- Oct 12, 2022
- 2,690
No I don't agree it will get improved at all. If you have a break even business and the government announce they're getting an extra 20% in tax from you, they don't equate the cost of you going tits up snd then costing even more money. And not only do they get an extra 20% of f**k all, you now cost them.
There's no argument against your first statement that state schools require more funding, but the aspiration tax of VAT on private schools will end up being a bigger burden on the state than leaving it alone in a few years from now.
Just wait and see. Greece decision is entirely relevant, nobody is talking about the wider differences of our system and theirs, of course their tax system is rubbish. (And its not only Greece that did it and it failed).
It's more simplistic, Labour take the numbers as they are today and assume by adding tax everything else stays the same in which case your sums work, but they don't stay the same and private schools going to the wall of which many will isn't part of the back of a fag packet policy that will cost billions not raise it.
It's a class warfare tax.
Schools need proper funding of course, this isn't the way to do it.
Um, you’re taxed on profits, so if you have a breakeven business you’re not getting taxed on £0.