7

Wednesday, 24.11.2010.

10:34

Ministry prepares new "taxes for rich"

Serbia is drafting new legislation that would tax extremely wealthy citizens, especially those who list offshore islands as their places of residence.

Izvor: B92

Ministry prepares new "taxes for rich" IMAGE SOURCE
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7 Komentari

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milan

pre 13 godina

On this issue, president Tadic is correct and should be applauded. Its courageous but very dangerous for his political future. The glutonous, wealthy elitist brigands dont give up thier ill gotten gains without a fight.

Zoran

pre 13 godina

bganon, how can you miss the point? Have a look at the tax systems in the more wealthier countries in Europe (the smaller ones) and you'll see they have low tax rates that attract business people and highly skilled workers.

Serbia is doing the complete opposite. If you want to compare the UK (and other countries), tax rates start at 0% for the low earners and can go up to 40% for the high earners. In Serbia we tend to start at 40% and go on from there. That's only one issue.

Serbia needs to give business people an edge and then they will come rushing to Serbia and set up shop. The message needs to be clear - "Serbia is business friendly" - demonstrate we have good efficient tax laws (the best in the region), the best infrastructure, educated and skilled workers and so on. They are the incentives people are looking for - not we'll tax the rich and people who have offshore companies and so on because that's the sort of system most potential investors already have and they will come nowhere near Serbia in that case.

Whatever the government throws at the wealthy, they will evolve and look after themselves regardless. Research IR35 in the UK. The government expected to generate £1 billion revenue each year on that law and I think after fives years and 1000 lost court cases it generated about £1.5 million.

The answer is not to tax everything, however, this government is completely incompetent and wouldn't have a clue what to do next. Sad really.

bganon

pre 13 godina

Milan improvement in what exactly?

You suggest that unregulated market forces can create 'improvements' in society? The view of neo-liberals is actually rejected by most economists, most of whom support capitalism.

First of all you make a supposition that people are rational, they are not. Second you suppose that people have access to information, in many cases they do not. Thirdly there is what economists refer to as 'externalities' or more precisely undesirable byproducts of a free market system. Most economists thus believe that regulation is necessary to counter these issues.

I can't imagine the selfish mindset of somebody who have no pity for those in poverty, who have no feelings towards people living in less developed nations, those who lie through their teeth in saying that taxes would be replaced by charity - when they know very well that would not happen.

In fact when I hear this ill thought and frankly morally sick viewpoint it makes me utterly determined to never let that kind of society come about.

How do those people sleep at night, I'll never know. Well, perhaps they will do well in this world, but in the next world God will not look favourably upon their selfishness.

johny

pre 13 godina

"Way to go Serbia in kneeling down for the EU as obviously this was initiated by them for fear of rich leaving their country to Serbia. "

- O boy this is nuts. As if it wasn't Serbia and the Serbs begging the EU to let them go to the EU without visas, just a year ago.

Milan

pre 13 godina

If you want improvement why not zero taxes. Watch a mass exodus of citizens giving up citizenship. Also what about dual citizens? This is not thought out. Way to go Serbia in kneeling down for the EU as obviously this was initiated by them for fear of rich leaving their country to Serbia. What right does a gocernment have to your earned labor? If someone owns what you earn that makes you a slave to the state. Especially money that I offshore.

bganon

pre 13 godina

What I can't understand Zoran is that you can't see beyond your own interests.

Because youre so miffed about the tax you have to pay on employing somebody illegally (which I concede is absurd) any move the government makes is condemned by you, before you know the details and whether they will be successful or not.

Trickle downers, and you Zoran increasingly sound like one, argue that the wealthy will give money to charities, they just don't want to give money via taxes which they call theft. In reality as you point out Zoran the rich don't part with one dinar. And its because, as I pointed out yesterday, greed (or the thirst for profit, same thing) feeds upon itself. Why give money away when you can keep it? Why pay workers a fair wage if you are not obliged to? This is why government has to collect taxes.

I mean what is the point of taxing the rich at all if they can outsmart the government as you say Zoran. Surely you can argue that it is pointless?

They will go elsewhere, they will invest elswhere, they are too clever. Not in the UK they were not. All the neo-liberals and their Tory friends opposed the new 50% rate of tax for high earners in the UK. They said the rich would go elsewhere. They didn't.

Its a game of cat and mouse. Its the job of government to be constantly changing and refining tax laws in order to keep up with the methods of the rich to avoid paying taxes. The way to do it is not to give up and say 'well we will be outsmarted anyway'.

Besides, lets stop just thinking about the interests of rich businessmen, lets think about society as a whole. Lets think about the interests of the vast majority of society and how we can help them.

If this materialises into law and it fails to raise more than a few hundred thousand euros I will be the first to criticise the policy, but until then I agree with the sentiments. I agree with redistribution of wealth in this unfair society where some 10% control 90% of the world's resources.

Zoran

pre 13 godina

Although there has been speculation that the laws are being drafted as tycoons seemingly ignored President Boris Tadić and his call to "give back" to the country where they became rich.
--
What a bunch of narrow minded box heads we have in this DS led government. Firstly Tadic asks the wealthy to "give back" and is surprised no one does. So now they think introducing new laws to tax them will work. This will likely scare away potential investors than generate extra revenue. I'm sorry, the wealthy aren't in that position because they are stupid and they are likely to outsmart any stupid government (such as Tadic and his sell-outs).

Yes, our tax system needs reform but not in a way that produces negative results. The game needs to be played smart if you want to make progress.

bganon

pre 13 godina

What I can't understand Zoran is that you can't see beyond your own interests.

Because youre so miffed about the tax you have to pay on employing somebody illegally (which I concede is absurd) any move the government makes is condemned by you, before you know the details and whether they will be successful or not.

Trickle downers, and you Zoran increasingly sound like one, argue that the wealthy will give money to charities, they just don't want to give money via taxes which they call theft. In reality as you point out Zoran the rich don't part with one dinar. And its because, as I pointed out yesterday, greed (or the thirst for profit, same thing) feeds upon itself. Why give money away when you can keep it? Why pay workers a fair wage if you are not obliged to? This is why government has to collect taxes.

I mean what is the point of taxing the rich at all if they can outsmart the government as you say Zoran. Surely you can argue that it is pointless?

They will go elsewhere, they will invest elswhere, they are too clever. Not in the UK they were not. All the neo-liberals and their Tory friends opposed the new 50% rate of tax for high earners in the UK. They said the rich would go elsewhere. They didn't.

Its a game of cat and mouse. Its the job of government to be constantly changing and refining tax laws in order to keep up with the methods of the rich to avoid paying taxes. The way to do it is not to give up and say 'well we will be outsmarted anyway'.

Besides, lets stop just thinking about the interests of rich businessmen, lets think about society as a whole. Lets think about the interests of the vast majority of society and how we can help them.

If this materialises into law and it fails to raise more than a few hundred thousand euros I will be the first to criticise the policy, but until then I agree with the sentiments. I agree with redistribution of wealth in this unfair society where some 10% control 90% of the world's resources.

bganon

pre 13 godina

Milan improvement in what exactly?

You suggest that unregulated market forces can create 'improvements' in society? The view of neo-liberals is actually rejected by most economists, most of whom support capitalism.

First of all you make a supposition that people are rational, they are not. Second you suppose that people have access to information, in many cases they do not. Thirdly there is what economists refer to as 'externalities' or more precisely undesirable byproducts of a free market system. Most economists thus believe that regulation is necessary to counter these issues.

I can't imagine the selfish mindset of somebody who have no pity for those in poverty, who have no feelings towards people living in less developed nations, those who lie through their teeth in saying that taxes would be replaced by charity - when they know very well that would not happen.

In fact when I hear this ill thought and frankly morally sick viewpoint it makes me utterly determined to never let that kind of society come about.

How do those people sleep at night, I'll never know. Well, perhaps they will do well in this world, but in the next world God will not look favourably upon their selfishness.

Milan

pre 13 godina

If you want improvement why not zero taxes. Watch a mass exodus of citizens giving up citizenship. Also what about dual citizens? This is not thought out. Way to go Serbia in kneeling down for the EU as obviously this was initiated by them for fear of rich leaving their country to Serbia. What right does a gocernment have to your earned labor? If someone owns what you earn that makes you a slave to the state. Especially money that I offshore.

Zoran

pre 13 godina

Although there has been speculation that the laws are being drafted as tycoons seemingly ignored President Boris Tadić and his call to "give back" to the country where they became rich.
--
What a bunch of narrow minded box heads we have in this DS led government. Firstly Tadic asks the wealthy to "give back" and is surprised no one does. So now they think introducing new laws to tax them will work. This will likely scare away potential investors than generate extra revenue. I'm sorry, the wealthy aren't in that position because they are stupid and they are likely to outsmart any stupid government (such as Tadic and his sell-outs).

Yes, our tax system needs reform but not in a way that produces negative results. The game needs to be played smart if you want to make progress.

Zoran

pre 13 godina

bganon, how can you miss the point? Have a look at the tax systems in the more wealthier countries in Europe (the smaller ones) and you'll see they have low tax rates that attract business people and highly skilled workers.

Serbia is doing the complete opposite. If you want to compare the UK (and other countries), tax rates start at 0% for the low earners and can go up to 40% for the high earners. In Serbia we tend to start at 40% and go on from there. That's only one issue.

Serbia needs to give business people an edge and then they will come rushing to Serbia and set up shop. The message needs to be clear - "Serbia is business friendly" - demonstrate we have good efficient tax laws (the best in the region), the best infrastructure, educated and skilled workers and so on. They are the incentives people are looking for - not we'll tax the rich and people who have offshore companies and so on because that's the sort of system most potential investors already have and they will come nowhere near Serbia in that case.

Whatever the government throws at the wealthy, they will evolve and look after themselves regardless. Research IR35 in the UK. The government expected to generate £1 billion revenue each year on that law and I think after fives years and 1000 lost court cases it generated about £1.5 million.

The answer is not to tax everything, however, this government is completely incompetent and wouldn't have a clue what to do next. Sad really.

johny

pre 13 godina

"Way to go Serbia in kneeling down for the EU as obviously this was initiated by them for fear of rich leaving their country to Serbia. "

- O boy this is nuts. As if it wasn't Serbia and the Serbs begging the EU to let them go to the EU without visas, just a year ago.

milan

pre 13 godina

On this issue, president Tadic is correct and should be applauded. Its courageous but very dangerous for his political future. The glutonous, wealthy elitist brigands dont give up thier ill gotten gains without a fight.

Zoran

pre 13 godina

Although there has been speculation that the laws are being drafted as tycoons seemingly ignored President Boris Tadić and his call to "give back" to the country where they became rich.
--
What a bunch of narrow minded box heads we have in this DS led government. Firstly Tadic asks the wealthy to "give back" and is surprised no one does. So now they think introducing new laws to tax them will work. This will likely scare away potential investors than generate extra revenue. I'm sorry, the wealthy aren't in that position because they are stupid and they are likely to outsmart any stupid government (such as Tadic and his sell-outs).

Yes, our tax system needs reform but not in a way that produces negative results. The game needs to be played smart if you want to make progress.

Milan

pre 13 godina

If you want improvement why not zero taxes. Watch a mass exodus of citizens giving up citizenship. Also what about dual citizens? This is not thought out. Way to go Serbia in kneeling down for the EU as obviously this was initiated by them for fear of rich leaving their country to Serbia. What right does a gocernment have to your earned labor? If someone owns what you earn that makes you a slave to the state. Especially money that I offshore.

bganon

pre 13 godina

What I can't understand Zoran is that you can't see beyond your own interests.

Because youre so miffed about the tax you have to pay on employing somebody illegally (which I concede is absurd) any move the government makes is condemned by you, before you know the details and whether they will be successful or not.

Trickle downers, and you Zoran increasingly sound like one, argue that the wealthy will give money to charities, they just don't want to give money via taxes which they call theft. In reality as you point out Zoran the rich don't part with one dinar. And its because, as I pointed out yesterday, greed (or the thirst for profit, same thing) feeds upon itself. Why give money away when you can keep it? Why pay workers a fair wage if you are not obliged to? This is why government has to collect taxes.

I mean what is the point of taxing the rich at all if they can outsmart the government as you say Zoran. Surely you can argue that it is pointless?

They will go elsewhere, they will invest elswhere, they are too clever. Not in the UK they were not. All the neo-liberals and their Tory friends opposed the new 50% rate of tax for high earners in the UK. They said the rich would go elsewhere. They didn't.

Its a game of cat and mouse. Its the job of government to be constantly changing and refining tax laws in order to keep up with the methods of the rich to avoid paying taxes. The way to do it is not to give up and say 'well we will be outsmarted anyway'.

Besides, lets stop just thinking about the interests of rich businessmen, lets think about society as a whole. Lets think about the interests of the vast majority of society and how we can help them.

If this materialises into law and it fails to raise more than a few hundred thousand euros I will be the first to criticise the policy, but until then I agree with the sentiments. I agree with redistribution of wealth in this unfair society where some 10% control 90% of the world's resources.

johny

pre 13 godina

"Way to go Serbia in kneeling down for the EU as obviously this was initiated by them for fear of rich leaving their country to Serbia. "

- O boy this is nuts. As if it wasn't Serbia and the Serbs begging the EU to let them go to the EU without visas, just a year ago.

Zoran

pre 13 godina

bganon, how can you miss the point? Have a look at the tax systems in the more wealthier countries in Europe (the smaller ones) and you'll see they have low tax rates that attract business people and highly skilled workers.

Serbia is doing the complete opposite. If you want to compare the UK (and other countries), tax rates start at 0% for the low earners and can go up to 40% for the high earners. In Serbia we tend to start at 40% and go on from there. That's only one issue.

Serbia needs to give business people an edge and then they will come rushing to Serbia and set up shop. The message needs to be clear - "Serbia is business friendly" - demonstrate we have good efficient tax laws (the best in the region), the best infrastructure, educated and skilled workers and so on. They are the incentives people are looking for - not we'll tax the rich and people who have offshore companies and so on because that's the sort of system most potential investors already have and they will come nowhere near Serbia in that case.

Whatever the government throws at the wealthy, they will evolve and look after themselves regardless. Research IR35 in the UK. The government expected to generate £1 billion revenue each year on that law and I think after fives years and 1000 lost court cases it generated about £1.5 million.

The answer is not to tax everything, however, this government is completely incompetent and wouldn't have a clue what to do next. Sad really.

bganon

pre 13 godina

Milan improvement in what exactly?

You suggest that unregulated market forces can create 'improvements' in society? The view of neo-liberals is actually rejected by most economists, most of whom support capitalism.

First of all you make a supposition that people are rational, they are not. Second you suppose that people have access to information, in many cases they do not. Thirdly there is what economists refer to as 'externalities' or more precisely undesirable byproducts of a free market system. Most economists thus believe that regulation is necessary to counter these issues.

I can't imagine the selfish mindset of somebody who have no pity for those in poverty, who have no feelings towards people living in less developed nations, those who lie through their teeth in saying that taxes would be replaced by charity - when they know very well that would not happen.

In fact when I hear this ill thought and frankly morally sick viewpoint it makes me utterly determined to never let that kind of society come about.

How do those people sleep at night, I'll never know. Well, perhaps they will do well in this world, but in the next world God will not look favourably upon their selfishness.

milan

pre 13 godina

On this issue, president Tadic is correct and should be applauded. Its courageous but very dangerous for his political future. The glutonous, wealthy elitist brigands dont give up thier ill gotten gains without a fight.