Wealthiest 3,000 working on ‘edge of legality’ using shell companies to funnel dividends and own property to avoid income tax, says study
  • sixCats@lemmy.dbzer0.comEnglish
    6·
    1 year ago

    I think that’s crazy

    I also think that’s crazy. In the UK we pay stamp duty, a one time tax when you buy property. It’s much more if it isn’t your primary residence

    • JoBo@feddit.ukEnglish
      3·
      1 year ago

      You pay council tax. It is a different way of collecting the same tax.

      • sixCats@lemmy.dbzer0.comEnglish
        1·
        1 year ago

        Council tax doesn’t pay for any of the things that property taxes do. The USA also has separate taxes for bin collection etc

        • JoBo@feddit.ukEnglish
          2·
          1 year ago

          You’re paying for local services and the amount you pay is based on the value of your home. HTH

          • sixCats@lemmy.dbzer0.comEnglish
            1·
            1 year ago

            Yea but notably property taxes pay for schools in the USA, council tax pays for roads, lights, bins etc

            In the UK you don’t get to go to a better school just because your house costs more money