How would you fix the economy.

[Clint]

Should they be in chains and have a foreman with a whip and a savage dog.

And a five cartridge pump action.

 

[Brew_DD2]

Should they be in chains and have a foreman with a whip and a savage dog.

His fantasy.

 

[YeastFace]

What do I need to search for to get that GIF?

 

[Brew_DD2]

What do I need to search for to get that GIF?

You should be able to save it from this page.

 

[Agentgonzo]

What do I need to search for to get that GIF?

"Homer masturbating" by the looks of it

 

[Nicks90]

One other idea to help pay off the national debt.
All residential properties in the UK must be owned by a named individual or a UK based property company. Outlaw foreign shell companies buying residential property completely.
The named individual must provide proof of identity and proof of how its going to be paid for, with appropriate tax records and national declarations of that income if they are foreign. These declarations would then be passed to the appropriate embassy for confirmation of identity.
For UK based companies then they must declare their directors, declare the investments and from which individuals those investments came from and prove that the property is being rented at market value with appropriate income, tax and declarations on that rental income for the company.

I reckon this would stop stolen / illegal funds being syphoned through shell companies and being laundered by buying up London mansions.
And if you can't prove all of that, then the property is seized by HMRC and sold off.
And for existing properties owned by Shell companies, give them 6 months to transfer ownership to an individual, with all the rules above, or it's seized as well.

 

[Polcho]

I think that sort of approach is possible. My brother has lived in New Zealand for over 20 years, last time we were visiting, I’m sure he told me that foreigners were no longer allowed to purchase a home there.

 

[Brew_DD2]

Housing market in London would collapse overnight.

 

[Agentgonzo]

Housing market in London would collapse overnight.

Then maybe people could afford to live there again!

 

[Polcho]

Roger that!

 

[Brew_DD2]

Then maybe people could afford to live there again!

No bad thing, but the knock-on effect would be nationwide. Our country has got drunk on dirty money during the Cameron years.

 

[foxy]

I think that sort of approach is possible. My brother has lived in New Zealand for over 20 years, last time we were visiting, I’m sure he told me that foreigners were no longer allowed to purchase a home there.

New Zealand you can buy properties, they are very particular who the let in though. Most countries around the globe allow foreigners to buy properties. Australia has clamped down somewhat as we have more foreign investors buying properties in Australia than the UK. They are only allowed to buy new properties so ensuring more work, and existing properties if they spend 50% of the value on reworking or renovating the property.

 

[Leon103]

One other idea to help pay off the national debt.
All residential properties in the UK must be owned by a named individual or a UK based property company. Outlaw foreign shell companies buying residential property completely.
The named individual must provide proof of identity and proof of how its going to be paid for, with appropriate tax records and national declarations of that income if they are foreign. These declarations would then be passed to the appropriate embassy for confirmation of identity.
For UK based companies then they must declare their directors, declare the investments and from which individuals those investments came from and prove that the property is being rented at market value with appropriate income, tax and declarations on that rental income for the company.

I reckon this would stop stolen / illegal funds being syphoned through shell companies and being laundered by buying up London mansions.
And if you can't prove all of that, then the property is seized by HMRC and sold off.
And for existing properties owned by Shell companies, give them 6 months to transfer ownership to an individual, with all the rules above, or it's seized as well.

Seems a lot of hard work and cost with multiple loop holes. If we do this, will other countries follow suit and I will have to pay a Spanish guy to be the front for my villa in ibiza.

 

[Bernie]

One other idea to help pay off the national debt.
All residential properties in the UK must be owned by a named individual or a UK based property company. Outlaw foreign shell companies buying residential property completely.
The named individual must provide proof of identity and proof of how its going to be paid for, with appropriate tax records and national declarations of that income if they are foreign. These declarations would then be passed to the appropriate embassy for confirmation of identity.

That happens already.

For UK based companies then they must declare their directors, declare the investments and from which individuals those investments came from and prove that the property is being rented at market value with appropriate income, tax and declarations on that rental income for the company.

That information is readily available already.

I reckon this would stop stolen / illegal funds being syphoned through shell companies and being laundered by buying up London mansions.
And if you can't prove all of that, then the property is seized by HMRC and sold off.
And for existing properties owned by Shell companies, give them 6 months to transfer ownership to an individual, with all the rules above, or it's seized as well.

How does all this help pay off the National Debt?

 

[Nicks90]

@Leon103 why would you need to front a random spanish guy, or is your income from illicit means?
if you can prove you have earnt your money legitimately, then there isnt a problem. I am sure there are loads of loopholes and much cleverer people that us would need to work it all out, but the current system is a complete farce.
"i'd like ot buy this £15mill property, well Nicks90 Holdings in the Caymen Isles would like to buy it". Sure, sign on the dotted line. Job jobbed... utter joke.
@Bernie
how many multi milion pound properties would be siezed and sold off by hmrc under this? that got to be a fair amount towards the coffers for the great unwashed benefits scroungers.....

 

[foxy]

@Leon103 why would you need to front a random spanish guy, or is your income from illicit means?
if you can prove you have earnt your money legitimately, then there isnt a problem. I am sure there are loads of loopholes and much cleverer people that us would need to work it all out, but the current system is a complete farce.
"i'd like ot buy this £15mill property, well Nicks90 Holdings in the Caymen Isles would like to buy it". Sure, sign on the dotted line. Job jobbed... utter joke.
@Bernie
how many multi milion pound properties would be siezed and sold off by hmrc under this? that got to be a fair amount towards the coffers for the great unwashed benefits scroungers.....

It would be more beneficial selling properties, or businesses to foreign investors, this will bring in foreign investment and help counter the huge deficit the UK has found itself in.
Selling the properties owned by foreign investors will push the deficit even higher.
Whatever the PM and Chancellor is going to come up with it is going to be a bitter pill to swallow.

 

[Bernie]

how many multi milion pound properties would be siezed and sold off by hmrc under this? that got to be a fair amount towards the coffers for the great unwashed benefits scroungers.....

Whenever nations have tried to seize foreign owned property it has been a failure. The result is massive divestment of property and the nation would be the last of the sellers, thus, finding itself the owner with no buyers.
How would this apply to foreign businesses who have factories with equipment and materials inside the property?

 

[Leon103]

@Leon103 why would you need to front a random spanish guy, or is your income from illicit means?
if you can prove you have earnt your money legitimately, then there isnt a problem. I am sure there are loads of loopholes and much cleverer people that us would need to work it all out, but the current system is a complete farce.
"i'd like ot buy this £15mill property, well Nicks90 Holdings in the Caymen Isles would like to buy it". Sure, sign on the dotted line. Job jobbed... utter joke.
@Bernie
how many multi milion pound properties would be siezed and sold off by hmrc under this? that got to be a fair amount towards the coffers for the great unwashed benefits scroungers.....

@Leon103 why would you need to front a random spanish guy, or is your income from illicit means?
if you can prove you have earnt your money legitimately, then there isnt a problem. I am sure there are loads of loopholes and much cleverer people that us would need to work it all out, but the current system is a complete farce.
"i'd like ot buy this £15mill property, well Nicks90 Holdings in the Caymen Isles would like to buy it". Sure, sign on the dotted line. Job jobbed... utter joke.
@Bernie
how many multi milion pound properties would be siezed and sold off by hmrc under this? that got to be a fair amount towards the coffers for the great unwashed benefits scroungers.....

It just won't be mansion in Chelsea though. Half our high streets will be empty. Nearly every bar, take away, restaurants etc on our high streets are owned by Shell companies and OCG'S, the Albanians are literally buying everything up, even in sleepy Welsh coastal towns.

 

[Covrich]

 

[Cheshire Cat]

Only if the energy companies pass on the lower costs to our bills and not create more profits.