Cable Forum - View Single Post

tweetiepooh · 09-09-2022, 09:52

The issue then should be to collect the tax at income properly from these individuals, collect capital gains as appropriate, tax interest earned. But the super rich always find ways to lessen their tax burden at the expense of everyone else.

The difficulty as always is hitting the right target without collateral damage. If some rich person acquires lots of paintings but then permanently lends them to a public gallery does that get different treatment to someone who buys a painting from someone unknown who gets discovered and becomes extremely valuable but is hanging in their front room. Do we have to have exceptions and exemptions and on it all goes?

09-09-2022, 09:52	#66
tweetiepooh Virgin Media Employee Join Date: Sep 2005 Location: Winchester Services: Staff MyRates BB: VM XXL TV: VM XL Phone : VM XL Posts: 3,117	Re: Is it time to leave the UK? The issue then should be to collect the tax at income properly from these individuals, collect capital gains as appropriate, tax interest earned. But the super rich always find ways to lessen their tax burden at the expense of everyone else. The difficulty as always is hitting the right target without collateral damage. If some rich person acquires lots of paintings but then permanently lends them to a public gallery does that get different treatment to someone who buys a painting from someone unknown who gets discovered and becomes extremely valuable but is hanging in their front room. Do we have to have exceptions and exemptions and on it all goes? __________________ I work for VMO2 but reply here in my own right. Any help or advice is made on a best-effort basis. No comments construe any obligation on VMO2 or its employees.