Not really a good start

Who’s Credible on Tax?
– Professor Richard Murphy

For the answer is likely to be “Not thee Professor”

Wealth is taxed more, as it is
dramatically undertaxed now. Labour is right to tax it more. The same is true
of corporation tax, where Labour’s proposed unitary tax base for
international taxation will lead the world, whilst the increase in rates will
simply bring the UK back into line with the world. No one is actually going to
change their behaviour as a result of either reform.

Quite, not thee professor.

As an amusement, think back to only yesterday. Where it became apparent that the 6 richest people identified by the Equality Trust were either non-doms or had emigrated for tax purposes. Under our current taxation system that is.

11 comments on “Not really a good start

  1. ‘lead the world’

    ‘into line with the world’

    Appeal to globalists? Why should British taxpayers care about ‘the world?’

  2. LR: ‘Given that governments bring in taxes specifically designed to change behaviour, once again, the man demonstrates that he is an idiot.’

    I’ll agree that some left-wing morons are concerned with changing our behaviour, but, in my experience, the governments really just want to steal our money.

  3. No one is actually going to change their behaviour as a result of either reform.

    That’s right. All those companies went to Ireland (including The Fat One’s) because of the scenery, not the corporation tax rate.

  4. @Boganboy. Yes, point taken. However, sin taxes are supposed to be about changing behaviour. If taxes didn’t change behaviour then there would be no point. Either way, Murphy is a buffoon.

  5. Its ‘Tax ’em til the pips squeak’ week I see. Next week it’ll be ‘MMT means we can spend what we like, and tax is to control inflation’ week I guess.

    The inside of the Spud brain must be a mental breakdown waiting to happen, with all those compartmentalised thoughts all trying desperately not to notice what was going on around it. Imagine the chaos that would ensue if one part of what passes for his brain suddenly became aware of what another part was spouting off about. He’d blow a gasket.

  6. “No one is actually going to change their behaviour as a result of either reform.”

    So, no point in tobacco taxes, alcohol taxes, sugar taxes, fuel taxes, fuel duty escalator, green levy, all designed to alter people’s behaviour. Drop them all to no more than a 5% revenue-raising tax.

  7. Richard is a fascinating psychological puzzle. His postings, his books, his speeches and his behaviour – one of these days someone is going to do a paper on him.

  8. Richard is a fascinating psychological puzzle. His postings, his books, his speeches and his behaviour – one of these days someone is going to do a paper on him.

    If he’s any sort of psychological puzzle (which I doubt), it would be a beginner’s jigsaw puzzle of no more than 110 pieces and, when finished, depicts McGonagall reading one of his poems.

    One need only read of the life of William Topaz McGonagall to learn all you need to know about Richard Murphy. Like Murphy, McGonagall grew more eccentric once he was unable to make a living in his chosen profession. And like Murphy, McGonagall turned to public performance to earn a living (McGonagall lived, in part, on handouts… as does Our Richard). Like Murphy, McGonagall was a source of amusement and diversion. And like Murphy, only the dimmest of the dim considered McGonagall remotely competent at his chosen vocation.

  9. Meanwhile

    FT Front Page

    Johnson pressing ahead (like France) with Transaction (aka Turnover) Tax on digital giants – USA says don’t, or else

    M&G closes withdrawals on it’s £2.5bn Property Portfolio Trust – assets flee UK on Corbyn fear; despite Ritchie
    Aberdeen Standard Property problems too

  10. Longrider said:
    “sin taxes are supposed to be about changing behaviour.”

    Then why are they generally levied on price-inelastic things?

    I’m with Boganboy; the government just wants the cash; the sin tax is just an excuse, to get more money with fewer complaints.

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