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Panorama - Tax affairs.

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By:
Whisperingdeath
When: 09 Nov 17 07:00
Do we really want a world where the likes of Donald Chump Junior or should we call him Fredo? Has do to nothing ( hopefully ) but live off the riches of his father? God forbid his like want to take an active part.

Any society that does not allow people with talent to flourish is doomed. We are approaching a situation that where you are born and to whom is paramount. Plenty of non elite kids are scoring enough to get to Oxbridge but are barred because of their social status. To quote the Orange One...not good, infact very bad!
By:
Johnny The Guesser
When: 09 Nov 17 07:29
I'm not defending anybody. I just want to highlight the double standards that are being applied.

Who is more guilty here ?

The businessman who "gets clever" (using legitimate procedures) and cuts his taxes from £10m a year to £8m a year ?

Or the self employed tradesman who say claims his wife is his secretary and cuts his taxes from £8000 a year to £6000 ?

Who is better for the country as a whole ?
By:
terry mccann
When: 09 Nov 17 08:04
if the Royals try to avoid paying tax why should anyone pay it? terrible examples to set
By:
Whisperingdeath
When: 09 Nov 17 08:09
Johhny,

The hippocracy is in the stacked deck. I don't blame Lewis Hamilton for pulling the old Vat number. YThe fact is though that many people are chaneeling money offshore and not declaraing it to the Revenue. That is illegal. With the amounts of money involved I think they should implement the same powers they show to drug dealers.

You know when HSBC laundered money for the Mexican Drug Cartels they said sorry. Nobody went to jail. How does that compare to the self employed tradesman who says his wife works as his secretary or member of Parliament for that matter or managing directors wife of Phillip Greens wife who allegedly ran BHS from Monaco?

The ones who are jealous and envious are the ones who begrudge anyone but themselves from making a living!

The Laws are wrong and need to be changed. I don't believe in taxingthe rich particularly Companies for the hell of it. i would rather we all paid less tax but EVERYONE should pay their fair share.

BTW I also think income support needs looking at, Housing benefit, any form of benefit for somebody who comes here from another country in the first five years who came here to work.

We need to build houses, have a decent health service, educate our children and ensure people who work a=have a decent standard of living.  The people who benefit from what our Country offers must pay their fair share!

We are many, they are few!
By:
Johnny The Guesser
When: 09 Nov 17 08:19
Terry - You are just falling for the BBC spin.

The Queen has had a bad press here.

How exactly are the "Royals" avoiding tax ?

The vast majority of the population that have any sort of fund investment i.e. unit trust / pension etc will no doubt have part of that fund invested in some sort of overseas investment  (and know nothing about it themselves).

How does merely holding an offshore investment equate to avoiding tax ? - The BBC didn't explain that did they !
By:
terry mccann
When: 09 Nov 17 08:31
its just the tip of the iceberg Johnny,why do all these rich people do it then? some plummy sod told us the Queen wouldn't have known about any of this,yet when I was watching a doc about liz made recently,we were told "the Queen is very clued in to where all her money goes"!
By:
Johnny The Guesser
When: 09 Nov 17 08:34
Whispering - You talk some sense.

I agree if HMRC feel they are losing the battle in certain areas then they should just move quickly and change the laws. Everything moves so slowly and leads to the perception that the tax planners are getting away with it. They often lose (i.e. film schemes unwinding) but it takes years to happen.

The "fair share" argument however always makes me smile.  What on earth does that mean ?

I bet the businessman paying his £8m a year thinks he is paying far more than his "fair share" when there are 23m people who pay nothing at all. Are those 23m paying their fair share ?

He can't understand why there is an angry mob / the press hurling  abuse at him because they somehow think he should be paying in £10m.
By:
Johnny The Guesser
When: 09 Nov 17 08:36
A far bigger problem is a "system" that encourages millions of people not to do a minutes work in excess of 16 hours a week.

Utter madness.
By:
Johnny The Guesser
When: 09 Nov 17 08:45
What about the millions who hold a handful of shares in Santander Bank ? Are all of these some sort of serial tax evaders ?

It is not the holding of offshore investments that is the problem - It is what the individual enters on their UK tax return that matters. (The BBC don't know that but they don't spell that out because they wouldn't have a story). If the returns from the offshore investment are properly declared then where is the problem ?
By:
terry mccann
When: 09 Nov 17 08:53
should she/they be playing with OUR money in the first place,what if it somehow went t1ts up like Iceland?
By:
Whisperingdeath
When: 09 Nov 17 09:15
16 Hours a week!

Absolute madnes!

Again we see BHS paid nearly one quarter of their staff so little that they qualified for housing benefit. Who paid for their housing, we the tax payer! If some tax payers are not paying their fair share then they are cheating us who do. I am against the payment to a large degree of hosuing benefit to people who work and tax evaders ( illegal  and otherwise..trusts, double dippers etc )

I am not against people or companies who do well, good luck to them and I see no reason why they should have to pay more than half their income in tax as long as they declare their full income!

Why should Cafe Nero and Starbucks and Google and Amazon have to pay so little in Corporation Tax when they make such a large " profit " in the UK before turning it over to another tax jurisdiction. It is not fair on small business owners. The large Companies have direct acces to the Government who make laws. Murdoch could walk into number 10 via the back door. This is not a level playing field.

If some of these companies think they are paying more than their " fair shre " they are free to look to take their business elsewhere.
By:
lfc1971
When: 09 Nov 17 09:29
It is essential that there are loopholes , other countries outside the jurisdiction of the tyranny of the British government
and yes the British people.

It is very important that there is this balance , it keeps the government honest.
By:
terry mccann
When: 09 Nov 17 09:42
if only ifc
By:
lfc1971
When: 09 Nov 17 09:58
In a global world the very concept of paying tax is flawed , and dangerous.
because the tax collected is no longer going to you, but to someone else .
That's a dangerous thing.
By:
lfc1971
When: 09 Nov 17 10:00
It is almost impossible for good and safe decisions to be made under those circumstances. Because when a government demands tax we no longer know how it will be spent.
By:
lfc1971
When: 09 Nov 17 10:10
under no circumstances should you pay tax , if possible and without getting yourself into any trouble.

That is the message that the government needs to hear.
By:
terry mccann
When: 09 Nov 17 10:15
if we didn't pay then our roads wouldn't be in the superb condition they are in and that's just for startersSilly
By:
lfc1971
When: 09 Nov 17 10:21
: ) well we pay for the roads I don't mind that . At least we see something if we see a road .

But we don't need any more of them.
By:
Whisperingdeath
When: 09 Nov 17 10:52
Maybe Amazon should pay Road tax!
By:
terry mccann
When: 09 Nov 17 12:31
and apple
By:
Ibrahima Sonko
When: 09 Nov 17 21:13
What an absolute scummbag Gary Lineker is, takes millions from the bbc and tells us how we should accept migrants that wont impact his lifestyle but yet he is avoiding taxes.
By:
Johnny The Guesser
When: 09 Nov 17 21:39
Still probably pays a million or two in tax.
By:
Mc Moonbeam
When: 09 Nov 17 21:52
small potatoes !
By:
leazes67
When: 09 Nov 17 21:54
leazes67 06 Nov 17 13:07 Joined: 18 Jan 05 | Topic/replies: 4,053 | Blogger: leazes67's blog
Lineker been quite these last few days.

Now we know why.
By:
Capt__F
When: 09 Nov 17 22:25
ears not tuned in
By:
STUDYFORM
When: 09 Nov 17 23:46
Captain carnage - You are doubtlessly a regular forum user with a re-vamped name.
Would you care to say who, or will you hide behind your new moniker?

I couldn't be any clearer about my feelings about people paying tax.
There's definitely no jealousy going on - so that's a ridiculous thing to suggest.

Let's draw a line then let's say ANYONE EARNING £2,000,000 A YEAR OR MORE should ay their full share - what's wrong with that?
It's been explained also that the rich pay more actual money in income tax than poorer people.
It has also been explained that the rich have proportionally more of the money with which to pay it. TO A GREATER EXTENT. but you choose to ignore this on some pompous footing in case it makes you seem a bit lefty to suggest otherwise.

So I repeat:
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.
By:
lfc1971
When: 10 Nov 17 07:27
If a country taxes wealthy people in that Studyform and other leftists want then there is a problem.
( aside from the possibility that a country may end up getting less tax)

But also it will mean that things in a country will become more expensive .
The cost of things in a country , what you buy in the shops, what you pay for housing , what you pay for fuel , whatever,
must be driven by what the average citizen can afford .

When you introduce large sums of money into the economy from a few wealthy people this distorts the market and makes things more expensive .

It is even the case in things such as the NHS that when it is not isolated from the private sector as it is not now. Because it is in collusion with its staff and care homes etc they'd makes the NHS more expensive not less.

Everything within a countries economy must be driven by the average person ,
it is an organic thing that must grow from that he economy and the cost of things must stem from that .
Otherwise things will become more expensive , and people poorer , they become less respected , they become less powerful.
By:
STUDYFORM
When: 10 Nov 17 08:14
This has nothing to do with 'left' and 'right' much as some people want everything to be.
It's about fairness.
Money doesn't trickle down, it trickles UP.
And then they keep it, leaving nearly everyone else scrabbling around for the crumbs.
By:
lfc1971
When: 10 Nov 17 09:53
Of course it is about producing a fair society , but the only way that can be achieved is if the average person in that society determines the costs of things within that society.

That cannot be achieved by taxing the rich , that will only make things more expensive ,
Take an example , let's say we tax s number of wealthy people and build a hospital
Well that hospital is going to have to find doctors and nurses and technical staff and train them and pay their wages
and pay for the costs of running that hospital and the cost of medical care and pay for the doctors and nurses and managers and equipment etc.

Now that is all going to be extra cost that is going to have to be paid by you and me, that is the average person
And if we are having to pay for that hospital that means we may not be able to fund the hospital we were already paying for.

And the wages of the staff at this hospital , they might consider buying or renting a house with those wages , that means that if it is a house that you might like to buy it rent yourself you may not be able to afford
Because the hospital worker has be able to afford to rent the house
This pushes up the price of houses and makes things more expensive

If people want hospitals the costs must come from the average person, if people want houses the costs must come from the average person .
If it doesn't things become more expensive, everyone loses.
By:
lfc1971
When: 10 Nov 17 09:58
It is imposibje fir money to trickle up, that is not possible in nature.
It can only trickle down in a natural society.
By:
TheBaron
When: 10 Nov 17 10:00
Of course the rich pay most of the tax they've got most of the money!  You can hardly pay much tax when you have very little money.

If there was a more equal distribution of wealth there would be a more equal tax take.
By:
lfc1971
When: 10 Nov 17 10:00
What is wrong with communism? It is not natural that is why it doesn't work and is so dangerous
Because it takes away the power and safety of the average person.
By:
lfc1971
When: 10 Nov 17 10:04
The point is not how wealthy some people are , it is who drives the costs of a society that matters

That must be the average middle classes .
By:
lfc1971
When: 10 Nov 17 10:10
And how does a society achieve this balance ?
The people within that society must be needed.
They will not be needed if they are being given money
They will not be beefs if there are too many of them for the talents and resources of that country.
By:
lfc1971
When: 10 Nov 17 10:12
When people are needed everything else falls into place.
By:
Whisperingdeath
When: 10 Nov 17 11:21
Uber lost it'd Employment rights case!

THey will have to compete on a level playing field. Ha Ha pay your National Insurance Uber!
By:
Johnny The Guesser
When: 10 Nov 17 18:15
The additional charges will eventually just get passed on to the drivers and then the customers.

HMRC may get more but Uber , the drivers and Joe Public will all end up worse off.

But, you are right , business should have to compete applying the same rules.
By:
moisok
When: 10 Nov 17 18:24
most of our taxes go to pay pencil pushers and people who don't work
some goes to paying big companies who keep workers on low wages so they are subsidised by the tax payer

we need to clear town halls and government buildings of people who produce nothing

just for starters

13 billion can be cut for starters - no foreign aid.

hope this helps

leaving the eu will help to the tune of 8 billion net etc
By:
Whisperingdeath
When: 13 Nov 17 09:12
I have to agree that there is so much waste and they should start there!

If you ever see Health and Safety Officials at work they act like there is an endless suppluy of money. Imagine not being able to use a ladder on a building site? Seriously they are out of control and all industries are wasting too much money, the NHS is another example of waste and innefficiency. Have a look at their computer systems. Look at Middlesex Hospital. How much tax payer money was wasted there?
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