The 75 and ZT Owners Club Forums - View Single Post - Let's play

AndyN01 · 12th June 2019, 07:58

Just for fun (and I don't know if some of these are "legal" with international law....):

All persons who are in public office (i.e voted for by the public - councillors, MP's etc.) have their tax records open to the public for the 6 years before they take up office and for 6 years after the are voted out of office. They are in a position of power and privilege so they must be seen to uphold the highest standards.

Simplify the tax system -

If you "trade" in the UK you pay tax in the UK AND

The only tax is a "Turnover Tax" (at, say, 1%). No allowances, no offsets, no transferring a "loss" from one company against a "profit" from another, no expenses, nothing. You pay (say 1%) on the money through the till.

Personal tax threshold set at 10% above the national minimum wage (for ease of example say £9/hour x 40 hour week x 48 weeks/year = £17280 + 10% = £19008.) This releases the tax burden on the "lower" paid and removes a huge amount of work for HMRC so they can concentrate of "bigger" issues.

Andy.

12th June 2019, 07:58	#18
AndyN01 This is my second home Toyota RAV4 Join Date: Jun 2017 Location: Tamworth Posts: 3,076 Thanks: 2,478 Thanked 1,579 Times in 968 Posts	Just for fun (and I don't know if some of these are "legal" with international law....): All persons who are in public office (i.e voted for by the public - councillors, MP's etc.) have their tax records open to the public for the 6 years before they take up office and for 6 years after the are voted out of office. They are in a position of power and privilege so they must be seen to uphold the highest standards. Simplify the tax system - If you "trade" in the UK you pay tax in the UK AND The only tax is a "Turnover Tax" (at, say, 1%). No allowances, no offsets, no transferring a "loss" from one company against a "profit" from another, no expenses, nothing. You pay (say 1%) on the money through the till. Personal tax threshold set at 10% above the national minimum wage (for ease of example say £9/hour x 40 hour week x 48 weeks/year = £17280 + 10% = £19008.) This releases the tax burden on the "lower" paid and removes a huge amount of work for HMRC so they can concentrate of "bigger" issues. Andy.