It would appear that the creation of Singapore-on-Thames is now the intention of the government. The UK clearly wishes to become an even bigger tax haven than it already is, and a pariah state on the world stage.
‘Ee’s right you know. Talk of the bierkeller, no tea seller outside Mumbai train station talks of anything else. Those Brits, pariahs because they’ve not enacted Ritchie’s tax ideas.
Those in Singapore are wondering too. “So, Ashad, we’re richer than they are, yes?” “I believe you’re right MeiMei.” “And we’ve got a better health care system than they do?” “We do, and it’s vastly cheaper.” “We’re growing faster are we?” “We are.” “We’ve sorted out the housing problem?” “We have and they haven’t.” “So, why wouldn’t they want to become Singapore on Thames?” “It violates the principles of Elynomics.” “Ah, well, yes, that does explain it.”
This is very bad news indeed for tax justice, the cause of beating global tax competition that is dedicated to undermining the right of the democratic state to tax,
Well, he’s got one bit right. Tax competition is indeed aimed at reducing the ability to tax. Monopolies are always damaging and a monopoly of taxation right around the world would be one of the more damaging ones too. Precisely because it would not be possible to vote with ones’ feet.
I believe the goal, but I mistrust the methods. How exactly will Heathrow become anywhere near as good as Changi? What changes to incentives would be required for that to happen?
He’s spend most of this year predicting No Deal so is throwing his toys out of the pram at being proved wrong. Although of course he will never admit it.
Amazingly he’s pulling in the cash from fake charities and universities as well as gullible blog readers
https://www.t*xresearch.org.uk/Blog/2020/12/30/2020-tax-researchs-year-in-retrospect/
I’m surprised more lefties don’t favour Singapore-style paternalism.
Splendid that they have heard of Elynomics as far away as Singapore!
Murphy’s got a good chance of eventually earning a living just from his witterings. He’s chosen not to monetise his YouTube channel (he’s easily met the tough criteria), instead seeking donations to keep it add free. If he grows the channel and makes the donation link more prominent he’ll be quids in. There’s plenty of gullibles worldwide.
I hope it happens, but I won’t be holding my breath waiting.
“How exactly will Heathrow become anywhere near as good as Changi?”
Nuke it, then rebuild…
Actually no I don’t fetishise Singapore – I like the place well enough, but I personally prefer Bangkok, and for the UK, would prefer texas on Thames particularly concealed carry.
Just sayin’
Wonder if tax expert Ritchie realises the donations he receives are taxable?
Or more likely he doesn’t declare them, in addition to the tax he isn’t paying on those charitable grants.
He’s chosen not to monetise his YouTube channel
It takes all sorts. Who the fuck would watch that, even for free?
Why does the fat fool imagine Blojob Johnson has any sort of commitment to freedom and free markets? Destroying UK via Reset and/or to save his career, doing nothing about Marxist culture war either small scale–unis/statues/street names etc -or bigger-scale–the SNP- is what Johnson is about. And a creating a future of greenfreak misery.
Why does the fat fool imagine Blojob Johnson has any sort of commitment to freedom and free markets? Destroying UK via Reset and/or to save his career, doing nothing about Marxist culture war either small scale–unis/statues/street names etc -or bigger-scale–the SNP- is what Johnson is about. And a creating a future of greenfreak misery.
+++++
It takes all sorts. Who the fuck would watch that, even for free?
There are literally billions watching YouTube (and it’s going up). Finding a niche in that can attract enough to generate an income, with appropriate technique. Murphy is slowly finding his way, and he’s an idiot.
There’s a guy earning a living just walking around central London whilst recording with a little 4K gimbal cam. 166K subscribers, tens of thousands of views per vid (often hundreds of thousands), three vids per week. With generalised ad revenue, direct donation requests and affiliate links, he’s doing nicely.
Our host should take note. Business ads on YouTube bring in by far the most revenue. That means your niche just needs to be specialised, not necessarily big. Obviously a very different focus to this blog!
And he is pinning his hopes on an independent Scotland?
Where in Magna Carta or the Bill of Rights is tax even mentioned? Where does this “right to tax” come from?
It always amazes me how such monstrosity comes from just a difference in a key principle or two.
Democratic states don’t have rights. They have privileges granted by those who compose the nation. Just changing that single principle destroys his worldview (and career).
Collectivism is such a shit, anti-human, philosophy. With thinking like this its no wonder collectivist states end up murdering people by the millions. Useful idiots.
In the past I’ve always though the ‘helicopter rides’ meme was in poor taste. More and more its starting to sound like a good idea.
Oh FFS someone just give the obergruppenkartoffelfuhrer a one-way ticket to Venezuela. He would love a nice job allocating the monthly dead rat protein quotient to the politically correct, and the rest of us would be spared his spectacular ignorance of economics, tax and accounting.
I doubt that Singapore is full of institutions willing to chuck money down the drain by subsidising the Potato’s “research” Perhaps that’s his main fear – that institutions in the Uk will get rid of all the dross and start concentrating in financing things that make things better for the population rather than “progressive” causes that make things worse or are completely useless (ie Spud)
@Tyler, good point. Will be interesting to see if he discloses the donations in the LLP’s accounts.
moqifen said:
“Perhaps that’s his main fear – that institutions in the Uk will get rid of all the dross and start concentrating in financing things that make things better for the population rather than “progressive” causes”
You seriously think there’s a realistic chance of that happening?
@richardT – unfortunately not – though in spudland he already believes this Government is a fascist dictatorship that’s going to destroy the NHS and get rid of any social protection. You have to remember that Spud is irredeemably stupid/evil.
“ Wonder if tax expert Ritchie realises the donations he receives are taxable?
Or more likely he doesn’t declare them, in addition to the tax he isn’t paying on those charitable grants.”
If doesn’t declare them he’ll have to add them to his tax gap calculation.
“ Where in Magna Carta or the Bill of Rights is tax even mentioned? Where does this “right to tax” come from?”
Good point. Most revolutions and rebellions throughput history can be summarised as one individual or group believing they had the right to tax others, or they wanted to take that right for themselves.
Given that Singapore is not an international pariah, why would Singapore-on-Thames be one?
When Ireland went low tax on companies there was much progressive bleating. But no pariah status.
There are some pariahs among the world’s countries, but they tend to be the Socialist ones — North Korea, Burma etc. They don’t tend to be the nice low tax ones.
Revealed preference is everything. Lewis Hamilton resides in Monaco.
Dear Mr Worstall
That nice P³ Murphy seems to be a great believer in shoe boxes. He wants moar tax on companies – for the most part a collection of oddities in a shoe box – and now promotes the concept of the democratic state and its right to tax.
Corporation tax isn’t paid by a shoe box, but by real people who inter alia own the shoe box in which the oddities reside.
Likewise the democratic state is a collection of oddities, perhaps held in something more upmarket than a shoe box. Lift the state veil and we find not shareholders and directors but equally real people holding titles from Mikado to Lord High Everything Else.
These fuckers* are the real bastards who tax us and squander our hard earned wealth on themselves, their pet projects** and best mates. That nice P³ Murphy merely wants to join in this orgy of largess.
Happy New Year.
DP
* my first swear of the year. I try not to. Might as well get it over with early.
** e.g. HS2
“ Revealed preference is everything. Lewis Hamilton resides in Monaco.”
That would be Sir Lewis, knighted for services to wokery and hypocrisy.