interestrateripoff Posted February 25, 2013 Share Posted February 25, 2013 http://www.independent.co.uk/news/uk/home-news/english-people-who-relocate-to-wales-may-get-tax-breaks-8508749.html Taxpayers could be given a discount for living and working in Wales, as part of attempts to boost the country's underdeveloped economy. The British Government spends £18bn more on Wales every year than it gets back in tax – or £6,008 per head of the Welsh population. At present just one in 16 people earn more than £34,000 – the rate at which the higher 40 per cent tax band kicks in. Now, The Independent understands, the Treasury is proposing to allow the Welsh Assembly taxation powers that would allow it to vary the rates of tax that apply to people who live and work in Wales. The plan would allow parties in the Assembly to stand on a platform of tax raising or tax cutting to encourage investment and make the country more competitive. And tomorrow the leader of the Welsh Conservatives will suggest his party would cut tax for those in the middle band of 40 per cent to boost the economy. What next regional interest rates? They are getting more and more desperate to hide economic failings. Still should be good news for the public sector troughers in the Walsh economy. Quote Link to comment Share on other sites More sharing options...
erat_forte Posted February 25, 2013 Share Posted February 25, 2013 Its a sop to Welsh Nats, they have had these powers in Scotland for a decade an no-one has ever dared use them. Keep the rates pegged to the London rate. Quote Link to comment Share on other sites More sharing options...
cashinmattress Posted February 25, 2013 Share Posted February 25, 2013 Relocate for what jobs? Aren't they struggling already with the highest unemployment rate in the UK? Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted February 25, 2013 Share Posted February 25, 2013 The Welsh nats who run Wales will most likely give tax discounts to anything that uses Welsh - i.e. to themselves. Quote Link to comment Share on other sites More sharing options...
SarahBell Posted February 25, 2013 Share Posted February 25, 2013 Will they buy me a house near the beach with 4 acres of land? Quote Link to comment Share on other sites More sharing options...
R K Posted February 25, 2013 Share Posted February 25, 2013 tax breaks/house burned down tricky Quote Link to comment Share on other sites More sharing options...
Gone baby gone Posted February 25, 2013 Share Posted February 25, 2013 The Welsh nats who run Wales will most likely give tax discounts to anything that uses Welsh - i.e. to themselves. Anyone know how you say Starbucks in Welsh? Quote Link to comment Share on other sites More sharing options...
trippytinker Posted February 25, 2013 Share Posted February 25, 2013 'Round my way there are quite a few households whose main 'breadwinner' pays the higher rate tax. The thing is they usually have a pied-de-terre in London (sometimes Cardiff) where the work is, along with the holiday homes in warmer climes Quote Link to comment Share on other sites More sharing options...
trippytinker Posted February 25, 2013 Share Posted February 25, 2013 Anyone know how you say Starbucks in Welsh? Starbucks Quote Link to comment Share on other sites More sharing options...
Olebrum Posted February 25, 2013 Share Posted February 25, 2013 Relocate for what jobs?........... Burglary, Crack Dealing. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted February 25, 2013 Share Posted February 25, 2013 is this a typing error, did they mean 'leg' ? Quote Link to comment Share on other sites More sharing options...
WSG Posted February 25, 2013 Share Posted February 25, 2013 Anyone know how you say Starbucks in Welsh? wy ti'n hoffi froffi coffi? mun Quote Link to comment Share on other sites More sharing options...
19 year mortgage 8itch Posted February 25, 2013 Share Posted February 25, 2013 (edited) Anyone know how you say Starbucks in Welsh? Ffa coffi pawb Edited February 25, 2013 by SeeYouNextTuesday Quote Link to comment Share on other sites More sharing options...
SpectrumFX Posted February 25, 2013 Share Posted February 25, 2013 How would it work? If you lived in Cardiff and worked in Bristol what rates would you pay, the English or the Welsh? Quote Link to comment Share on other sites More sharing options...
trippytinker Posted February 25, 2013 Share Posted February 25, 2013 How would it work? If you lived in Cardiff and worked in Bristol what rates would you pay, the English or the Welsh? Work for Starbucks and don't pay any UK tax Quote Link to comment Share on other sites More sharing options...
ROC Posted February 25, 2013 Share Posted February 25, 2013 How would it work? If you lived in Cardiff and worked in Bristol what rates would you pay, the English or the Welsh? The commuting might take its toll.... Quote Link to comment Share on other sites More sharing options...
tomandlu Posted February 25, 2013 Share Posted February 25, 2013 The commuting might take its toll.... The toll might take its toll... Quote Link to comment Share on other sites More sharing options...
SpectrumFX Posted February 25, 2013 Share Posted February 25, 2013 The commuting might take its toll.... High speed rail's coming. Quote Link to comment Share on other sites More sharing options...
Caius Posted February 25, 2013 Share Posted February 25, 2013 Tax varying powers for the Welsh Assembly is somehow turned into an article about tax breaks for English people. Unbelievable. I wonder from whose perspective that article was written? Tax varying powers are to do with making the politicians in Cardiff more responsible for the money they spend. Quote Link to comment Share on other sites More sharing options...
dalek Posted February 25, 2013 Share Posted February 25, 2013 Anyone know how you say Starbucks in Welsh? 'Serenpres' or 'Serenarian' Quote Link to comment Share on other sites More sharing options...
CrashedOutAndBurned Posted February 25, 2013 Share Posted February 25, 2013 Anyone know how you say Starbucks in Welsh? Stabwcs? Quote Link to comment Share on other sites More sharing options...
Byron Posted February 25, 2013 Share Posted February 25, 2013 The Starbucks article is a bit of hot ffroffi coffi itself. There is nothing to say that the inevitably left wing Welsh Government won't put up taxes. They will be under pressure to stop English people settling in Wales. N.B. The article says live and work in Wales. t Tax breaks would have to be paid for by cutting elsewhere. It is OK for the Conservatives to promise the moon. They are not likely to be called upon to deliver. (Although Nick Clegg thought he was safe mouthing off about student grants etc.) Quote Link to comment Share on other sites More sharing options...
the shaping machine Posted February 25, 2013 Share Posted February 25, 2013 There is nothing to say that the inevitably left wing Welsh Government won't put up taxes. One of the advantages of devolving power from the centre is the ability to experiment with multiple policies in parallel and see which ones actually work best. If high taxes and spending "works", then if Wales were to choose that route it would power ahead of the rest of the UK. If stagnation and bankruptcy is the result, then British socialism will just die from the west first. Quote Link to comment Share on other sites More sharing options...
gf3 Posted February 25, 2013 Share Posted February 25, 2013 Anyone know how you say Starbucks in Welsh? seren bychod. http://www.translation-guide.com/free_online_translators.php?from=English&to=Welsh Quote Link to comment Share on other sites More sharing options...
Caius Posted February 25, 2013 Share Posted February 25, 2013 Of course, in English it's 'Star Buckingham shire'. Bit of a mouthful but there we are..... Quote Link to comment Share on other sites More sharing options...
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