#UK taxpayers

[jerseydeanne]

"Prince Harry's legal battle with the Home Office over police protection in Britain has already cost UK taxpayers almost £300,000, it emerged last night."

[agentfascinateur]

UK's institutionalized pro-Israel lobbying:

Polak stepped down as head of CFI to take his place in the UK parliament’s unelected upper house as a Conservative peer in 2015. However, he remains the lobby group’s honorary president and registered director and is still considered to be one of the most important pro-Israel voices in Westminster.

#double dipping

#uk taxpayers

[rosignoelle]

westminster abbey currently has the highest concentration of tax-dodgers in the world ❤️

[sbrown82]

But, Meghan and Harry are the “grifters”??? 🤔🥴

[aj-lenoire]

the coronation: approximately £100 million

one (1) guillotine: idk exactly how much but i can guarantee it’s less than £100million

[eaglesnick]

“Rethinking capitalism means rethinking the role of the public sector, the role of the private sector, the role of finance, and the relationship between them all” -  Mariana Mazzucato

Yesterday I was arguing for the creation a REAL sovereign wealth fund (SWF) to replace the “Micky Mouse” national wealth fund (NWF) created by Rachel Reeves and Keir Starmer.

90 countries from across the world have a SWF whereby governments set up a state-owned investment fund that invests in real and financial assets or in such enterprises as private equity funds or hedge funds. Any profits or income generated from these investments go toward the country’s economy and its citizens.

Britain does not have a SWF. Instead we give money to private enterprise, often in the form of tax breaks, in the hope they will provide jobs or tax revenue for the British economy.  This tax revenue may or may not be greater than payments made to business and industry by the British taxpayer. This is absolute madness!

Lets take the Rosebank gas and oil field as an example of this crazy situation.

In 2024 the Norwegian state-owned Equinor company made global pre-tax profits of £24billion. The year prior to this, Equinor was given a £400million tax break by the British government.

“The Norwegian state-owned oil giant behind controversial Rosebank plans has secured £400 million from a little-known tax break from the Treasury, new analysis has revealed.” (The Scotsman: 24/1024)

According to Equinor’s own  2024 Tax Contribution Report they only paid the British government $4million in taxes on their “extractive activities”.

$4million equals just over £3million, so we, the British taxpayer, gave Equinor, the Norwegian state-owned company, £400 million in tax exemptions while they paid us a mere £3 million. I think even a 6 year old could tell that was not a good deal!

Despite this Kemi Badenoch has no intension of creating a UK SWF, preferring instead to let foreign state-owned companies invest in Britain while at the same time advocating such funds are not taxed.

“UK drops plan to tax sovereign wealth funds The FT said business and trade minister Kemi Badenoch had urged the Treasury to drop the proposals out of concern that sovereign funds might pull out of projects in Britain.”  (zawya.com: 17/03/23)

The Labour government in the meantime has created a national wealth fund that is neither fowl nor beast. It is there to encourage private investment. When you visit the National Wealth Fund web site the first heading you see is “Private sector finance” and when you click on that link you find a set of operating principles, the forth of which is:

“Investment Principle 4: The investment is expected to crowd in significant private capital over time.” 

No hint of the British taxpayer owning shares, property assets, mineral rights or anything else that generates a profit for the taxpayer. Reeve’s NWF is just a disguise for maintaining the Tory policy of subsidising business and industry at the expense of the British taxpayer.

While other countries from around the world invest their taxpayer’s money in profitable business enterprises, we continue to give our tax revenues away, regarding them as a necessary cost for "growth". This strategy clearly hasn’t worked. Our governments need to rethink.

The payment of taxpayers money to private businesses and industries should be viewed not as a cost but as an investment, an investment that expects a return for its money. 

Margaret Thatcher is often quoted as saying: "We are all capitalist's now" . Let's make that true.

[zee-man-chatter]

Easy decision VS. tough decision...

Always lots of money for Ukraine(arms industry), but a lot of foot stomping and heavy thought goes before giving money to taxpayers and veterans. It's sickening.

[vryivs]

I always forget that monarchists exist and then I see someone with the username duchessofmyheartforever or williamisababe posting about how it's mean to giggle at an ultrarich economic leech experiencing just a fraction of struggle and inconvenience (because lets be honest, he probably wont kick the bucket—his doctors are paid to keep his corpse animated long after it ceases to be humane)

[towerblockers]

Labour’s Private Jet Problem: £2 Million in Flights After Criticising Tories

Labour’s Private Jet Problem: £2 Million in Flights After Criticising Tories Labour’s pledge to be a government of transparency and accountability is off to a turbulent start—literally. UK DOGE has pored over recent Labour transparency returns, uncovering that ministers have racked up over £2 million in private jet expenses within just three months of taking office. The irony? These are the same…

[terminally-spooked]

If you can vote in the UK, hate the tories, haven't voted yet and don't know who to vote for

May I humbly direct you to this site for advice on who you can tactically vote for to ensure we finally get rid of the bastards after 14 years of pain and austerity

[fantastic-mr-corvid]

king charles has been announced to have cancer and all i can think about is the money that would have to go to the funeral and coronation. it makes me feel sick, the cost of doing the whole fucking rigamarole again.

[melrosing]

my sister and I once got into a physical fight over food in a hotel room when we were both preteens. We swore to our parents we’d push the other off the balcony but then by nighttime we were sharing a bed playing on our Nintendo wearing matching PJ’s. We also used to bite each other when kids. But speaking of siblings what’s your opinions on prince harry and William. Not a royalist all I know is harry from invutus games and William does a lot of work with homeless people so I was interested on your thoughts. I do like Meghan and Kate though.

lmao I love this has become a confessional booth for past sisterly disputes ❤️ Sansa and Arya fighting over the Trident incident, meanwhile me n my sis going with the same fire over a stolen bagel

on the royals…. ngl I am born and raised anti-royalist lol, I’m going to my parents for the coronation weekend and they’ve promised we’ll be leaving the house to go walk in the wilderness so we don’t have to hear a damn thing about Charlie’s hat ceremony. I have huge sympathy for what Meghan went through at the hand of that family and this absolute nightmare country and I wish she and her children all the best, but the institution itself I would like to disintegrate x

[vicshush]

[ID: A photo of a large postbox (looking similar to a red, municipal garbage canister [ty @poniatowskaja for the clarification]) on a sidewalk. The top has four beefeater royal guard dolls on top of a wide purple fabric with gold crowns covering a shallow dome. A bunting of triangles in red, white, and blue with gold crowns hangs around the brim of the shallow dome lid of the bin. Article tags, headline, summary, the author's byline, and the opening to the article are below: "King Charles coronation [subject tag]. Welsh town canceled coronation party after no one donates to costs. Caldicot group had planned to hold street celebration but crowdfunder 'failed to raise any money whatsoever'. Steven Morris [author]. Friday, 5 May, 2023. It had been billed as "the party of the year", but a Welsh market town has been forced to cancel its coronation celebration after failing to raise any money to cover costs." / end ID]

Lmao

[lexlawuk]

Mullens v HMRC: £40 Million Tax Dispute

The legal face-off between Stephen Mullens and HM Revenue & Customs (HMRC) unfolded, centring on approximately £40 million in payments and the critical question of whether these funds constituted taxable income or non-taxable gifts. HMRC alleged tax avoidance and fraudulent omissions in self-assessment returns, leading to a penalty assessment and a rigorous HMRC investigation under Section 36 of…

[aeolianblues]

honestly geolocking is so fucked up. What do you mean I can’t access streams when I’m not in the country. I still pay taxes here. Why does a streaming service get preference over the fact that I’m a taxpayer