zlacker

>>fortra+(OP)
The British government closed this loophole because it's politically easier than the strategy which is actually needed: properly taxing assets.

This is much harder to evade - if you own most of Mayfair, you can't just move your assets elsewhere - they are very clearly tied to the location.

Of course, this would mean taxing powerful aristocrats, including the royal family. With their large majority, the British government had the opportunity to do this, but decided to take an easier path. The reason why this path was easier is now becoming clear to them.

>>bashto+T2
The real solution to the UK’s stagnation is accepting the truly politically difficult truth - the UK is getting poorer, year after year. The empire is long dead and gone, and their number 1 growth company and success story of the last decade is OnlyFans, a global smut purveyor.

The UK needs to radically reduce its social safety net and simultaneously cut taxes, at least for new companies and small businesses. The only way out is real, sustained, long term growth and innovation. Stealing ever more of a shrinking pie is already running out of steam.

>>monero+m5
Privatisation and attacking social security does not work, it just makes the wealthy even wealthier.

Not the solution is fair taxation every trade made in the country, if you make business in a country you need pay taxes there for the transactiona made there.

Otherwise you just extract value out of the country, without giving back.

To me there is no worse thievery than tax evasion, it's literally robing a nation.

>>grimbl+Of1
The US continues to be a magnet for entrepreneurs around the world. We just increased the max amount for 0% tax rate for successful startup investments to $15 million in profit (lookup up QSBS expansion). Our pie is so incredibly large, and growing, that we can tax a small percent of income to provide a very large safety net.

This takes a long time to get - you have to sacrifice now to get the future growth