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Silly rants about oil money

Gulf states and Saudi Arabia have embarked on offshore investments knowing that oil revenues will decrease in the next decade and beyond. Saudi Arabia plans to be a major food exporter. UAE is already a major shipping and trade hub. Qatar is possibly No. 1 investor in the UK.
Their investment is for business and not a smokescreen screen as some detractors ignorantly claim.
Arab money is inescapable and a boost for ailing economies.

posted on 15/6/23

The rich get favours from the government which are worth over £100m per year. Their evasion, avoidance, exploitation of workers, bending the rules and general repugnance is worth around infinitely more than that.

posted on 15/6/23

comment by TopForm (U15726)
posted 6 hours, 54 minutes ago
Tax evasion quoted by hmrc was 5.5 billion compared to benefit fraud of 6.3 billion.

https://fullfact.org/online/benefits-tax-fraud-evasion-dwp/

Are you sure you have the right smokescren?
----------------------------------------------------------------------

Yes because of the second point I made in my comment! That’s purely tax evasion too, what was the full tax gap that year?

posted on 15/6/23

Also, there are plenty of things not counted as tax evasion but we all know it is, with multi nationals.

comment by Busby (U19985)

posted on 15/6/23

Back to my original point, it’s the middle class getting squeezed.

Cost of living goes up and salary increases just mean you pay a lot more tax. I’m at the point it doesn’t really benefit to increase my salary, I have to look to make money through other means and sacrifice any salary I can to avoid paying 40% tax.

That doesn’t help me on the here and now though.

posted on 15/6/23

“ I’m at the point it doesn’t really benefit to increase my salary”

Your overall point is fairly logical but this is nonsense.

It might be higher than you’d like but it’s not that bad. When you look at other options like pension contributions, for example, you’d be mad to just give up and not pursue a higher salary.

comment by Busby (U19985)

posted on 15/6/23

comment by Winston (U16525)
posted 49 minutes ago
“ I’m at the point it doesn’t really benefit to increase my salary”

Your overall point is fairly logical but this is nonsense.

It might be higher than you’d like but it’s not that bad. When you look at other options like pension contributions, for example, you’d be mad to just give up and not pursue a higher salary.
----------------------------------------------------------------------
I’ve taken on a lot more responsibility in recent years and don’t really want to take on much more for the little reward. I already salary sacrifice, make large pension contributions etc but even that that we lose out on child tax credits and such,

Bearing in mind I earn a decent enough salary but the fact my wife does not means we’re actually worse off than two earners on say, £35k-£40k than we are in a combined £90k. That’s really my issue.

posted on 18/6/23

comment by meltonblue (U10617)
posted 2 days, 23 hours ago
comment by TopForm (U15726)
posted 6 hours, 54 minutes ago
Tax evasion quoted by hmrc was 5.5 billion compared to benefit fraud of 6.3 billion.

https://fullfact.org/online/benefits-tax-fraud-evasion-dwp/

Are you sure you have the right smokescren?
----------------------------------------------------------------------

Yes because of the second point I made in my comment! That’s purely tax evasion too, what was the full tax gap that year?
----------------------------------------------------------------------
No, it's not you just mentioned corporate fraud without understanding what that is then got called out on your misunderstanding of the cost of tax evasion, Public sector fraud is what you should have brought up, and have no clue what you're talking about apart from parroting an argument which is now out of date given the rapid rise in benefit fraud which you've ignored in favour of remaining ignorant.

This forum is just full of thick people who double down when they're wrong because they want to impress other thick people. Not worth bothering with.

posted on 18/6/23

Corporate fraud is purely tax evasion now apparently.

It's just not possible to take anymore of this nonsense.

posted on 18/6/23

Melt, it's never worth arguing with topform. He's a combination of pretentious and dense.

posted on 18/6/23

comment by TopForm (U15726)
posted 2 hours, 35 minutes ago
comment by meltonblue (U10617)
posted 2 days, 23 hours ago
comment by TopForm (U15726)
posted 6 hours, 54 minutes ago
Tax evasion quoted by hmrc was 5.5 billion compared to benefit fraud of 6.3 billion.

https://fullfact.org/online/benefits-tax-fraud-evasion-dwp/

Are you sure you have the right smokescren?
----------------------------------------------------------------------

Yes because of the second point I made in my comment! That’s purely tax evasion too, what was the full tax gap that year?
----------------------------------------------------------------------
No, it's not you just mentioned corporate fraud without understanding what that is then got called out on your misunderstanding of the cost of tax evasion, Public sector fraud is what you should have brought up, and have no clue what you're talking about apart from parroting an argument which is now out of date given the rapid rise in benefit fraud which you've ignored in favour of remaining ignorant.

This forum is just full of thick people who double down when they're wrong because they want to impress other thick people. Not worth bothering with.
----------------------------------------------------------------------

So you’re saying no I don’t have the right smokescreen and yet you’re trying to debate something I said wasn’t the right smokescreen…?

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