With the G20 making noises about taxing the rich, there's quite a bit of commentary suggesting the tide may be changing on how we treat the super-rich... but at the same time we also know that a number of low tax countries have been 'putting out their wares' to attract those fleeing such (purported) developments....
will anything really change?
the cynic in me thinks any changes will be marginal & incremental.
The rich remain the most dangerous minority!
#politics
theguardian.com/news/article/2…
No more fiscal favours? Calls to tax super-rich gain traction around world
Even rightwing governments are joining in with G20-led push to make wealthy pay, with Italy doubling flat tax on foreign incomePhillip Inman (The Guardian)
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Nini
in reply to Emeritus Prof Christopher May • • •uoou
in reply to Emeritus Prof Christopher May • • •I’m inexpert so this is just a kinda gut response.
But I assume the revenues we’d get from taxing the super-rich would be significantly less than what we’d get from increasing corporation taxes and closing tax loopholes?
If so, I suspect that’s why the tide may be turning on this.
Emeritus Prof Christopher May
in reply to uoou • • •@uoou
yes, that's an interesting point - much depends on the efficacy of capturing taxes from the super-rich & the rates levied - but in the end on a global level, you'd be right I'm sure.... that said there is also work undergoing at OECD & UN to move to a tighter global corporate tax regime...
Christine Burns MBE 🏳️⚧️📚⧖
in reply to Emeritus Prof Christopher May • • •Emeritus Prof Christopher May reshared this.
Richard Knott
in reply to Christine Burns MBE 🏳️⚧️📚⧖ • • •Pre Thatcher upper income tax rate return wouldn’t go amiss
Estarriol, Cat owned Dragon
in reply to Christine Burns MBE 🏳️⚧️📚⧖ • • •Christine Burns MBE 🏳️⚧️📚⧖
in reply to Estarriol, Cat owned Dragon • • •Mike reshared this.
Estarriol, Cat owned Dragon
in reply to Christine Burns MBE 🏳️⚧️📚⧖ • • •@christineburns fleets of seagulls divebombing.
The Orcas are doing well, their test programme is a success and they are now ramping it up they have told me.
Christine Burns MBE 🏳️⚧️📚⧖
in reply to Estarriol, Cat owned Dragon • • •Christine Burns MBE 🏳️⚧️📚⧖
in reply to Christine Burns MBE 🏳️⚧️📚⧖ • • •Estarriol, Cat owned Dragon
in reply to Christine Burns MBE 🏳️⚧️📚⧖ • • •@christineburns @goatsarah I have spoken to my contact, they will do their best.
Cetaceans Rule!
Sarah Brown
in reply to Christine Burns MBE 🏳️⚧️📚⧖ • •like this
Estarriol, Cat owned Dragon, HarriettMB., Herr Reis, Christine Burns MBE 🏳️⚧️📚⧖ and Emeritus Prof Christopher May like this.
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Estarriol, Cat owned Dragon
in reply to Sarah Brown • • •they were practising......
Sarah Brown
in reply to Estarriol, Cat owned Dragon • •@Estarriol, Cat owned Dragon @Christine Burns MBE 🏳️⚧️📚⧖ @Emeritus Prof Christopher May The big ones use vectored thrust from propellers to steer.
They’ll get diced if they try, so they just stick to going after hobbyist sailors and Moroccan fishermen.
like this
Herr Reis and Christine Burns MBE 🏳️⚧️📚⧖ like this.
Estarriol, Cat owned Dragon
in reply to Sarah Brown • • •they are practising at hitting the nose nozzles they use for vectorected steering in harbour.
Rachel Greenham
in reply to Emeritus Prof Christopher May • • •@christineburns the trick is in calling their bluff. if they want to go live in a gated community in a place that's falling apart because it can't raise tax revenue they can stay here... no, i mean, they can go there.
The millionaires and billionaires that would leave, we can do without. by definition.
michellelaverickmusic
in reply to Emeritus Prof Christopher May • • •Sarah Brown likes this.
Axel Foley
in reply to Emeritus Prof Christopher May • • •