Thought Id start this one going because its rather dead on this board at the moment and I suppose all my usual muckers are either at the Stella tennis event watching Dim Tim (lose again) or at Henly Regatta eating cucumber sandwiches (they wish,...NOT).

Anyway please feel free to just talk to yourself blast away and let it go on any company or subject you wish. Just wish Id thought of this one before.

cheers GF.

I wonder if Miliboy is as good at creating money as he is at destroying it. First the energy companies, then the builders and he's not even elected yet? Who's next one wonders? He will never be PM, but still his mission to damage the UK economy carries on unabated.

perhaps labour will nationalise housebuilders as well, to ensure they don't make more than 5% profit .... mind you, with plenty of new managers and paperwork in place, they'll be lucky to make any profit at all


it never ceases to amaze me how utterly gormless 95% of politicians are, with some totally preposterous and unthought "wonder schemes" splattered all over the place .... the inevitable, "oh, it was meant like that and it was all taken out of context" swiftly follows

I have it on good authority that you will be nationalised, and about time to in my humble -):

that means you'll own a part of me .... what a privileged chap you will be :-)

Conservatives still on course for a majority.

total bollocks ...... most seats yes, but majority not in a zillion years

You have to realise that H/S lost the plot years ago Alf.

i've just the plot for him - in willesden cemetry :-)

What a good idea, can I contribute -):

I bet you that Labour will try and tax speadbet's , Milli as allready said he will tax sporting bet's.

Clem Chambers said he has a bet that UKIP will get 5 seats

i confess i have always been puzzled that s/b are not treated the same way as cfds or even shares - ie as for cgt

Probably because some of the political crooks and their mates are in on it themselves.

the current ruling goes back a great many years
for some reason s/b is regarded as gambling whereas cfds and shares are perceived as investing .... all a bit esoteric, but i guess it may be to do with s/b having time constraints or somesuch ..... i wonder how traditional traded options are classified for taxation purposes

Keeping the books may be to difficult.

Better to tax the profits of the companies.

But I suppose they could put a levy on a deal!

Good idea Fred, and double tax if they contribute to the "Con" Artists.

Betting (including spread betting) is a zero sum game. If governments start taxing punters on their winnings, there would also have to be a strong case on them offering relief on punters' losses, and, by virtue of the fact it's a zero sum game, it would almost certainly cost the government money overall.

As it happens, the game player who stands the greatest chance of winning (ie. the bookie) is already taxed on their profits.

Game theory

Zero-sum games

Also gambling tax law changed at the end of last year. Bookies now pay tax based upon 'point of contribution' instead of 'point of supply'. So offshore bookies must pay HMRC on profits made from UK clients.

Have you ever looked into sport betting, Hils, as in 'a la Peter Webb' type stuff?

If so, got a comment on it?

I know you like cricket and so there's kinda a bit of a fit, IYSWIM?

As spread bet punters loose 90% of they money inside 9 months , then Hilary could well be right