what are you classing as rich?
The only expectation I have on the rich is that they pay the tax that they are supposed to, irrespective of the amount. There was a report this morning that the richest 60 people in this country paid something like £3bn in income tax last year. If that is the correct amount that they should have paid then all's good.
Amount UK's richest pay in income tax revealed
There is some concern tax rises in the Budget could prompt an exit of the super-rich, hurting UK finances.www.bbc.co.uk
Tax avoidance isn’t illegal, Tax evasion is.I think that’s a very fair point. Tax mitigation means minimising one’s tax within the rules. If that enables the super rich to pay less tax than the HMRC would like, then change the rules. Tax avoidance, however, is illegal and the rules should be enforced.
Tax avoidance isn’t illegal, Tax evasion is.
Time for a wealth tax.
Nobody should be worth 8 figures or more and be subjected to more or less the same taxes as the rest of us.
I think you mean tax evasion as tax avoidance is legalI think that’s a very fair point. Tax mitigation means minimising one’s tax within the rules. If that enables the super rich to pay less tax than the HMRC would like, then change the rules. Tax avoidance, however, is illegal and the rules should be enforced.
Ah, so when you said you wanted to eat human flesh, what you really meant is “I want to be rich”.Yes I expect them to be eaten by the poor but it never happens.