OG
That's nonsense, and you know it is but you wont admit as such because Tom said it.
Brexit, for once some facts.
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That's nonsense, and you know it is but you wont admit as such because Tom said it.
Possibly, but I don't (currently) think so. Greece for one doesn't have a good reputation for collecting tax and neither does Italy
This might help,unless you choose to rearrange the letters, and the numbers
A study quoted by the IMF suggests that between 1999 and 2010 the shadow economy in Greece made up 27% of the country's GDP - compared to an average of 20.2% in other rich countries.
That means that nearly one in four euros that potentially could be taxed in the country's economy simply weren't declared to the authorities, and the Greek government missed out on approximately 28bn euros ($31bn) of additional revenue each year.
But Richard Murphy, who has studied the size of the shadow economy in Europe, says Greece is not as bad as some of its neighbours.
"Greece has a problem but Bulgaria, and Romania are worst. Italy is up there alongside it. But it is an issue which has clearly contributed to the current Greek crisis," he says.
Shadow economy in 2009 (estimate)
Country Percentage of GDP
Greece 27.5
Italy 27.0
Germany 16.0
UK 12.5
Source: Tax Research UK
There is also evidence to suggest that the Greeks aren't very good at collecting taxes even outside the shadow economy.
In 2011, an OECD survey ranked Greece as one of the worst rich countries in the world at collecting VAT receipts and social security payments.
When the OECD had tried to do similar surveys between 2005 and 2009 they found that the data was simply "missing".
As part of any deal that will see Greece remain inside the Eurozone its international creditors are demanding that the Syriza government enacts a range of tax reforms.
This includes simplifying the VAT system, closing tax loopholes and creating an independent tax collection agency free from government interference.
But Greece's creditors have made similar demands before.
I,m just sat smiling...Nice one...
Mentioned on here before my business in France/ Spain became almost inoperable because of tax, rules,red tape basically folk putting barriers up. Have a good friend running almost same business in Greece, last year I questioned him about his tax situation...his reply..." What tax?" Pays one instalment annually, with no relation to how many charters he,s had...As long as he pays he doesn't get boats drifting off in middle of night ,which he used to, and no tax inspection...
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The last socialist government left office in 1979 so after 38 years of nothing but right-wing and extreme right-wing government, the UK is in fine fettle, a major trading power with a buoyant and burgeoning economy and strong currency. If only!
That must be the fault of the socialists, the immigrants, sick, disabled and those in social housing?
If I believed that, I'd be a completely worthless human being, otherwise known as a tory.
Tom
That must be the fault of the socialists, the immigrants, sick, disabled and those in social housing?
If I believed that, I'd be a completely worthless human being, otherwise known as a tory.
Tom
Don't think anyone is laying blame for position we are in, besides according to you we don't have any economic problems..
And you are doing what extreme left always do, just pretend 1997 etal never existed...that was Labour's doing...
.. are we into the seven dwarfs now?
.. and they stored 100kb per side.. . We had a few of the drives around my college and you could use them for demonstration to an entire class. It was easy to show the evolution down to 5.25 , and then to the smaller minidisk.
Real optimism that this mad phase will pass and we will rejoin the EU once the gravity of our mistake is understood.
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How convenient to forget the billions from both north sea oil and gas diverted from the nation's coffers into private hands, tell me if just this one swindle equivalent to Norway's sovereign wealth fund was included where would we be in league table then, and where did the money go from selling off transport assets?And electrical distribution etc.,
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The BBC reports that the EU would agree a special deal for NI.
Should Scotland have one too?
That would be good for UK businesses.
Should Scotland have one too?
That would be good for UK businesses.
From the Independent this morning
"
Theresa May and David Davis 'selectively' quoted report to justify sweeping cabinet Brexit powers
The Lords say they actually raised 'fundamental concerns' over Ms May's legislation
Oh what a surprise, there are lies
Damned lies
and selective quotes.
"
Theresa May and David Davis 'selectively' quoted report to justify sweeping cabinet Brexit powers
The Lords say they actually raised 'fundamental concerns' over Ms May's legislation
Oh what a surprise, there are lies
Damned lies
and selective quotes.
Certainly recognise that at least one of the Stage Coach pair lives in a very tidy pile (Castle) just outside Perth. As for the rest I don't know but doubt it is as you say. Sounds more like mischief and envy to me. I have little doubt that much of it, revenue, will have been wasted in one form or another. Last time I looked Norway was a minnow when it comes to population and. Commerce, from which I deduce their expenditure is lower than ours - equals large surpluses, not unlike some of those Gulf states,
I disagree fundamentally with the author.
More spending, more tax, more regulations as long as by consensus will actually lead to a better society.
Better protection for consumers, for the environment, for social protection, for health and for business too, by ensuring that the cowboys don't spoil it for everyone else.
Oh dear, you've missed one vital element. You either need the money before you can spend it or good credit and demonstrate the will to pay what you borrow back plus interest. You go try and get credit to buy a castle near Perth.
Of course spending more on the things you like makes for a happy bunny, ever was thus - real life sucks.
that is a simplified view of macro-economics.
If what you said were true, banks can't lend more than what they have as capital. Yet, every bank follows fractional reserve banking. They lend out 20-30 times as much.
The reality is the 'investment multiplier' in our economy is about 4 to 5. Google it up if you like. The government takes about 35% of GDP in taxes, invest more (e.g. in rail/road transport) will generate more tax that the amount invested if the conditions are good.
We need spending, growth is fuelled by spending. As long as you keep the annual budget deficit within 2%-3% and national debt to around 75%, the economy will yield better growth over medium to long term.
you should read more on macro-economics. My first serious girlfriend did economics at uni, she needed a bit of help with maths, that's how I got interested in it and read some of her coursework over a couple of years.
That's the reason Corbyn avoids power, he knows only too well his vision of politics would only aggregate situation.Its actually nothing to do with Brexit..
Voting public at large realise similar ( probably not on here) but its why inly chance labour have of power is with a more centrist approach. Corbyn would lead us all into poverty and he knows it.