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The secret economics destroying Britain
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By *andu66 OP Couple 48 weeks ago
South Devon |
https://youtu.be/DVvoyRpxG-A?si=egD7EcKVXALMfV3t
Gary Stevenson @garyseconomics was Citibank's most profitable trader in 2011 by predicting there would be an increase in economic inequality. Now, he spends his time exposing the inequality embedded into the global economic system. |
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By (user no longer on site) 48 weeks ago
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I'm cynical he's the most profitable trader when wiki suggests he was only bank a few mil in bonuses.
Doesn't make him wrong. CBA to listen ... My reading list is too long as it speaks... Just starts me off cynical. |
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"https://youtu.be/DVvoyRpxG-A?si=egD7EcKVXALMfV3t
Gary Stevenson @garyseconomics was Citibank's most profitable trader in 2011 by predicting there would be an increase in economic inequality. Now, he spends his time exposing the inequality embedded into the global economic system."
I have come across this guy he was on politics live last year, he knows economics for sure. |
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By *andu66 OP Couple 48 weeks ago
South Devon |
"https://youtu.be/DVvoyRpxG-A?si=egD7EcKVXALMfV3t
Gary Stevenson @garyseconomics was Citibank's most profitable trader in 2011 by predicting there would be an increase in economic inequality. Now, he spends his time exposing the inequality embedded into the global economic system.
I have come across this guy he was on politics live last year, he knows economics for sure."
Yep just listened to some more of his stuff on YouTube, it's very good, makes you realise that the budget is just blowing smoke up peoples backsides |
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"https://youtu.be/DVvoyRpxG-A?si=egD7EcKVXALMfV3t
Gary Stevenson @garyseconomics was Citibank's most profitable trader in 2011 by predicting there would be an increase in economic inequality. Now, he spends his time exposing the inequality embedded into the global economic system.
I have come across this guy he was on politics live last year, he knows economics for sure.
Yep just listened to some more of his stuff on YouTube, it's very good, makes you realise that the budget is just blowing smoke up peoples backsides"
I thing I take from him is tax cuts which are not tax cuts at all, just giving in one area and taking the cut back in another area, when will we do something about this. |
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By *andu66 OP Couple 48 weeks ago
South Devon |
"https://youtu.be/DVvoyRpxG-A?si=egD7EcKVXALMfV3t
Gary Stevenson @garyseconomics was Citibank's most profitable trader in 2011 by predicting there would be an increase in economic inequality. Now, he spends his time exposing the inequality embedded into the global economic system.
I have come across this guy he was on politics live last year, he knows economics for sure.
Yep just listened to some more of his stuff on YouTube, it's very good, makes you realise that the budget is just blowing smoke up peoples backsides
I thing I take from him is tax cuts which are not tax cuts at all, just giving in one area and taking the cut back in another area, when will we do something about this."
Yep tip bits for everyday people, keep them happy. |
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By *andu66 OP Couple 48 weeks ago
South Devon |
"2011
Profitable city trader
YouTube channel.
Says it all there ..
"
A bit like all those banks Santander etc who have YouTube channels, record companies, insurance companies the list is endless....I forgot about apple, Microsoft....must be something in it  |
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"https://youtu.be/DVvoyRpxG-A?si=egD7EcKVXALMfV3t
Gary Stevenson @garyseconomics was Citibank's most profitable trader in 2011 by predicting there would be an increase in economic inequality. Now, he spends his time exposing the inequality embedded into the global economic system."
The biggest economy destroying Britain is the CASH economy as no tax is payed..
Oh did I add do you want a discount for cash.. |
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"https://youtu.be/DVvoyRpxG-A?si=egD7EcKVXALMfV3t
Gary Stevenson @garyseconomics was Citibank's most profitable trader in 2011 by predicting there would be an increase in economic inequality. Now, he spends his time exposing the inequality embedded into the global economic system.
The biggest economy destroying Britain is the CASH economy as no tax is payed..
Oh did I add do you want a discount for cash.."
It's sweeties compared to what the big boys avoid paying tax on. Still let's focus on them and leave the Non Dom status in place |
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"https://youtu.be/DVvoyRpxG-A?si=egD7EcKVXALMfV3t
Gary Stevenson @garyseconomics was Citibank's most profitable trader in 2011 by predicting there would be an increase in economic inequality. Now, he spends his time exposing the inequality embedded into the global economic system.
The biggest economy destroying Britain is the CASH economy as no tax is payed..
Oh did I add do you want a discount for cash..
It's sweeties compared to what the big boys avoid paying tax on. Still let's focus on them and leave the Non Dom status in place "
What do you class as sweeties the big boys will and can avoid tax but there are so meany loopholes it's hard not to use them. |
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"https://youtu.be/DVvoyRpxG-A?si=egD7EcKVXALMfV3t
Gary Stevenson @garyseconomics was Citibank's most profitable trader in 2011 by predicting there would be an increase in economic inequality. Now, he spends his time exposing the inequality embedded into the global economic system.
The biggest economy destroying Britain is the CASH economy as no tax is payed..
Oh did I add do you want a discount for cash..
It's sweeties compared to what the big boys avoid paying tax on. Still let's focus on them and leave the Non Dom status in place
What do you class as sweeties the big boys will and can avoid tax but there are so meany loopholes it's hard not to use them. "
How many people use their capital gains tax allowance of 12.5 thousand pound tax free cash?. |
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By *andu66 OP Couple 48 weeks ago
South Devon |
"https://youtu.be/DVvoyRpxG-A?si=egD7EcKVXALMfV3t
Gary Stevenson @garyseconomics was Citibank's most profitable trader in 2011 by predicting there would be an increase in economic inequality. Now, he spends his time exposing the inequality embedded into the global economic system.
The biggest economy destroying Britain is the CASH economy as no tax is payed..
Oh did I add do you want a discount for cash.."
What are the figures for this cash economy that is destroying Britain?
Amazon’s main UK division has paid no corporation tax for the second year in a row.
https://amp-theguardian-com.cdn.ampproject.org/v/s/amp.theguardian.com/technology/2023/jun/01/amazon-uk-services-main-division-pay-no-corporation-tax-for-second-year-in-row-tax-credit-government-super-deduction-scheme?amp_gsa=1&_js_v=a9&usqp=mq331AQIUAKwASCAAgM%3D#amp_tf=From%20%251%24s&aoh=17097001408245&referrer=https%3A%2F%2Fwww.google.com&share=https%3A%2F%2Fwww.theguardian.com%2Ftechnology%2F2023%2Fjun%2F01%2Famazon-uk-services-main-division-pay-no-corporation-tax-for-second-year-in-row-tax-credit-government-super-deduction-scheme
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"Amazon’s main UK division has paid no corporation tax for the second year in a row."
Amazon owes no corporation tax in the UK because they spend all of their profits on investment. They spent over £1.6bn on infrastructure in 2022. That's money that created UK fixed assets, and guaranteed UK jobs and services. |
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By *andu66 OP Couple 48 weeks ago
South Devon |
"Amazon’s main UK division has paid no corporation tax for the second year in a row.
Amazon owes no corporation tax in the UK because they spend all of their profits on investment. They spent over £1.6bn on infrastructure in 2022. That's money that created UK fixed assets, and guaranteed UK jobs and services."
Amazon’s tax avoidance could have cost the UK economy around half a billion pounds in 2021
https://www.ethicalconsumer.org/retailers/amazons-tax-avoidance-could-have-cost-uk-economy-around-half-billion-pounds-2021 |
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By *andu66 OP Couple 48 weeks ago
South Devon |
Amazon raked in £24billion last year... yet paid out just 3.3% tax
https://www-dailymail-co-uk.cdn.ampproject.org/v/s/www.dailymail.co.uk/news/article-12146081/amp/Amazon-raked-24billion-year-paid-just-3-3-tax.html?amp_gsa=1&_js_v=a9&usqp=mq331AQIUAKwASCAAgM%3D#amp_tf=From%20%251%24s&aoh=17097032448894&referrer=https%3A%2F%2Fwww.google.com&share=https%3A%2F%2Fwww.dailymail.co.uk%2Fnews%2Farticle-12146081%2FAmazon-raked-24billion-year-paid-just-3-3-tax.html |
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By *uietbloke67Man 48 weeks ago
outside your bedroom window ;-) |
"2011
Profitable city trader
YouTube channel.
Says it all there ..
A bit like all those banks Santander etc who have YouTube channels, record companies, insurance companies the list is endless....I forgot about apple, Microsoft....must be something in it "
Yip anyone with a YouTube channel to flog their spurious nonsense, says it all there.
Your right, though I don't think that's the answer you expected. |
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By (user no longer on site) 48 weeks ago
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"Amazon raked in £24billion last year... yet paid out just 3.3% tax
https://www-dailymail-co-uk.cdn.ampproject.org/v/s/www.dailymail.co.uk/news/article-12146081/amp/Amazon-raked-24billion-year-paid-just-3-3-tax.html?amp_gsa=1&_js_v=a9&usqp=mq331AQIUAKwASCAAgM%3D#amp_tf=From%20%251%24s&aoh=17097032448894&referrer=https%3A%2F%2Fwww.google.com&share=https%3A%2F%2Fwww.dailymail.co.uk%2Fnews%2Farticle-12146081%2FAmazon-raked-24billion-year-paid-just-3-3-tax.html"
revenues isn't the same as profit tho. So not clear what the point here is. |
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By *andu66 OP Couple 48 weeks ago
South Devon |
"Amazon raked in £24billion last year... yet paid out just 3.3% tax
https://www-dailymail-co-uk.cdn.ampproject.org/v/s/www.dailymail.co.uk/news/article-12146081/amp/Amazon-raked-24billion-year-paid-just-3-3-tax.html?amp_gsa=1&_js_v=a9&usqp=mq331AQIUAKwASCAAgM%3D#amp_tf=From%20%251%24s&aoh=17097032448894&referrer=https%3A%2F%2Fwww.google.com&share=https%3A%2F%2Fwww.dailymail.co.uk%2Fnews%2Farticle-12146081%2FAmazon-raked-24billion-year-paid-just-3-3-tax.htmlrevenues isn't the same as profit tho. So not clear what the point here is. "
The point is billions and billions!
The U.K., along with its so-called “second empire” — its overseas territories and crown dependencies — is responsible for nearly a quarter (24%) of such losses, making it “the world’s greatest enabler of global corporate tax abuse
https://www.icij.org/investigations/paradise-papers/tax-havens-could-cost-countries-4-7-trillion-over-the-next-decade-advocacy-group-warns/ |
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By (user no longer on site) 48 weeks ago
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"Amazon raked in £24billion last year... yet paid out just 3.3% tax
https://www-dailymail-co-uk.cdn.ampproject.org/v/s/www.dailymail.co.uk/news/article-12146081/amp/Amazon-raked-24billion-year-paid-just-3-3-tax.html?amp_gsa=1&_js_v=a9&usqp=mq331AQIUAKwASCAAgM%3D#amp_tf=From%20%251%24s&aoh=17097032448894&referrer=https%3A%2F%2Fwww.google.com&share=https%3A%2F%2Fwww.dailymail.co.uk%2Fnews%2Farticle-12146081%2FAmazon-raked-24billion-year-paid-just-3-3-tax.htmlrevenues isn't the same as profit tho. So not clear what the point here is.
The point is billions and billions!
The U.K., along with its so-called “second empire” — its overseas territories and crown dependencies — is responsible for nearly a quarter (24%) of such losses, making it “the world’s greatest enabler of global corporate tax abuse
https://www.icij.org/investigations/paradise-papers/tax-havens-could-cost-countries-4-7-trillion-over-the-next-decade-advocacy-group-warns/"
you're bouncing which may be confusing your points
The DM suggets the 24bn is revenue. That's not the normal number to base a tax rate on.
(Imo a revenue tax when a firm is above xbn may be a good idea)
Have Amazon done some clever accounting to move a UK profit? Possibly. The article says they don't disclose profit but the US co is loss making.
That's one set of questions.
Is the UK connected to territories that allow one to reduce taxes massively. Yes we are via BVI etc. How much of this missed tax is UK tax ? Not sure. I'd imagine many conpanies use these havens. Not just British.
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By *andu66 OP Couple 48 weeks ago
South Devon |
Two offshore firms, 19 secrecy jurisdictions, 13.4 million files. The Paradise Papers expose the secrets of the global elite.
https://www.icij.org/investigations/paradise-papers/watch-the-paradise-papers-secrets-of-the-global-elite/ |
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"Two offshore firms, 19 secrecy jurisdictions, 13.4 million files. The Paradise Papers expose the secrets of the global elite.
https://www.icij.org/investigations/paradise-papers/watch-the-paradise-papers-secrets-of-the-global-elite/"
Don't hate wealth cuz subconsciously you will never become what you hate.  |
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By *andu66 OP Couple 48 weeks ago
South Devon |
"Two offshore firms, 19 secrecy jurisdictions, 13.4 million files. The Paradise Papers expose the secrets of the global elite.
https://www.icij.org/investigations/paradise-papers/watch-the-paradise-papers-secrets-of-the-global-elite/
Don't hate wealth cuz subconsciously you will never become what you hate. "
I hate picked onions and I will continue to do so, imagine becoming a pickled onion |
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"Amazon raked in £24billion last year... yet paid out just 3.3% tax"
"revenues isn't the same as profit tho. So not clear what the point here is."
"The point is billions and billions!"
It's not much of a point.
Amazon made billions and billions, and also spent billions and billions, meaning that they made almost no profit, so they don't owe much tax.
Unless your point is that big companies are bad just because they're big. |
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