Re: EU...IN or OUT?
Originally Posted by
Bruce
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If Britain does leave the EU what will happen to all the people who took advantage of the fact that they can live anywhere in the EU and instead of merely whinging about Britain moved to somewhere warmer?
What will be their status in their adopted homeland if Britain leaves the EU?
Hi
There are 1.26 million UK Citizens living in the EU.
What will happen to them is uncertain.
Given the school playground nature of Politics, if, as some on here want, we start restricting EU Citizens coming to the UK, the EU will do the same.
If, as is suggested in the Media, we start sending EU Migrants back home, the EU will do the same.
The biggest issue regarding numbers could be reciprocal taxation.
If, as some of the Media suggest, we stop paying benefits immediately to EU Migrants, EU Countries could end Reciprocal Tax arrangements.
This will cost us money and disproportionally impact on UK Pensioners living in the EU,
At the moment Income Tax is paid in the country of origin of the money.
UK Pensioners could well find their Pensions taxed in the Country where they live, not here in the UK.
That will put them, depending on how much they earn, in a position of being taxed twice.
It must be remembered that the UK is a very low tax country compared to the EU, where in many Countries they do not have our very generous tax free amounts.
In Poland, you start paying Income Tax when you earn £600 a year, not £10,600 as in the UK, the rate is 18%, as against 20% in the UK.
You start paying Higher Rate Tax at £18,000 a year, as against £42,000 in Poland.
In Portugal, there is no tax free allowance at all and when you earn over £5,000 a year Income Tax is 28.5%, over £16,000 a year it is 37%.
Which explains why there are so many Polish Small Businesses registered here in the UK.
In the small village where I live, there are 17 Polish and 2 Portuguese Businesses registered, all paying taxes here in the UK.
Ian Duncan Smith and the Daily Mail are not shouting about how much tax we will be losing are they?
We know how much we will save when we leave, but no one has costed how much it will cost us.
We are not idiots, we can be trusted, I find it offensive that we are being treated like mushrooms by both sides.