    Just a second:

    Is this the 5 minute arguement or the full course of 10?

  10. #70
    Cricket Web Staff Member / Global Moderator Neil Pickup's Avatar
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    And for once (well, I think that's three times in one week now), I will agree.

    But it won't, because Labour are too far up big businesses to take any action about massive profits, obscene pay rises etc...

  11. #71
    Eyes not spreadsheets marc71178's Avatar
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    Which seems a little strange.

    How about introducing a new CT band of 40% on all profits for those that don't give at least £100,000 per annum to the Labour Party?

  12. #72
    Cricket Web Staff Member / Global Moderator Neil Pickup's Avatar
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    Or for all profits over £50,000.

    On a separate point, the French Elections are not good. Le Pen is a fascist and he cannot be allowed to win.

  13. #73
    Eyes not spreadsheets marc71178's Avatar
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    Over £50,000 is very harsh to make a 40% band indeed. That would reduce enterprise as people see it as giving all the cash they make to the government. But 40% on all over say £2,000,000 would be interesting. At the moment the top band is 30% for over £1,500,000 - regardless of whether it's £1,500,001 or £150,000,000!

  14. #74
    Cricket Web Staff Member / Global Moderator Neil Pickup's Avatar
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    That probably is too harsh. The system needs to be made purely progressive and not up/down as it is now

    (£150k-£1.5m) = 32.75%
    (£1.5m+) = 30%

    That is definitely wrong!

  15. #75
    Eyes not spreadsheets marc71178's Avatar
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    It is wrong actually (what you put that is), that is the marginal relief formula which relies on calculating 20% of the first £150,000. What it does is to gradually scale the profits from £150k to £1.5m rather than have a huge jump (just imagine being taxed 20% on £1,499,999, or 30% on £1,500,000 - earning an extra £1 would cost the business £150,000.02!!!)

    There's also one between £10k and £50k.


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