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Panorama - Tax affairs.

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By:
Ramruma
When: 07 Nov 17 14:25
The Queen might be innocent after all.

According to the Telegraph it was actually the Duchy of Lancaster which is effectively a government department (hence, Chancellor of the Duchy of Lancaster).
By:
treetop
When: 07 Nov 17 14:39
Might we get an apology from Corbyn ?
By:
moisok
When: 07 Nov 17 14:42
I love the guardian's moral outrage.  Running 7 stories at the moment. One of the 'offshore' account papers like the Mail.  How dare they!!!!  see my Spectator article.  ho ho
By:
terry mccann
When: 07 Nov 17 15:13
they just feed us a bit but nothing will ever come of it anyway
By:
Captain carnage
When: 07 Nov 17 16:00
`This chart from the Institute for Fiscal Studies shows that about 90% of income tax is paid by the 50% of taxpayers with the highest incomes, while more than a quarter is paid by the richest 1%.

MORE THAN A QUARTER OF ALL INCOME TAX PAID BY THE RICHEST 1%.

If you think thats fair you must be out of your tiny mind.

That 1% who you all claim pay no tax and avoid everything pays for just about everything the poor get.
By:
Captain carnage
When: 07 Nov 17 16:02
I cannot understand why this loony left, commy, class envy drivel is always allowed to go unchallenged.
By:
Captain carnage
When: 07 Nov 17 16:05
Unfortunately its what you come to expect off most people you meet.

After all it was the `poor' who voted for Brexit - thereby guranteeing themselves to be significantly poorer over the next few decades.

I suppose its the `rich' who mostly voted to stay in Europe who will pay for the simpletons lack of understanding of basic economic principles.
By:
G Hall
When: 07 Nov 17 16:59
You sound like bono
By:
Escapee
When: 07 Nov 17 19:28
After all it was the `poor' who voted for Brexit

encouraged to do so by the 'rich' such as **** Johnson and 1,000's of other non-poor


or is Johnson counted as poor in your stats?
By:
Escapee
When: 07 Nov 17 19:30
*didn't expect the censor to delete bl0w j0b J0hnson
By:
unitedbiscuits
When: 07 Nov 17 19:42
You are both correct. Brexit was popular with the "left behind people" but, unfortunately for them, the cabal who own the Brexit project are extremely privileged and contemptuous of them. Lawson, Lamont, Murdoch, Rees-Mogg, Davre, the Barclay brothers, Redwood, Duncan-Smith.. god help the poor when there's no regulations to save them from these predators.
By:
akabula
When: 07 Nov 17 19:49
After all it was the `poor' who voted for Brexit

So we are split almost 50-50 with poor and rich?
By:
Diff-rent
When: 07 Nov 17 22:07
For the one who sows to his own flesh will from the flesh reap corruption, but the one who sows to the Spirit will from the Spirit reap eternal life.



The bible clearly tells us . It's almost impossible for a wealthy person to enter in to heaven.
By:
terry mccann
When: 07 Nov 17 22:13
thought it was someone who worshipped money
By:
akabula
When: 07 Nov 17 22:17
The Bible? That book that was pieced together from a whole host of tales told by man to man.
Yep a credible source. Laugh
By:
Vubiant
When: 07 Nov 17 22:24
Money makes a good a good servant but a bad master.
By:
Sica Dan
When: 07 Nov 17 22:48
'The man who dies Rich dies disgraced' Andrew Carnegie.
By:
Capt__F
When: 07 Nov 17 22:51
die owe £500  failure
die owe £5000 businessman
die owe £5 billion government


I'm on my way
By:
STUDYFORM
When: 08 Nov 17 01:24
The richest people have all the money!!!!
forget percentages for a minute.

If someone, say a well paid footballer earns £200,000 a week and pays 50% in tax, he still has £100,000 a week coming in.
Whereas, for the majority of us earning between £12,000 and £30,000 a YEAR pay a far lower proportion but have bugger all to live on.

I fail to understand why people with billions of £'s they cannot POSSIBLY spend have to try to avoid paying tax.

Also worth remembering is that income tax is only worth 23% (iirc) of all tax revenue.
Road tax, cigarettes, VAT, fuel, etc etc etc is where most of OUR money goes and we ALL have to pay it at the same rate.

Unless, like MP's and other well-versed or contracted, invariably much better off people, it can be offset against expenses or fiddled in some way.

Why the defence for "the rich" - The rich get on fine without support from those who give it just to prove they're not in some way "leftie".
And while we're at it, We're not talking about people who are just a bit well off, but about people and more especially big companies who don't need the money and pay considerably less than they should, NOT more than poorer people.
By:
STUDYFORM
When: 08 Nov 17 01:27
AND.
Big companies who manipulate tax to suit themselves use the increased money they keep to undercut opposition. Thus causing the demise of tens of thousands of small businesses.
By:
STUDYFORM
When: 08 Nov 17 01:29
Oh, AND,
Most of the richest 1% earn at least 100 times more than the average, so the 1% SHOULD pay 100 times more.
They still get to keep 100 times more.
By:
terry mccann
When: 08 Nov 17 07:50
o you are such a dreamerLove
By:
STUDYFORM
When: 08 Nov 17 11:14
Yep, it'd be nice if some dreams weren't bordering on nightmares, wouldn't it?
By:
Johnny The Guesser
When: 08 Nov 17 19:26
We've done all this before Study. The rich and their taxes keep the whole show on the road.  The country would be stuffed without their taxes.

23 million working age people pay no income tax at all.

300,000 people pay more than a 1/4 of the whole nation's income tax.

The questions we should be thinking about and addressing  are  Why are the poor poor ? Why are the rich rich ?

What do the rich do to make them wealthy ?  It isn't all just luck (although luck does play a part).

Find ways to encourage and educate the disadvantaged to help themselves.

Make society more equal by pushing the poor higher not by dragging the rich down towards them.
By:
donny osmond
When: 08 Nov 17 19:37
income tax has changed for whatever reason, many low earners do not suffer it.

but they pay vat on toy planes for their kids, many high earners , it would seem,
do not pay vat on real planes.
By:
Johnny The Guesser
When: 08 Nov 17 19:41
If I am a builder and I buy a van I can claim the VAT back.

If I am an international businessman and I buy a jet to fly all over the world running my business , why is it so wrong to be able to claim back the VAT ?
By:
donny osmond
When: 08 Nov 17 19:47
vat refund on van, but not on car except certain circumstances.....

plane for private use, at least in part, no full vat refund, unless you know
to register it in the right place.
By:
moisok
When: 08 Nov 17 19:55
the reason why SOME people are poor is they will not get of their erses

I always have said (forever on here)  that if I am in financial trouble I can simply pop up the road and get a job and earn some money

however this is personal and in no way sorts the fundamental problems we have in our society

but it is an attitude  is it not

it is the old victim blaming the others syndrome
By:
Johnny The Guesser
When: 08 Nov 17 19:56
You are missing the point.

The plane has to be used for business purposes to reclaim the VAT in the same way the builder would never use his van for any non business trips.

If non business use is involved then that proportion of VAT on the plane (and the van) should not be reclaimed.
By:
donny osmond
When: 08 Nov 17 20:05
except if plane is registered in the right place

then a full refund is paid out

as in the panorama program being discussed
By:
Johnny The Guesser
When: 08 Nov 17 20:05
The "not rich" fiddle the system by much much more than the rich simply because there are far more of them.
By:
Johnny The Guesser
When: 08 Nov 17 20:07
Do you know for a FACT that a full VAT refund was claimed and not a partial refund ?
By:
donny osmond
When: 08 Nov 17 20:12
i dont think i can claim to know as a fact anything that is shown on tv, so no.
By:
Johnny The Guesser
When: 08 Nov 17 20:29
The problem with the LH situation was not the actual reclaiming of the VAT, but the possible massaging of the business/private use of the jet to maximise the level of VAT reclaimable on the business element.

Do "normal" self employed people try to maximise their tax deductions in the same way or is the notion absurd ?

"It's OK because it's me and I deserve a "drink" ...but some millionaire tries the same thing and "It's an outrage !"
By:
Johnny The Guesser
When: 08 Nov 17 20:35
The worst offenders on the program were the actors being paid their fees into the offshore trusts. That is just blatant cheating.

They might has well just been paid the money as normal then just "forget" to put in onto their tax return , and hope they get away with it. Their tax planning had no more merit to it than that.

But then again how many self employed tradesman have never done a cash job ?
By:
donny osmond
When: 08 Nov 17 21:02
i am sure there are many folk that avoid taxes.

it is legal for me to avoid taxes by saving within an isa

if i paid tax on my savings then others would benefit, not me.
By:
STUDYFORM
When: 09 Nov 17 00:00
Most of us would take advantage of loopholes/avoidance/ways around paying tax if we could.
BUT:
For the vast majority, there isn't enough left, or they don't have enough to worry about.

So if we want it to be fair, the rules need to be changed. Trouble is the ones making the rules either have the money, or are paid by those who have the money.

The most puzzling thing for me is why so many are ready to defend the rich who pay so little tax by saying "they pay loads of tax!!!!"
If anyone on this forum is rich enough to be affected by a firmer tax regimen for the richest, I'd be amazed.
By:
Capt__F
When: 09 Nov 17 00:06
Eh..cough...Cough!
By:
Captain carnage
When: 09 Nov 17 00:28
My only conclusion is that Studyform is envious/jealous of the `rich' anf clearly a left-wing idealist/fantasist.

Several times it has been explained that the `rich' pay most of the tax that helps the `poor'.

You just dont/wont grasp that.

`The most puzzling thing for me is why so many are ready to defend the rich who pay so little tax by saying "they pay loads of tax!!!!" - They defend it/state it because its a FACT.

Ps. `Rich' and `Poor' is almost impossible to define. The poorest person in the UK could be argued to have wo the lottery compared to the economic/political situation of the bulk of the rest of the world.
By:
Mc Moonbeam
When: 09 Nov 17 02:49
The Elephant in the room seems to be that the BBC are allegedly DOING IT THEMSELVES !

They just shine the light on the 'Celebs' once in a while to take the heat away from the real Big Boys & the gullible old folk of the Chit Chat Fora lap it all up as usuals Scared
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