Sex God
with the likes of jimmy Carr jumping on the tax avoidance band wagon just how deep does it go and how many other high earners are avoiding paying even a fair amount of tax ??
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how deep is the rot
Warming the Bed
Just another in a long line of left wing hypocrites whose attitude is do as I say not as I do. Champagne socialists really are the lowest of the low!
Sex God
Sex God
Quote by Trevaunance
http://www.swingingheaven.co.uk/swingers-forum/viewtopic/408669.html
Already begun.
does this mean we are stuck in an infinite loop
Sex God
No, it just means that someone has merged two threads, and I get to look like an idiot for a bit 
Sex God
Back in March, after the Budget, Osborne claimed on the Today programme that he was not in the 50p tax bracket of those earning £150,000 or more as his £134,565 salary puts him just £15,435 shy of the higher rate (aka additional rate) tax band.
When challenged by Evan Davis that he had other sources of income which would put him over the line, Osborne retorted, “I’m not, actually.”.
But the Register of Member’s Financial Interests reveals he has been in receipt of rent from a property in London since at least July 2011.
However what property in London can you rent for less than £16,000 per year?
From DirectGov: “Your taxable profit from property letting is added to your overall income. If this is more than your tax allowances you'll pay tax on it at normal Income Tax rates.”-- unless you've set up some other legal vehicle?
Amid this furore The Prime Minister said in April that he expected information about his own finances to become public, and was relaxed about the prospect. But a Number 10 aide said this week that the proposal is still being "looked into" and that Ministers are "not closed to the idea", but it is "not a very near-future thing".
Whilst 'Dave' declares these 'morally wrong' when talking about Jimmy Carr's tax scheme, we find that his father ran a network of offshore investment funds some via Panamanian company, Blairmore Holdings in 1982, (which it's reported he was "instrumental" in setting up), which was exempt from UK tax. Though entirely legal, the funds were set up in tax havens such as Panama City and Geneva, and explicitly boasted of their ability to remain outside UK tax jurisdiction.
When challenged by Evan Davis that he had other sources of income which would put him over the line, Osborne retorted, “I’m not, actually.”.
But the Register of Member’s Financial Interests reveals he has been in receipt of rent from a property in London since at least July 2011.
However what property in London can you rent for less than £16,000 per year?
From DirectGov: “Your taxable profit from property letting is added to your overall income. If this is more than your tax allowances you'll pay tax on it at normal Income Tax rates.”-- unless you've set up some other legal vehicle?
Amid this furore The Prime Minister said in April that he expected information about his own finances to become public, and was relaxed about the prospect. But a Number 10 aide said this week that the proposal is still being "looked into" and that Ministers are "not closed to the idea", but it is "not a very near-future thing".
Whilst 'Dave' declares these 'morally wrong' when talking about Jimmy Carr's tax scheme, we find that his father ran a network of offshore investment funds some via Panamanian company, Blairmore Holdings in 1982, (which it's reported he was "instrumental" in setting up), which was exempt from UK tax. Though entirely legal, the funds were set up in tax havens such as Panama City and Geneva, and explicitly boasted of their ability to remain outside UK tax jurisdiction.
The thing about it is ...given the opportunity we would probably all take a chance to avoid tax, legally if we could. The thing is it is only the mega rich that can afford high paid accountants to find and exploit loopholes. I do think these people do have some moral duty.....if you earning such high amounts there is only so much you can spend it on !!!
Sex God
Quote by Andy_Jules
with the likes of jimmy Carr jumping on the tax avoidance band wagon just how deep does it go and how many other high earners are avoiding paying even a fair amount of tax ??
You asked a question(s) but offered no opinion? but in any case.
stuff
j
lets just say i think a 25% tax should be a minimum when earnings exceed 75k
Quote by Andy_Jules
Lovely aint it, but anyway, death and taxes are the only things certain in life and have we not all at some point avoided tax eg: builder does a job, you offer him cash in hand for a reduction? nothing wrong with that but if their is a vat element is that tax avoidance by you or simple theft from the HMRC? and so on.
j
If the builder is just giving you a discount for being paid in cash and still accounting for the reduced amount, that is perfectly OK. If however, he does not account for the cash then that is tax EVASION which is illegal. Tax avoidance is perfectly legal so long as the relevant tax avoidance scheme has been deemed it is moral is an entirely different question but I guess that most people would say yes when asked the question "Would you like to pay less tax?
Quote by Andy_Jules
with the likes of jimmy Carr jumping on the tax avoidance band wagon just how deep does it go and how many other high earners are avoiding paying even a fair amount of tax ??
You asked a question(s) but offered no opinion? but in any case.
Neither Andy or I are high earners, we sometimes struggle and sometimes we really struggle but I do not think it wrong or even morally wrong for the likes of Jimmy Carr to use an tax avoidance scheme, it's not for the individual not to use it's for the Govt to close the loophole off, morals have nuffin to do with it and when a politician starts quoting the word 'moral' it has me searching for the vomit bucket.
I reckon we pay too much tax, far too much, but say you get your wage packet on a Friday before the end of work (OK i don't, i am just the hired help/come secretary/mummy/bank/taxi and bedroom whore) it's taxed before you get it, you leave work calling into the garage for some fuel, it's taxed, you buy a bottle of wine it's taxed, you're not even home yet! When home you look online for a holiday, your internet bill is taxed, you're paying as you surf, you find a holiday and book it, more tax to pay and if you're off over the water there is even more tax to pay...you haven't even had your tea yet.
So, wage paid, car fueled, wine in the fridge, holiday booked and fodder on it's way, of course to cook the tea requires gas/electric both of which are taxed (albeit 5%) only a few more mins to go, set the table which was subject to tax when you bought it, same goes for the crockery, all taxed at point of purchase..but at last the food is here and for the most part it's not taxed..result?
100% agree with the above, how many can say they have never deliberatly bought something or paid for something knowing that the taxman will never get his legal cut ? buy a car from a dealer and the taxman will get a cut, buy privately he won't see a penny, do you get a reciept from your window cleaner or taxi driver, do you know for sure they will declare every penny or are you assisting them by not asking for a reciept knowing that you won't get the same price if you do ?
Yes some people have a lot more money to avoid payment on but we all do it the amount does not make it any less illegal or imoral, I don't know what the current tax rates are, my own income is tax free but last time I paid it was 25% for a lower bracket and 40% for a higher bracket, so I earn £100 I pay £25 to the taxman, the guy that earns £1000 would pay more on my bracket he would pay £250, already a lot more than e but no he has to pay £400, wow that is a lot more than my £25 contribution, Rooney wow how much is he paying for the same weeks work, ok they still have lots left but that is life, the problem is if you tax the rich too much they look for even more ways of saving it, if I earned a week I wouldnt want to give 40 grand to the taxman, drive them away from UK tax and the taxman gets nothing, I would rather have 25grand each week from a a week earner than nothing because he decided to invest abroad, or move abroad or bank offshore where he could keep more of his 40grand wages.
Food eaten, you're slumped in your chair watching your flat screen tv, taxed at purchase, you turn on your sky box of which the subscription is taxed and after a while it's time for bed, you arm the alarm (fitting of which included vat) content in the knowledge that your alarm company are there should there be a problem (their fee for this is taxed) and finally the boudoir, you're on a promise, out comes the rabbit (taxed at purchase) out comes the condoms (currently 5% tax i think) oooh all is well, good sesh & post coital smoke ( we dont smoke) taxed, then it's snooze land and happy dreams (not currently taxed)
Lovely aint it, but anyway, death and taxes are the only things certain in life and have we not all at some point avoided tax eg: builder does a job, you offer him cash in hand for a reduction? nothing wrong with that but if their is a vat element is that tax avoidance by you or simple theft from the HMRC? and so on.
We don't have the money that Jimmy Carr does to be able to avoid tax like he has (he has since posted on twitter that he wont be doing it again), some may see his actions of exploiting a loophole as damaging the economy but I'm not one of those ppl, the govt take take take and squeeze squeeze squeeze every last morsel of money they can from you, if there is a way around it and it's legal then feck the morals.
j
Sex God
Rather than spouting a load of :censored: about legalities that i am not qualified to quantify I will merely spout of about a few simple facts.
1. Income tax was first raised as a method to raise funds to fight the French. We won, so can we move on now?!?!
Obviously not, seeing as ANY government will continue to rake in funds to run things the latest fad says we must.
2. What Jimmy Carr did wasn't illegal. However I do hope he has the balls to stop meddling in politics or taxes in the future. He cannot be morally right to argue against any form of government that he has deliberately shirked the responsibility to pay for.
3. Everything in life is taxed, with very few exemptions. You can't even die without risking a 40% tax bill! However, if everyone, by which I mean businesses, paid correctly rather than offshore then maybe we wouldn't be in the mess we are today.
1. Income tax was first raised as a method to raise funds to fight the French. We won, so can we move on now?!?!
Obviously not, seeing as ANY government will continue to rake in funds to run things the latest fad says we must.
2. What Jimmy Carr did wasn't illegal. However I do hope he has the balls to stop meddling in politics or taxes in the future. He cannot be morally right to argue against any form of government that he has deliberately shirked the responsibility to pay for.
3. Everything in life is taxed, with very few exemptions. You can't even die without risking a 40% tax bill! However, if everyone, by which I mean businesses, paid correctly rather than offshore then maybe we wouldn't be in the mess we are today.
Sex God
Hear hear
:thumbup:
:thumbup:
Sex God
If I were Jimmy Carr I'd have done exactly the same thing. Absolutely EVERYONE moans about taxes and he found a way to appease his own grumbles that was perfectly legal and as far as I'm concerned morally fine as well. The people in the wrong are those who know about these loopholes, have the power to prevent them and yet haven't done so.
Quote by Gee_Wizz
If I were Jimmy Carr I'd have done exactly the same thing. Absolutely EVERYONE moans about taxes and he found a way to appease his own grumbles that was perfectly legal and as far as I'm concerned morally fine as well. The people in the wrong are those who know about these loopholes, have the power to prevent them and yet haven't done so.
Maybe because they are using these devices themselves
Quote by GnV
If I were Jimmy Carr I'd have done exactly the same thing. Absolutely EVERYONE moans about taxes and he found a way to appease his own grumbles that was perfectly legal and as far as I'm concerned morally fine as well. The people in the wrong are those who know about these loopholes, have the power to prevent them and yet haven't done so.
Maybe because they are using these devices themselves
What JC did is morally fine by me. If these people allowing the loopholes are doing so for their own benefit, that just adds to how 'in the wrong' I feel they are... to put it politely!
Quote by Trevaunance
1. Income tax was first raised as a method to raise funds to fight the French. We won, so can we move on now?!?!
Sorry to be pedantic but sometimes I just can’t help it.
If I’m not mistaken taxes in some form or another were invented way before France even existed and I mean way, way before. About 3000 years ago (give or take) taxes were charged to Egyptian people by the Pharaohs.
Romans of course had a prime example of a tax system. I was about to say that it was the Romans who brought taxation to the British Isles but I’m sure other historians here will attest that the Celts used some form or taxation or another.
Taxation wasn’t unique to Europe or the old world in general. Ancient South American cultures also had their own means of taxation.
Taxation, just like death, has always existed.
Do I sound pedantic – yeah yeah I know I do
Sex God
Quote by awol
1. Income tax was first raised as a method to raise funds to fight the French. We won, so can we move on now?!?!
Sorry to be pedantic but sometimes I just can’t help it.
If I’m not mistaken taxes in some form or another were invented way before France even existed and I mean way, way before. About 3000 years ago (give or take) taxes were charged to Egyptian people by the Pharaohs.
Romans of course had a prime example of a tax system. I was about to say that it was the Romans who brought taxation to the British Isles but I’m sure other historians here will attest that the Celts used some form or taxation or another.
Taxation wasn’t unique to Europe or the old world in general. Ancient South American cultures also had their own means of taxation.
Taxation, just like death, has always existed.
Do I sound pedantic – yeah yeah I know I do
You are 100% correct, taxation has always existed. It is not pedantic to be correct.
However please allow the pedant in me to point out the statement you quoted from me was about income tax, not taxation in general.
Taxation in Great Britain prior to 1799 was based mainly on the amount of land you owned, although there were many different types of taxes.
However income tax was first introduced, as I have said, to raise funds to fight the french and it was the first tax in GB history to be based upon what you earn as opposed to what you already had.
Sex God
Quote by bayboy1664
Just another in a long line of left wing hypocrites whose attitude is do as I say not as I do. Champagne socialists really are the lowest of the low!
In defence of the left ... can I suggest that young Mr Carr is more of an un-aligned that his actions are morally repugnant to anyone with any kind of concept of social responsibility.
HYe was looking a bit pale on 8 out of 10 cats this week,you might even say a little wan ...... I'll let you work the rest out for yourselves
I haven't ever voted, don't have any quails to comment on the system etc ... but my simplistic view and main whinge are these:
1. People who have worked and become successful and therefore rich, shouldn't be punished for doing so! If they deserve a huge bonus after making more then what has it got to do with the feckin politicians?
2. The whinge ... when I see or don't see what my tax is used for ... they shouldn't be allowed to access it until they can at least use Xcel on a laptop ...
Oh and I've used the same scheme Jimmy used ... but now he has been rumbled on the telly ... thats fecked it for all now .. twat :P
Big Dave is at least sorting the Jeremy Kyle lot out and stopping their plasma tv fund ... give them benefits for one year then if your not working by then ... you will be in a day or two when the freebie ends
J ... Maggie would sort it out if she hadn't gone all mentalist too
(had a couple of stella) so excuse any ignorance or ranting ... just read the thread as about to log off and got my soap box out obviously
Recessions are only bad for poorly run companies and people ... to the rest its opportunity .... (Gordon Gecko 12)
1. People who have worked and become successful and therefore rich, shouldn't be punished for doing so! If they deserve a huge bonus after making more then what has it got to do with the feckin politicians?
2. The whinge ... when I see or don't see what my tax is used for ... they shouldn't be allowed to access it until they can at least use Xcel on a laptop ...
Oh and I've used the same scheme Jimmy used ... but now he has been rumbled on the telly ... thats fecked it for all now .. twat :P
Big Dave is at least sorting the Jeremy Kyle lot out and stopping their plasma tv fund ... give them benefits for one year then if your not working by then ... you will be in a day or two when the freebie ends
J ... Maggie would sort it out if she hadn't gone all mentalist too
(had a couple of stella) so excuse any ignorance or ranting ... just read the thread as about to log off and got my soap box out obviously
Recessions are only bad for poorly run companies and people ... to the rest its opportunity .... (Gordon Gecko 12)
Quote by Trevaunance
However please allow the pedant in me to point out the statement you quoted from me was about income tax, not taxation in general.
Ah yes, of course I missed the income bit of your sentence there. So please allow this pedant to stand corrected.
I suppose this should be another lesson in read twice - write once, or was it measure twice - cut once? Whatever - you get the idea
