@CFCIsaac__@ashapt1618@F15JCM@kathy76151@DrLukeCraddock That said, a professional / doctor isn’t likely to find themselves in the position of ‘waiting’ for it to be written off, as their earnings will increase over time and lead to them paying greater amounts off the debt than accrue though interest. It’s a temporary tax
@Bidlet47 @TheSecretAcct So is your point that the poor performance of the fund managers has effectively caused the issue to become a far greater problem than it could have otherwise been, because councils are now having to dig deeper into current receipts to fund the difference?
@pppadddy@Styo28183449 @TamsynSimmons3 @carryonkeith Noted, but in the circumstance of a normal person who happens to have accumulated assets during the course of their life, then those assets were likely subject to tax on generation. Given the principle of double tax treaties, don’t the two positions feel somewhat irreconcilable?
@Styo28183449 @TamsynSimmons3 @carryonkeith You make a fair point on rewarding work and inheritance being down to luck, but what right does the gov have to say part of that lucky windfall should in fact be theirs?
Priti Patel has been made Shadow Foreign Secretary, which is a great excuse to remember that time Ian Hislop hilariously destroyed her argument in favour of the death penalty.
@siphuncle @Sam_Dumitriu The limit under the proposed, and now scrapped, reforms would have increased the earnings limit before the benefit began tapering away - something like £120k. I.e. two parents earning 60k and one parent earning 120k (with the other staying at home) would have got the same benefit
Today in 1521, Spanish forces captured Tenochtitlan (Mexico City), thus ending the Aztec Empire.
They had discovered a city of unimaginable wealth and beauty — but harboring a dark secret.
Here's what they found... (thread) 🧵
@molly_mcelwee We know Molly, we watched. Why didn’t you have a go at the original poster for an incomplete statement, rather than winding up gammons on the internet? A touch unnecessary IMO
@NatOP86@brian8471@WorkyJ@TheSecretAcct Well I think the key differences are that not everyone has children and no one has paid into a system which has promised them free childcare for years and years, to have it pulled away at the last minute. I wouldn’t say the two are comparable.
@TheSecretAcct 100% worst option is CVA. Let the Administrators do their job and recover assets and bring claims against the directors. The costs will only be paid if the recoveries are there. Bonkers