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Farm Business
Agricultural Matters
Mr Dyson is cleaning up..!
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<blockquote data-quote="Longlowdog" data-source="post: 4830390" data-attributes="member: 395"><p>The counter argument to the land falling into the hands of too few people is simple. They can't do it themselves so they employ people. Lots of people. Those people have jobs with holidays and benefit packages and they pay tax back to the country on land that was probably claiming all the vat back and not making enough profit to pay tax previously. The same argument also covers the likes of Starbucks who are pilloried for tax avoidance yet employ tens of thousands of tax payers and provide employment packages that allow folk to live and prosper if they apply themselves.</p><p> There is a net gain for the nation. If the person facilitating this gets a inheritance tax concession or they find a tax loop-hole then so be it. If the family continue to farm it they continue the cycle. If they sell it presumably they get clobbered by capital gains tax.</p></blockquote><p></p>
[QUOTE="Longlowdog, post: 4830390, member: 395"] The counter argument to the land falling into the hands of too few people is simple. They can't do it themselves so they employ people. Lots of people. Those people have jobs with holidays and benefit packages and they pay tax back to the country on land that was probably claiming all the vat back and not making enough profit to pay tax previously. The same argument also covers the likes of Starbucks who are pilloried for tax avoidance yet employ tens of thousands of tax payers and provide employment packages that allow folk to live and prosper if they apply themselves. There is a net gain for the nation. If the person facilitating this gets a inheritance tax concession or they find a tax loop-hole then so be it. If the family continue to farm it they continue the cycle. If they sell it presumably they get clobbered by capital gains tax. [/QUOTE]
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Mr Dyson is cleaning up..!
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