The EU filed a dispute against the U.K. at the World Trade Organization on Monday over Britain’s alleged discriminatory support for green energy projects
Hmmm... Germany offered the most generous green energy terms in the world for renewables with the solar FIT, so I'm not entirely sure they're in a position to throw stones.
No, the EU is our ally. The WTO must be wrong, this claim against us can't have been filed. One day people will realise the EU isn't our informal ally and we can't trust them.
Do you think the US ceased being our ally when they maintained steel sanctions against us?
The tariffs are being lifted and the US - UK have not been closer for years
The EU filed a dispute against the U.K. at the World Trade Organization on Monday over Britain’s alleged discriminatory support for green energy projects
Hmmm... Germany offered the most generous green energy terms in the world for renewables with the solar FIT, so I'm not entirely sure they're in a position to throw stones.
No, the EU is our ally. The WTO must be wrong, this claim against us can't have been filed. One day people will realise the EU isn't our informal ally and we can't trust them.
Do you think the US ceased being our ally when they maintained steel sanctions against us?
The tariffs are being lifted and the US - UK have not been closer for years
My point is simply that countries have trade disputes with each other. It’s not necessarily, as you leaped to conclude, the continuation of war by other means.
20% minimum tax on household wealth of over $100 million.
Democrats pushing tax rises on the rich as usual
Only 20%
It’s not even, as I understand it, a wealth tax. It’s an income tax that’s levied on the very very wealthy.
The average income tax paid by these plutocrats was about 9% apparently.
HYUFD talking out of his hat as usual.
It is to the extent that wealthy households not paying 20% of their income in tax will have to pay this top up instead out of their assets and capital to get to the 20% tax
The EU filed a dispute against the U.K. at the World Trade Organization on Monday over Britain’s alleged discriminatory support for green energy projects
Hmmm... Germany offered the most generous green energy terms in the world for renewables with the solar FIT, so I'm not entirely sure they're in a position to throw stones.
No, the EU is our ally. The WTO must be wrong, this claim against us can't have been filed. One day people will realise the EU isn't our informal ally and we can't trust them.
Do you think the US ceased being our ally when they maintained steel sanctions against us?
The tariffs are being lifted and the US - UK have not been closer for years
HYUFD levels of shifting the goalposts, well done.
Although it is worth noting that the G20 is not the twenty largest economies in the world for reasons which are not entirely clear to me, so despite the fact that Spain is 14th, it doesn't get to be a member.
I think the reasons are geopolitical. The G7 is entirely western-minded (squinting a little to include Japan there). So some new body was deemed necessary to look at the socioeconomic/ political issues globally which could include the largest economies of each major geographical region and political grouping. Africa is, of course, underrepresented with just RSA and the Arab world with just KSA.
Africa is overrepresented in economic terms though as not a single African nation is yet in the largest 20 economies. In actual fact too Nigeria has a slightly bigger economy than South Africa
There are only about 20 countries in the world that “matter”, and it correlates with GDP only a bit.
USA Canada Brazil UK France Germany Russia Turkey Israel Iran Saudi Arabia India China South Korea Japan Australia
I would certainly add Indonesia to that list if one thinks in terms of vital shipping lanes.
On Topic. I am not the only PBer got on Melenchon for run off, I am sure both Smithsons did as well. Nor am I the only one who weeks ago suggested Macron could lose, because of his domestic policies out of step with the electorate, but a great many PBers did scoff at that.
The size of Macron’s win last time owed quite a bit to being unknown in policy position, which led to the votes for the other challengers not being shared, many abstaining in second round. To be comfortable he needs a similar thing this time, the anti macron vote coalescing around a challenger this time wouldn’t need much swing from Macron to bury him.
The French election campaign only officially began today. On the official start date in 2017, May was how far ahead of Corbyn in polls?
20% minimum tax on household wealth of over $100 million.
Democrats pushing tax rises on the rich as usual
Only 20%
It’s not even, as I understand it, a wealth tax. It’s an income tax that’s levied on the very very wealthy.
The average income tax paid by these plutocrats was about 9% apparently.
HYUFD talking out of his hat as usual.
It is to the extent that wealthy households not paying 20% of their income in tax will have to pay this top up instead out of their assets and capital to get to the 20% tax
Although it is worth noting that the G20 is not the twenty largest economies in the world for reasons which are not entirely clear to me, so despite the fact that Spain is 14th, it doesn't get to be a member.
I think the reasons are geopolitical. The G7 is entirely western-minded (squinting a little to include Japan there). So some new body was deemed necessary to look at the socioeconomic/ political issues globally which could include the largest economies of each major geographical region and political grouping. Africa is, of course, underrepresented with just RSA and the Arab world with just KSA.
Africa is overrepresented in economic terms though as not a single African nation is yet in the largest 20 economies. In actual fact too Nigeria has a slightly bigger economy than South Africa
There are only about 20 countries in the world that “matter”, and it correlates with GDP only a bit.
USA Canada Brazil UK France Germany Russia Turkey Israel Iran Saudi Arabia India China South Korea Japan Australia
You need to think in terms of consequences on world bond markets of default, and therefore you need to add Italy to the list.
Seeing as there is a global crisis/war it is astonishing that a Conservative government is not 10 points ahead, rather than 3 points behind. Most sensible people now realise Johnson is a clown. He needs to go.
The proposed Biden tax on the super-rich seems, if the Guardian article is accurate, to be a tax on both realised and unrealised capital gains:
“In 2021 alone, America’s more than 700 billionaires saw their wealth increase by $1tn, yet in a typical year, billionaires like these would pay just 8% of their total realized and unrealized income in taxes. A firefighter or teacher can pay double that tax rate,” the White House factsheet notes.
Under the plan households worth more than $100m would have to give detailed accounts to the Internal Revenue Service of how their assets had fared over the year. Those who pay less than 20% on those gains would then be subject to an additional tax that would take their rate up to 20%.
So it's neither a wealth tax nor an income tax.
Devil in the detail, of course. I wonder what if anything they propose for carrying forward losses?
Although it is worth noting that the G20 is not the twenty largest economies in the world for reasons which are not entirely clear to me, so despite the fact that Spain is 14th, it doesn't get to be a member.
I think the reasons are geopolitical. The G7 is entirely western-minded (squinting a little to include Japan there). So some new body was deemed necessary to look at the socioeconomic/ political issues globally which could include the largest economies of each major geographical region and political grouping. Africa is, of course, underrepresented with just RSA and the Arab world with just KSA.
Africa is overrepresented in economic terms though as not a single African nation is yet in the largest 20 economies. In actual fact too Nigeria has a slightly bigger economy than South Africa
There are only about 20 countries in the world that “matter”, and it correlates with GDP only a bit.
USA Canada Brazil UK France Germany Russia Turkey Israel Iran Saudi Arabia India China South Korea Japan Australia
I would certainly add Indonesia to that list if one thinks in terms of vital shipping lanes.
I left off Indonesia, because it’s foreign policy outlook is pretty quiescent. It could choose to “matter”. For vaguely similar reasons, I left off Egypt, Nigeria, South Africa and Mexico.
Although it is worth noting that the G20 is not the twenty largest economies in the world for reasons which are not entirely clear to me, so despite the fact that Spain is 14th, it doesn't get to be a member.
I think the reasons are geopolitical. The G7 is entirely western-minded (squinting a little to include Japan there). So some new body was deemed necessary to look at the socioeconomic/ political issues globally which could include the largest economies of each major geographical region and political grouping. Africa is, of course, underrepresented with just RSA and the Arab world with just KSA.
Africa is overrepresented in economic terms though as not a single African nation is yet in the largest 20 economies. In actual fact too Nigeria has a slightly bigger economy than South Africa
There are only about 20 countries in the world that “matter”, and it correlates with GDP only a bit.
USA Canada Brazil UK France Germany Russia Turkey Israel Iran Saudi Arabia India China South Korea Japan Australia
Well all the top 10 by GDP are in that list and the G20 (apart from Italy which you should have added).
It is the next 10 that is a bit more open to debate
20% minimum tax on household wealth of over $100 million.
Democrats pushing tax rises on the rich as usual
Only 20%
It’s not even, as I understand it, a wealth tax. It’s an income tax that’s levied on the very very wealthy.
The average income tax paid by these plutocrats was about 9% apparently.
HYUFD talking out of his hat as usual.
It is to the extent that wealthy households not paying 20% of their income in tax will have to pay this top up instead out of their assets and capital to get to the 20% tax
The EU filed a dispute against the U.K. at the World Trade Organization on Monday over Britain’s alleged discriminatory support for green energy projects
Hmmm... Germany offered the most generous green energy terms in the world for renewables with the solar FIT, so I'm not entirely sure they're in a position to throw stones.
No, the EU is our ally. The WTO must be wrong, this claim against us can't have been filed. One day people will realise the EU isn't our informal ally and we can't trust them.
Do you think the US ceased being our ally when they maintained steel sanctions against us?
The tariffs are being lifted and the US - UK have not been closer for years
My point is simply that countries have trade disputes with each other. It’s not necessarily, as you leaped to conclude, the continuation of war by other means.
I do not think of it in terms of war, that is going on in Russia, but it is not in the spirit of improving relationships but as others say, trade disputes happen all the time
20% minimum tax on household wealth of over $100 million.
Democrats pushing tax rises on the rich as usual
Only 20%
It’s not even, as I understand it, a wealth tax. It’s an income tax that’s levied on the very very wealthy.
The average income tax paid by these plutocrats was about 9% apparently.
HYUFD talking out of his hat as usual.
It is to the extent that wealthy households not paying 20% of their income in tax will have to pay this top up instead out of their assets and capital to get to the 20% tax
The EU filed a dispute against the U.K. at the World Trade Organization on Monday over Britain’s alleged discriminatory support for green energy projects
Hmmm... Germany offered the most generous green energy terms in the world for renewables with the solar FIT, so I'm not entirely sure they're in a position to throw stones.
No, the EU is our ally. The WTO must be wrong, this claim against us can't have been filed. One day people will realise the EU isn't our informal ally and we can't trust them.
Do you think the US ceased being our ally when they maintained steel sanctions against us?
The tariffs are being lifted and the US - UK have not been closer for years
HYUFD levels of shifting the goalposts, well done.
When I am PM I will calculate when push comes to shove everyone will stick up for their own business and workers not mine, so I won’t entirely trust a single “close ally”. But I will keep them close and play along though, for chances of getting best possible concessions out of them.
Much like when people go into work and make out they are everybody’s friend for self interest purposes, without actually liking them. That’s the right thing to do. Wish I done it that way when I went to school.
When I was at school and taller than most and had a gang, I used to like bullying people, like a Peaky Blinder gets off on it. That was the wrong approach and not sensibly in self interest too.
Oryx's confirmed Russian equipment losses have gone over 2000 today, with the tank losses (318) now at more than 25% of the initial estimate of 1250 tanks.
20% minimum tax on household wealth of over $100 million.
Democrats pushing tax rises on the rich as usual
Only 20%
It’s not even, as I understand it, a wealth tax. It’s an income tax that’s levied on the very very wealthy.
The average income tax paid by these plutocrats was about 9% apparently.
HYUFD talking out of his hat as usual.
It is to the extent that wealthy households not paying 20% of their income in tax will have to pay this top up instead out of their assets and capital to get to the 20% tax
The EU filed a dispute against the U.K. at the World Trade Organization on Monday over Britain’s alleged discriminatory support for green energy projects
Hmmm... Germany offered the most generous green energy terms in the world for renewables with the solar FIT, so I'm not entirely sure they're in a position to throw stones.
No, the EU is our ally. The WTO must be wrong, this claim against us can't have been filed. One day people will realise the EU isn't our informal ally and we can't trust them.
Do you think the US ceased being our ally when they maintained steel sanctions against us?
The tariffs are being lifted and the US - UK have not been closer for years
HYUFD levels of shifting the goalposts, well done.
The EU filed a dispute against the U.K. at the World Trade Organization on Monday over Britain’s alleged discriminatory support for green energy projects
Hmmm... Germany offered the most generous green energy terms in the world for renewables with the solar FIT, so I'm not entirely sure they're in a position to throw stones.
No, the EU is our ally. The WTO must be wrong, this claim against us can't have been filed. One day people will realise the EU isn't our informal ally and we can't trust them.
Do you think the US ceased being our ally when they maintained steel sanctions against us?
The tariffs are being lifted and the US - UK have not been closer for years
HYUFD levels of shifting the goalposts, well done.
The proposed Biden tax on the super-rich seems, if the Guardian article is accurate, to be a tax on both realised and unrealised capital gains:
“In 2021 alone, America’s more than 700 billionaires saw their wealth increase by $1tn, yet in a typical year, billionaires like these would pay just 8% of their total realized and unrealized income in taxes. A firefighter or teacher can pay double that tax rate,” the White House factsheet notes.
Under the plan households worth more than $100m would have to give detailed accounts to the Internal Revenue Service of how their assets had fared over the year. Those who pay less than 20% on those gains would then be subject to an additional tax that would take their rate up to 20%.
So it's neither a wealth tax nor an income tax.
Devil in the detail, of course. I wonder what if anything they propose for carrying forward losses?
Taxing unrealised gains is a slightly dangerous game.
The proposed Biden tax on the super-rich seems, if the Guardian article is accurate, to be a tax on both realised and unrealised capital gains:
“In 2021 alone, America’s more than 700 billionaires saw their wealth increase by $1tn, yet in a typical year, billionaires like these would pay just 8% of their total realized and unrealized income in taxes. A firefighter or teacher can pay double that tax rate,” the White House factsheet notes.
Under the plan households worth more than $100m would have to give detailed accounts to the Internal Revenue Service of how their assets had fared over the year. Those who pay less than 20% on those gains would then be subject to an additional tax that would take their rate up to 20%.
So it's neither a wealth tax nor an income tax.
Devil in the detail, of course. I wonder what if anything they propose for carrying forward losses?
Taxing unrealised gains is a slightly dangerous game.
The proposed Biden tax on the super-rich seems, if the Guardian article is accurate, to be a tax on both realised and unrealised capital gains:
“In 2021 alone, America’s more than 700 billionaires saw their wealth increase by $1tn, yet in a typical year, billionaires like these would pay just 8% of their total realized and unrealized income in taxes. A firefighter or teacher can pay double that tax rate,” the White House factsheet notes.
Under the plan households worth more than $100m would have to give detailed accounts to the Internal Revenue Service of how their assets had fared over the year. Those who pay less than 20% on those gains would then be subject to an additional tax that would take their rate up to 20%.
So it's neither a wealth tax nor an income tax.
Devil in the detail, of course. I wonder what if anything they propose for carrying forward losses?
20% minimum tax on household wealth of over $100 million.
Democrats pushing tax rises on the rich as usual
Only 20%
It’s not even, as I understand it, a wealth tax. It’s an income tax that’s levied on the very very wealthy.
The average income tax paid by these plutocrats was about 9% apparently.
HYUFD talking out of his hat as usual.
It is to the extent that wealthy households not paying 20% of their income in tax will have to pay this top up instead out of their assets and capital to get to the 20% tax
The proposed Biden tax on the super-rich seems, if the Guardian article is accurate, to be a tax on both realised and unrealised capital gains:
“In 2021 alone, America’s more than 700 billionaires saw their wealth increase by $1tn, yet in a typical year, billionaires like these would pay just 8% of their total realized and unrealized income in taxes. A firefighter or teacher can pay double that tax rate,” the White House factsheet notes.
Under the plan households worth more than $100m would have to give detailed accounts to the Internal Revenue Service of how their assets had fared over the year. Those who pay less than 20% on those gains would then be subject to an additional tax that would take their rate up to 20%.
So it's neither a wealth tax nor an income tax.
Devil in the detail, of course. I wonder what if anything they propose for carrying forward losses?
Taxing unrealised gains is a slightly dangerous game.
Yes, do you get a refund for unrealised losses?
Exactly.
And how do you measure it for private companies? Or for businesses (like partnerships) which will never be sold?
The proposed Biden tax on the super-rich seems, if the Guardian article is accurate, to be a tax on both realised and unrealised capital gains:
“In 2021 alone, America’s more than 700 billionaires saw their wealth increase by $1tn, yet in a typical year, billionaires like these would pay just 8% of their total realized and unrealized income in taxes. A firefighter or teacher can pay double that tax rate,” the White House factsheet notes.
Under the plan households worth more than $100m would have to give detailed accounts to the Internal Revenue Service of how their assets had fared over the year. Those who pay less than 20% on those gains would then be subject to an additional tax that would take their rate up to 20%.
So it's neither a wealth tax nor an income tax.
Devil in the detail, of course. I wonder what if anything they propose for carrying forward losses?
Taxing unrealised gains is a slightly dangerous game.
The proposed Biden tax on the super-rich seems, if the Guardian article is accurate, to be a tax on both realised and unrealised capital gains:
“In 2021 alone, America’s more than 700 billionaires saw their wealth increase by $1tn, yet in a typical year, billionaires like these would pay just 8% of their total realized and unrealized income in taxes. A firefighter or teacher can pay double that tax rate,” the White House factsheet notes.
Under the plan households worth more than $100m would have to give detailed accounts to the Internal Revenue Service of how their assets had fared over the year. Those who pay less than 20% on those gains would then be subject to an additional tax that would take their rate up to 20%.
So it's neither a wealth tax nor an income tax.
Devil in the detail, of course. I wonder what if anything they propose for carrying forward losses?
Taxing unrealised gains is a slightly dangerous game.
Yes, do you get a refund for unrealised losses?
Exactly.
And how do you measure it for private companies? Or for businesses (like partnerships) which will never be sold?
Yes, at what multiple of earnings will they be valued?
Although it is worth noting that the G20 is not the twenty largest economies in the world for reasons which are not entirely clear to me, so despite the fact that Spain is 14th, it doesn't get to be a member.
I think the reasons are geopolitical. The G7 is entirely western-minded (squinting a little to include Japan there). So some new body was deemed necessary to look at the socioeconomic/ political issues globally which could include the largest economies of each major geographical region and political grouping. Africa is, of course, underrepresented with just RSA and the Arab world with just KSA.
Africa is overrepresented in economic terms though as not a single African nation is yet in the largest 20 economies. In actual fact too Nigeria has a slightly bigger economy than South Africa
There are only about 20 countries in the world that “matter”, and it correlates with GDP only a bit.
USA Canada Brazil UK France Germany Russia Turkey Israel Iran Saudi Arabia India China South Korea Japan Australia
I would certainly add Indonesia to that list if one thinks in terms of vital shipping lanes.
The EU filed a dispute against the U.K. at the World Trade Organization on Monday over Britain’s alleged discriminatory support for green energy projects
Hmmm... Germany offered the most generous green energy terms in the world for renewables with the solar FIT, so I'm not entirely sure they're in a position to throw stones.
No, the EU is our ally. The WTO must be wrong, this claim against us can't have been filed. One day people will realise the EU isn't our informal ally and we can't trust them.
Do you think the US ceased being our ally when they maintained steel sanctions against us?
The tariffs are being lifted and the US - UK have not been closer for years
HYUFD levels of shifting the goalposts, well done.
20% minimum tax on household wealth of over $100 million.
Democrats pushing tax rises on the rich as usual
Only 20%
It’s not even, as I understand it, a wealth tax. It’s an income tax that’s levied on the very very wealthy.
The average income tax paid by these plutocrats was about 9% apparently.
HYUFD talking out of his hat as usual.
The US has a thing called the Alternative Minimum Tax, which is levied on those who have too many deductions.
I think the key thing in mind for comparisons, US don’t have a centrally controlled Stalinist system of government like UK, but more power to the local people and local (state) government structures. Example like, what year did UK have minimum wage versus year US had it, some states had it but not all states arguably had it long before UK? So that centralised versus un centralised democracy and spending power actually murders before birth many other comparisons we would try to make?
20% minimum tax on household wealth of over $100 million.
Democrats pushing tax rises on the rich as usual
Only 20%
It’s not even, as I understand it, a wealth tax. It’s an income tax that’s levied on the very very wealthy.
The average income tax paid by these plutocrats was about 9% apparently.
HYUFD talking out of his hat as usual.
It is to the extent that wealthy households not paying 20% of their income in tax will have to pay this top up instead out of their assets and capital to get to the 20% tax
What do we definitely know about #Russian military casualties in #Ukraine? BBC in-depth research of verified military losses found some interesting tendencies \1
The proposed Biden tax on the super-rich seems, if the Guardian article is accurate, to be a tax on both realised and unrealised capital gains:
“In 2021 alone, America’s more than 700 billionaires saw their wealth increase by $1tn, yet in a typical year, billionaires like these would pay just 8% of their total realized and unrealized income in taxes. A firefighter or teacher can pay double that tax rate,” the White House factsheet notes.
Under the plan households worth more than $100m would have to give detailed accounts to the Internal Revenue Service of how their assets had fared over the year. Those who pay less than 20% on those gains would then be subject to an additional tax that would take their rate up to 20%.
So it's neither a wealth tax nor an income tax.
Devil in the detail, of course. I wonder what if anything they propose for carrying forward losses?
There was some controversy on the unrealised gains part a while back and Elon Musk did a Twitter poll as to whether he should sell some of his shares on the back of it. He did.
Since then share prices of growth stocks have taken a battering. Quite how it would work taxing people on unrealised assets that then fall remains to be seen. Seems a bonkers idea.
20% minimum tax on household wealth of over $100 million.
Democrats pushing tax rises on the rich as usual
Only 20%
It’s not even, as I understand it, a wealth tax. It’s an income tax that’s levied on the very very wealthy.
The average income tax paid by these plutocrats was about 9% apparently.
HYUFD talking out of his hat as usual.
It is to the extent that wealthy households not paying 20% of their income in tax will have to pay this top up instead out of their assets and capital to get to the 20% tax
Although it is worth noting that the G20 is not the twenty largest economies in the world for reasons which are not entirely clear to me, so despite the fact that Spain is 14th, it doesn't get to be a member.
I think the reasons are geopolitical. The G7 is entirely western-minded (squinting a little to include Japan there). So some new body was deemed necessary to look at the socioeconomic/ political issues globally which could include the largest economies of each major geographical region and political grouping. Africa is, of course, underrepresented with just RSA and the Arab world with just KSA.
Africa is overrepresented in economic terms though as not a single African nation is yet in the largest 20 economies. In actual fact too Nigeria has a slightly bigger economy than South Africa
There are only about 20 countries in the world that “matter”, and it correlates with GDP only a bit.
USA Canada Brazil UK France Germany Russia Turkey Israel Iran Saudi Arabia India China South Korea Japan Australia
I would certainly add Indonesia to that list if one thinks in terms of vital shipping lanes.
I left off Indonesia, because it’s foreign policy outlook is pretty quiescent. It could choose to “matter”. For vaguely similar reasons, I left off Egypt, Nigeria, South Africa and Mexico.
Yep, that same thought crossed my mind. At some moments, it has chosen to matter, but for now it is quite quiet.
But that does beg the question, does a wheel only matter once it starts squeaking?
Another terrible Poll for Starmer SKS fans please explain
Redfield & Wilton Strategies @RedfieldWilton · 45m At this moment, which of the following individuals do you think would be the better PM for the UK? (27 Mar)
20% minimum tax on household wealth of over $100 million.
Democrats pushing tax rises on the rich as usual
Only 20%
It’s not even, as I understand it, a wealth tax. It’s an income tax that’s levied on the very very wealthy.
The average income tax paid by these plutocrats was about 9% apparently.
HYUFD talking out of his hat as usual.
It is to the extent that wealthy households not paying 20% of their income in tax will have to pay this top up instead out of their assets and capital to get to the 20% tax
The proposed Biden tax on the super-rich seems, if the Guardian article is accurate, to be a tax on both realised and unrealised capital gains:
“In 2021 alone, America’s more than 700 billionaires saw their wealth increase by $1tn, yet in a typical year, billionaires like these would pay just 8% of their total realized and unrealized income in taxes. A firefighter or teacher can pay double that tax rate,” the White House factsheet notes.
Under the plan households worth more than $100m would have to give detailed accounts to the Internal Revenue Service of how their assets had fared over the year. Those who pay less than 20% on those gains would then be subject to an additional tax that would take their rate up to 20%.
So it's neither a wealth tax nor an income tax.
Devil in the detail, of course. I wonder what if anything they propose for carrying forward losses?
There was some controversy on the unrealised gains part a while back and Elon Musk did a Twitter poll as to whether he should sell some of his shares on the back of it. He did.
Since then share prices of growth stocks have taken a battering. Quite how it would work taxing people on unrealised assets that then fall remains to be seen. Seems a bonkers idea.
It does seem a rather odd way to structure a tax, although it's certainly true that there is plenty of scope to tax the very rich in the US a lot more without giving rise to damaging economic consequences.
Although it is worth noting that the G20 is not the twenty largest economies in the world for reasons which are not entirely clear to me, so despite the fact that Spain is 14th, it doesn't get to be a member.
I think the reasons are geopolitical. The G7 is entirely western-minded (squinting a little to include Japan there). So some new body was deemed necessary to look at the socioeconomic/ political issues globally which could include the largest economies of each major geographical region and political grouping. Africa is, of course, underrepresented with just RSA and the Arab world with just KSA.
Africa is overrepresented in economic terms though as not a single African nation is yet in the largest 20 economies. In actual fact too Nigeria has a slightly bigger economy than South Africa
There are only about 20 countries in the world that “matter”, and it correlates with GDP only a bit.
USA Canada Brazil UK France Germany Russia Turkey Israel Iran Saudi Arabia India China South Korea Japan Australia
I would certainly add Indonesia to that list if one thinks in terms of vital shipping lanes.
As the world’s third most populous democracy and largest Muslim majority country it certainly “matters”. While GardenWalker is correct that it doesn’t have an assertive foreign policy they have been doing more via ASEAN.
Oryx's confirmed Russian equipment losses have gone over 2000 today, with the tank losses (318) now at more than 25% of the initial estimate of 1250 tanks.
The proposed Biden tax on the super-rich seems, if the Guardian article is accurate, to be a tax on both realised and unrealised capital gains:
“In 2021 alone, America’s more than 700 billionaires saw their wealth increase by $1tn, yet in a typical year, billionaires like these would pay just 8% of their total realized and unrealized income in taxes. A firefighter or teacher can pay double that tax rate,” the White House factsheet notes.
Under the plan households worth more than $100m would have to give detailed accounts to the Internal Revenue Service of how their assets had fared over the year. Those who pay less than 20% on those gains would then be subject to an additional tax that would take their rate up to 20%.
So it's neither a wealth tax nor an income tax.
Devil in the detail, of course. I wonder what if anything they propose for carrying forward losses?
Taxing unrealised gains is a slightly dangerous game.
Yes, do you get a refund for unrealised losses?
Exactly.
And how do you measure it for private companies? Or for businesses (like partnerships) which will never be sold?
Yes, at what multiple of earnings will they be valued?
Not difficult. Taxman says x, taxpayer says less than x, taxman says OK how much less than x? bearing in mind I have the right to buy off you at the price you name.
Also I am unconvinced by the whole "realised gain" thing. Pragmatically it makes sense to tax assets on "realisation" cos that's the one time people can't claim they are short of readies, but in priciple wealth is assets, not "realised" assets, and a wealth tax is allowed to reflect that
The proposed Biden tax on the super-rich seems, if the Guardian article is accurate, to be a tax on both realised and unrealised capital gains:
“In 2021 alone, America’s more than 700 billionaires saw their wealth increase by $1tn, yet in a typical year, billionaires like these would pay just 8% of their total realized and unrealized income in taxes. A firefighter or teacher can pay double that tax rate,” the White House factsheet notes.
Under the plan households worth more than $100m would have to give detailed accounts to the Internal Revenue Service of how their assets had fared over the year. Those who pay less than 20% on those gains would then be subject to an additional tax that would take their rate up to 20%.
So it's neither a wealth tax nor an income tax.
Devil in the detail, of course. I wonder what if anything they propose for carrying forward losses?
There was some controversy on the unrealised gains part a while back and Elon Musk did a Twitter poll as to whether he should sell some of his shares on the back of it. He did.
Since then share prices of growth stocks have taken a battering. Quite how it would work taxing people on unrealised assets that then fall remains to be seen. Seems a bonkers idea.
Can't see the problem. If the assets fall in value the owners pay less or no tax the following year.
Zelenskyy on Johnson: much keener than Macron to send military support. “Johnson is a leader who is helping more. The leaders of countries react according to how their constituents act. In this case, Johnson is an example. Britain is definitely on our side.
20% minimum tax on household wealth of over $100 million.
Democrats pushing tax rises on the rich as usual
Only 20%
It’s not even, as I understand it, a wealth tax. It’s an income tax that’s levied on the very very wealthy.
The average income tax paid by these plutocrats was about 9% apparently.
HYUFD talking out of his hat as usual.
It is to the extent that wealthy households not paying 20% of their income in tax will have to pay this top up instead out of their assets and capital to get to the 20% tax
He does take a very great interest in IHT, but then we can safely say he's not a terraced house owner in Hartlepool (much as I have enjoyed my visits there).
Oryx's confirmed Russian equipment losses have gone over 2000 today, with the tank losses (318) now at more than 25% of the initial estimate of 1250 tanks.
Oryx's confirmed Russian equipment losses have gone over 2000 today, with the tank losses (318) now at more than 25% of the initial estimate of 1250 tanks.
And still saying "the amount of equipment destroyed is significantly higher than recorded here"....
Last update I saw said he had another 175 Russian losses to record......
You have to wonder what proportion of Russia's working kit actually rumbled over the Ukrainian border. There's got to be a chance it was perhaps most of what actually works in the western half of Russia.
Although it is worth noting that the G20 is not the twenty largest economies in the world for reasons which are not entirely clear to me, so despite the fact that Spain is 14th, it doesn't get to be a member.
I think the reasons are geopolitical. The G7 is entirely western-minded (squinting a little to include Japan there). So some new body was deemed necessary to look at the socioeconomic/ political issues globally which could include the largest economies of each major geographical region and political grouping. Africa is, of course, underrepresented with just RSA and the Arab world with just KSA.
Africa is overrepresented in economic terms though as not a single African nation is yet in the largest 20 economies. In actual fact too Nigeria has a slightly bigger economy than South Africa
There are only about 20 countries in the world that “matter”, and it correlates with GDP only a bit.
USA Canada Brazil UK France Germany Russia Turkey Israel Iran Saudi Arabia India China South Korea Japan Australia
I would certainly add Indonesia to that list if one thinks in terms of vital shipping lanes.
I left off Indonesia, because it’s foreign policy outlook is pretty quiescent. It could choose to “matter”. For vaguely similar reasons, I left off Egypt, Nigeria, South Africa and Mexico.
Yep, that same thought crossed my mind. At some moments, it has chosen to matter, but for now it is quite quiet.
But that does beg the question, does a wheel only matter once it starts squeaking?
Other countries that conceivably could make it on to the list, with reasons:
Switzerland - as home of much of the world's geopolitically-connected wealth Qatar - for Al Jazeera, its hydrocarbon reserves and the sheer depth of its resources to fund conflict Singapore - as the lynchpin of trade in the Far East Pakistan - the only nuclear armed Muslim state
Good to see the lighter evenings just in time for winter - apparently.
Reviewing the weekend's elections - in Malta, the incumbent Labour Party won a clear re-election polling just over 55% with the Nationalists just short of 42%. Some changes to the Maltese Parliament mean it's not as simple as how many seats you win:
Basically, Labour won on the day 39-26 but the Nationalists will get two extra seats to make it more proportional and then more seats will be added to create a stronger gender balance which will end up with Labour ahead 45-34.
In Saarland, the Greens missed the cut by some 300 votes meaning both they, the FDP and Linke all lost representation. This left the SPD on 29 seats, CDU on 19 and Alternative on 3. It's the first absolute majority since the CDU won 27 seats in 2004 and the first SPD majority since Oskar Lafontaine won in 1990.
The election bandwagon rolls into the Balkans in April with Slovenia voting at the end of the month and Serbia voting this Sunday. In 2020, the SNS Coalition (known as "Together We Can Do Everything" which is led by the Serbian Democratic Party, the Party of President Aleksandar Vucic who is also seeking re-election on Sunday) won 188 of the 250 seats in the National Assembly in a massive landslide (though a number of parties boycotted the poll).
Currently, 243 of the 250 National Assembly members support the Government.
The opposition is now called United Serbia and came together in November last year. It's broadly centrist and contains a dozen parties of various shapes, sizes and platforms. It's broadly centrist and the key players are the centre-Left Party of Freedom and Justice and the centrist Democratic Party.
Moramo is the Green party. Socialist Party/United Serbia supports the Government.
The latest poll as follows:
SNS Coalition: 44.7% (-19.8) United Serbia: 20.1% (new) Moramo: 5.8% (new) Socialist Party/United Serbia: 5.7% (-4.7) National Democratic Alternative (NADA): 3.3% (-1.6) Enough is Enough/Healthy Serbia: 3.1% (-0.2) Serbian Party Oathkeepers: 3.0% (+1.6)
There is a 3% threshold to enter the National Assembly. It looks as though Vucic and his coalition will be returned but with a significant reduction in their majority and United Serbia forming a strong opposition block.
Oryx's confirmed Russian equipment losses have gone over 2000 today, with the tank losses (318) now at more than 25% of the initial estimate of 1250 tanks.
And still saying "the amount of equipment destroyed is significantly higher than recorded here"....
Last update I saw said he had another 175 Russian losses to record......
The attrition rate is such that if the Ukrainians weren't losing kit at a reasonable whack too (though apparently less quickly than Russia) you might expect the fightback to start gathering pace quite quickly. A constant rate of losses to a diminishing stock, plus what must surely be a very tired and sleep-deprived army, points to some kind of tipping point. Unless Ukraine is stretched beyond what we realise (which is possible).
I would suggest that in this poll tonight (Redfield Wilton) evidence shows just how much Rishi has damaged his reputation but also for those interested in Boris's survival he looks as certain as has been for a long time to be leading into GE 24, unless he decides to stand down post a Ukraine peace deal
The proposed Biden tax on the super-rich seems, if the Guardian article is accurate, to be a tax on both realised and unrealised capital gains:
“In 2021 alone, America’s more than 700 billionaires saw their wealth increase by $1tn, yet in a typical year, billionaires like these would pay just 8% of their total realized and unrealized income in taxes. A firefighter or teacher can pay double that tax rate,” the White House factsheet notes.
Under the plan households worth more than $100m would have to give detailed accounts to the Internal Revenue Service of how their assets had fared over the year. Those who pay less than 20% on those gains would then be subject to an additional tax that would take their rate up to 20%.
So it's neither a wealth tax nor an income tax.
Devil in the detail, of course. I wonder what if anything they propose for carrying forward losses?
Taxing unrealised gains is a slightly dangerous game.
Yes, do you get a refund for unrealised losses?
When I worked for a Life and Pensions company between 1997 and 2005, yes, that was how it worked. Every New Year, we would run a "deemed disposal" process to notionally sell off all the unit trusts and then immediately notionally buy them all back. Any gains in the previous 12 months would be taxed, and units sold in the market for real to pay the tax. If the market had fallen over the 12 months, then the process worked the other way.
Oryx's confirmed Russian equipment losses have gone over 2000 today, with the tank losses (318) now at more than 25% of the initial estimate of 1250 tanks.
And still saying "the amount of equipment destroyed is significantly higher than recorded here"....
Last update I saw said he had another 175 Russian losses to record......
Tank losses have been at about 15% of all losses, indicating perhaps another 30 or so still to be added. So say 350 lost - 900 still to find a home for an NLAW or a Javelin.
I would suggest that in this poll tonight (Redfield Wilton) evidence shows just how much Rishi has damaged his reputation but also for those interested in Boris's survival he looks as certain as has been for a long time to be leading into GE 24, unless he decides to stand down post a Ukraine peace deal
I still think there will be a moment of danger when the met finish their work and the full Sue Gray report emerges. There is a lot of visceral anger about the parties while you couldn’t see dying relatives.
Good to see the lighter evenings just in time for winter - apparently.
Reviewing the weekend's elections - in Malta, the incumbent Labour Party won a clear re-election polling just over 55% with the Nationalists just short of 42%. Some changes to the Maltese Parliament mean it's not as simple as how many seats you win:
Basically, Labour won on the day 39-26 but the Nationalists will get two extra seats to make it more proportional and then more seats will be added to create a stronger gender balance which will end up with Labour ahead 45-34.
In Saarland, the Greens missed the cut by some 300 votes meaning both they, the FDP and Linke all lost representation. This left the SPD on 29 seats, CDU on 19 and Alternative on 3. It's the first absolute majority since the CDU won 27 seats in 2004 and the first SPD majority since Oskar Lafontaine won in 1990.
The election bandwagon rolls into the Balkans in April with Slovenia voting at the end of the month and Serbia voting this Sunday. In 2020, the SNS Coalition (known as "Together We Can Do Everything" which is led by the Serbian Democratic Party, the Party of President Aleksandar Vucic who is also seeking re-election on Sunday) won 188 of the 250 seats in the National Assembly in a massive landslide (though a number of parties boycotted the poll).
Currently, 243 of the 250 National Assembly members support the Government.
The opposition is now called United Serbia and came together in November last year. It's broadly centrist and contains a dozen parties of various shapes, sizes and platforms. It's broadly centrist and the key players are the centre-Left Party of Freedom and Justice and the centrist Democratic Party.
Moramo is the Green party. Socialist Party/United Serbia supports the Government.
The latest poll as follows:
SNS Coalition: 44.7% (-19.8) United Serbia: 20.1% (new) Moramo: 5.8% (new) Socialist Party/United Serbia: 5.7% (-4.7) National Democratic Alternative (NADA): 3.3% (-1.6) Enough is Enough/Healthy Serbia: 3.1% (-0.2) Serbian Party Oathkeepers: 3.0% (+1.6)
There is a 3% threshold to enter the National Assembly. It looks as though Vucic and his coalition will be returned but with a significant reduction in their majority and United Serbia forming a strong opposition block.
If Serbia had an election in 2020 why are they having another so soon? do elections happen every 2 years there?
I would suggest that in this poll tonight (Redfield Wilton) evidence shows just how much Rishi has damaged his reputation but also for those interested in Boris's survival he looks as certain as has been for a long time to be leading into GE 24, unless he decides to stand down post a Ukraine peace deal
I still think there will be a moment of danger when the met finish their work and the full Sue Gray report emerges. There is a lot of visceral anger about the parties while you couldn’t see dying relatives.
It could be but if reports are to be believed most of those interviewed are denying they were at a party and that it was job related
There is a real danger this gets caught in a series of court cases and appeals that could turn the whole issue into a circus, especially as this is no more serious than a parking fine in criminal terms
Interesting BBC coverage of the reopening of Gatwick South Terminal - some are struggling to find the staff to fill all their vacancies.
There are about a million unemployed people in the UK.
A friend has recently started a job in a large hotel chain. It isn't a local hotel to us, so she has to travel. After a few days, a manager changed the shift patterns without telling her, then said she should have been told by the other staff - except she's new, so they didn't have her number (*). This was after she drove down to the job, to be told she was not working that day. She complained, and got a foul-mouthed text in response. From her manager.
She is going to chuck the job. Apparently they have trouble with staff retention. I wonder why?
I'd sort-of assumed there would be an online shift register at these places, that the staff could check. Apparently there is not, even in a large chain. It is all done by word-of-mouth from the manager.
Makes the Brittas Empire sound like a documentary...
(*) Are there data protection implications to staff having each other's numbers?
Interesting BBC coverage of the reopening of Gatwick South Terminal - some are struggling to find the staff to fill all their vacancies.
There are about a million unemployed people in the UK.
A friend has recently started a job in a large hotel chain. It isn't a local hotel to us, so she has to travel. After a few days, a manager changed the shift patterns without telling her, then said she should have been told by the other staff - except she's new, so they didn't have her number (*). This was after she drove down to the job, to be told she was not working that day. She complained, and got a foul-mouthed text in response. From her manager.
She is going to chuck the job. Apparently they have trouble with staff retention. I wonder why?
I'd sort-of assumed there would be an online shift register at these places, that the staff could check. Apparently there is not, even in a large chain. It is all done by word-of-mouth from the manager.
Makes the Brittas Empire sound like a documentary...
(*) Are there data protection implications to staff having each other's numbers?
My prejudice is that too many UK employers are still like this. That hotel chain obviously doesn’t deserve your friend as an employee.
"Rishi Sunak dismissed calls for more help to alleviate the cost of living crisis today, saying his priority now was cutting taxes and getting public borrowing under control."
Mail Online.
We are well past peak Sunak now. He may well become leader, but he will be deeply deeply unpopular with the public soon.
Oryx's confirmed Russian equipment losses have gone over 2000 today, with the tank losses (318) now at more than 25% of the initial estimate of 1250 tanks.
"Rishi Sunak dismissed calls for more help to alleviate the cost of living crisis today, saying his priority now was cutting taxes and getting public borrowing under control."
Mail Online.
We are well past peak Sunak now. He may well become leader, but he will be deeply deeply unpopular with the public soon.
Fiddling will Rome burns comes to mind.
There is evidence in tonight's Redfield Wilton poll of his popularity
Chancellor of the Exchequer Rishi Sunak’s net approval rating stands at +1%, his lowest net approval rating to date. 34% say they approve of Rishi Sunak’s job performance (down 2%), while 33% disapprove (no change).
"Rishi Sunak dismissed calls for more help to alleviate the cost of living crisis today, saying his priority now was cutting taxes and getting public borrowing under control."
Mail Online.
We are well past peak Sunak now. He may well become leader, but he will be deeply deeply unpopular with the public soon.
Fiddling will Rome burns comes to mind.
There is evidence in tonight's Redfield Wilton poll of his popularity
Chancellor of the Exchequer Rishi Sunak’s net approval rating stands at +1%, his lowest net approval rating to date. 34% say they approve of Rishi Sunak’s job performance (down 2%), while 33% disapprove (no change).
He is only going one way on the popularity front after his tin-eared disaster of a budget.
Totally out of touch.
I see the Mail has also found photo of him wandering around Westminster yesterday in £350 trainers that Kayne West wears.
Interesting BBC coverage of the reopening of Gatwick South Terminal - some are struggling to find the staff to fill all their vacancies.
There are about a million unemployed people in the UK.
A friend has recently started a job in a large hotel chain. It isn't a local hotel to us, so she has to travel. After a few days, a manager changed the shift patterns without telling her, then said she should have been told by the other staff - except she's new, so they didn't have her number (*). This was after she drove down to the job, to be told she was not working that day. She complained, and got a foul-mouthed text in response. From her manager.
She is going to chuck the job. Apparently they have trouble with staff retention. I wonder why?
I'd sort-of assumed there would be an online shift register at these places, that the staff could check. Apparently there is not, even in a large chain. It is all done by word-of-mouth from the manager.
Makes the Brittas Empire sound like a documentary...
(*) Are there data protection implications to staff having each other's numbers?
Comments
But, if it isn't..... better check your door handles, Vlad.
https://www.ft.com/content/4b60898d-00c2-4f1e-acad-8a210120153f
The map on this site is almost hypnotizing:
https://traderiskguaranty.com/trgpeak/worlds-busiest-shipping-lanes/
The Democrats and the left want to raise taxes on the rich to fund an expansion of government
The size of Macron’s win last time owed quite a bit to being unknown in policy position, which led to the votes for the other challengers not being shared, many abstaining in second round. To be comfortable he needs a similar thing this time, the anti macron vote coalescing around a challenger this time wouldn’t need much swing from Macron to bury him.
The French election campaign only officially began today. On the official start date in 2017, May was how far ahead of Corbyn in polls?
Why wouldn’t they pay it out of their income?
Don’t dig yourself on this one, HYUFD.
You are even wronger than usual.
Still doesn't quite take you to 20 mind.
“In 2021 alone, America’s more than 700 billionaires saw their wealth increase by $1tn, yet in a typical year, billionaires like these would pay just 8% of their total realized and unrealized income in taxes. A firefighter or teacher can pay double that tax rate,” the White House factsheet notes.
Under the plan households worth more than $100m would have to give detailed accounts to the Internal Revenue Service of how their assets had fared over the year. Those who pay less than 20% on those gains would then be subject to an additional tax that would take their rate up to 20%.
So it's neither a wealth tax nor an income tax.
Devil in the detail, of course. I wonder what if anything they propose for carrying forward losses?
Which this little Tucker and his like being the reason.
It is the next 10 that is a bit more open to debate
Much like when people go into work and make out they are everybody’s friend for self interest purposes, without actually liking them. That’s the right thing to do. Wish I done it that way when I went to school.
When I was at school and taller than most and had a gang, I used to like bullying people, like a Peaky Blinder gets off on it. That was the wrong approach and not sensibly in self interest too.
https://www.oryxspioenkop.com/2022/02/attack-on-europe-documenting-equipment.html
https://www.reuters.com/world/uk/uk-us-trade-chiefs-meet-tuesday-steel-tariffs-source-2022-03-22/
And how do you measure it for private companies? Or for businesses (like partnerships) which will never be sold?
And I doubt the 39% would all agree on who the unelected strongman should be.
What do we definitely know about #Russian military casualties in #Ukraine? BBC in-depth research of verified military losses found some interesting tendencies \1
https://twitter.com/oivshina/status/1508478951995420675
Since then share prices of growth stocks have taken a battering. Quite how it would work taxing people on unrealised assets that then fall remains to be seen. Seems a bonkers idea.
But that does beg the question, does a wheel only matter once it starts squeaking?
Redfield & Wilton Strategies
@RedfieldWilton
·
45m
At this moment, which of the following individuals do you think would be the better PM for the UK? (27 Mar)
Boris Johnson: 38% (–)
Keir Starmer: 33% (-3)
Changes +/- 20 Mar
🌹LAB: 37% (-3)
🌳CON: 35% (=)
🔶LDEM: 9% (-2)
🎗️SNP: 6% (+2)
🌱GRN: 5% (-2)
⚪️REF: 5% (+3)
SKS fans please explain
Also I am unconvinced by the whole "realised gain" thing. Pragmatically it makes sense to tax assets on "realisation" cos that's the one time people can't claim they are short of readies, but in priciple wealth is assets, not "realised" assets, and a wealth tax is allowed to reflect that
Andrew Neil @afneil
Zelenskyy on Johnson: much keener than Macron to send military support. “Johnson is a leader who is helping more. The leaders of countries react according to how their constituents act. In this case, Johnson is an example. Britain is definitely on our side.
UK has low unemployment (and high employment participation) by global standards.
Switzerland - as home of much of the world's geopolitically-connected wealth
Qatar - for Al Jazeera, its hydrocarbon reserves and the sheer depth of its resources to fund conflict
Singapore - as the lynchpin of trade in the Far East
Pakistan - the only nuclear armed Muslim state
I feel like both sides think the other is bluffing.
Redfield & Wilton Strategies
Boris Johnson leads Rishi Sunak by the widest margin since 18 Oct 2021.
At this moment, which of the following individuals do you think would be the better PM for the UK? (27 Mar)
Boris Johnson: 37% (+2)
Rishi Sunak: 28% (-5)
Changes +/- 20 Mar
Or this
Lowest % of 2019 Cons voters who say Sunak over Johnson since 31 May 2021.
At this moment, which of the following individuals do you think would be the better PM for the UK? (27 Mar)
Rishi Sunak: 20% (-6)
Boris Johnson: 61% (+3)
Changes +/- 20 Mar
Good to see the lighter evenings just in time for winter - apparently.
Reviewing the weekend's elections - in Malta, the incumbent Labour Party won a clear re-election polling just over 55% with the Nationalists just short of 42%. Some changes to the Maltese Parliament mean it's not as simple as how many seats you win:
https://www.maltatoday.com.mt/news/election-2022/115994/pn_awarded_two_extra_seats_through_proportional_mechanism#.YkH1W-fMKUk
Basically, Labour won on the day 39-26 but the Nationalists will get two extra seats to make it more proportional and then more seats will be added to create a stronger gender balance which will end up with Labour ahead 45-34.
In Saarland, the Greens missed the cut by some 300 votes meaning both they, the FDP and Linke all lost representation. This left the SPD on 29 seats, CDU on 19 and Alternative on 3. It's the first absolute majority since the CDU won 27 seats in 2004 and the first SPD majority since Oskar Lafontaine won in 1990.
The election bandwagon rolls into the Balkans in April with Slovenia voting at the end of the month and Serbia voting this Sunday. In 2020, the SNS Coalition (known as "Together We Can Do Everything" which is led by the Serbian Democratic Party, the Party of President Aleksandar Vucic who is also seeking re-election on Sunday) won 188 of the 250 seats in the National Assembly in a massive landslide (though a number of parties boycotted the poll).
Currently, 243 of the 250 National Assembly members support the Government.
The opposition is now called United Serbia and came together in November last year. It's broadly centrist and contains a dozen parties of various shapes, sizes and platforms. It's broadly centrist and the key players are the centre-Left Party of Freedom and Justice and the centrist Democratic Party.
Moramo is the Green party. Socialist Party/United Serbia supports the Government.
The latest poll as follows:
SNS Coalition: 44.7% (-19.8)
United Serbia: 20.1% (new)
Moramo: 5.8% (new)
Socialist Party/United Serbia: 5.7% (-4.7)
National Democratic Alternative (NADA): 3.3% (-1.6)
Enough is Enough/Healthy Serbia: 3.1% (-0.2)
Serbian Party Oathkeepers: 3.0% (+1.6)
There is a 3% threshold to enter the National Assembly. It looks as though Vucic and his coalition will be returned but with a significant reduction in their majority and United Serbia forming a strong opposition block.
Every New Year, we would run a "deemed disposal" process to notionally sell off all the unit trusts and then immediately notionally buy them all back. Any gains in the previous 12 months would be taxed, and units sold in the market for real to pay the tax. If the market had fallen over the 12 months, then the process worked the other way.
There is a lot of visceral anger about the parties while you couldn’t see dying relatives.
What's on?
There is a real danger this gets caught in a series of court cases and appeals that could turn the whole issue into a circus, especially as this is no more serious than a parking fine in criminal terms
She is going to chuck the job. Apparently they have trouble with staff retention. I wonder why?
I'd sort-of assumed there would be an online shift register at these places, that the staff could check. Apparently there is not, even in a large chain. It is all done by word-of-mouth from the manager.
Makes the Brittas Empire sound like a documentary...
(*) Are there data protection implications to staff having each other's numbers?
Plus, it won't last
Mail Online.
We are well past peak Sunak now. He may well become leader, but he will be deeply deeply unpopular with the public soon.
Fiddling will Rome burns comes to mind.
Wordle 282 6/6*
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🟨🟩🟩⬜⬜
⬜🟩🟩🟩🟩
⬜🟩🟩🟩🟩
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Chancellor of the Exchequer Rishi Sunak’s net approval rating stands at +1%, his lowest net approval rating to date. 34% say they approve of Rishi Sunak’s job performance (down 2%), while 33% disapprove (no change).
But there's a ferrets in sacks kerfuffle, mainly between the north and the south.
Impact on UK? Something but not sure.
There's talk about decoupling gas and electricity prices.
https://euobserver.com/climate/154602
But, then, I am an optimist. Just call me Dr Panglos
Totally out of touch.
I see the Mail has also found photo of him wandering around Westminster yesterday in £350 trainers that Kayne West wears.
I suppose at least he was working on a sunday.