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exiled CITY AFC

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11466 posts
First used 11/01/17

#91
15/11/2017 at 11:06

Quote Quote by essexgull on 14/11/2017 at 19:30
The creators and actors of Mrs Browns Boys didn't pay UK tax at all - they got paid gross to a limited company, transferred the money into a Mauritian shell company, paid 10%, then used the Mauritian shell company to 'loan' them back the money... which was never repaid.
These kind of examples are nothing like what you describe.
ESSEX GULL


That example yes - but I am referring to the routine 'offshoring' and repatriation of a transaction to avoid double tax is done by virtually every pension scheme in the UK. If they have a crack down on that there would be a pensions crisis and people would have to go outside the UK to get a competitive retirement.

Queen included

This stuff is purely political, like the major government on single mothers, they leak a story every week to take focus away from them fudging Brexit week on week and us having a lame duck prime minister.

If they want the worst stuff sorting they could do it in a heart beat - change and simplify the tax code...

Long overdue to catch up with the global lives many of us now have.

I pay tax in four countries now but only get a vote in one - that's not right is it?

Let it never be said that I was silent when they needed me - William Wilberforce 

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exiled CITY AFC

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11466 posts
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#92
15/11/2017 at 15:43

Quote Quote by essexgull on 14/11/2017 at 19:30
The creators and actors of Mrs Browns Boys didn't pay UK tax at all - they got paid gross to a limited company, transferred the money into a Mauritian shell company, paid 10%, then used the Mauritian shell company to 'loan' them back the money... which was never repaid.
These kind of examples are nothing like what you describe.
ESSEX GULL


That example yes - but I am referring to the routine 'offshoring' and repatriation of a transaction to avoid double tax is done by virtually every pension scheme in the UK. If they have a crack down on that there would be a pensions crisis and people would have to go outside the UK to get a competitive retirement.

Queen included

This stuff is purely political, like the major government on single mothers, they leak a story every week to take focus away from them fudging Brexit week on week and us having a lame duck prime minister.

If they want the worst stuff sorting they could do it in a heart beat - change and simplify the tax code...

Long overdue to catch up with the global lives many of us now have.

I pay tax in four countries now but only get a vote in one - that's not right is it?

Let it never be said that I was silent when they needed me - William Wilberforce 

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candw

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#93
16/11/2017 at 07:47

If they want the worst stuff sorting they could do it in a heart beat - change and simplify the tax code...

Long overdue to catch up with the global lives many of us now have.

They don't wish to. They are pulling us out of EU rapidly, before EU takes action we would have to follow.

I pay tax in four countries now but only get a vote in one - that's not right is it?

For someone whose view is that nobody even deserves the one vote you have, one is too many.

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exiled CITY AFC

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#94
17/11/2017 at 09:16

So no real answers

Just like the polticians - happy to spout off but no solutions  

Let it never be said that I was silent when they needed me - William Wilberforce 

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essexgull

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#95
19/11/2017 at 16:30

The answer is... that if those moving money offshore, to save on tax, didn't do so and paid a flat 40%, they'd still be extremely wealthy... not one of them would be 'poor' or even middle class wealthy. Yet i they paid this tax, the government treasury and hence, the people of the UK, would be better off all round. So it's down to pure greed, not efficiency or any of this rubbish made up to excuse it.

As many have stated, obtaining money and assets is an addiction - very few state they have enough and will stop and redistribute. Allowing those who are already extremely wealthy, and have this addiction, to run a country and be expected to share the pot among residents fairly, is the same as giving a large pile of cocaine to a few cokeheads and asking them to share it among the attendees of a party fairly... (this isn't my quote), it just won't happen. And as we are seeing with the US and UK which have politicians who are either wealthy themselves or puppets for the wealthy, the two countries are getting more and more unequal and the pot is being moved further in favour of the wealthy.

This is very plain to see. That countries as wealthy as the US and UK can have millions of 'working poor' is astonishing and obscene.


ESSEX GULL 

95 posts. < 1 2 3 4 5 6 7 > Show 15 30 50