<p>This week, we’re talking taxes. Don’t switch off, don’t fall asleep and please don’t hire an accountant as the next 45 minutes will defy the laws of gravity and make taxes sexy. Or make saxes testy… </p><br><p>Mentioned in today’s show: Barbarians at the Gate: <a href="https://youtu.be/Z3HiONtjZSM?si=xZ64zb46sYIfSs5Z" rel="noopener noreferrer" target="_blank">https://youtu.be/Z3HiONtjZSM?si=xZ64zb46sYIfSs5Z</a></p><br><p>For more on Bubble Trouble, including transcripts of the show, visit us online at <a href="http://bubbletroublepodcast.com/" rel="noopener noreferrer" target="_blank">http://bubbletroublepodcast.com</a></p><p>You can learn more about Richard at <a href="https://www.linkedin.com/in/richard-kramer-16306b2/" rel="noopener noreferrer" target="_blank">https://www.linkedin.com/in/richard-kramer-16306b2/</a></p><p>More on Will Page at: <a href="https://pivotaleconomics.com/" rel="noopener noreferrer" target="_blank">https://pivotaleconomics.com</a></p><p>(Times below correspond to the episode without considering any inserted advertisements.)</p><br><p>In this engaging episode of Bubble Trouble, hosts Richard Kramer and Will Page explore the complex world of taxes with humor and depth. They discuss the UK's tax system, the incentives it creates, and its contribution to economic inequalities. The duo delves into the problems of the tax code, including issues surrounding tax avoidance by the wealthy, lack of public sector productivity improvements, and the inefficiencies within the HMRC. Kramer and Page critique the approach of privatizing public utilities and the potential problems with private equity in the public sector. They also touch on broader issues like the lack of investment in tax authority systems and propose using tax policies for positive changes, like encouraging the shift from petrol to electric cars in Denmark. Through their insightful conversation, Kramer and Page aim to demystify taxes and highlight their significant impact on society.</p><br><p>00:00 Introduction</p><p>00:46 Part One</p><p>00:51 The UK's Budget Week and Tax System Insights</p><p>01:48 Tax Evasion vs. Public Sector Productivity</p><p>02:46 The Inequality of Tax Codes: A Global Issue</p><p>04:03 Tax System Flaws and Their Impact on Society</p><p>07:22 VAT: The Taxpayer as Tax Collector</p><p>11:31 The Complexity of National Insurance</p><p>13:43 Simplifying Tax Systems: A Call for Transparency</p><p>16:28 Private Equity and Tax Systems: A New Challenge</p><p>22:39 Decoding the Fiscal Drag Queen</p><p>23:00 The Political Divide on Taxation</p><p>23:21 Economic Lecture: Tax Burden and Growth</p><p>25:07 The Impact of Fiscal Drag on Tax Bands</p><p>26:15 The Surprising Windfall from Fiscal Drag</p><p>27:22 Part Two</p><p>27:45 Exploring the World of Private Equity</p><p>28:51 The Tax Loopholes Fueling Private Equity</p><p>32:24 The Potential Bubble in Public Utilities</p><p>36:26 The Disconnect Between Tax Policy and Reality</p><p>43:58 A Positive Tax Example from Denmark</p><p>47:28 Credits</p><p><br></p><br /><hr><p style='color:grey; font-size:0.75em;'> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.</p>
