0bserver Posted February 13, 2022 Share Posted February 13, 2022 It's just a couple of days until the budget is unveiled. I have almost no doubt that Ashy will be freezing income tax brackets and introducing a raft of stealth charges to pay for the continued Isle of Man Government bloat. Do we think he'll dare to up National Insurance this year, or leave it on the back burner for next year? Quote Link to comment Share on other sites More sharing options...
craggy_steve Posted February 13, 2022 Share Posted February 13, 2022 Gov't will benefit from increased NI receipts simply by increasing the minimum wage, but yep, I think it's not unreasonable to expect an NI increase in line with the increase in the UK NI. A Win-Win for Treasury that probably looks irresistably tempting. 1 Quote Link to comment Share on other sites More sharing options...
2112 Posted February 13, 2022 Share Posted February 13, 2022 One of the reasons for the NI rise was a) to increase the amount the NHS receives and it was a prelude to the social care tax. What is the IOM doing as regards the latter? Quote Link to comment Share on other sites More sharing options...
doc.fixit Posted February 13, 2022 Share Posted February 13, 2022 29 minutes ago, 0bserver said: It's just a couple of days until the budget is unveiled. I have almost no doubt that Ashy will be freezing income tax brackets and introducing a raft of stealth charges to pay for the continued Isle of Man Government bloat. Do we think he'll dare to up National Insurance this year, or leave it on the back burner for next year? Don't forget the road tax or however you wish to refer to it. Quote Link to comment Share on other sites More sharing options...
TheTeapot Posted February 13, 2022 Share Posted February 13, 2022 They'd be wise to leave NI alone, another tiny perk for folk considering moving for work. If they want to steal more of peoples money raise the upper limit first. 9 1 Quote Link to comment Share on other sites More sharing options...
A fool and his money..... Posted February 13, 2022 Share Posted February 13, 2022 And get rid of the swerves company directors use to pay little NI. It's basically a tax on low and middle earnings workers. Why do you think the Tories chose NI instead of income tax across? 2 Quote Link to comment Share on other sites More sharing options...
forestboy Posted February 13, 2022 Share Posted February 13, 2022 35 minutes ago, doc.fixit said: Don't forget the road tax or however you wish to refer to it. Time it was standardized for all vehicles. No special rates for EV or diesel. Emission rates are a rip off. 7 Quote Link to comment Share on other sites More sharing options...
Non-Believer Posted February 13, 2022 Share Posted February 13, 2022 (edited) It's time to stump up, serfs, give us your last groats. Was it New York's Times Square where there was a 24/7 counter displaying the USA's increasing National Debt, a couple of dollars every second? Maybe we could have a similar thing at the old Villiers site? Two displays showing PS pensions liability and Govt/CS headcount endlessly rising. Edited February 13, 2022 by Non-Believer typo 5 3 Quote Link to comment Share on other sites More sharing options...
Banker Posted February 13, 2022 Share Posted February 13, 2022 59 minutes ago, craggy_steve said: Gov't will benefit from increased NI receipts simply by increasing the minimum wage, but yep, I think it's not unreasonable to expect an NI increase in line with the increase in the UK NI. A Win-Win for Treasury that probably looks irresistably tempting. Thought Ashie said he had no plans to introduce a health tax similar to UK but also we need to have a discussion on how to fund social care soon so assume we will have to introduce next year. NI limits need lifting so higher earners pay more & also all those taking tax free income from massive pension pots need revision 4 Quote Link to comment Share on other sites More sharing options...
NoTail Posted February 13, 2022 Share Posted February 13, 2022 Going forward, we need to face the challenges coming down the tracks. Our hard working civil servants have provided an outstanding performance under the most difficult of times. We need to recognise the issues facing hard working families, so bearing in mind the international headwinds facing us, we need to tighten our belts and batten down the hatches. The Isle of Man is in a unique and privileged position to take advantage of the benefits of being in the middle of the Irish Sea. Over the coming period, we expect to improve our roads, walkways and other essential infrastructure through increased road tax which will please the green lobby. Overall we are ace and everything is just great. Can't be bothered to add any more crap but I probably get the bingo prize..... 4 Quote Link to comment Share on other sites More sharing options...
Banker Posted February 13, 2022 Share Posted February 13, 2022 (edited) 5 minutes ago, NoTail said: Going forward, we need to face the challenges coming down the tracks. Our hard working civil servants have provided an outstanding performance under the most difficult of times. We need to recognise the issues facing hard working families, so bearing in mind the international headwinds facing us, we need to tighten our belts and batten down the hatches. The Isle of Man is in a unique and privileged position to take advantage of the benefits of being in the middle of the Irish Sea. Over the coming period, we expect to improve our roads, walkways and other essential infrastructure through increased road tax which will please the green lobby. Overall we are ace and everything is just great. Can't be bothered to add any more crap but I probably get the bingo prize..... Thanks Ashie! But you forgot the pay rise of 6% for all Public sector including Tynwald 😀 Edited February 13, 2022 by Banker 2 Quote Link to comment Share on other sites More sharing options...
SleepyJoe Posted February 13, 2022 Share Posted February 13, 2022 The sheer size of government is a heavy burden on the much put upon Manx taxpayer, especially those on low to middle incomes Treasury Minister must demonstrate a willingness to cut his cloth, at least until KPMG come up with ideas for a plan for the economy to save the CanCom bacon 4 1 Quote Link to comment Share on other sites More sharing options...
Non-Believer Posted February 13, 2022 Share Posted February 13, 2022 I predict targeted rises for the middle and lower classes and rises in vehicle and "stealth" taxes (which will again be disproportionately borne by the above). Maybe a little tinkering around the edges but that will be it; because we are still wedded to an economic and taxation model that bears no resemblance to the current circumstances the Island finds itself. That and the mantra to Govt ears from those who currently do well out of the system is why we have to take out £400M loans to keep the ship afloat. 2 Quote Link to comment Share on other sites More sharing options...
A fool and his money..... Posted February 13, 2022 Share Posted February 13, 2022 Does anyone else think it's odd that we have 24 MHK's on £70K, 11 MLC's and scores of civil servants on £100K plus, yet we still have to employ KPMG on Christ knows how much to tell us how to take the Island forward financially? 4 2 Quote Link to comment Share on other sites More sharing options...
SleepyJoe Posted February 13, 2022 Share Posted February 13, 2022 It is indeed remarkable Ashford has declared himself ideologically wedded to free enterprise, so when KPMG come up with logical proposals for a mixed market 'green' digital economy of enterprise in a variety of forms there'll be humble pie either swallowed or spat across the room 1 Quote Link to comment Share on other sites More sharing options...
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