The Labour Government

[stonerblue]

All the liberal lefties who've insisted for so long that all our economic woes are due to the big corps and wealthiest individuals avoiding paying their fair share of tax contributions... any indication when Keef and Rach are going to start targeting these in a meaningful way?

Amazon and others paying more ni.

 

[Kirkstall Blue]

called it after the Trump victory, Musk will do all he can to get Labour out and Farage in.

Online it’s every thread full of nonsense everyone includes a racist slur or remark the trolls are out in force.

 

[Vic]

Is there any evidence for that? I thought the government had released some data trying to show that it would mainly affect the big farms but I could be wrong not looked in much detail.

No idea why that's all in italics and can't be bothered trying to change it.

Well, if it's a family farm and the family are still working it, bigger the farm the more tax to pay. Or make it a company and divvy up the shares rather than wait for the old folk to die.

BBC this a.m. reinforced the asset rich / cash poor argument by saying the return on farming assets is 0.5%... £10,000 income on a farm worth £2m?

 

[BlueHammer85]

Online it’s every thread full of nonsense everyone includes a racist slur or remark the trolls are out in force.

Yep, Its so obvious. lets see how easily duped the public are.

 

[Vic]

Or staying warm and alive.

Seriously, no-one needs to die for the sake of £2 a week. If it were, why not give it to children living in poverty?

 

[Vic]

Yep, Its so obvious. lets see how easily duped the public are.

Some of the public on here are doing the duping.

 

[bluenova]

Well, if it's a family farm and the family are still working it, bigger the farm the more tax to pay. Or make it a company and divvy up the shares rather than wait for the old folk to die.

BBC this a.m. reinforced the asset rich / cash poor argument by saying the return on farming assets is 0.5%... £10,000 income on a farm worth £2m?

I assume they pointed out that farmers are looking forward to that return improving, when the value of farmland becomes linked to farming, instead of it's value as a tax dodge?

 

[bluethrunthru]

what a cock Clarkson is - when presented with his own words he has a melt down

 

[metalblue]

Is there any evidence for that? I thought the government had released some data trying to show that it would mainly affect the big farms but I could be wrong not looked in much detail.

No idea why that's all in italics and can't be bothered trying to change it.

The governments own figures show return on investment (ie value of assets employed) at 0.5% so a farm with £1m worth of land provides a profit (after all costs, salaries etc) of £5k.

Link here https://www.gov.uk/government/stati...-statistics-notice#return-on-capital-employed

Now that’s quite technical so a better view is provided here https://rural.struttandparker.com/w...rable-profitability-forecasts_Winter23_24.pdf

Here we’re looking at around £250 profit per hectare planted - if the average farm is 80 hectares thats about £20k income the farmer has to live on (they won’t have housing costs or probity even utilities to pay out of that) but it’s not a kings ransom and if you have to start trying to pay a mortgage to cover IHT it’s not going to be viable.

Farmers aren’t wealthy nor are they on the arses - but they are a lot nearer being on their arses. I also get that it’s used as a tax fiddle by some - distinguish working farms is probably not easy either.

 

[metalblue]

Well, if it's a family farm and the family are still working it, bigger the farm the more tax to pay. Or make it a company and divvy up the shares rather than wait for the old folk to die.

BBC this a.m. reinforced the asset rich / cash poor argument by saying the return on farming assets is 0.5%... £10,000 income on a farm worth £2m?

I do think there are plenty of ways around it so perhaps a bit of a storm in a tea cup.