Thursday, 14 May 2009

A few thought on MP's expense's

Nearly everyone fiddles their expenses, this is to try and claw back a bit of the extortionate amount that the government takes from our hard earned money, now most will snatch back a few quid, but some corporations have such big lawyers who know the tax system inside out, that they pay virutally no tax at all. The MP's that have 'fiddled' their expense statements are only playing the game, BUT they fixed the rules, THEY know the law and had probably passed on the info to each other on how to get what they can.
Most of the claims that have surfaced are indefensible, this means they have commited fraud in my eyes. So what should be done about this? We cant just sack every MP, chaos would reign and leave the door open for some even more unscrupulous demons to creep in.

Firstly any MP who has blantantly taken the piss should resign and put himself up for re-election, secondly we should take a long hard look at any MP who has been involved. Thirdlywe need a review of the tax laws/rules as they stand, I would suggest that we have a 10% single tax band across the board, EVERYONE pays 10%, companies, big corporations, no expections, you pay on any earned income. Then disallow any expenses, you cant claim for anything!
But then you are only paying 10% in tax, why would you need to claim anything back? Think about it, how much it simplify the tax system, take a look at how much tax some of the big corporations pay in tax after allowances, dont take my word for it, look it up some pay 0% tax.
I think this is a viable idea that should be looked at... and I'm sure some more knowledgable people will shoot me down if my figures dont add up, but maybe this or a similar way of dealing with taxes would simplify the issues.

No comments:

Post a Comment