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#1401 |
Mostly harmless
Join Date: Jul 2004
Location: Nor Flanden
Posts: 36,654
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"You got to use your brain." - McKinley Morganfield "The poor mystic homeopaths feel like petted house-cats thrown at high flood on the breaking ice." - Leon Trotsky |
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#1402 |
should be banned
Join Date: Apr 2002
Location: Earth, specifically the crusty bit on the outside
Posts: 18,215
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#1403 |
Penultimate Amazing
Join Date: Dec 2006
Location: US of A
Posts: 16,306
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Exemption is the wrong word. As a U.S. resident he would be liable for U.S. taxes on his world-wide income. But as a UK citizen and resident he would pay taxes in the UK, and would claim the amount he paid there as a deduction or credit on his U.S. taxes. He doesn't get "exempted" in either place. And I don't know whether the UK taxes all income from all global sources, as the U.S. does, or whether it just taxes income from UK sources, in which case he might well owe U.S. taxes on income earned outside the UK.
Chances are that as a near-billionaire he has income from multiple sources, and will hire the best lawyers to minimize his taxes everywhere. |
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#1404 |
Loggerheaded, earth-vexing fustilarian
Join Date: Sep 2006
Location: Wales
Posts: 29,009
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When we lived in Greece we paid Greek taxes on our total income, wherever it was earned. But if tax was deducted at source in the UK on some element of that, we weren't necessarily in the clear.
Let's say a small pension was taxed in the UK, amounting to £100 total tax in a year. If the Greek tax on the income would have been £150 (Euro equivalent) then we were still obliged to pay the difference, i.e. £50. There was no absolute exemption, just an allowance for tax already paid. |
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"Even a broken clock is right twice a day. MS Estonia CT is a clock with no hands." - Blobby |
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#1405 |
Philosophile
Join Date: Dec 2009
Location: Osaka, Japan
Posts: 33,733
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Слава Україні! **** Putin! |
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#1406 |
Winking at the Moon
Administrator
Join Date: Sep 2008
Location: UK
Posts: 15,903
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No, that's not how that it works. It's not an either/or, it's a both. He could claim an allowance for UK tax paid, but not exemption.
He was UK resident at the time he held a Green Card. He was therefore liable to both UK tax and US tax, but as a UK resident his US tax liability was decreased by the 'foreign earned income exclusions' and/or 'foreign income tax credits'. He was obligated to file a US tax return as well as (not instead of) a UK tax return. If he had a liability to pay US tax on something that's not taxable in the UK, he would have to pay it just like Johnson had to pay US CGT on selling his only or main residence in the UK. |
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Why can't you be more like Agatha? - Loss Leader |
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#1407 |
Penultimate Amazing
Join Date: Dec 2012
Posts: 31,383
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Just because I'm paranoid doesn't mean they're not out to get to me. . |
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#1408 |
Uncritical "thinker"
Moderator
Join Date: Jan 2007
Location: UK
Posts: 28,563
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OECD healthcare spending Public/Compulsory Expenditure on healthcare https://data.oecd.org/chart/60Tt Every year since 1990 the US Public healthcare spending has been greater than the UK as a proportion of GDP. More US Tax goes to healthcare than the UK |
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#1409 |
Penultimate Amazing
Join Date: Aug 2007
Location: Sacramento
Posts: 57,211
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Pacifism is a shifty doctrine under which a man accepts the benefits of the social group without being willing to pay - and claims a halo for his dishonesty. Robert Heinlein. |
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#1410 |
Director of Hatcheries and Conditioning
Join Date: Jul 2002
Location: Waiting for the pod bay door to open.
Posts: 44,917
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Continually pushing the boundaries of mediocrity. Everything is possible, but not everything is probable. “Perception is real, but the truth is not.” - Imelda Marcos |
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#1411 |
Penultimate Amazing
Join Date: Nov 2014
Location: Dharug & Gundungurra
Posts: 13,640
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...our governments are just trying to protect us from terror. In the same way that someone banging a hornets’ nest with a stick is trying to protect us from hornets. Frankie Boyle, Guardian, July 2015 |
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#1412 |
NWO Litter Technician
Join Date: May 2004
Location: Looks like Finland. Smells like Finland. Quacks like Finland. Where the hell am I?
Posts: 15,097
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When I was a kid I used to pray every night for a new bicycle. Then I realised that the Lord, in his wisdom, doesn't work that way. I just stole one and asked Him to forgive me. - Emo Philips
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#1413 |
Illuminator
Join Date: Nov 2005
Location: Hyderabad, India
Posts: 3,040
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As the late great Terry Pratchett once proclaimed, "Just because someone's a member of an ethnic minority doesn't mean they're not a nasty small-minded little jerk." The right-wing glory appropriators in India are ecstatic over this...particularly since his public molestation of a cow to show how Hindu he is. Just saying that Rishi being brown in no way means that he cannot be a bigot. Just look at Preeti Patel.
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I've got to get to a library...fast Robert Langdon ![]() |
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#1414 |
Illuminator
Join Date: Nov 2002
Posts: 4,183
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Sunak doesn't agree with Priti Patel, Braverman, and, by extension, Farage and the BNP, he just finds it useful to to march alongside them, to never call them out, to enable policies that will help them vote for him. Beneath contempt
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You can't defeat fascism through debate because it's not simply an idea, proposal or theory. It's a fundamentally flawed way of looking at the world. It's a distorting prism, emotionally charged and completely logic-proof. You may as well challenge rabies to a game of Boggle. @ViolettaCrisis |
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#1415 |
Penultimate Amazing
Join Date: Nov 2002
Location: Sir Fynwy
Posts: 35,975
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#1416 |
Penultimate Amazing
Join Date: Apr 2015
Posts: 31,485
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The parting on the Left Is now parting on the Right ~ Pete Townshend |
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#1417 |
Penultimate Amazing
Join Date: Apr 2015
Posts: 31,485
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The parting on the Left Is now parting on the Right ~ Pete Townshend |
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#1418 |
Penultimate Amazing
Join Date: Apr 2015
Posts: 31,485
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The parting on the Left Is now parting on the Right ~ Pete Townshend |
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#1419 |
Penultimate Amazing
Join Date: Apr 2015
Posts: 31,485
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The parting on the Left Is now parting on the Right ~ Pete Townshend |
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#1420 |
Penultimate Amazing
Join Date: Apr 2015
Posts: 31,485
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The parting on the Left Is now parting on the Right ~ Pete Townshend |
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#1421 |
Penultimate Amazing
Join Date: Apr 2015
Posts: 31,485
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The parting on the Left Is now parting on the Right ~ Pete Townshend |
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#1422 |
Penultimate Amazing
Join Date: Apr 2015
Posts: 31,485
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Like Sunak, Braverman is ethnically Indian and both have parents/grandparents that come from both East Africa and the Indian subcontinent. Technically speaking, Sunak's father was born in present day Pakistan, but before the 1948 partition. He is Hindu, she is a
The interesting thing is, Braverman fell out with Truss because Truss, as part of a trade deal with India, wanted to bring in Indian labour to fill gaps in the UK economy. Braverman was absolutely furious at the idea of 'all these bloody immigrants coming in', hence the 90-minute screaming row they had. |
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The parting on the Left Is now parting on the Right ~ Pete Townshend |
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#1423 |
Nitpicking dilettante
Administrator Join Date: Mar 2007
Location: Berkshire, mostly
Posts: 54,664
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The whole problem with the world is that fools and fanatics are always so certain of themselves, and wiser people so full of doubts.Bertrand Russell Zooterkin is correct Darat Nerd! Hokulele Join the JREF Folders ! Team 13232 Ezekiel 23:20 |
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#1424 |
Penultimate Amazing
Join Date: Apr 2015
Posts: 31,485
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Rule of thumb is that if you work on UK soil or your company is on British soil, you pay UK taxes. As a US citizen you are liable to pay tax on any earnings you make anywhere in the world. That is the default position of the US IRS. The onus is on you to declare the exemption under OECD tax treaty rules. It would be most unusual for the US IRS not to respect the local tax laws of another country within the treaty.
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The parting on the Left Is now parting on the Right ~ Pete Townshend |
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#1425 |
Penultimate Amazing
Join Date: Apr 2015
Posts: 31,485
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The parting on the Left Is now parting on the Right ~ Pete Townshend |
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#1426 |
Lackey
Administrator
Join Date: Aug 2001
Location: South East, UK
Posts: 106,884
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I wish I knew how to quit you |
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#1427 |
Nitpicking dilettante
Administrator Join Date: Mar 2007
Location: Berkshire, mostly
Posts: 54,664
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The whole problem with the world is that fools and fanatics are always so certain of themselves, and wiser people so full of doubts.Bertrand Russell Zooterkin is correct Darat Nerd! Hokulele Join the JREF Folders ! Team 13232 Ezekiel 23:20 |
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#1428 |
Penultimate Amazing
Join Date: Apr 2015
Posts: 31,485
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Under the OECD tax convention, ISTM he still would not have had to pay the Capital Gains Tax twice. As you know, with CGT your spouse's personal allowance can come into it. I dare say Johnson paid the CGT to the USA because he classed himself as non-dom. Just guessing. As I can't think why else he would not have paid the UK CGT.
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The parting on the Left Is now parting on the Right ~ Pete Townshend |
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#1429 |
Graduate Poster
Join Date: Jun 2016
Location: in the kitchen
Posts: 1,426
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He was never "registered as a US citizen". As a green card holder he was a 'Lawful Permanent Resident', and as such subject to US tax on worldwide income (but not allowed to vote in federal elections, 'cos taxation without representation is fine).
ETA: ninja'd so many times.... |
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#1430 |
Graduate Poster
Join Date: Mar 2002
Posts: 1,639
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#1431 |
should be banned
Join Date: Apr 2002
Location: Earth, specifically the crusty bit on the outside
Posts: 18,215
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My
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#1432 |
Graduate Poster
Join Date: Mar 2002
Posts: 1,639
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I wonder what Larry thinks of the reinstated Home Secretary?
People focused on her obvious inhumanity and her dream of seeing immigrants being flown to Rwanda but the equally telling part here is that it’s all about headlines in the right wing press. https://youtu.be/cZqYxJuA-8o |
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#1433 |
Penultimate Amazing
Join Date: Nov 2002
Location: Sir Fynwy
Posts: 35,975
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Our chocolate fireguard of a local MP finally has his wishes come true. After two candidates turned it down, David TC Davies is finally Welsh secretary.
I look forward to a new low in relationships between Westminster and the Welsh Assembly. David TC Davies thinks the Welsh Assembly is completely useless and unnecessary, I expect that Mark Drakeford reciprocates those feelings. |
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#1434 |
should be banned
Join Date: Apr 2002
Location: Earth, specifically the crusty bit on the outside
Posts: 18,215
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Rishi is right that were are facing huge economic challenges, mainly from brexit (4% hit to GDP). I think radical measures are needed to stimulate growth. These could include joining a single market with those most likely to buy from us. Incentives for companies to invest. Contracting with Universities to research. Nationalising certain industries where we currently boost the profits of foreign governments. Infrastructure improvements. House building. Incentives to foreign workers. Etc
Instead of setting out on a radical project to stimulate the economy his focus appears to be to unite the Tory party. I guess, rather than hard choices, he will be looking for popular gestures to raise Tory polling at the expense of growth. He has united around the top table the people who have doubled our debt as a percentage of GDP since the labour 'theres no money left' note, with the 'cut taxes for the rich' trickle down 'austerity them till they bleed...'ers. He has also promised to go back to Johnson's manifesto that has not delivered. From successfully identifying the problem he doesn't seem to be trying to address it. |
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#1435 |
Illuminator
Join Date: Mar 2020
Location: Northumberland, UK
Posts: 3,377
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#1436 |
should be banned
Join Date: Apr 2002
Location: Earth, specifically the crusty bit on the outside
Posts: 18,215
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#1437 |
Penultimate Amazing
Join Date: Nov 2002
Location: Sir Fynwy
Posts: 35,975
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Again, this goes back to the underlying problem with all Conservative governments since Theresa May's (and arguably well before that) - the government simply isn't interested in governing, merely generating positive headlines to keep them in power.
It's arguable that the corner that the Conservatives have painted themselves into, hard Brexit, bungled Covid and promises to the ERG and other vulture capitalists have made effective government impossible but they've painted themselves into the corner and internal party squabbles (which, let us not forget were the catalyst behind Brexit in any case) prevent them from taking any of the sensible steps you mention. The Conservative Party is the only threat to Rishi Sunak's premiership for the next 2+ years which is why it is sensible for him to focus solely on addressing internal party issues. If he were to try to fix the economy, he would alienate party members and find himself out on his ear. tl;dr He's not tackling the problem because there's no mileage for him in doing so ![]() |
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#1438 |
Muse
Join Date: Dec 2014
Location: Cork baaaiii
Posts: 976
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#1439 |
Lackey
Administrator
Join Date: Aug 2001
Location: South East, UK
Posts: 106,884
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The problem as I see it is that the Tories implemented the policies they wanted to that they started in the 1970s and continued with the election of Cameron - just slightly tempered by Cameron's personal liberalism that he shared with Clegg.
"Austerity" was the camouflage they used this time but it was the same old conservatism. They have pretty much achieved their goals, the country is as they wanted it to be, sure there is the formality of privatising NHS England but that is the only big ticket item left. That their policies haven't resulted in the benefits they claimed they would is not because their policies have failed but because the claimed benefits were lies, their policies were never meant to benefit all, never meant to "level up" and so on. This is Tory England (and of course that means largely a Tory UK). |
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I wish I knew how to quit you |
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#1440 |
No longer the 1
Join Date: Apr 2007
Posts: 27,906
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As human right is always something given, it always in reality reduces to the right which men give, "concede," to each other. If the right to existence is conceded to new-born children, then they have the right; if it is not conceded to them, as was the case among the Spartans and ancient Romans, then they do not have it. For only society can give or concede it to them; they themselves cannot take it, or give it to themselves. |
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