Things that annoy you (13 Viewers)

[shmmeee]

I think they need to be a bit careful here. At the end of the day, it's a government bond, currently holding approx £132 BILLION of OUR money. If they started taxing the income and everyone withdrew it to a high interest rate bank account, there would be an even bigger "black hole" in the country's finances!

that’s only saving a few hundred million in interest compared to other lending methods. Hardly a black hole.

 

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[Mcbean]

I think they need to be a bit careful here. At the end of the day, it's a government bond, currently holding approx £132 BILLION of OUR money. If they started taxing the income and everyone withdrew it to a high interest rate bank account, there would be an even bigger "black hole" in the country's finances!

I think before they do this there are several other low hanging fruit that Theeves can plunder - I agree it would be a big mistake for them to tackle pbs

 

[shmmeee]

I think before they do this there are several other low hanging fruit that Theeves can plunder - I agree it would be a big mistake for them to tackle pbs

Firstly there’s nothing online about this. This is entirely invented in this thread. Secondly again PBs have an absolutely tiny, rounding error effect on the government finances. They’re a fun product for people who don’t want to invest properly. They aren’t propping up the UK economy

 

[Mcbean]

Firstly there’s nothing online about this. This is entirely invented in this thread. Secondly again PBs have an absolutely tiny, rounding error effect on the government finances. They’re a fun product for people who don’t want to invest properly. They aren’t propping up the UK economy

It’s true - post creep but I can tell you that standing money earning interest does attract the tax robbing bastards so any wins are immediately spent in our household just as a matter of principle ! The rich people didn’t get rich giving anything to the taxman

 

[shmmeee]

It’s true - post creep but I can tell you that standing money earning interest does attract the tax robbing bastards so any wins are immediately spent in our household just as a matter of principle ! The rich people didn’t get rich giving anything to the taxman

Disgusting attitude TBQH. Taxes are the subscription fee of a civilised society. I’ll expect no complaints about public service quality or the number of immigrants from you if you’re a tax dodger.

 

[StrettoBoy]

Disgusting attitude TBQH. Taxes are the subscription fee of a civilised society. I’ll expect no complaints about public service quality or the number of immigrants from you if you’re a tax dodger.

But if @Mcbean spends his money rather than saving it - as is his right - and being taxed on the interest or capital gain then he isn't dodging tax because he will be paying VAT on most of what he buys.

 

[Mcbean]

Disgusting attitude TBQH. Taxes are the subscription fee of a civilised society. I’ll expect no complaints about public service quality or the number of immigrants from you if you’re a tax dodger.

I’m not avoiding tax im spending the money immediately- SB dead right now- it’s called planning not to give the theiving bastards their fiscal drag opportunities with my money

 

[StrettoBoy]

The thing about governments and tax is that, just like colorectal sugeons, whatever you do they always get you in the end.

 

[OffenhamSkyBlue]

Disgusting attitude TBQH. Taxes are the subscription fee of a civilised society. I’ll expect no complaints about public service quality or the number of immigrants from you if you’re a tax dodger.

If there is a "system" which has a defined scope of exemptions, etc., then i would fully expect people to be able to benefit from it as far as possible, within the legal boundaries of said system. One example is that pension contributions are exempt from income tax, so if you have savings from earnings (on which you have already paid tax) and you pay these into a pension scheme, you are entitled (because the law says so) to get tax relief on it. This is one of many ways where people can be tax efficient without resorting illegal evasion or avoidance methods. The civilised society has set these boundaries, so exploiting them is not a disgusting attitude.

 

[shmmeee]

If there is a "system" which has a defined scope of exemptions, etc., then i would fully expect people to be able to benefit from it as far as possible, within the legal boundaries of said system. One example is that pension contributions are exempt from income tax, so if you have savings from earnings (on which you have already paid tax) and you pay these into a pension scheme, you are entitled (because the law says so) to get tax relief on it. This is one of many ways where people can be tax efficient without resorting illegal evasion or avoidance methods. The civilised society has set these boundaries, so exploiting them is not a disgusting attitude.

Using the system is fine. Having a personal ethos to take as much as possible and give as little as possible to the public purse is disgusting IMO.