Digby Says Taxing Non-Doms is a Dud
Digby Jones is a pro-business Thatcherite so going into Gordon's big tent was always going to involve him holding his nose. In the morning's FT he says he wasn't consulted over Labour's copycat plan to tax foreign businessman, that it is not popular with businessman he meets as he tries to drum up inward investment. Shooting the golden goose is crazy, wealthy foreigners boost the economy. Osborne should know better. Digby knows it, the City knows it, but they don't have any votes.
48 comments:
So why doesn't he show us he has some principles and resign his post then?
Who cares what fat unelected welshmen Jones thinks about anything. He is a traitor to this country and collaborating with aa oppressive foriegn regime. What exactly is Thatcherite abiout him? Thatcher wanted a small state he supports the biggest statist party since Stalin was about. Wake up from your profound pathological trance Guido! This fat man is trying to destroy Britain.
Perhaps a small donation to Labour from some non-doms will make Gordon see some sense.
Corruption? In the UK? Don't make me laugh!
What's the point of giving him a job and then not using him?
Perhaps they forgot about him.
Declare your interest MrFawkes!
The Nom-Doms should pay their fair share or fuck off.
Declare your interest!
Any cunt who works for that cunt Brown is a CUNT
It's not just non-doms.
Hard working Brits are driven overseas by excessive taxation, too.
Read Tom Bowyer's biography of Snot Gobbler. Throughout the 90s, McBean attacked Tory tax increases in public, yet knew full well in private that his biggest grievance was that taxation had not gone up enough.
Since then, he has taxed by stealth - i.e., sneakily and without principle. He raided pensions and he has relied on fiscal drag.
Brown is a compulsive liar and an extremist who has bnever really had a proper job outside politics.
Government Minister attacks official Treasury policy. Result: Silence
4 Labour MPs insist Government sticks to manifesto pledge. Result: Threat of expulsion from Party.
Big Tent? Try Parallel Universe.
Non-doms should pay tax like everyone else. People should be taxed on their worldwide earnings just as the USA taxes its citizens. Only in our topsy turvy country could the rich pay less tax than the middle and working classes. And this is not a new situation. When I was at uni a mate of mine got a grant despite his foreign parents being multi-millionaires. If they don't want to pay the tax and decide to leave the country, fair enough. As for those bleating about
people who might leave the City: fine, I am sure there are plenty of Essex lads ready to take their places. I might even consider it myself. Having worked in banking and M&A I know what I am talking about. The tax man is ripped off by the rich leaving those at the bottom to pick up the tab.
as regards Osborne...could this have been a deliberate Double Bluff????
delightful if it was!
Don't worry, Sir Guido.
By midday, Big Dig will have been to Downing Street, spoken to Broon and suddenly he will be entirely supportive of the government's non-dom policy.
Furthermore, he will suddenly remember that he was consulted fully on the policy. after all.
He will be seen leaving Number Ten rubbing his backside and will claim 'he fell down some stairs'.
I remember the days when we had a Tory Chancellor who wanted to simplify the tax structure. I thought
the idea was people should be treated equally. How can that apply when deals are structured and people remunerated on an unequal basis from a tax perspective. It stinks. And it is economically inefficient. One of the few good things the EU might do is stop people/entities picking and choosing tax jurisdictions.
Sir Digby Chicken Caesar is a traitor to the working Brit. He is a lawyer, not a businessman and as such is yet another politico-stooge mouthpiece to rubber stamp the governments immigration policy to the benefit of big business.
In any case he is no longer DG of the CBI, his judas role having been successfully executed,so why should he have been involved?
The cunt.
It was the Tories under John Major who started the stealth taxes which NuLabour turned to an art form.
Quite right anon 10:04. Lawyers document and ensure that deals are legal but they don't do them.
Yep remember the gas tax, when the Tories came to power in'79 they decided gas was too cheap, so they raised it by 9% above the rate of inflation for 4 years, raising £400 million and creamed it off. And didn't they Tories make a big thing about taxing nomdoms a short time ago.
He looks like he's just accidentally sat on a bottle of HP sauce...
Digby Jones is a bottom feeding ex M&A scrote who mistakenly gains some credibility by having a name closely resembling the exceptional and now deceased Sir John Harvey Jones.
His interest is in fees for his friends, not industry itself.
When infesting the Square Mile a few years back, I was told by a British Telecom insider that 65% of BT's UK profits (at the time) where generated from 4 posctodes - EC1-4.
Shame the non-voting piper doesn't get to call the occasional spending tune. A toxic mix, the old welfare state and democracy.
il baggio 10:02am
"seen leaving Number Ten rubbing his backside and will claim 'he fell down some stairs'."
No. "...rubbing his backside and will claim he fell awkwardly on the hoover."
Dear Digby should have realised that joining the big tent meant he would have to go along with their policies - a form of 'collective responsibility'.
As has been mentioned above, if he does not like it then he can always resign.
Off topic: Why the great whooha about the Archbishop's comments? Orthodox Jewish courts already exist in this country (as well as the C of E courts)- so why not Islamic ones? Doesn't Mr Bean already know of their existence?
"65% of BT's UK profits (at the time) where generated from 4 posctodes - EC1-4."
Is that profits or revenue?
Lady Sir Digby Bendover is not taff, come from Bromsgove in Worcestershire. Everything else is right though, horrible fat cunt, who gives a fuck what he says apart from brain-dead audience on question time, clap like fucking penguins. Photograph looks like great social reformer, Hermann Goering; fat, jowly, hair a little too hairy,dear, and a whiff of rank decadence; sweaty, too. Maybe more in common with nutter-premier than we think. Every picture tells a story.
See you, me and Gordon, down by the Schoolyard.
On this Guido you are profoundly wrong and self-interested.
Those who work in the City and Sir Digby can vote. But the majority of UK citizens are sick of rich foreigners having undue political influence or owning our football clubs or enjoying life in Britain without paying the same level of tax as Firemen, Nurses or Bus drivers do.
When they are Russian gangsters or the sons of Arab princes on the booze, hoes and charlie trail, when any other non-gangster/princling from their country would end up being tortured in prison or executed back home for indulging in the same kind of antics, how can you defend them? I didn't know being a libetarian means one rule for us another rule for the filthy rich - makes a mockery of your campaigns against New Labour sleaze if it does.
Digby's a tart any way, a job offer from Gordon and its good bye UCL and nose in the trough - fuck him!
No representation without taxation!
Stanislav - were you released by a radical priest?
If you have one tax rule for one group and one for another you will be argueing for one religious law for one group next. Abolish income tax, replace it with a higher sales tax and then non-dom rich will pay there fair share when they spend as will everybody else.
Ok, just had a coversation on this subject with an old chum who's a non-dom, and see his point of view.
Scenario - you come to UK with your family, fleeing murderous regime, bringing your wealth with you, private education, then off into wide world, and turn small fortune into huge one - overseas.
When set for twenty lifetimes you come back to country that took you in and start spending handsomely, houses , boats, buildings, planes polo ponies, WTF etc. Yet, main assets are still overseas, and anything brought in, or earned here is taxed the same as anybody. HMG has a simple choice - follow the example of the famously greedy IRS and tax worldwide income, even AFTER you leave the US, or decide it might be a good idea to encourage the likes of my example to set up and STAY in the UK, and contribute their lot if not their all.
Now, if we leave aside the tax-politics of envy, this is a no-brainer, and has worked to Britain's VERY considerable advantage for a long time, as everyone here knows, and even that cunt Gay Gordo understood until he'd spent every other fucking penny he could lay his hand on.
So if this hare-brained sop of a scheme goes ahead, people like my chum will join the Philip Greens of the international world and decamp to one of his properties overseas, and limit himself to 90 days or less in the UK. Fire the staff, sell the houses, move the plane to Monaco from Blackbushe, get a lockup & leave pied-a-terre.
Very clever Gordo. I know at least one person who is contemplating this now, how many others might there be? No-one likes to give money away unnecessarily, and what I wasn't told, but if I were in that position is that the proceeds are being squandered disastrously on multiple benefits for muslims, reducing the Liberians inferior debt levels, on the fucking Jocks and keeping ZaNuLab in power by any and all means.
THAT would make me fold my silken tent and scram if nothing else.
The Gorgon, as he has told us is no accountant - but the ignoraant snot-gobbling pig can't even add up
Come out you freak, and fuck off.
Dear Cassandra
Daniel Berrigan, the radical priest in question, not as far as we know one of Pope Nazi's child-befriending, soldiers for sodomy, wrote a book called America is hard to find. One wonders if, today, he would even bother looking.
Being a plumber stanislav is habituated to customising tools for the job and given (one of) the nutter-premier's afflictions -cuntus picturatum opportunis infantismus - the refrain, see you, me and Gordon, down by the schoolyard, leapt, unbidden, into his chaotic Polish toolbag.
It is sometime. perhaps all of a week, since Nancy was photographed among adoring infants, cattle-prodded by Brown apparatchiks into smiles of welcome for the horrible fucking halitotic Jock bastard. Look, darlings, this fucking nutter is the prime minister; smile, you little bastards.
45 Govt
Do you live in the UK?
When I was in banking tax dodging seemed the driving force for most people coming to the UK or going to work overseas. In other words the tax payer was subsidising their jobs and their employers.
Those who don't want to pay a fair share to be in this country should go elsewhere.
I seem to recall during the 80s residents of the Channel Islands (with British passports) could only spend 90 days a year in the UK otherwise they became to UK domestic tax. I am not sure if this is still the case but suspect it is. So do we have a situation where the revenue penalised Her Majesty's subjects living outside their jurisdiction whilst privileging foreigners living inside it?
The last time a Government of all the Talents was around.....
After the collapse of Lord Derby's minority government, the Whigs and Peelites formed a coalition under the Peelite leader Lord Aberdeen. The government resigned in early 1855 after a large parliamentary majority voted for a select committee to enquire into the incompetent management
Deja vu anyone?
Calm down, dear, it's only a millionaire. There's one on virtually every street corner these days.
Sir Dogby Bigwad is one of my many acquaintances and I can tell you that he is an unspeakable cunt.
Always has been.
45 govt
A lot of your mates expenditure will be via an offshore credit card and therefore not taxed as income
And lo, what Il Shito-Baggio said came to pass:
http://www.thisislondon.co.uk/standard/article-23436411-details/Digby+Jones+backtracks+on+non-dom+tax+%27threat%27/article.do
I heard he was trying to change the system from within.
Which explains why he was trussed up in a giant tampax costume, anyway.
What difference does £30,000 a year tax AFTER living here for 7 yers, make to the super rich anway? I wonder which one of Sir Dogsbreath's mates put him up to this?
Honeyrose
anon 10.01am
Methinks you may have a point there.
It is so delightfully executed, Osborne announces tax on non-doms and Labour pinch the policy only for it to backfire dramatically.
Shit, where's the fuse on the IHT policy?
Seems awfully strange that when Blair was in office everything although shit was relatively stable.
Brown gets in and within weeks the shit hits the fan on one small thing then triggers off a whole series of problems.
Maybe these were the landmines left by Blair and co in thanks for all the roadblocks, plotting and scheming Broon did over ten years.
Bet Blair and Cherie are pissing themselves laughing, couldn't happen to a nicer bloke.
These people don't do anything for society except leech of it and force up housing prices - why don't we just ask them to leave by REALLY taxing them and free up some housing stock.
Digby Jones' argument is a non-sequitur. If the non-doms' wealth is all invested offshore how can they be generating wealth here? The reality is that there are a number of very rich non-doms living here with substantial UK property portfolios that are held by UK property companies with offshore parents. A lot of them figure in the Times Rich Lists - go figure who they are. The UK property companies pay little or no tax because the companies are very highly geared/have a smnattering of capital allowances for their fixtures. The offshore parent realises a capital gain on the increasing value of the property by selling the UK property shares, and the offshore company can also extract cash by extending the terms of the property leases and refinancing against the longer term. The profits end up in some sunny country, and are brought onshore by standard wheezes such as bringing it in as capital not income or by paying for goods on foreign credit cards that are settled from offshore bank accounts.
Digby Jones is really protecting his friends in the legal and accounting professions.
digby's a fucking idiot.
oh and he's full of shit.
not my most literary contribution but enough to sum this fat cunt up.
Enough already of the casino economy!London is now so expensive due to ludicrous house prices and over-priced services that real Londoners can hardly afford to live or raise families there anymore. It's different is you're an MP or a similar doyen of the policial class. After all, they get by through fiddling their expenses. These Nom-Dom types should either pay up or piss off. That being said, the answer lies in the simplification and overhaul of tax rates - no one, be they millionaire or cleaner, should be paying more than 25% of their income in tax. Unlikely, as the tossers who rule us build their careers on dreaming up even more stupid ways to waste our money.
Anonymous 9:24 AM, which part of Wales is Birmingham, in?
I only ask because that is where he was born. Not in Wales. Mind you, with a knowledge of geography like yours, you could have a job in NuLiebour as minister for ShatNav, or something.
Does anyone think Digby Jones really believed Gudrun Brown actually gave a hoot about Digby and his business chums?
You know, I think he probably did, poor sod.
But there's something Gudrun Brown seems to have overlooked.
It is wise not to piss off a Brummie. Because Brummies do not like being pissed off. And might react in ways unpredictable to 'Man of the Manse' Brown...
Am I missing something? Allowing billionaire oligarchs to buy up UK property, superficially inflating property prices without generating wealth in this country is good? Is it not just like printing money?
sort of anon 11:05am - profits.
It doesn't matter. The super rich will just pay the 30k, the moderately well off will continue to run charities where the tax free money is transferred to accounts in 3rd world countries. The charities commission won't bother them.
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