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    Farage’s ‘Robin Hood tax’ would cost UK £34bn a year, warns tax expert
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    Farage’s ‘Robin Hood tax’ would cost UK £34bn a year, warns tax expert

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    27 Comments

    1. QuinlanResistance on

      I thought the no -doms were robbing us blind. There is so much dishonesty from all sides regarding this issue?

    2. socratic-meth on

      > However, a defiant Mr Farage and Reform’s former chairman Zia Yusuf insisted that the scheme is already garnering interest and will “attract new money” to the UK from those who have left the country or do not want to come because of high taxes.

      Trust me bro, who cares what experts say.

    4. SadWorld1397 on

      Nigels tax breaks will never benefit anyone other than his ilk and his backers.

      Complete snake oil salesman.

      Genuinely gobsmacked he hasn’t launched a crypto currency yet to ‘invest’ in his Ltd company/party.

      Britcoin^TM

      ……always has been,always will be a cunt.

    5. OkMap3209 on

      >Dan Neidle of Tax Policy Associates has hit out at the Britannia card scheme proposal, which would allow wealthy people to pay a one-off fee of £250,000 and replace the former non-dom scheme scrapped by Tory chancellor Jeremy Hunt and current Labour chancellor Rachel Reeves. Reform UK believes that the scheme would produce around £2.5bn a year which it plans to hand out as a dividend of £1,000 to those on the lowest incomes.

      2.5bn a year? So 10,000 rich people **per year** would willingly pay this one off fee? That’s not a sustainable income. And calling this a “Robin Hood tax” is an insult to Robin Hood and what he represents.

    7. Extension-Street6125 on

      Another stupid idea to prevent the real debate we need: why is capital not taxed as labour? Why does finance runs pretty much free of any taxes?

    8. Euclid_Interloper on

      Problem is, it’s all about messaging.

      Reform voters don’t listen to experts. They don’t believe numbers when they are presented with them. They get their info from their own echo chambers. They follow emotional narratives, not facts.

      All they hear is ‘robin hood tax’ which gives them positive emotions. They see a narrative of redistribution and a romantic English nationalism. They don’t dig deeper than that.

    10. roddz on

      The irony of using Robin Hood’s name on anything to do with tax that isn’t expressly putting money into the pockets of the poorest in society is laughable

    12. tiford88 on

      Great this con man is gonna make us all poorer AGAIN, and somehow people will eat it up AGAIN. If he wins the next election, I’m out of this country

    14. ilikebiiiigdicks on

      Imagine proposing a policy that says ‘we’re going to treat rich foreigners better than the British nationals who live here, but don’t worry you’ll get a one off payment that will barely make a dent in your life’

      These rich assholes will be paying the equivalent of *pennies* compared to their total wealth. And they get the benefit of avoiding all the taxes they’d have ever paid! And idiot British Reform voters will be cheering at the top of their lungs how amazing it all is when the country is massively poorer because of it.

      This man needs to be exiled. How can someone hate their country *this much* and still have any shot at getting in to power? An absolute snake oil salesman taking the most gullible and uneducated for a ride. Terrifying if he gets anywhere close to power.

    15. Jigsawsupport on

      “Zia Yusuf insisted that the scheme is already garnering interest and will “attract new money” to the UK from those who have left the country or do not want to come because of high taxes.”

      Yeah cool, but what is the point in attracting high wealth individuals, if they don’t actually want to contribute?

      Also its completely demoralising to the general population, why should we have to pay for these peoples share, when we have a lot less ourselves?

    16. richardbaxter on

      Absolute grifter. 100% he’s putting this out there because whoever funds him has asked for a way to save tax. 

    17. nemma88 on

      A different angle…

      Those people who leave hardly like Britain if they’re not willing to pay back into the country that raised them. Do we really want their sort?

    19. Remarkable-Ad155 on

      Once again, this is just an electoral bribe. Money for the rich, money for the low earners and as ever the squeezed, remain voting middle gets fuck all, likely a bigger tax bill to make up for Nigel’s other tax cuts and the £34bn this will cost us. 

    20. Brother-Executor on

      Where was this “expert” for Rachel Reeves’ plans? You can’t scrutinise a party that’s not in power and subsequently not criticise the chancellors awful policies.

    21. birdinthebush74 on

      Baldrick : My favourite’s the Shadow. What a man! They say he’s half way to being the new Robin Hood.
      Blackadder : Why only half way?
      Baldrick : Well he steals from the rich, but he hasn’t gone round to giving it to the poor yet.

    23. arabidopsis on

      Farage doesn’t want to be PM that would mean he would be shown he’s a charlatan, he knows reform is more powerful as a secondary party than leading the country.

      Gotta keep grift going until he can move onto the next thing

    24. MuthaChucka69 on

      Western government’s have failed their respective counties, the rich will keep getting more power and influence the more money they hold and it’s only going to get worse. We keep getting told we can’t tax wealth, at one point it was income we just failed to tax it correctly at that time.

    25. Objective_Frosting58 on

      This should be a big old slap in the face for anyone thinking about voting for farage. His tax cuts for the rich would mean deeper austerity than we had with the tories for everyone else

    26. BestButtons on

      > And there’s an entirely new element: the £250,000 payments will be redistributed as a cash payment to the approximately 2.5 million workers earning a full-time salary of less than £23,000. Reform UK’s “low end” estimate is that 6,000 people would buy a “Britannia card” – on that basis the **policy would generate £1.6bn**, meaning **a £600 payment to each low-paid worker**.

      Votes bought for a pittance. At least it’s not age-old tax cuts as usual I guess.

    27. Taca-F on

      Says it all, first ‘policy’ is a tax giveaway for rich foreigners.

      Anyone who votes for this lot needs a long hard look in the mirror.