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Diddy man .....
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My Turkish consultant psychiatrist friend earns over £100k per annum. She does not get any perk being in the NHS
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Taxpayer backed, index linked, zero risk, early paying pension will have a value counted in the millions.
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And it can be recycled into a dc scheme (with the correct advice!)
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A jockey of his demand and career longevity should pay income tax at the correct/set level. A jockey profession is neither manual labour nor a risky enterprise, is it? I just cannot understand how he'd not pay the taxman and file for bankruptcy.
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Keir Starmer’s tax bill reveals he sold field for £276k
Overall, the Labour leader paid just over £99k on his £405k income, or 24.5 per cent |
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Labour leader Sir Keir Starmer has been accused of hypocrisy by Conservatives over a tax exempt pension deal he has from a previous job.
Sir Keir criticised measures in the Budget which scrapped the £1m cap on lifetime pensions savings. The Telegraph reported, external Sir Keir got a special "tax unregistered" pension scheme when he stood down as Director of Public Prosecutions (DPP) in 2013. Labour says it was standard practice for retiring DPPs to get such a deal. But senior Conservative MP Sir Iain Duncan Smith told The Telegraph it made a "mockery" of Labour's position on the lifetime pension allowance, and was as "close to hypocrisy as it is possible to get". |
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nobody wants to pay more tax than they can possibly avoid. even the current pm it appears!
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Is he not paye with retainers, etc? if so, this is pretty clear-cut.
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lots of big oil companies set up companies in malta, its a paper company, a door and nothing else, where a local picks up the mail every few days.....all done for tax avoidance.....i could name , names but i wont.....btw, i know this from personal experience.
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suppose hell be back riding full time, and on morning line every saturday again , and ed gushing all over him
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the fella advertising/using this scheme sent rangers in to bankruptcy ,advising them to pay their tax through the same trust ,anyone fooled/conned in to using it was fooled willfully,after rangers I suspect the bloke was amazed he could get frankies tax advisers to buy in to this scheme
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if Frankie's put 30 million in to the trust over last 6/7 years bloke charges 10% of the deposit,that's a tidy 3 million tucked away,even Frankie no,s what he,s paying someone 3 million for
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if Frankie's put 30 million in to the trust over last 6/7 years bloke charges 10% of the deposit,that's a tidy 3 million tucked away,even Frankie no,s what he,s paying someone 3 million for
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If something is too good to be true, it usually is (iffy). Only a greedy and (iffy) person will go along with it. It's prudent to seek a 2nd/3rd opinion, and re-evaluate.
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guess we all on him in 5.00 wolves 11/2 to 7/2
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If he did evade tax, use dodgy schemes is that not illegal and therefore should face prosecution and jail?
Even if he declares bankrupt to avoid paying, a crime has still been committed has it not? Regardless even if he declares bankruptcy. |
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I do not have any sympathy for him or the likes of him. Any individual earning the colossal amount of money he did and still do and yet unable to pay the tax bill is either extremely extravagant or extremely greedy or extremely naive and stupid. Which of these is Mr Dettori?
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he'll be apllying for PIP shortly, sore head. cheers.
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He'll still be riding well into his 60s. Saturday evening at Dunstall Park just before Christmas and he's been booked up for a couple in the 0-60 and a classified stakes! Trying to nick a couple of bags so be can buy the great grandkids a few prezzies for Christmas. Rolling back the years he gets every last ounce out of one of his reluctant mounts, a 43 race maiden, to get him up right on the line.....form is temporary, class is permanent!
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Compare this grubby news story to that of Lee Castelton the former post master who was accused by the Post office of stealing £25,000
Mr Castleton spent two years trying to defend himself but when the legal insurance ran out he was left with a legal bill of £321,00 and like the Italian jockey declared himself bankrupt. From the inquiry it was clear the post office wished to make an example of Mr Castleton in order to deter other post masters. While Mr Dettori was earning his millions around the world did it never occur to him the cleaners who worked in the jockeys changing rooms or the guys serving drinks in the bars in the many racetracks around the world were probably on the very basic wage and a zero hour contracts. Whilst Lee Castleton can hold his head high and will receive his O.B.E. next month Mr Dettori should pay the tax man what is due plus the penalty charges they will make. |
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To begin with, it must surely be agreed that Frankie was a brilliant jockey. Could get a horse to run without smashing the backside off it. Yes, he made some errors but he was always in the firing line and those people will get it wrong from time to time.
Also, he has done as lot for the sport through his high profile. BUT, it really irritates me when a big earner gets in this type of trouble. For god's sake, why not just use tried and tested tax avoidance schemes (all ok with me, let's not forget even an ISA is a tax avoidance scheme) and then pay the tax on the rest? I have been a higher rate tax payer for 43 year now and learned my lesson some time ago that the ability to get a good night's sleep without worrying about the taxman and some dodge-pot financial / tax advisor is worth a lot of money. My bet is that Frankie now feels the same. Still feel sad for him but issues do seem to follow him around!! |
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listen to that punters forum/pal fella on that AK podcast yesterday blaming his advisers more than Frankie ,to trusting etc, but lets be honest if Frankie's been paying around 3% tax instead of around 60% tax for last 6 yrs ,without in the words of his defenders KNOWING IT, he would have gone bankrupt along time ago if paying 60%,he,s basically for arguments sake been living on 30 million + gifts,when he should have been living on around 14 million, another MESSI AND SON
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I remember a couple of radio commentators remarking that the tv persona of jovial Mr Dettori was nothing like his real personality. If he'd asked Angela Rayner, she could surely have recommended her personal tax advisor?
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45% tax is exorbitant, perhaps if it was fairer people would be less enthusiastic about avoiding it. Imagine earning £10M and having to give nearly £5M of it to these fools to spunk away on their pet projects. That's not to excuse cheating, but to understand the temptation.
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I think everyone who earns a wage in the UK must pay tax in the UK after every tax relief entitled legally has been considered. How many earn £10m annually? I can appreciate 45% is a huge amount. Then again money makes money eg an investment/bank savings. An established business with a history of profits will tend to generate a fairly stable level of profit on average. And, this is usually not too taxing, and does not involve personal manual labour eg stocks and shares, etc.
Would anyone mind paying 45% of a large amount eg salary plus bonus in the City in tax if it was not physical labour or working 24/7 digging up roads/plumbing/etc? I'd not. |
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It's a massive disincentive, culls ambition and progress. In my view 25% should be the very most anyone pays on earned income. Obviously people who have that level of wealth are paying more taxes on luxury purchases, stamp duty et al. 45% is a punishment for being successful. And like I alluded to, the other side of the ledger is that much of it is absolutely wasted. You probably wouldn't mind so much if you could see the fruits of your tax extraction instead of bespoke shoes for civil servants and 4 star hotels for illegal immigrants.
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why don't these multi millionaires just invest in property? it's literally as safe as houses!
Why hire people to advise you to invest in things that are risky, must just be pure greed, invest in property and you can't go wrong, monthly rental income and can sell up when you want. makes no sense how these millionaires go bust. |
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Hows he going to evade/avoid tax doing that Scandinavian? Which was the essence of the scheme.
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Investing in commercial properties is acceptable. It's a business afterall. However, buying up scarce residential properties using buy-to-let facility, and letting them out privately ought to be outlawed given the scarcity in affordable housing for the majority esp the younger generation. Most countries overseas have draconian terms and conditions on this eg imposing stringent restriction and limitation on the number of purchases; punitive 50/75% (selling) profit to the government; unrelated ownership; etc.
There is a "hidden" cost in wealth creation of this kind. It's iniquitous and it punishes the younger generation where challenges are aplenty. I believe affordable housing (not homelessness) is the least the younger generation could expect from the UK society; secure housing -> security -> stability -> mental, health and social harmony -> nhs (infrequent) -> wealthier country. |
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ex-footballers with 50 property portfolios, and young people can't afford to buy a home, they're just lucky to have a roof over their head.
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remember Tony Jacklin and co paying 90% in 70,s and all moving to Jersey,but karma got them as well as their horded away millions went down with the LOYLD INSURANCE BIG BANG
you've got to remember in the case of high profile sportsmen,celebs etc ,their negotiating their wage NET,so it doesn't really matter what the TAX RATE is,if they think their worth 5 million a yr ,they,ll just come up with a gross figure that gives them 5 mill net,no problem with that if someone thinks their worth it/think fans/customers will fund it, but as I said earlier once they get that gross figure they then pay someone else in Frankie's case 10& of that gross figure to keep as much as that gross figure as they can way above the 5 mill they said they were happy with,and its paid for by people on PAYE paying for tkts, sky,bt,tv,streaming services,merchandise,inflated food,drink prices etc,etc |
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People in this bracket can live anywhere. So you'd want them to be based in your country, spending a lot of money and paying a lot of tax. Unless you're a liberalist and want to punish people who are successful for themselves.
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in what world is paying the tax at the rate your legally expected to pay been punished ?
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#frankrupt
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the 45% tax rate is a punishment. why should anyone have almost half of their earnings handed over to the government to spunk down the toilet. it's obscene in my opinion.
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its obscene and a punishment that I,m not allowed to drive at 160mph in my Maserati, do you think I should be allowed to ?
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go to germany
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At the end of the day if one is not happy or does not like the tax rates of their place of abode one is free to depart to pasture new eg Afghanistan, Iraq, Pakistan, etc, where corruption of every kind is so rife and prevalent. What good or advantage is it residing in a low tax rate place when the amenities and rule of law are virtually on-existent.
I fully agree a 45% flat tax rate for the rich is punitive if the proceeds derived are used or "wasted" on non-contributory citizens, the work-shy or mums with babies by different fathers in welfare benefits, housing, education and the NHS. |
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Scratching a living at Turfway tonight...
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