"Emergency Budget" scares the shit out of me
I expect more price rises (possible increase in VAT)
( Colonel Dracula Two manky hookers and a racist dwarf, Wed 12 May 2010, 15:36, 2 replies, latest was 16 years ago)

I expect it to be a 20% VAT
and maybe some changes to Income Tax/national insurance banding, but not actual rates.
(PsychoChomp, Wed 12 May 2010, 15:41, Reply)

Yes, I call it "Rearranging the chairs on the deck of the Titanic"
Basic rate goes down, National Insurance goes up, higher-rate band drops, personal allowance stays the same...
( Colonel Dracula Two manky hookers and a racist dwarf, Wed 12 May 2010, 15:44, Reply)

Changing tax rates is a sledge hammer though
It's too early to make radical changes on that bit.
(PsychoChomp, Wed 12 May 2010, 15:48, Reply)

I hope you're right
because I don't like the sound of that "Emergency" in the "Emergency Budget"
( Colonel Dracula Two manky hookers and a racist dwarf, Wed 12 May 2010, 15:50, Reply)

Yeah
I think 20% VAT has been in the pipeline for a while..
( whenanimalsattackhumans clad in global hypercolour, Wed 12 May 2010, 15:45, Reply)

VAT changes have been shown to hit poorer familes hardest
Not sure why this is, but VAT is on so many small things and not just larger purchases.
( Naked Ape call me Caitlyn, Wed 12 May 2010, 15:56, Reply)

I don't understand tax
But they should tax only people I don't like. Take lots of money from rich fuckers, double if they have a history of using tax havens to avoid paying tax.

Yes, another naive but awesome idea from me.
( Labia Majora You keep on talking but it makes no sense at all, Wed 12 May 2010, 15:50, Reply)

Don't worry about it
i'm an accountant who has passed his "Advanced Tax" exam. I haven't got a fucking clue either.
( Colonel Dracula Two manky hookers and a racist dwarf, Wed 12 May 2010, 15:52, Reply)

There's just so damn many!
And I swear my Student Loan interest rates shift every time I get a pay rise, meaning despite chucking 1.5-2 grand a year for the last 5 years at the damn debt, I still owe about 8 grand out of the 10 I borrowed.
( Labia Majora You keep on talking but it makes no sense at all, Wed 12 May 2010, 15:56, Reply)

Who's that fucker who's being throwing money at the tories and not paying tax?
He needs cunting in the fuck.

Edit - Lord Ashcroft.
( girlinthehole, Wed 12 May 2010, 15:53, Reply)

I like Mark Thomas' idea
To get rid of one particular tax haven, by invading Jersey.
( Labia Majora You keep on talking but it makes no sense at all, Wed 12 May 2010, 15:55, Reply)

Threatening to nuke every tax haven could have some useful side effects.

(PsychoChomp, Wed 12 May 2010, 15:57, Reply)

it'd show that we still need trident at least

( Vipros. clever got me this far, then tricky got me in, Wed 12 May 2010, 15:58, Reply)

It could be a way to get rid of the nuclear waste when we scrap trident.

(PsychoChomp, Wed 12 May 2010, 15:59, Reply)

I don't know if you're being sarcastic or not
But I'm PUMPED for invading tax havens. I'm going to start putting some woad on right now.
( Labia Majora You keep on talking but it makes no sense at all, Wed 12 May 2010, 15:59, Reply)

I think it's a great idea.
"Oh you want to put all your money and stuff in a tax haven? Want to live there every so often. Well just so you know we're going to nuke them when we get round to it, just a warning"
(PsychoChomp, Wed 12 May 2010, 16:01, Reply)

but if you get rich you'll be well annoyed about the 50% tax rate
and the capital gains tax.
( Kitty v1.0 desperately naive, Wed 12 May 2010, 16:45, Reply)