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UK TAX 17.5% to 20%

Discussion in 'Making Money' started by ruworth, Jun 22, 2010.

  1. ruworth

    ruworth BANNED BANNED

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    What do you think of the latest Tax rise that takes effect on the 4th Jan 2011, 17.5% to 20% i personally think that is steep.

    It looks like making money if going to get alot harder :(
     
  2. meathead1234

    meathead1234 Moderator Staff Member Moderator Premium Member

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    Was a good move. Well needed if we are going to get out of this mess before I'm 30!

    I'd rather VAT go up than capital gains. How does a 2.5% rise in VAT make money making harder?
     
  3. yuyo

    yuyo Regular Member

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    fucking expensive my local sales tax is 7.5....
     
  4. antsaoo

    antsaoo Supreme Member

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    Here we will have VAT increase too. IMO its not that bad really but. Its pretty bad in the way it will affect more for the poor people than tax raise for earnings or gains from stocks. But im not the one who decides =o
     
  5. graphicnut

    graphicnut Supreme Member

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    it wont effect ur money making if your selling physical you may have slight drop in sales due to price rise but i doubt you will notice much change.
     
  6. easyeuros

    easyeuros Newbie

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    only a few more percentages
     
  7. Cyber Nuts Picker

    Cyber Nuts Picker Newbie

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    I was going to open some business in the UK but I didn't liked high enough taxation, now it's even worse. I consider Ireland. Brits are digging harder and harder their economical grave.
     
  8. niche1

    niche1 Jr. VIP Jr. VIP Premium Member

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    OUCH!

    Is raising taxes really the best option?

    God bless you guys/gals in the UK........we all have to stay positive around the world and keep working to make things better.

    Still, not sure how raising taxes stimulates business to grow the economy.
     
  9. ssellers

    ssellers Regular Member

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    Damnnnn, that is rough.
    I feel for you guys over there that will be shelling out that can of cash for taxes
     
  10. Italian Hawk

    Italian Hawk Power Member

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    Does an increase in the tax percent decrease or increase the value of a UK dollar?